Theta Back in Crypto Top 10 & Collective Validator Node
Well Theta fans... Theta has experienced a remarkable week, up 94% in past 7-days to over $13 per token. Vaulting it back into the Crypto Top 10 which it has not seen since Fall of '20. How about a Shout out for more on the parabolic growth?
Theta just announced a Collective Validator Node - a new concept perhaps? A stake of $100M was put up by Institutional investors GFR Fund, Heuristic Capital, Sierra Ventures, and Venture Reality Fund came together to invest in a Validator Node. The new Enterprise Validator node can be found at Theta address 0x3905663153b7f2ba8a21f020f87df6fcf13580c5.
Upon review of Guardian Monitor site it seems the new Collective Validator Node has 8,500,000 Theta worth > $115M. Of course Binance is still the King of the Hill with > 60,000,000 Theta.
What does this mean? Traditional Equity Institutional investors are moving to Theta in a BIG WAY. That wall of money we have been hoping for his starting to hit Theta for certain. Doubt me? Do some research on the aforementioned firms and see that they are responsible for $2B in Assets Under Management. Would have loved to sat in on some of those discussions to see what else they are going to enter positions in. :-)
Summary - Major move in Theta price over the past 7-days (up 94%) with a net new Collective Validator Node online run by Traditional Equity Institutional investors. Can't wait for Theta to smash $100 mark!
Disclaimer - I am not an employee nor an agent of Theta nor any of its alliance partners. This is not financial advice so don't construe it as such!
Enjoy the Journey!
