Why THETA price is up 180% in two weeks, outperforming even Bitcoin
Theta price gained 180% in merely two weeks as several highly-anticipated announcements were behind the rally. The Theta Network is a protocol that enables users to watch digital content, like esports, using the blockchain. The protocol’s native token THETA rose by 180% from $0.867 to $1.92 within two weeks between Dec. 20 and Jan. 2 to outperform even Bitcoin (BTC), which continues to soar to new price discovery highs.THETA/USDT 1-day candle chart (Binance). Source: TradingView.comTheta Mainnet 3.0 roadmap was the main catalystTypically, the native tokens of blockchain protocols tend to....
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Theta network was trading at its highest point in three months on Friday, as prices broke out of a key resistance level. Today’s move comes as crypto markets were mostly higher in the session, climbing 2.86% as of writing. Near protocol rose by 17%, also recording multi-month highs.
Theta Network (THETA)
Theta network (THETA) was one of Friday’s notable gainers, as prices rose by nearly 16% in today’s session.
Friday’s surge saw the token hit an intraday high of $1.65, which comes less than 24 hours after trading at a low of $1.37.
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Theta Fuel price has been on a triple-digit rally since the beginning of February, a signal that the gas token will play an integral role in the rapidly expanding Theta ecosystem. The Theta project has been making waves alongside many other altcoins that are riding this year's bullish wave to new all-time highs. While the main token of the Theta network has been receiving a majority of the attention, the ‘gas’ token of the protocol, TFUEL, has quietly been surging alongside THETA as its importance to the network becomes apparent to savvy crypto investors. TFUEL/USDT 4-hour chart. Source:....
THETA and TFUEL rallied more than 50% as investors anticipate the upcoming Mainnet 3.0 launch. Major protocol upgrades can play a significant role in altcoin rallies regardless of the state of the wider cryptocurrency market because new features excite token holders and help to attract new investors. One ecosystem that has been heating up over the past two weeks is the Theta protocol. The project's THETA token rallied 50% and Theta Fuel (TFUEL) gained 71% ahead of the network's upcoming Mainnet 3.0 launch scheduled for June 30.THETA/USDT vs. TFUEL/USDT. Source: TradingViewToward the end of....
THETA, the 51st ranked cryptocurrency in terms of market capitalization according to online tracker Coingecko, is performing relatively well now as it stays on the green zone as far its short-term and long-term price monitoring is concerned. THETA is all green in the charts except for its year-to-date progress The altcoin is sitting on a 17.2% 14-day increase A test of the $1.2 resistance zone is likely to happen for THETA At press time, the asset is trading at $1.16 and is up by 1.5% over the last day. On a weekly and biweekly timeframe, the crypto increased by 16.8% and 17.2%,....
THETA was trading higher on Tuesday, as prices rebounded, moving away from multi-year lows in the process. HNT also rallied, climbing by as much as 20% earlier in today’s session. Theta Network (THETA) THETA was one of the most notable movers during today’s session, as prices gained by nearly 20% earlier in the day. Following a low of $0.9688 to start the week, THETA/USD rose to an intraday peak of $1.22 on Tuesday. Today’s surge saw THETA move away from yesterday’s bottom, which is the lowest level prices have been since December 2020. As of writing, prices are....