This article dissects the THETA Price action and evaluates the token's prospects in the current crypto market climate.
Theta
What is Theta
Theta is an open-source protocol that allows users to build apps and uses blockchain, similar to Ethereum. It is a platform that focuses on delivering high-quality video on a peer-to-peer basis, making it a good choice for users worldwide.
Theta networks’ objective is to be the next generation of entertainment technology that provides an affordable decentralized video streaming framework compared to its competitors.
Theta was founded by Jieyi Long, who is an expert in Live Streaming technologies and virtual reality, and Mitch Liunand, an experienced businessman who had established several other startups in 2017.
Theta’s utility token is TFUEL, and it has many uses but primarily serves as an incentive to the users who share relay notes or bandwidth.
Is Theta a good investment?
Theta token is currently one of the hottest trending tokens in the markets, but a correction most often follows a price surge. Trends can continue for longer than investors expect them to; hence, we could see further gains.
Streaming videos are here to stay, and the platform is in its early stages. They are currently rolling out a beta phase that could evolve into a thriving ecosystem.
In addition, Theta has made strategic partnerships with Google, Samsung, Nervos and NASA.
Theta is a parabolic asset, as seen in similar trends before with assets like Bitcoin in 2017, which later crashed over 80%. Therefore, traders need to be extremely cautious when investing in Theta.
How to purchase Theta
The process of purchasing Theta is straightforward, but because it is relatively new, you should first check if it is listed in the exchange of choice.
Theta Latest News
The THETA price has lost a third of its value in the last seven days and could halve from here...
The THETA price action continues to trade in a tight range, as the evolving symmetrical triangle on the daily chart...
The Theta price continues to frustrate both the bulls and the bears as it fluctuates on either side of the...
The THETA price has pulled back around 12% in the last three days, raising doubts on whether the recent recovery...
The THETA price is grappling with the 200-day moving average at $7.46 this morning as bulls push for another run...
The Theta price has slumped over 20% from the early-October high and shows signs that further weakness may lie ahead....
The Theta price has climbed 50% from the September low, hurdling several key resistance levels in the process and working...
Over the last three weeks, the THETA price has halved and is currently testing a critical support level, which may...
The Theta price has been under intense pressure in the past few weeks. The token is trading at $5.4140, which...