Theta price rally raised many eyebrows in 2021 that showcased a magnificent price surge by gaining more than 1300% growth. This is an innovative platform that aims to work for the streaming sector providing technical and economic solutions for decentralized video streaming.
Theta Network incentivizes their users who relay videos on the platform on their spare bandwidth. As this year the platform witnessed growth in the user base, resulting in widening of the bandwidth and hence improving the streaming quality of videos on the platform.
For smooth functioning of the Theta Network, the platform rolled out two cryptocurrencies, THETA coin, used as a utility token to vote for the betterment of the network and TFUEL, to execute transactions.
After a brief introduction of Theta Network, now let’s move on to the insights of THETA coin. The price rally has attracted many nowadays and hence the further price movements are on the spot light. If you are thinking of holding some THETA coins but unsure about the future price movements, then this piece of writing would help to answer all your queries.
Table of contents
|All Time High||$15.90 ( April 16, 2021)|
|All Time Low||$0.03977 ( March 13, 2020)|
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.
THETA 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 with a micropayment system that enables the content viewers and creators to send and receive THETA.
THETA Price Prediction 2021
Currently, the THETA price is trading around $13.53, maintaining a continuous uptrend. Considering the huge bullish market sentiments and momentum, the price may hit $20 very soon in 2021. But the path towards $20 appears not so smooth, as the correction and retracement phase cannot be ruled out. And therefore, by the end of 2021, the price may trade within $18 to $20.
THETA Price Prediction 2022
The price at the start of 2022 may experience a slight pull back around $15 to $17 and attempt very hard to smash $20. Further, the price is expected to maintain a similar price movement throughout the year before rallying above $20. By the end of 2022, the price may trade in between $18 to $25.
THETA Price Prediction For Next 5 Years
Considering a steady price movement, the price may trade in between $25 to $35 for the coming years. However, the possibility of a bull rally cannot be neglected and in such a scenario, the price may also hit $50. However, the bull rally always includes a correction phase with slight pull back. But in the coming five years the price is expected to spike and maintain a constant uptrend.
THETA Market Prediction
- Digital coin price
According to this platform, THETA price may spike and hit $20 by the end of 2021. The price may jump close to $30 by 2023 and surge above $35 by the end of 2024. And by the end of 2025, the price may even trade close to $40.
- Wallet Investor
Wallet Investor predicts a similar price movement and trade within the similar range till the mid of 2021. However, in the coming five years the future price predicted by this platform is around $46 by 2026.
According to Gov.Capital, the THETA price may trade in between $16 and $19 by the end of 2022. By the end of 2022 the price is expected to hit more than 20$ around $24. By the end of 2025, the price prediction is around $33 to $38.
Our Price Prediction
THETA price in the current year has grown more than 1000% and hence if the similar price movement is considered, then the price may hit $20 in 2021. However, considering a bear market or small corrections, the price prediction of THETA coin for the next 5 years would be around $45 to $55.
Historical Price Sentiments
THETA Coin initiated its trade in early 2018 with less than $0.2 and trended within the 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 the momentum and declined below $1 by August and maintained a similar trend till the end of 2018.
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 and woefully slipped below $1 to end the year 2019.
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 to $0.23 to $0.25 until August, where 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.
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 entered a small correction phase. The price kept trading above $12 and eventually on April 16, 2021 smashed the all time high at $15.90.
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.
THETA maintained a calm rally till the end of 2020 and intensified heavily since the beginning of 2021. It rallied more than 1000% and hence increased the average returns. Therefore a decent and a spike average returns can be expected.
The bullish momentum is surrounding the THETA Coin and the network which may propel the price to form new highs very soon.
Theta Coin can be bought from various exchanges like Binance, Coinbase, etc.
Yes, one can hold and stake THETA coins from the official Theta wallet.