THETA Fundamental Analysis
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 Price Chart
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.
THETA Technical Analysis
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.
THETA Price Prediction
Below we have collected the most reliable price projections for THETA (THETA) from popular forecast platforms.
#1. WalletInvestor THETA Price Prediction for 2021, 2023, 2025
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.
#2. TradingBeasts THETA Price Prediction for 2022
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.
#3. DigitalCoin THETA Price Forecast for 2021, 2022, 2023, 2025
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.
#4. LongForecast THETA Price prediction for 2021–2022
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.
How to buy Dash fast and easily?
Just go to SwapSpace and follow these easy steps:
- Choose the exchange pair, i.e. BTC to Theta, and the amount for your exchange and press the “View offers” button.
- Select the best exchange offer. You can sort them by better rates, exchange trust rates, or fixed and floating exchange options.
- Provide the recipient address to which the coins will be transferred.
- Transfer your money to the exchange service.
- Just wait until you'll see Theta in your wallet!
About SwapSpace
SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 700 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.
Summary
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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