The cryptocurrency industry has come a long way. However, the scenario has changed so much in just one year. Although the pandemic was a pain to almost every one of us, it came as a blessing to the crypto and blockchain industry. People across the globe started recognizing the working of the crypto industry and the benefits it holds. People have made a fortune by investing in many cryptocurrencies or digital assets that were not even known earlier. Now they know the potential of these tokens. This is the reason behind the surge in the global crypto market cap to cross $2 trillion today.
And having said that, non-fungible tokens (NFTs) are also not left behind and witnessing a high success rate. The market is now worth more than a billion dollars. NFTs can be anything digital (drawings, music, even a brain being downloaded and made into an AI), but the new buzz is focused on using the technology to sell digital art. NFTs are best described as one-of-a-kind digital assets that can be found in a wide range of industries, including digital art and virtual real estate, as well as collectibles, gaming, and more. Any type of media can be minted or tokenized and converted into an NFT.
Theta is the top NFT token today. It was launched in March 2018 and is a blockchain-powered network purpose-built for video streaming. With the deepening demand for NFTs since the start of 2021, THETA witnessed an unprecedented ROI.
Are you thinking of investing in Theta, but confused over a lot of things? Then this article is for you. This article will provide you with a summary of the Theta price forecast for 2021 and beyond (up to Theta price prediction 2025). Also, will help you decide whether it’s worth investing in Theta.
What Is Theta?
Theta, the top NFT token today, is currently ranked 15th in the CoinMarketCap’s ranking. Theta’s mainnet is a decentralized network on which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch, are advising the project.
According to the project’s creators, the project aims to shake up the video streaming industry in its current state, where centralization, weak infrastructure, and high costs result in a poor user experience. Due to the barriers between content creators and end-users, content creators often receive less money. Theta project aims to solve this disadvantage.
Theta employs a financial reward program to encourage user involvement in governance activities, and as a result, its network is protected by its users. To balance protection and high transaction throughput, the network uses proof-of-stake (PoS), and a multi-level Byzantine Fault Tolerance (BFT) consensus mechanism. Theta ensured that no single person owns the bulk of THETA tokens staked at any given time with the launch of Guardian nodes in June 2019.
How Is Theta Unique and Helpful?
For video content and data transmission, theta users have access to an international infrastructure. This open-source project offers esports, music, television/movies, education, business conferencing, peer-to-peer streaming, and other services. Furthermore, the platform’s decentralized design ensures that Theta is operated by users.
The extensibility and interoperability of the Theta network is another big advantage. The network supports the development of decentralized vertical applications (Dapps). These applications live at the top of the platform and use their high-tech toolset. In particular, SLIVER.tv was the first to start on the network. Users have an advantage to both watch network content and share network resources as rewards come in the form of TFUEL tokens.
What Is the Theta Token?
THETA is the governance token of the project. Particularly, THETA fulfills a variety of network governance tasks and counts thousands of community-run guardian nodes as validating companies in Google, Binance, Blockchain ventures, Gumi, Sony Europe, and Samsung. At the time of writing, the token holds a global market cap of $9 billion and trading at $9.
Tokens used in Theta: THETA and TFUEL. THETA exists for administration purposes only, with 5 TFUEL tokens issued on 1 THETA held in 2019 during the mainnet launch. THETA itself was introduced in 2018 and was then distributed to purchasers in Ethereum as an ERC-20 token. All the ERC-20 THETA tokens were subsequently transformed into native mainnet THETA.
The total THETA supply is limited to 1 billion tokens (1 million thousand) and is distributed among all network members and the Theta team and a Backup Pool in different proportions.
Technical Analysis for Theta
Recap: Price of Theta in 2020
THETA first appeared on crypto exchanges at the price of $0.15 after the ICO in January 2018. Since prices were increasing mostly strongly, on January 27, 2018, THETA took the lead in reaching an all-time high of $0.31. In 2020, the price of the Theta token was $0.08, and it eventually came up to $1.69 on 31st December 2020. Therefore, it won’t be wrong to say that the token performed significantly well during the pandemic year.
2020 was quite a successful year for the token. From a market cap of $91 million at the end of January in 2020, it went on to hold a global market of more than $1 billion by the end of the year. And today its total value is up to $9 billion at the time of writing.
Factors Affecting the Price of Theta
There are a lot of reasons that support Theta to be a potential token in the future. And this is why the charts have been quite green for the token. Theta’s unique blockchain adds up to the list. Theta Blockchain is unique in that it was created to facilitate network bandwidth sharing and to promote users in exchange for token incentives to contribute their excess bandwidth and computing resources.
Moreover, Theta is expected to rapidly exceed $15 and hit another all-time high. New alliances for THETA have propelled a network before their competitors, particularly as THETA has over 50 days more active CPUs compared to Microsoft and Nvidia.
Theta Price Prediction 2021
Theta coin’s price is already skyrocketing this year for all the good reasons. It was even able to land as the 10th largest cryptocurrency in the market. At that time, Theta’s total worth was around $12.4 billion, beating out Filecoin, Chainlink, USD Coin, Bitcoin Cash, and Dogecoin.
The predictions are still positive for the token this year. Theta has shown an increasing trend, so we assume that similar market segments in that time frame were very common. According to different predictions, future asset prices are estimated at $17,638167 (43.33%) after one year. THETA will hit the price of $20 in no time if the bullish trend continues.
Although in the last three months Theta has grown by over 500%, its market cap will rise in uncertainty. Theta can beat market caps that amount to some $13.3 billion and $14.6 billion of Litecoin and Uniswap, respectively. However, Theta is hard to see with market caps of nearly $40 billion, beating off Cardano or Tether.
Theta Price Prediction 2022
The predictions for the token are all positive. The year 2022 holds a lot for the token. Its price is expected to reach as high as $21.56 in 2022. Moreover, the coin has started to attract a good number of investors. Following Grayscale’s institutional investment lead, Sierra Ventures, Heuristic Capital, VR Fund, and GFR Fund invested more than $100 million in THETA. Furthermore, if the vigorous bullish rally persists, THETA could possibly hit a skyrocketing price of $50 in 2022.
Theta Price Prediction for the Next 5 Years
If we look at the performance of the coin and the growing attention of the coin in the case of investment, then it will be easy to predict that this upward trajectory of Theta is expected to continue in the long run. If not anything, expect the price of the token to rally above $50 by the end of 2025. And when the price continues to show a bullish trend like this, marketers will get more interested in it, and eventually lead to an increase in more trading and price.
Theta Price Prediction by Market
As cryptocurrencies continue to grow in value, the crypto space continues to astound investors across the world. The Theta Network (THETA) is becoming one of the most fascinating digital assets. In a record-breaking achievement, the THETA coin has risen by almost 20,000% in the last 12 months. It also has a high 24-hour trading volume. THETA is one of the most common cryptocurrencies to go for this season, based on the predictions and numbers.
This is why this token has finally got the attention of the market and some of the most significant market predictions are given below:
Digital Coin Price
The platform asserts that THETA price will increase according to their predictions, and there will not be downwards pressure based on estimated prediction. They state that Theta is one of the most promising investments today in the crypto space. In 2021 the price can reach $18.65 and by 2025, the price can reach $35.59, according to the site.
Wallet Investor release technical research that could be used to forecast potential values for a wide range of digital coins, including THETA. On April 19, the THETA price was 12.104 USD. According to their team, if you purchase THETA today for $100, you will receive a total of 8.262 THETA. According to their projections, a long-term rise is anticipated, with a price estimate of 68.893 US Dollars until April 18, 2026. The return is estimated to be around +469.17% after a 5-year investment. In 2026, your present $100 investment will be worth $569.17.
Based on historical Theta network price results, they estimate the price will be $8.43972 by the end of 2021. It could also be $10.3175 by today, precisely one year later. The highest level Theta network price could hit in the next three years is $60.3973, and the lowest level Theta network price could be $5.21575.
Given a skeptical analysis the site mentioned, Theta price can restart its bullish trend as investors eye the next main resistance level at $15, which is roughly 20% higher than where it is now. This pattern would be invalidated if the price falls below the lower line of the pennant.
Theta is one of the most rapidly expanding blockchain ventures. Indeed, the Theta price has increased by more than 550% this year alone, and by more than 14,000% in the last year. To begin, the Theta Network is a platform supported by Samsung and Sony to disrupt the video-sharing industry.
Theta price forecast between 2021 and 2025 indicates a favorable outlook for the coin, making it a lucrative long-term investment. The more the blockchain platform develops, the more the token is expected to gain popularity and hence an increase in the price. Nevertheless, all the price predictions and analyses say that at this moment, or even in a long run, this token holds a good investment opportunity.