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BitTorrent Price Prediction — Will BTT Hit $0.0075 Soon?

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BitTorrent Price Prediction
  • Bullish BTT price prediction is $0.0042 to $0.0062.
  • The BTT price will also reach $0.0075 soon.
  • BTT bearish market price prediction for 2021 is $0.0017.

In BitTorrent (BTT) price prediction 2021, we use statistics, price patterns, RSI, RVOL, and much other information about BTT to analyze the future movement of the cryptocurrency.

BitTorrent Current Market Status

According to coingecko, the price of BTT is $0.0032 with a 24-hour trading volume of $501,521,52 at the time of writing. However, BTT has increased to 5.7% in the last 24 hours.

Moreover, BTT has a circulating supply of 659,071,882,049 BTT. Currently, BTT trades in cryptocurrency exchanges such as Binance, Mandala Exchange, OKEx, CoinTiger, and Huobi Global.

What is BitTorrent (BTT)?

BitTorrent (BTT) is a blockchain-based digital token that powers the world’s most popular decentralized protocols and applications. It is a distributed file-sharing protocol developed in 2001 by computer programmer Bram Cohen. It is designed to transfer large computer files without a central server, and is responsible for moving a significant percentage of the world’s Internet traffic.

BitTorrent (BTT) Price Prediction 2021

BitTorrent holds the 81st position on CoinGecko right now. BTT price prediction 2021 explained below with a weekly time frame.

BTT/USDT Ascending Channel Trend Pattern (Source: Tradingview)

An ascending channel is a pattern formed from two upward trend lines drawn above and below the price indicating the resistance and support levels. This is a bullish chart pattern defined by a trendline that supports the series of higher lows and a diagonal resistance level that connects the higher highs. While on the channel, prices are expected to jump from the upper and lower ranges. As such reversals occur, the method is more reliable.

Currently, BTT is at $0.0031. If the pattern continues, the price of BTT might reach the resistance level to $0.0045 and $0.0053. If the trend reverses, then the price of BTT may fall to $0.0018.

BitTorrent (BTT) Support and Resistance Level

The below chart shows the support and resistance level of BTT.

1638474509 256 BitTorrent Price Prediction — Will BTT Hit 00075 Soon
BTT/USDT Support and Resistance Level (Source: TradingView)

From the above weekly time frame, it is clear the following are the resistance and support levels of BTT.

Resistance Level 1 $0.0042
Resistance Level 2 $0.0053
Resistance Level 3 $0.0062
Resistance Level 4 $0.0074
Support Level 1 $0.0031
Support Level 2 $0.0017
Resistance & Support Levels

The charts show that BTT has performed a bullish trend over the past month. If this trend continues, BTT might run along with the bulls overtaking its resistance level at $0.0074.

Accordingly, if the investors turn against the crypto, the price of the BTT might plummet to almost $0.0017, a bearish signal.

BitTorrent Price Prediction 2021 — RVOL, MA, and RSI

The Relative Volume (RVOL) of BTT is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of BTT lies below the cutoff line, indicating weaker participants in the current trend.

1638474509 611 BitTorrent Price Prediction — Will BTT Hit 00075 Soon
BTT/USDT RVOL, MA, RSI (Source: TradingView)

More so, the BTT’s Moving Average (MA) is shown in the chart above. Currently, BTT is in a bearish state. Notably, the BTT price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of BTT at any time.

Meanwhile, the relative strength index (RSI) of the BTT is at level 39.74. This means that BTT is in a nearly oversold state. However, this gives confidence for the traders to trade without any fear.

BitTorrent Price Prediction 2021 — ADX, RVI

Let us now look at BitTorrent’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

1638474510 598 BitTorrent Price Prediction — Will BTT Hit 00075 Soon
BTT/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of BitTorrent. Currently, BTT lies in the range at 38.17, so it indicates a strong trend.

From the above chart, the Relative Volatility Index (RVI) of BTT. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of BTT lies above the 50 level, indicating that the direction of volatility is high. In fact, BTT’s RSI is at the 39.74 level thus confirming a potential sell signal.

Comparison of BTT with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum and BitTorrent.

1638474510 43 BitTorrent Price Prediction — Will BTT Hit 00075 Soon
BTC Vs ETH Vs BTT Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH is moving at the upward trend. But, the recent trend of BTC and BTT moves in a downward direction.

Conclusion

With continuous improvements in the BitTorrent network, we can say that 2021 is a good year for BTT. For this reason, the bullish price prediction of BitTorrent in 2021 is $0.0074. On the other hand,  the bearish BTT price prediction for 2021 is $0.001.

Furthermore, with the advancements and upgrades on the BTT ecosystem, the performance of BTT would rise reaching $0.005 very soon. But, it might also reach $0.0075 if the investors believe that BTT is a good investment in 2021.

FAQ

What is BitTorrent?

BitTorrent is a most popular peer-to-peer (P2P) and torrent file sharing platform that has become increasingly decentralized in recent years.

Where can you purchase BTT?

BTT has listed on many crypto exchanges which include Binance, Mandala Exchange, OKEx, CoinTiger, and Huobi Global.

Will BTT reach a new ATH soon?

With the ongoing developments and upgrades within the BTT platform, it has a high possibility of reaching its ATH soon.

What is the current all-time high (ATH) of BitTorrent?

On Apr 05, 2021, BTT reached its new all-time high (ATH) of $0.0135.

Is BTT a good investment in 2021?

BitTorrent (BTT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of BTT in the past few months, BTT is considered a good investment in 2021.

Can BitTorrent (BTT) reach $0.0075?

BitTorrent (BTT) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then BitTorrent (BTT) will hit $0.0075 soon.

What will be the BTT price by 2022?

BitTorrent (BTT) price is expected to reach $0.01 by 2022.

What will be the BTT price by 2023?

BitTorrent (BTT) price is expected to reach $0.15 by 2023.

What will be the BTT price by 2024?

BitTorrent (BTT) price is expected to reach $0.5 by 2024.

What will be the BTT price by 2025?

BitTorrent (BTT) price is expected to reach $1 by 2025.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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SkyLaunch Collaborating with Polygon to Join its Ecosystem

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Ethereum Killer Polygon Races to Hit New ATH Soon

SkyLaunch has recently announced that they will be working on a mutually beneficial partnership with Polygon in the quest for achieving future improvements. Further, they mentioned that collaboration with Polygon means adding a new Blockchain to their growth plan. Moving ahead, they also said that Polygon low fees and lightning-fast transactions have made it popular within a short period. Therefore, people who will be choosing Blockchain for their projects will need launchpads too. This will eventually help SkyLaunch in exposure and grow further.

Moreover, there are two key contributors to SkyLaunch’s growth vertical over the years. Besides Binance Smart Chain, another useful platform SkyLaunch depends on is Polygon. The Polygon blockchain is a profitable Ethereum-centric network with high-profit potential and secure connection, offering users a smoother crypto trading experience. After incorporating Polygon into the SkyLaunch launchpad, experts opine that the latter would become one of the most reliable multi-chain launchpads in the future. 

High levels of profits with the collaboration 

Reports show that partnering with Polygon opens the team of the SkyLaunch to multiple project-related benefits as well. This would grant full access to the Polygon ecosystem, allowing SkyLaunch to explore and cement their position well. 

Polygon is one of the most sought-after blockchains in the current period because of its low-cost fees, simple usability, and precision-rich transaction speed. As a result, a lot of crypto projects are turning to this ecosystem to expand their reach and develop.

They want a top-grade launchpad as well to deploy the projects afterwards. Therefore, SkyLaunch expects to develop further through its partnership with Polygon, getting high numbers of projects. 

About SkyLaunch 

SkyLaunch is one of the most useful IDO-centric launchpad platforms available. It promises the users total timeline support with their projects and offers multiple proprietary tools to the project holders. In addition, SkyLaunch is unique in its operation and holds the support of a proprietary guide for introducing different upgraded versions into crypto-trading through blockchains.

To note, SkyLaunch does not keep several restrictions for the users. This helps traders complete their transactions, build their IDO projects, and deploy them across multiple blockchains without any complications. 

There is a standardised accelerator program with pre-IDO services that work with an industry-leading independent governance council. There is a post-IDO network for alliance support available as well. Traders creating and growing their blockchain projects benefit highly through SkyLaunch support. 

About Polygon

Polygon is a framework and valuable protocol for linking and developing Ethereum-based blockchain networks. It is the first platform to focus on infrastructure development and scaling of Ethereum. Furthermore, the blockchain is user-friendly, highly structured, and includes the Polygon SDK. Therefore, this framework is helpful for different types of app development initiatives. 

Not only does Polygon work as a blockchain in its own right, but users can also create or link several blockchains through it. As a result, it has some similarities with other blockchain solutions like Polkadot and Avalanche. 

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Ethereum Ranks Second as the Most Owned Crypto in UK, Bitcoin First!

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Ethereum Ranked Second as the Most Owned Crypto in UK, Bitcoin First!
  • It is estimated that 32.9 percent of UK crypto owners possess Ethereum.
  • 2,013 internet users in the United Kingdom were polled.

Late in 2021, the cryptocurrency market was very volatile and experienced a drastic shift from extremes in the bigger market. Crypto users in the United Kingdom seemed to be taking it slowly throughout the recent sell-offs and feverish market periods. With 2,013 internet users in the United Kingdom being polled, Finder.com came up with various findings.

The UK’s crypto community appears to have rekindled its enthusiasm for Ethereum, despite a lack of interest and acceptance in other cryptocurrencies. It is estimated that 32.9 percent of UK crypto owners possess Ethereum, putting it in the second position in terms of crypto ownership after only Bitcoin.

Read More: Bitcoin Price Prediction

Read More: Ethereum Price Prediction

Crypto Adoption Rate At a Mere 1%

There was an increase in the percentage of people owning cryptocurrencies from 11.2% to 15.5% last year, although, in certain countries, this rise was stifled. When comparing the two polls, the United Kingdom had one of the fewest increases in crypto holdings, moving from 5.2% to 6.1%, with a modest 1% increase in that time frame.

UK crypto ownership is much lower than the worldwide average of 15.5%, according to an ongoing poll of Internet users in 27 nations. With only 17 percent of respondents saying they believe crypto is an excellent investment, Britain was rated 23rd out of 23 nations in November 2021 for favorable opinions towards cryptocurrencies.

Despite the glimmering figures on ETH, Bitcoin remains the most popular cryptocurrency, owned by 42.8% of those who own digital assets. Third place went to Ripple, with 17.4 percent, followed by Solana with 15%, while Dogecoin only had a 1% gain.

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DeFi Data Network Unmarshal Doubles Down on Solana, Signs Key Advisor

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DeFi Data Network Unmarshal Doubles Down on Solana, Signs Key Advisor

Bangalore, India, 17th January, 2022, Chainwire

since its launch in 2021, Unmarshal” rel=”nofollow noopener” target=”_blank”>Unmarshal has continued to look for ways to improve its ecosystem to provide the best services to existing blockchains. Now in 2022, the DeFi network has added a key advisor, Brian D. Evans” rel=”nofollow noopener” target=”_blank”>Brian D. Evans, to the team to strengthen the protocol. 

Brian D. Evans is an Inc. 500 Entrepreneur, Forbes top digital marketer, investor, and blockchain/crypto industry veteran. With his wealth of experience and connections, Evans, who is also a Founder of ReBlock Ventures” rel=”nofollow noopener” target=”_blank”>ReBlock Ventures alongside Kenn.eth” rel=”nofollow noopener” target=”_blank”>Kenn.eth boasts almost 1 million followers on his Twitter” rel=”nofollow noopener” target=”_blank”>his Twitter. Evans and ReBlock will help Unmarshal become industry dominant by suggesting key initiatives, and connecting high level players. 

Speaking on the appointment, Evans said “They’ve managed to recruit top development talent, I can see this platform doing very well. I’m excited to open up my Rolodex and help them achieve large scale industry adoption.”

Unmarshal Boosts Its Query Mechanism for Apps on Solana

Aside from signing Evans, the multi-chain DeFi data network is strengthening its querying support for decentralized applications built using Solana’s API. The added support will provide safe real-time data to DApps.

The Solana Network” rel=”nofollow noopener” target=”_blank”>Solana Network was one of the most deployed chains in 2021 due to its incredible throughput, ultra-low gas fees, and scalability. The chain can process over 50,000 transactions in a second, making it faster than all the blockchains in the industry. All these are made possible due to the network’s Proof of History and Proof of Stake consensus mechanisms. 

The chain hosts over 1000 decentralized apps, including decentralized exchanges, GameFi projects, and NFT marketplaces. The trilemma – speed, scalability, and security led to the growth of the blockchain and its native cryptocurrency SOL. 

With the chain agnostic solution improving its API for Solana, DApps can collect data effectively without creating codes. DeFi projects on Solana can work with our experts to form the correct data response and structure. The network’s data can also be queried. 

API Can Perform a Wide Range of Applications

Aside from enabling a rapid querying support system for DApps on Solana, Unmarshal will add Solana onto the platform’s block explorer Xscan.io. The API will cater to a variety of use cases, such as NFTs, marketplaces, P2E gaming, and any other application on the Solana Network.

This API integration will allow the wallets to provide a clearer picture of token balances and the transfer history of the given asset and the entire wallet on the Solana chain. In addition, customers can get updated with instant alerts on any transactions that occur in their wallets. 

The integration with Solana will also allow wallets to fetch data about transaction hash, status, timestamp, and get details on assets listed on Solana, including their prices. Finally, the API integration will collect data of wallet NFT balances on the chain.

About Unmarshal

Unmarshal” rel=”nofollow noopener” target=”_blank”>Unmarshal is an agnostic chain solution launched in February, 2021. It’s a DeFi network that provides real-time data to dApps deployed on Solana, Binance Smart Chain, Polkadot, Ethereum, and so on. They are making moves to empower DApps on several Layer2 networks to have access to reliable on-chain data. The DeFi protocol offers convenient methods to query network data from supported chains and comprises powerful tools to support DeFi apps on any blockchain.

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