$THETA/USDT is a token of platform THETA Network. Its current price is around $5.68 by the time of writing, was at $1.31 at the start of 2021, and has a market cap of 5 billion dollars.
What is THETA Network?
The THETA Network is a decentralized video-sharing platform that will allow video producers to share their work with the world. Its native coin is THETA. Mitch Liu founded it in 2017. It aims to become the world’s first decentralized blockchain-based content-creation platform.
The idea behind the THETA Network is to create a platform where any producer can share their content with as many viewers as possible without being censored or needing extensive development knowledge. It also provides API services to developers and companies for their decentralized applications. The THETA Network is an open network that utilizes blockchain technology to offer everybody a fair, transparent, and decentralized platform.
What is $THETA?
$THETA/USDT is the coin of the THETA Network platform, around $5.68 by the time of writing, which was $1.31 at the start of 2021. Its current ranking is #36, with a market cap of 5 billion dollars.
It reached a high of $15.90 in 2021 with $1.31. The THETA coin is a digital currency that is the backbone of the THETA ecosystem. The THETA coin is designed to incentivize creators of high-quality content on the platform. The more popular your post is with other users, the more coins you’ll earn. Its goal was to create an ecosystem where all collaborators, including the users, would be rewarded.
$THETA Coin Market Analysis
It has a max supply of 1,000,000,000 coins worth around $5.68 with a market volume of 386 million dollars, whereas the market capitalization is 5 billion dollars at writing.
$THETA Price Prediction
Theta was in a dip and the same as ADA on the 4H timeframe. It broke the resistance and made some strong movements next zone to look forward is $6.2 resistance.
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Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.