The sustained bullish performance from Bitcoin (BTC) and Ether (ETH) has increased the confidence of crypto investors and many are now looking deeper into projects that have strong fundamentals and offer real-world use cases.
This week investors turned their attention to Theta (THETA), a decentralized network that allows users to share bandwidth and computing resources in order to stream video. In the last two months THETA price has increased by more than 350%, rallying from $0.66 on Dec.10 to a new all-time high of $3.44 on Feb.13.
THETA/USDT 4-hour chart. Source: TradingView
Three reasons for Theta’s recent price growth include the project’s plan to engage with DeFi through its Theta DEX, the addition of smart contract capabilities and NFTs to its blockchain and a growing list of high-level partnerships that will help bring quality content to its video streaming network.
Community engagement via non-fungible tokens
Following the success of CryptoKitties during the 2017-2018 bull market, non-fungible tokens (NFT) have become a recurring hot topic inTitle: 3 reasons why Theta price hit a new all-time high at $3.49
Sourced From: cointelegraph.com/news/3-reasons-why-theta-price-hit-a-new-all-time-high-at-3-49
Published Date: Sun, 14 Feb 2021 02:00:00 +0000