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Theta Price Action


Theta Price Action

 

Knowing that Theta was released in early '18 after the Crypto 'crash' in '17. I was wondering how the price action has been this year.

The price prior to Mainnet 2.0 release in May '20 was stuck in a range of 0.18 to 0.24 then when Mainnet released it spiked up on heavy Volume to 0.72 / token. Then settled into a new range 0.24 - 0.48. In the past 4-weeks has been trending higher up to 0.57 then over past ten days or so it was beaten back to a base of 0.40 a couple of times.   Does that mean it only goes higher from here? I doubt it honestly, with all the market volatility in equities and Crypto it might stay in this range until a new Exchange in the US carries Theta.  The grapevine aka rumor central states that Coinbase https://www.coinbase.com is working on carrying Theta for US Citizens.   Also don't discount how the new features will impact the Theta price moving forward.

 

Source of data

https://coinmarketcap.com/currencies/theta/

 

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Keith Thuerk
Keith Thuerk

Currently learning about Crypto's and DeFi to combat the Inflationary Tidal wave coming our way!


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Theta Network basics in bite size pieces

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