THETA is a token in the Theta Network, which has a purpose to provide decentralized, safe, and accessible streaming and content delivery services. THETA is one of the tokens on this blockchain: there’s also TFUEL, which is used to power the network. Theta network was launched in 2019 by Theta Labs and went through several upgrades since then, the latest of which was a major upgrade to the mainnet v3.0 in June 2021.
Theta Network encourages participants to share the bandwidth and other computing resources they aren’t using, offering them rewards for this task. Those resources can then be purchased or “rented” by streaming platforms or creators to share their content with their viewers. Decentralization solves the issues often present in the more traditional content delivery networks, such as low streaming quality or high costs: redundant copies of streamed content provide stability which improves quality, and the crowdsourcing model keeps prices low.
THETA token is used in Theta’s unique 2-step consensus protocol. In addition to the network validators (who stake TFUEL, the other token on the network), there are so-called Guardians, who must stake THETA to check the validated blocks. THETA also plays the role of a governance token and can be used to vote on changes in the protocol.
THETA was trading at about $2 at the beginning of 2021, but shortly after this its price soared following the crypto market trend at the time, reaching a record high of $15.90 in April. The price stayed quite high until mid-May, crashing with most of the market to just below $6. It rallied in June, hitting around $9. Looking at the bigger picture, one may notice a clear flag pattern, which seemingly reversed in mid-July, when the price hit a low point of $3.51. By the end of July, however, the price showed signs of going back down, so the investors might have to buckle up and wait for the reversal some more.
Despite the fact that 100% accurate technical analysis for THETA cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated THETA buy-and-sell rating for selected timeframe. The summary for THETA/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Below we have collected the most reliable price projections for THETA (THETA) from popular forecast platforms.
According to WalletInvestor, THETA price will grow from $5.77 to $14.406 in one year. That makes THETA an awesome investment. The long-term earning potential is 149.67%. Predicted price for the end of 2026 is $48.315.
Answering the question about if Theta Network is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $5.80023 with a growth to $6.59464 by the end of 2022.
In DigitalCoin analysis, the price of THETA cryptocurrency will rise in the next 5 years starting from $5.78973 as of today’s price to $17.4752433. It will go up to $9.8197672 by 2022 and continue its growth in 2023–2024. Based on this forecast, THETA is a profitable long-term investment.
In 2021, the average THETA price will go down to $5.095. In 2022, THETA’s price will rise significantly to an average of $6.7758333.
As it can be clear from the analysis cited above, THETA (THETA) projections are rather contradictory. There is no universal consensus either about positive or negative future THETA price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the THETA projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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