The THETA Network
The Theta blockchain was built as a custom decentralized video delivery network and cryptocurrency. This cutting-edge platform, technically and economically, solves the issues facing the streaming industry. As a result, the Theta blockchain was created to promote network bandwidth sharing. Users may exchange their unused bandwidth and computer power for token incentives rather than donating it.
THETA and TFUEL
Theta network’s governance token is called THETA tokens. They offer a variety of functionalities to their users. As a Validator or Guardian node, you stake this token to generate blocks and engage in the protocol’s governance using it. At the moment, there are 1 billion Theta tokens in circulation. Surprisingly, the platform intends to produce a total of this amount of tokens.
TFUEL tokens act as utility tokens. Within the network, these tokens perform a variety of functions. However, TFUEL tokens are primarily used to encourage and recruit individual users to become caching or relay nodes for video streams rather than as monetary incentives.
How Does the THETA Token Work?
Theta is a decentralized video delivery network that is ERC-20 compatible. Theta users can use the Ethereum ecosystem to enhance their cryptocurrency experience because of this categorization. ERC-20 tokens have many wallets, DEXs, and games, making Ethereum the most significant dAPP ecosystem in the world. To improve stream delivery quality, Theta incorporates Ethereum’s security and efficiency with various proprietary technologies.
Storing THETA tokens
You may choose a broad range of ERC-compliant features for the token, which is an ERC-20 token. Metamask is one of Theta’s most popular wallets due to its compatibility, ease of installation, and use; the wallet is the most popular ERC-20 option.
A hardware wallet is the best option if you want to invest significantly in Theta or if you plan to hold this cryptocurrency for a long time. Cryptocurrency wallets store your crypto offline and thus make it difficult for hackers to get at it. Theta (THETA) is supported by both the Ledger Nano S and the more advanced Ledger Nano X.
Theta stands at $1.69 within the 24-hour range with a Market Cap of $1,684,827,737. The total supply is at 1,000,000,000, and the circulating supply is at 1,000,000,000.
Is THETA a Good Investment?
CoinCodex’s technical analysis revealed 17 bullish signals versus 13 bearish signs. However, CoinCodex predicted that the price might drop to $1.18 by August 2nd and $1.16 by August 28th, which was a bearish THETA crypto prediction. Wallet Investor’s algorithm-based forecaster predicted that the token would drop to $0.142 by the end of 2022, making it a bearish price prediction for the long term. By the end of 2025, the price might fall to $0.00991 if it does not reach $0.173.
DigitalCoin, on the other hand, predicted that the price might go up based on past data. In 2022, the cost of DigitalCoin’s THETA coin is expected to fall to $1.76, to $2.59 in 2025, and finally to $6.09 by 2030.
Based on its advanced artificial intelligence-assisted technical analysis, PricePrediction is also optimistic about the THETA coin price prediction for 2030, expecting it to reach $39.23 from $5.61 in 2025 and $1.81 in 2022.
When making any THETA token price prediction, it’s vital to remember that cryptocurrency markets are highly volatile, and making predictions about a coin’s value in a few hours and even more difficult. As a result, predictions made by analysts and computer-based forecasters are regularly off the mark.
