Most of the cryptocurrencies focused their attention on blockchain and DeFi, and also, they focused their attention on data storage, handling and transaction. Theta is the most-talked about and high-ranked cryptocurrency in the market. Let’s analyze Theta price prediction for the future for a great investment goal.
THETA Quick Introduction
Theta cryptocurrency began its journey as a dwarf among giants with its low market cap, yet, the coin grew to what it is now, and it is no longer under the radar of ‘underdog’. Moreover, with its unique and potentially valuable real-world use cases, it projected massive growth in the crypto market. As a result, it stole the thunder from the high-ranking crypto projects and now indicates a clear long-term bull run.
Theta token is the native token for Theta Decentralized Network, a public and open-source protocol focused on driving the next generation of content streaming platforms. Theta’s applications focus on TV/Movies, eSports, enterprise conferencing, music, educative, and streaming content. The network allows building dApps (decentralized apps) on its platform to deliver content services. Theta Labs is the company behind the project, and it was recently awarded a patent for the decentralized CDN concept. Therefore, potential competitors in the market to Theta have a serious hurdle to overcome. Let’s take a look at the current details of Theta.
| Cryptocurrency | THETA |
| Ticker Symbol | THETA |
| Price | $1.27 |
| Price Change 24h | -5.85% |
| Price Change 7d | +8.84% |
| Market cap | $1,164,382,032 |
| Circulating Supply | 1,000,000,000 THETA |
| Trading Volume | $51,612,820 |
| All time high | $15.90 |
| All time low | $0.03977 |
| THETA ROI | +651.93% |
THETA’s Influence In The Market
Theta empowers the decentralized video delivery network with its innovative blockchain technology. Co-Founder of YouTube, Mr Steve Chen, said, “I am eager and glad to be an important role player in the emerging landscape of video streaming. Now that technology has started being the dominant factor in the decentralized peer-to-peer network, Theta shall harness most of it.” Theta’s partnership with ONE Championship to establish a new NFT marketplace is a game-changing step for the network.
Theta Network is continuously searching to acquire partnerships that will bolster its popularity and help the network gain more awareness, particularly in Hollywood studios. On 17th December 2021, they announced a collaboration with Junkin Media for blockchain video delivery and NFTs. Theta Network also shook hands with meter.io on 9th October 2021. The partnership is anticipated to boost the transfer of assets securely across blockchains. Also Theta partnered with Sony to launch 3D NFTs. In addition, Theta has been released on a mainnet 3.0. The whitepaper is available here. Finally, the Theta network now supports decentralized NFTs, with Open Theta being the first marketplace for decentralized NFTs.
Theta shows a promising future as a new gaming and online video broadcasting industry player. Viewers are rewarded with tokens for their watch time to ads and streamers with THETA coins. These rewards can be exchanged on Theta package Exchanges (TPX), where companies can buy data packages, ad space, or tips from streamers. Theta has taken steps to burn tokens as an economic boost to the circulating supply of tokens. Currently, 25% of TFUEL is burnt for the operation fee on Theta’s blockchain. TFUEL is used to pay out rewards to the Edge Nodes. Theta updates the operation fee on blockchain ‘Theta Mainnet 3.0’; this step from Theta will help reduce the available supply and increase demand and higher prices. Projects like HarkTV, ThetaScan, ThetaNext, and upcoming Theta Hackathons are expected to add more value to the development of the token.
THETA Price Prediction: Technical Analysis And Price History
Theta is currently trading at $1.26 with a market capitalization of $1,270,834,998. Theta network is presently ranked at 42 in terms of market capitalization.
By looking at the lifetime price graph of Theta Token, it clearly indicates Theta is in the stablecoin category. Since its launch, this coin’s consistency in price fluctuation is up to the mark. In 2020, Theta started to move and broke the $0.20 barrier in May 2020, hit $0.70 in early December and crossed $1 for the first time on 22nd December. It touched $2.1 on 5th January 2021 and $3.19 on 14th February. At the end of February, it closed near $3.10. In March, it pumped further, ending the month at $12.21, an increase of more than 293%. Theta reached an all-time high of $15 on 16th April 2021. Now due to the recent market crash and LUNA crash, it is in bearish mode, making a good opportunity for investors to hop in.
The Bollinger band’s upper limit is $1.545, a strong resistance for Theta, and the Bollinger band’s lower limit is $0.95, a crucial support for the coin. As the market is gaining momentum, we expect Theta’s price to increase as bulls are back in the game in the upcoming months.
By the end of this month, we can see a price of $1.3, and by 2022, the price can surge to $2. With its fundamentals and developments, the price is expected to go up to $5 by 2025. In 2030, the price may project its growth to $27.
THETA Price Prediction: From Experts
According to Wallet Investor’s analysis, a long-term increase is expected. The price prognosis for 2026 is $20.560. With a 5-year investment, the revenue is expected to be around +535.55%.
Gov Capital predicts the THETA price will tend to face heat till 2022. Then, going by predictions that bulls may be back, THETA price should end up slightly higher, say by 2024, $28.21295 at best.
What is THETA’s Future Potential? When Should You Buy?
The future potential of Theta looks promising as it is bringing more partners to its network. Theta network proved to be one of the most dominating investments in its price history. We predict that it can be a good investment for the future too. This is the perfect time to buy Theta as it is bearish. We don’t know if it goes up to 10x tomorrow, and you miss it.
Conclusion
Theta network runs by incredible technology and business partners with a vast experience in cryptography. In addition, the ecosystem is proud to have a diverse portfolio of credible media advisors, including YouTube co-founder and CEO Steve Chen. Furthermore, the network recently solved one of the biggest challenges digital media platforms face in streaming is great high-quality video content. As a result, the global video streaming industry is projected to grow at an annual rate of 20%. The partnership to fulfill NFT goals looks promising as NFTs are gaining more daily popularity. It is expected that all these developments will surely add value to the token. However, it is advised to conduct experts’ opinions before investing in the market.