The current year has brought significant changes to the list of the largest cryptocurrency assets. The Theta Network’s own token (THETA) is today in the top 10 of the market with a capitalization of about $ 12 billion. In the process, THETA moved Chainlink (LINK) to the eleventh line.
Over the past month, THETA has risen in price three times, and growth compared to the levels of a year ago is more than 18,000%. Last March 1 THETA could be bought for seven cents. Now the token price is almost $ 12.
Theta Network is a blockchain network dedicated to streaming video content. Project consultants include the co-founders of YouTube and Twitch. The THETA token is used to manage the platform. Theta Network’s corporate validators are companies such as Google, Binance, Blockchain Ventures, Gumi, Sony Europe and Samsung. Also, with the help of THETA, you can send donations to streamers and unlock premium content.
In addition to THETA, Theta Fuel token (TFUEL) is present in Theta Network. It shows even more impressive results – the rise per day is 42%, per month – 450%, and over the year – more than 30,000%. At the same time, TFUEL has a lower cost – $ 0.48. Multiplied by the turnover volume, it gives a capitalization of $ 2.5 billion, which puts TFUEL in the 40th place in the market.
The growth of both tokens comes in anticipation of the launch of the Theta Network version 3.0, in which node holders will be able to stake TFUEL.
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