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THETA Coin Price Prediction: What is It? Should you Invest in THETA Tokens?

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. 

What is THETA Network?

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:

  • THETA coin: It is used as the network’s utility token. You can vote for the network’s improvement. 
  • TFUEL: It is used for executing transactions.

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.

What is THETA Coin? How does it Work?

THETA Coin is the Theta Network’s utility token. The guardian nodes or the validators nodes can validate stake these coins to:

  • Validate transactions  
  • Produce blocks
  • Vote on the network’s improvement
  • Earn TFUEL as rewards

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. 

THETA (THETA): Facts & Figures

All these facts and figures (as of Oct 20, 2021) will help you to make a decision on investing in THETA:

  • THETA Price: US$5.86
  • Trading Volume (24h volume): US$125,046,740
  • All-Time High (ATH) Price: US$15.90 (reached on Apr 16, 2021)
  • All Time Low (ATL) Price: US$0.03977 (reached on Mar 13, 2020)
  • 24h Low: US$5.85
  • 7d Low: US$5.62
  • YTD (Year-To-Date) Return: 198.09% YTD (Year-To-Date)
  • Market Cap: US$5,864,115,772
  • Crypto Rank (in terms of market cap): 34
  • Fully Diluted Market Cap: US$5,864,115,772
  • Max Supply: 1,000,000,000
  • Total Supply: 1,000,000,000
  • Circulating Supply: 1.0 Billion THETA (100%)

Where to Buy THETA?

You can buy THETA tokens from any popular cryptocurrency exchange such as:

  • Bithumb
  • KuCoin 
  • OKEx
  • Binance, and many more.

The most popular Theta pairs are:

  • THETA/SGD, and many more.

THETA (THETA) Price Prediction

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. 

THETA Price Prediction 2021 End

By the end of 2021, the price of each THETA coin is expected to reach US$10.211. 

THETA Coin Price Prediction 2022

By the end of 2022, the price of each THETA token is expected to hit US$18.696. 

THETA Price Forecast in the Next 5 Years (2025-2026)

THETA’s price is expected to hit an all-time high price at US$31.599 in the next 5 years (by 2026). 

Final Words

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.