The crypto market lost again, this time due to CPI data released last night.
CPI refers to the Consumer Price Index or Consumer Price Index.
It is understood the record CPI has risen by 7.5% for the annual reading, and led to a decline in the crypto market, as well as stocks and currencies.
At the time of writing, Bitcoin (BTC) is down more than 1%, trading at $ 43,554, also dragging down the altcoins market:
Ethereum (ETH): $ 3,077 (-4.58%)
Cardano (ADA): $ 1.14 (-3.92%)
XRP: $ 0.83 (-5.74%)
Solana (SOL): $ 105.48 (-7.02%)
Earth (MOON): $ 52,013 (-7.61%)
Dogecoin (DOGE): $ 0.1515 (-5.42%)
Shiba Inu (SHIB): $ 0.00003041 (-7%)
Polygon (MATIC): $ 1.85 (-7.9%)
Even so, only Theta Network (THETA) survived with a price spike of almost 23%, trading at $ 4.21.
Any good news?
Based on the development of this ecosystem through the latest tweets since February 1, there is no doubt that Theta Network is busy with the latest projects:
Launch of TDROP.
This token was launched on February 1st.
The token, which follows the TNT-20 standard, was developed on the Theta blockchain for the non-fungible token (NFT) marketplace platform, ThetaDrop.
ThetaSwap and VoltSwap liquidity pools are expected to air.
Update Theta Web Wallet.
Updated to allow users to transfer and staking TDROP.
The update also involves mobile wallets for iOS and android users; as well as the Theta Chrome Extension.
NFT Liquidity Mining has aired on ThetaDrop.
Offers TDROP as a transfer incentive in the Theta network each time a user makes a purchase on ThetaDrop’s second market platform, Theta Marketplace.
Launch of the first digital asset conversion service, BULLIT on the Theta network.
Launch of NFT Utility by Resorts World Las Vegas on the Theta network.
The reality show ‘The Price Is Right’ has launched its first NFT in collaboration with Theta Labs.
Blockchain video payment and tracking platform, Imagine Replay has launched a transformative product using Theta technology by leveraging Theta Video API, Theta peer-to-peer (P2P) video infrastructure, and ThetaPass NFT.
Summary of Theta Nertwork - is a decentralized video streaming platform, similar to Youtube only independent of centralized control.
