THETA coin raised eyebrows when it rallied over 1,300% in 2021. This altcoin is one of the native tokens of the THETA platform. THETA is an innovative platform, which works for the streaming sector to provide technical and economic solutions for decentralized video streaming. Its meteoric rise has placed it among the top-50 cryptocurrencies (in terms of market cap). Current, it is the 34th largest cryptocurrency having a market cap of US$5.86 billion market cap.
Should you invest in THETA? This article will help you decide whether the THETA token is a good investment. What is the price analysis of this altcoin? What will be its price in the long run?
Let me walk you through THETA (THETA) so that you can decide whether you should invest in this token.
THETA Network is an innovative platform that provides incentives to users for using their spare bandwidth to relay videos on the platform. This network witnessed unprecedented growth in its base of users, which in turn resulted in the widening of the bandwidth. To help the Theta Network to function smoothly, two native coins were rolled out by the platform:
Mitch Liu and Jieyi Long founded the Theta Network back in 2018. The team behind Theta raised US$20 million by selling 30% of the 1 billion THETA tokens through a private token sale.
THETA Coin is the Theta Network’s utility token. The guardian nodes or the validators nodes can validate stake these coins to:
If you’re a user of the Theta Network, you can download the official Theta Wallet for holding or staking both the native tokens of this network: THETA token and TFUEL token. A micropayment system powers the wallet and enables both viewers and creators of content for sending and receiving the THETA tokens.
A Proof of Stake (PoS) mechanism known as Multi-Level BFT is followed by the network. This mechanism works faster than the Proof of Work (PoW) mechanism by limiting the node users.
The network has a Validator committee, which is a front line node group, that works on all transactions first. Once the Validator committee approves a transaction, it is passed on to the Guardian pool consisting of thousands of users. The transaction will reach the blockchain only when the Guardian pool validates it. That’s how it works and secures the Theta Network.
All these facts and figures (as of Oct 20, 2021) will help you to make a decision on investing in THETA:
You can buy THETA tokens from any popular cryptocurrency exchange such as:
The most popular Theta pairs are:
Enjin Coin price is hovering around US$5.86 at press time and it has increased by more than 198% in the last ten and half months.
By the end of 2021, the price of each THETA coin is expected to reach US$10.211.
By the end of 2022, the price of each THETA token is expected to hit US$18.696.
THETA’s price is expected to hit an all-time high price at US$31.599 in the next 5 years (by 2026).
Always remember that cryptocurrency investment advice always comes with the risk of loss. As prices of cryptocurrencies are highly volatile, you should be ready to consider the loss aspect too. If you can’t afford to lose money, crypto investment is not for you. Instead invest in fixed income assets. To be sure about your investment, always go through the fundamentals, technicals, and price history trends of the THETA Coin market. Once you are absolutely sure about investing, go through the THETA price prediction, and then invest.