Theta (THETA) Soared 17,000% Leaving Another Coin - Kakiforex.com - Financial Market Media No. 1 in the World Theta (THETA) Soared 17,000% Leaving Another Coin Theta (THETA) Soared 17,000% Leaving Another Coin

March 24, 2021

Theta (THETA) Soared 17,000% Leaving Another Coin

 Launched in March 2019, Theta (THETA) jumped 17,000%, becoming the ninth top cryptocurrency after Uniswap (UNI) with a market capitalization of $ 13.7 billion!


This token is the currency for the Theta Network, focusing on decentralized peer-to-peer video streaming projects.


Unexpectedly, its development in a year managed to surpass Litecoin (LTC), Chainlink (LINK), Bitcoin Cash (BCH), Stellar (XLM) and Dogecoin (DOGE).


At the time of writing, THETA is trading at $ 13.71, up 32.84% in 24 hours and 97.44% in a week.



The network is run by computer scientists Mitch Liu and Kieyi Long. Meanwhile, key advisors include Youtube co -founder Steven Chen and Twitch co -founder Justin Kan.


Understanding viewers are often faced with low video quality, they chose to use blockchain technology to solve the problem and allow its users to share a network where they receive the currency for each entry.


According to the project’s head of strategy, Wes Levit, token betting for Theta Mainnet 3.0 will take place in the near future and this is capable of increasing interest rates as most video platforms and startups start to be attracted to the project.


The phenomenon of non-fungible tokens (NFT) also plays a role as their project is also working in the NFT market to obtain data.