Cryptocurrency Price Prediction

Theta Price Prediction: Will THETA Price Claim The $20 Mark This 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Apr 15, 2022

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Theta Network is an innovative platform that aims to work for the streaming sector. By providing technical and economic solutions for decentralized video streaming. Theta Network incentivizes the users who relay videos on the platform on their spare bandwidth.

 For the linear functioning of the Theta Network, the platform had rolled out two cryptocurrencies. Namely, THETA coin, and TFUEL. While the THETA coin is used as a utility token to vote for the betterment of the network, TFUEL is used, to execute transactions.

Theta’s price rally had raised many eyebrows in 2021. As the altcoin showcased a magnificent price surge by gaining more than 1300% growth. Investors and traders are keen on Theta’s rally and are hopeful of a bullish spike in future. Are you keen on THETA’s projections? Look no further, as we decode its price prediction for 2022 and the years to come.

Overview

CryptocurrencyTheta
TokenTHETA
Price$ 0.0000
Market cap$ 1,098,708,508.0000
Circulating Supply$ 1,000,000,000.0000
Trading Volume $ 78,084,322.0000
All time high$ 15.7200 Apr 16, 2021
All time low$ 0.0404 Mar 13, 2020

Theta (THETA) Price Prediction For 2022 

Potential LowAverage PricePotential High
$9.726$13.528$16.785

 Theta’s price has fairly been in a downtrend over the past year. The digital asset had made its way to 2022, with its trading value at $4.751. The price had further swung down to $3.702 by the 10th of January. Whilst the altcoin did pose a leg-up to reach $4.65 by the 20th of January. It witnessed a 50% fall over the next two days, lashing the price down to $2.262

After moving sideways until the 5th of February, Theta broke above its resistance at $3.068. Which took the price to its local top of $4.385, by the 11th of February. After hovering closer to its $4 mark until the 17th of February. The price of the digital asset failed to hold onto its levels amidst the market-wide fall. Which dragged the price down to its bottom at $2.653.

On the 28th of February, the altcoin showcased a single-day spike of 30% to brush the levels at $3.409. The spike was short-lived as the price took a downswing again. An uptrend starting from the 23rd of March took the price to its quarterly closure at $4.410

THETA’s Price Prediction For Q2

 Picking up steam from current levels of $3.05, the altcoin would need to establish firm grounds at $3.653. A bullish leg-up from which could take the price to its potential high of $5.972. That said increasing volumes and positive sentiments would help the asset clear the mid-way hurdles at $3.922 and $4.947

On the contrary, bears out-weighing the bulls, followed by negative sentiments could clutch the price down to $3.531. That said, regular trade activities could settle the price at $4.385

Theta’s Forecast For Q3

The happenings in the network’s utility could be a major driving force behind the propulsion of the price. The move towards NFTs and Web 3.0, collaborations with global giants, and reality shows could push the price to $10.469. Which, however, would follow after clearing the hurdles at $6.898 and $8.057.

That said, the protocol failing to stand tall to its anticipations, could result in a plunge to its potential low of $4.765. Factoring in the maximum and minimum price targets, the average price could fall to $7.594.

Prediction For Q4 

The optimistic approach in the fourth quarter, coming from positive social sentiments could drive in the necessary volumes. As a result of which the price could chug to its quarterly high of $16.785. Conversely, negative social sentiments and criticism could result in a potential low of $9.726. That said, an equilibrium in buying and selling pressures should settle the price at $13.528

THETA’s Price Forecast For 2023

If the year 2023 hosts notable developmental upgrades and initiatives, the result of which, would reflect on the price of THETA. That coupled with a growing userbase should push the price to its maximum target of $27.336. That said, a possible market crash and uncertainty would slash the price down to $18.493

Price Prediction For The Next 5 Years 

In the next five years, if Theta plans for new collaborations and partnerships with renowned organizations, the price might surge substantially. If the network gains huge popularity, then by the end of five years, the price could hike to $39.85.

If Theta still remains working on new updates and improvements. And if it hasn’t brought anything to work, then the price might trade on average at $27.113.

Theta has its ICO very private and centralized, which is posing a negative effect on the network. If theta does not work on improving this and sticks to the current Initial coin exchange mechanism. It might lose a significant surge possibility and might even fall to a minimum figure of $23.922

YearPotential LowPotential High
2023$18.493$27.336
Next 5 Years$23.922.$39.85

What Does the Market Say?

Digital Coin Price

  According to the forecast of Digital Coin Price. Theta price is expected to hit a maximum of $4.26 by the end of 2022. The analysts from the firm foresee the possibility of it reaching a minimum of $3.71 and an average of $3.95. Digital Coin Price has also made predictions for the long term, it expects the price to hit a maximum of $6.71, by the end of 2025. 

Wallet Investor 

 Wallet Investor has made a relatively bearish prediction for Theta. The analytics firm expects the price to hit a maximum of $2.928 by the end of 2022. The analysts from Wallet Investor anticipate Theta to close its annual trade for 2022 with a minimum price of $0.8062.

Gov.Capital 

As per the predictions made by Gov.Capital, Theta price is expected to hit a maximum of $4.1906 by the end of 2022. Meanwhile, the minimum and maximum targets for the year are set at $3.644 and $3.097. The firm has made bullish predictions for the long term. It expects Theta to close its trade for 2023 with a maximum of $12.652. And 2025 with a maximum of $36.433. 

To read our price prediction of Elrond (EGLD) click here!

What Is THETA Coin?

The THETA Coin is a utility token of the Theta Network founded by Mitch Liu and Jieyi Long in 2018. The team held a private token sale and sold 30% of 1 billion THETA coins raising $20 million. The coin can be staked by the validators nodes or guardian nodes. It also allows nodes to validate transactions, produce blocks, vote on the betterment of the network and also earn TFUEL as rewards. 

The network users can download the official Theta Wallet to hold or stake THETA and TFUEL tokens. The wallet is also powered by a micropayment system. It is the one that enables the content viewers and creators to send and receive the tokens. 

The network follows the Proof of Stake mechanism which is also called Multi-Level BFT, by them. But, What’s so special about this? It lies in the fact that, Unlike the proof of work, this consensus method works at a higher speed. Theta achieves rapid speed by limiting the node users.

 A front line group of nodes which they call the Validator committee works on every transaction first. Following this, they approve and it reaches the second set of nodes, which consists of thousands of users and is called the Guardian pool. Further validation from this group will let the transaction reach its blockchain. 

Fundamental Analysis

While many wonder, what is the difference between THETA and TFUEL, here is the answer put down in simpler words. The Theta token is the governance token of the network. It involves the staking process, where the users will earn a profit in the form of the other native token. And, Theta Fuel is the Utility token and also a gas token

TFUEL works on many undertakings in the Theta Network. It is also given away as incentives to users who share their extra bandwidth or computing power for video streams. While most crypto giants have only a single token or coin. Many wonder what’s the purpose of the second token in a network? The advent of TFUEL made sure the Theta token has a key and specific function only which is staking.

On the other hand, if the network did not introduce TFUEL, a secondary token. Over some time Theta tokens will lose the circulating supply because they are involved in staking. But since the network is based on streaming high-quality videos, a liquid token is necessary. That was the prime reason why a dual token system landed its foot in the Theta network. 

Know Our Price Prediction

 According to Coinpedia’s formulated Theta price prediction, a strong partnership base like Samsung VR can drive Theta to top better heights. Secondly, If the theta network works on its improved security and partners with giants. Then we can expect new enhancements and reduced fees on Theta. 

If this happens, the price of the Theta token will drastically rise and might hit $16.5 by the end of 2022. However, if the project remains under development in the coming months, investors may withdraw from the network due to increasing FUD. Also, any celebrity comments or controversies in future can cause the market to collapse. In such a case, the price might hit the lows at $9.8 by the end of 2022.

How Did THETA Perform Previously?

2018

THETA Coin initiated its trade in early 2018 with less than $0.2 and trended within similar regions till the mid of 2020. The price however spiked above $0.2 in May 2018 but dropped below $2 in June 2018. The price further lost momentum and declined below $1 by August and maintained a similar trend till the end of 2018.

2019

The price traded below $0.1 until the end of February 2019 and successfully traded above the levels. Including some decline below $1, the price maintained above these levels throughout the year. But woefully slipped below $1 to end the year 2019.

2020

The price initiated the trade below $1 and quickly gained momentum and surpassed $1 and went on raising. By mid of 2020, the price surged above $0.4 and dropped from $0.23 to $0.25 until August. When the price jumped above $0.3. By the end of August, the price hit $0.55 and jumped above $0.7 in November. And ended the year by surpassing $1.5.

2021

The start of 2021 was very bullish for the asset as it initiated the trade above $2 and surpassed $3 by the mid of February 2021. Soon the price initiated an uptrend, being at the foot of the hill, the price spike and reached $14.5 marking yearly highs and entering a small correction phase. The price kept trading above $12 and eventually on April 16, 2021, smashed the all-time high at $15.90. 

After the price brushed the ATH, the digital asset slipped about 45% to reach $8.653 by the 25th of April. Post a quick rebound the price reclaimed its levels at $13.217. The spike was short-lived as Theta lost its firm hold, which led to a downswing taking the price to $3.831. After beating around the bush, the price of the altcoin surged to $9.649, by the 3rd of June. 

The next downtrend was seen on the 21st of June, which opened up the 4-month low of $3.52 by the 20th of July. The next uptrend took the price to $4.261 by the 6th of September. Theta’s price was seen moving in a parallel channel until the 4th of December when it dropped to $3.831. The downtrend led to the annual closure at $5.072. 

Click here to read our price prediction of Stellar (XMR)!

FAQ’s

Q: What are the issues addressed by the Theta Network?

A: Theta Network is built mainly to address issues related to video streaming on their platform. The users who stream videos are rewarded with TFUEL coins.

Q: Where can I buy Theta Coin?

A: Theta Coin can be bought from various exchanges like Binance, Coinbase, OKEx, KuCoin, etc.

Q: Can I stake Theta Coin?

A: Yes, one can hold and stake THETA coins from the official Theta wallet. 

Q: How high could the price of Theta surge by the end of 2022?

A: The price of Theta could surge to a maximum of $16.785, by the end of 2022.

Q: What could be the minimum price of Theta By the end of the next five years?

A: The digital asset could rise to a minimum of $39.85, by the end of the next five years.

Disclaimer: This piece of article is only for informational purposes. It is not trading or financial advice.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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