Theta network enhancements usher in smart contract capabilities
Now live, Theta's network upgrade includes an updated block explorer capable of working with smart contract data. Theta, a blockchain that facilitates decentralized video streaming, recently updated its mainnet, adding a number of benefits. Theta’s mainnet now hosts smart contract capabilities, as of a block height of 8,411,427, Theta Labs said in a blog post on Thursday. (At time of publication, Theta’s blockchain shows a height of 8,411,845, so the updates should be already live.) Theta is one project still chugging along from the initial coin offering boom. The project finished its ICO....
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Big-name partnerships and the release of ThetaSwap DEX are just a few of the factors pushing THETA price to a new all-time high. The sustained bullish performance from Bitcoin (BTC) and Ether (ETH) has increased the confidence of crypto investors and many are now looking deeper into projects that have strong fundamentals and offer real-world use cases. This week investors turned their attention to Theta (THETA), a decentralized network that allows users to share bandwidth and computing resources in order to stream video. In the last two months THETA price has increased by more than 350%,....
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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The Theta coin price saw a spectacular rise in the midst of the crypto market rebound. It broke above the $1.1 resistance level, giving the bulls a springboard to extend their bull run. Still, buyers who have been waiting may get another chance to buy as the altcoin gets closer to the $1.2 resistance. However, it appears that THETA has increased too rapidly within a short time. With a 1.60% increase on the day and a seven-day chart representing a downhill trend in previous days, can we see Theta rebound to its previous highs this new month? Related Reading: Shiba Inu (SHIB) Plays Catchup....
Blockchain-based video streaming network Theta now has its own decentralized exchange. Theta (THETA) has launched ThetaSwap, the blockchain’s first decentralized exchange platform, according to an announcement issued on Friday.ThetaSwap v1 users will reportedly be able to swap Theta-based TNT-20 tokens in much the same way as is the case for automated market maker services like Uniswap and SushiSwap for ERC-20 tokens on the Ethereum chain.With the launch of ThetaSwap v1, the project says it is hopeful that users will become incentivized to interact with the TNT-20 token standard.Apart from....
Positive news and strong fundamentals appear to be boosting Theta, The Graph (GRT), and Celcius (CEL) price over the past few days. Institutional investors usually look for liquid assets to buy as they trade in large quantities. Due to this limitation, they tend to stick to Bitcoin (BTC) or a few major altcoins with large market caps. However, retail traders do not have that constraint and this gives them the freedom to choose smaller-cap projects that are backed by strong fundamentals.Crypto market data daily view. Source: Coin360While the major altcoins are currently either range-bound....