Introduction The cryptocurrency industry has come a long way. However, the scenario has changed so much in just one year. Although the pandemic was a pain to almost every one of us, it came as a blessing to the crypto and blockchain industry. People across the globe started recognizing the working of the crypto industry and the benefits it holds. People have made a fortune by investing in many cryptocurrencies or digital assets that were not even known earlier. Now they know the potential of these tokens. This is the reason behind the surge in the global crypto market cap to cross $2 trillion today. And having said that, non-fungible tokens (NFTs) are also not left behind and witnessing a high success rate. The market is now worth more than a billion dollars. NFTs can be anything digital (drawings, music, even a brain being downloaded and made into an AI), but the new buzz is focused on using the technology to sell digital art. NFTs are best described as one-of-a-kind digital assets that can be found in a wide range of industries, including digital art and virtual real estate, as well as collectibles, gaming, and more. Any type of media can be minted or tokenized and converted into an NFT. Theta is the top NFT token today. It was launched in March 2018 and is a blockchain-powered network purpose-built for video streaming. With the deepening demand for NFTs since the start of 2021, THETA witnessed an unprecedented ROI. Are you thinking of investing in Theta, but confused over a lot of things? Then this article is for you. This article will provide you with a summary of the Theta price forecast for 2021 and beyond (up to Theta price prediction 2025). Also, will help you decide whether it’s worth investing in Theta. What Is Theta? Theta, the top NFT token today, is currently ranked 15th in the CoinMarketCap’s ranking. Theta’s mainnet is a decentralized network on which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch, are advising the project. According to the project’s creators, the project aims to shake up the video streaming industry in its current state, where centralization, weak infrastructure, and high costs result in a poor user experience. Due to the barriers between content creators and end-users, content creators often receive less money. Theta project aims to solve this disadvantage. Theta employs a financial reward program to encourage user involvement in governance activities, and as a result, its network is protected by its users. To balance protection and high transaction throughput, the network uses proof-of-stake (PoS), and a multi-level Byzantine Fault Tolerance (BFT) consensus mechanism. Theta ensured that no single person owns the bulk of THETA tokens staked at any given time with the launch of Guardian nodes in June 2019. How Is Theta Unique and Helpful? For video content and data transmission, theta users have access to an international infrastructure. This open-source project offers esports, music, television/movies, education, business conferencing, peer-to-peer streaming, and other services. Furthermore, the platform’s decentralized design ensures that Theta is operated by users. The extensibility and interoperability of the Theta network is another big advantage. The network supports the development of decentralized vertical applications (Dapps). These applications live at the top of the platform and use their high-tech toolset. In particular, SLIVER.tv was the first to start on the network. Users have an advantage to both watch network content and share network resources as rewards come in the form of TFUEL tokens. What Is the Theta Token? THETA is the governance token of the project. Particularly, THETA fulfills a variety of network governance tasks and counts thousands of community-run guardian nodes as validating companies in Google, Binance, Blockchain ventures, Gumi, Sony Europe, and Samsung. At the time of writing, the token holds a global market cap of $9 billion and trading at $9. Tokens used in Theta: THETA and TFUEL. THETA exists for administration purposes only, with 5 TFUEL tokens issued on 1 THETA held in 2019 during the mainnet launch. THETA itself was introduced in 2018 and was then distributed to purchasers in Ethereum as an ERC-20 token. All the ERC-20 THETA tokens were subsequently transformed into native mainnet THETA. The total THETA supply is limited to 1 billion tokens (1 million thousand) and is distributed among all network members and the Theta team and a Backup Pool in different proportions. Technical Analysis for Theta Recap: Price of Theta in 2020 THETA first appeared on crypto exchanges at the price of $0.15 after the ICO in January 2018. Since prices were increasing mostly strongly, on January 27, 2018, THETA took the lead in reaching an all-time high of $0.31. In 2020, the price of the Theta token … Continued
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