Theta token up 6.5% at $3.23

Theta Network’s Theta token is up 6.5% at $3.23 in the last 24 hours with a 24-hour trading volume of $201,657,545, based on CoinGecko’s latest monitoring.

Theta has a circulating supply of 1 billion coins and a max supply of 1 billion. It has a market cap of $3,254,651,966 (ranked 28), with Binance as its current most active market trading crypto.

Theta USD (THETA-USD) is currently on bullish momentum. At 21:08 EST on Friday, Theta USD is at $3.11 and up by 5.2% in the last six hours, with a higher value of $3.11 and a lower value of $2.96, according to VIA News.

Theta has 10 Buys, 8 Neutrals, and 8 Sells on CoinGecko’s 1-hour technical analysis meter, as of Saturday noon.

Leading decentralized video delivery network

Theta is a decentralized video delivery network powered by users and an innovative new blockchain.

It is an open-source protocol purpose-built to power the decentralized streaming network and allows for vertical decentralized apps (DApps) to be built on top of the platform to enable TV/movies, music, esports, education, enterprise conferencing, peer-to-peer (P2P) streaming, and more.

Last week, Theta Network — a protocol that enables users to watch digital content, like esports, using the blockchain — announced the minting of limited collectible NASA-themed non-fungible tokens (NFTs) on its live streaming site Theta.tv, as part of celebrations of the Perseverance rover landing on Mars.

Strong ascent

The Theta Network protocol’s native token Theta rallied by a staggering 180% from $0.867 to $1.92 within two weeks between Dec. 20 and Jan. 2, outperforming top crypto bitcoin (BTC), which continues to climb to new highs.

Three reasons for Theta’s recent price rally include a plan to engage with DeFi through its Theta DEX, the addition of Smart Contract capabilities, and NFTs to its blockchain.

In the last two months, the price of Theta has soared by more than 350%, advancing from $0.66 on Dec.10 to a new all-time high of $3.44 on Feb. 14, according to CoinTelegraph.

 

Image courtesy of Altcoin Buzz/YouTube 

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