THETA & TFUEL: Could They Break New Highs??

👨‍🏫Theta Recap👨‍🏫

Theta is a project by Theta Labs, a software company based in San Francisco that specializes in decentralized video delivery In contrast to centralized delivery networks which broadcast video content from a centralized server, Theta uses a network of nodes to relay video content to viewers TFUEL is used to pay for any transaction fees on the Theta blockchain, and the THETA token is used for staking and will eventually be used for governance

👩‍💻Theta 3.0👩‍💻

Theta 3.0 will make it possible for edge nodes to stake TFUEL and become elite edge nodes that will earn extra TFUEL TFUEL staking rewards will be distributed based on network uptime and the amount of TFUEL staked. As a cherry on top, 25% of all transaction fees made on Theta’s Edgecast network will be burned Since TFUEL is used to pay for these fees, it means that TFUEL could theoretically become a deflationary asset with enough transactions on the Theta Edgecast network

📰Theta Updates📰

In early December 2020, Theta enabled its smart contract functionality and released the Theta browser extension wallet that makes it possible to interact with dApps built on Theta In January this year, Theta Labs introduced video transcoding to the Theta Edge Network. This involves converting the format of a video stream so that it be viewed on different devices In March, Sony’s European arm became a validator on the Theta blockchain, and Theta Labs also secured their second US patent

📈THETA Price Analysis📉

Theta recently hit an all time high of 15 dollars, which is a 20x move from December’s price if you had sold the top, and a 200x move if you had bought Theta this time last year Besides the much-anticipated launch of Theta 3.0, Bitcoin dominance has also been dropping over the last couple of weeks while the total crypto market cap has continued to grow – money into alts Even though there could be more buying pressure for Theta from any enterprises wanting to secure one of the remaining 16 validator node slots, Theta has likely seen most of its growth for this market

📊TFUEL Price Analysis📊

TFUEL has gone up by a modest 30x since last fall and is up about 250x since this time last year. However, TFUEL’s market cap is less than a fifth of Theta’s, meaning it has a lot more room to grow If Theta’s goal of 100 thousand elite edge nodes is achieved, this would work out to 1 billion TFUEL staked, and that’s assuming all these elite edge nodes stake the minimum amount Given that TFUEL’s total supply is around 5.2 billion, a demand of 1 billion TFUEL would do wonders for its price. However, the delay of Theta 3.0 means we may not see this price action until the summer

⌛Theta Risks & Roadmap⌛

In the cryptocurrency space, Theta seems to be the undisputed leader in decentralized streaming and has even partnered with many up and coming decentralized streaming protocols such as Moviebloc Outside of the cryptocurrency space, Theta’s head of strategy Wes Levitt recently explained that enterprises are looking to integrate with Theta rather than kill it Wes highlighted a bigger issue however, and that’s balancing the desire of institutions and regular users when it comes to the future of Theta

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.