The Theta project is among the highlights of the recent dumping of altcoins projects, bringing its native tokens to record prices to record highs.
At the same time, the gas token for the protocol, TFUEL also saw a remarkable jump of 775% over the past five weeks.
Beginning Feb. 1, TFUEL rose from $ 0.026 to a new all -time high (ATH), $ 0.3 this morning following a hard fork that occurred around 4 a.m. local time.
The number of THETAs available for stake in the series also showed an increase. So far around 57.96% of the 1 billion THETAs are available when the project gets the attention of investors.
The more THETA is at stake in the network, the role of TFUEL in the ecosystem is increasing following the increasing number of tokens used in the community.
The surge of THETA and TFUEL can be signified as a ‘buy the rumor, sell the news’ trend and analysts describe it as a bullish start ahead of the launch of Theta 3.0 on April 21.
The launch of Theta 3.0 allows investors to stake TFUEL as a way to generate passive income and protect the network.
For now, the smart contract features available online and the functionality of creating NFT including decentralized financial applications have indirectly assured the Theta ecosystem with more new users to be attracted and increased support.
