If you haven’t heard about Theta (THETA) crypto, it is important to note that the THETA project is focused on the video streaming industry, which is currently one of the hottest sectors with Netflix and YouTube breaking records with subscriptions and the overall number of visitors. The fact that THETA is related to the video streaming industry, aiming to decentralize the sector, might explain how this crypto generated 9000% of returns to investors since its lowest low in 2020. Theta has been around since 2018, currently trading as the 11th top cryptocurrency on the list of all cryptos. What is Theta and how well is THETA performing in the market?
What is Theta (THETA)?
Theta (THETA) is a cryptocurrency and a blockchain project focused on decentralizing the video streaming industry. Theta aims to change the traditional model of video streaming services by decentralizing it and allowing users to earn THETA coins for renting bandwidth and computing resources. That way, users can monetize using video streaming platforms through decentralization. It seems that this trend in development is catching on if it is to judge by the rises and gains showcased by THETA. Theta is reading some exceptional gains and had just set a new all-time high at the value of 10.64$ on March 22nd, which is somewhat expected based on its bullish pace and continuous gains. At this rate, THETA might be able to double its price by the end of the year, which is how we are setting the next price target at 20$ for THETA.
Theta (THETA) Price Analysis for March 16th to 22nd, 2021
- THETA is trading at the price of 10.64$, which is its latest ATH
- The weekly chart is showing 38.5% of gains
- The lowest price for the week is 6.76$
- The highest price for the week is its current ATH
- The yearly chart is showing exceptional returns of 14,182%, making THETA one of the top gaining cryptos for the year
Image credits: Cover photo taken from Medium, Paradigm
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