Theta Fuel serves as the native token on the Theta blockchain; initially, an Ethereum compliance chain, the project has come a long way since. This Theta Fuel price prediction looks into the Theta project details, the use of Theta Fuel, and its price movement in the years to come.
A blockchain known as Theta Network was introduced with ERC20 compatible currency. This decentralized network is used to stream and distribute video, while the coin serves as an incentive token for the system. Theta Network and SLIVER.tv were integrated in December 2017, and on March 15, 2019, the first mainnet version of the Theta Blockchain went live. At that time, each ERC-20 Theta token was exchanged for a 1:1 ratio of native Theta tokens.
One of the two native tokens on the Theta blockchain is called Theta Fuel (TFUEL). The Theta Token (THETA) is used for the Theta blockchain’s governance. As a gas and utility token for the data and decentralized video distribution, the second currency, TFUEL on the Theta blockchain, serves as a medium of exchange.
The token then powers all transactions on the Theta blockchain as a result. Included in these are the sums paid to the intermediary so they can disseminate the video streams. Additionally, they’ll implement and employ smart contracts. It also serves as the NTF and DeFi application transaction cost medium. Their new suite of developer tools has recently been deployed in the smart contract, and anyone can join the development.
https://twitter.com/Theta_Network/status/1551269524065878016?s=20&t=7lTxx0xJ6mQ3YP1ltQufUw
Theta Fuel (TFUEL) Fundamental Analysis
The Network and protocol address several challenges that the video streaming business is now facing. Theta blockchain tokens are initially used as a form of payment. This encourages common users to share their excess computational and broadband resources. They serve as nodes that cache or relay video streams.
This encourages the delivery of high-quality streaming and fixes the last-mile delivery problems. For traditional content delivery pipelines, it has always been a significant bottleneck, particularly for 4K, 8K, and next-generation streams, combined with high resolution and bitrate.
With sufficient network density, the majority of users would be able to access streams from peering caching nodes. As a result, the cost of the content delivery network (CDN) will be significantly reduced for the video platforms. More importantly, Theta Network enables video platforms to set their content and watching environment apart from that of their competitors. Tokens were also created as a way to reward users and boost viewing interest.
Thousands of nodes can participate in the consensus process while still providing a very high transaction throughput using a modified Byzantine Fault Tolerant (BFT) consensus technique. Utilizing a PBFT-like process with a small collection of nodes is the key idea. The validator committee, which creates a chain of blocks rapidly and realistically, is responsible for this. The tens of thousands of consensus participants at regular checkpoint blocks known as guardians then complete the chain the validator committee started.
The term “multi-level BFT consensus mechanism” refers to the fact that the validator/guardian division offers various levels of security assurance. The validator committee offers the initial degree of consensus; with 10 to 20 validators, the committee can quickly come to an agreement. The guardian pool makes up the second tier of defense.
Having thousands of nodes dramatically improves security because it makes it much harder for attackers to compromise the network’s integrity. Consistency, transaction throughput, and degree of decentralization were the three foundations of the famed impossible triangle. They assert that this technique is well-balanced and uses all of these balancing foundations.
Basic all-to-all broadcasting of the checkpoint block hash does operate among guardian nodes; however, this would incur quadratic communication costs and not scale to more than a thousand nodes. This is called the Aggregated Signature Gossip Scheme. Instead, they propose a message complexity-reducing approach called Aggregated Signature Gossip.
The partially aggregated signatures are continually merged from each of the neighbors of the guardian node, creating the combined signature. The signature shares of one node can propagate to other nodes at an exponential pace by consuming the gossip protocol in this way. Further reducing communication overhead is the signature aggregation’s ability to reduce the size of node-to-node transmissions.
The term “Resource Oriented Micropayment Pool” refers to an off-chain payment system made exclusively for video streaming. It prevents double spending and allows users to create an off-chain micropayment pool from which other users can withdraw money through off-chain transactions. It is substantially more adaptable when compared to off-chain payment systems.
Samsung has signed an agreement with partners, including Theta Network, to run an NFT ecosystem on the upcoming range of Samsung Galaxy mobile phones.
https://twitter.com/CryptoSlate/status/1556718857510948867?s=20&t=7lTxx0xJ6mQ3YP1ltQufUw
Theta Fuel (TFUEL) Price Analysis
The Theta Fuel price today is $0.06, with a trading volume of $38.75 million. The current CoinMarketCap ranking is #102, with a live market cap of nearly $315 million. It has a circulating supply of more than 5 billion TFUEL coins. Theta Fuel tokens are expected to show excellent performance in long-term investments.
Rank: 123
Theta Fuel Price Prediction – Crypto Academy
We have predicted the future prices of Theta Fuel from the year 2022 to 2030 based on the roadmap and possible impact.
Theta Fuel Price Prediction 2022
In 2022, the Theta Fuel price can hit a maximum level of $0.09 due to the encoding of Elite Edge Node for Video on Demand (VoD). The price of Theta Fuel might reach a minimum level of $0.05, with an average price of $0.07.
Theta Fuel Price Prediction 2023
For 2023, the expected maximum price is $0.2 in 2023 by digital rights management (DRM) based on NFT. We expect the price of Theta Fuel to hit a minimum level of $0.07 with an average level of $0.09 throughout 2023.
Theta Fuel Price Prediction 2024
For 2024, our predictions say that the Theta Fuel price can reach a maximum level of $0.4 by launching TDROP decentralized governance and the Testnet target of Metachain. The price of Theta Fuel can be around a minimum level of $0.09, with an average trading price of $0.2 throughout 2024.
Theta Fuel Price Prediction 2025
We forecast the price of Theta Fuel might have a maximum level of $0.7 by the release of EdgeStore Alpha gateway and EdgeStore Beta. It can reach a minimum price level of $0.1, with an average price of $0.4 throughout 2025.
Theta Fuel Price Prediction 2026
We anticipate a maximum price level of $0.9 for TFUEL of their advanced analytics and live streaming support (BETA) for Theta Video API, with an average level of $0.6. The expected minimum possible price of Theta Fuel is $0.3 in 2026.
Theta Fuel Price Prediction 2027
We anticipate the price of Theta Fuel to reach a maximum of $1.0 by the target release of Metachain and SDK on Miannet 4.0. The Theta Fuel price value can be around a minimum value of $0.5, with an average trading value of $0.8 throughout 2027.
Theta Fuel Price Prediction 2028
The Theta Fuel price can hit a minimum level of $0.7, with an average trading price of $1.0 throughout 2028. In 2028, we expect the price of Theta Fuel to reach a maximum level of $3 by the release of EdgeStore production.
Theta Fuel Price Prediction 2029
The Theta Fuel price can reach a maximum price value of $6 with an average value of $3 after enabling the process of storing, encoding, and relaying by the Decentralized Theta Video API. We anticipate the price of Theta Fuel to reach a minimum level of $1 in 2029.
Theta Fuel Price Prediction 2030
In 2030, we expect the price of Theta Fuel to reach a minimum value of $3 and a maximum level of $8 by introducing new use cases of Edge Streaming, Storage, and Computing. The average trading price of Theta Fuel can be $5.
Theta Fuel Price Prediction – Market Overview
Here are some of the price predictions for TFUEL by some authority cryptocurrency analysis platforms.
Priceprediction.net
PricePrediction.net analysts and experts predict the average possible price of $0.076 for Theta Fuel in 2022, while the maximum possible price can be $0.079. During the next five years, they predict the token price to go to the $0.32 mark without massive efforts. Its price can follow this uptrend, with the maximum price reaching $2.62 by 2030.
Digital Coin Price
Digital Coin Price experts predict the price of TFUEL to reach a minimum level of $0.0789 and a maximum level of $0.32 in the future. The price of Theta Fuel for one year can be $0.0789 to $0.092, with very less growth. The price of TFUEL predicted for three, four, and five years is nearly $0.097, $0.11, and $0.16. The price can reach $0.2 and $0.24 during the next six and seven years, respectively.
Coin Codex
Coin Codex analysts predict the Theta Fuel price to stay between $0.08 and $0.14 in 2024, while it can range from $0.10 to $0.30 in 2025. The price can be from $0.13 to $0.67 by the end of 2026. While the revenue generated on purchases made in 2022 would be equal to 141.5%, 435.81%, and 1,088.6% during the years 2024, 2025, and 2026, respectively.
Tech News Leader
Tech News Leader experts expect the price level of $0.12 for Theta Fuel price in a year. In the next five years, the price of Theta Fuel might reach an average level of about $0.36. They expect, for the next eight to ten years, a minimum possible price of $2.31 and a maximum possible value of $2.88. There is a high chance in the next ten years that the price of the Theta Fuel can reach $2.38.
Wallet Investor
Wallet Investor analysts do not list Theta Fuel as a good and profitable investment on their website. They think that the price can be at a maximum level of $0.005 and $0.0045 by the end of years 2022 and 2023. The prices predicted for the end of 2024 and 2025 are $0.0065 and $0.0027, respectively. For 2026 and 2027, they determined the highest possible price of $0.0048 and $0.0056.
How to Buy Theta Fuel (TFUEL)?
Theta Fuel can be purchased via a reputable marketplace like Binance. It may be purchased in three easy steps.
Step 1: Create an Account.
Joining a cryptocurrency exchange is where you should start if you want to trade cryptocurrencies. Create an account on the Binance platform to get started. Log in to Binance if you already have an account; if not, sign up for one with your email and mobile number. Enter your account information on the Binance website or app after that.
Step 2: Select a Payment Method.
You must choose a method of funding your account before you can buy Theta Fuel (TFUEL) tokens. To examine all available options when using the Binance platform, choose “Buy Crypto” from the website menu.
The most straightforward choice for you, if this is your first time using Binance, is to pay with a credit card or bank transfer. Binance also accepts payments made using Visa and MasterCard. You can buy Theta Fuel directly from other users on Binance’s peer-to-peer network, in addition to a number of different third-party payment options.
Step 3: Buy Theta Fuel
After selecting a payment method, you have one minute to enter your order details. You must click the “Refresh” button after a minute to view the most recent order pricing. Before approving the asset deal, lastly, double-check all the details. After purchasing the cryptocurrency, keep it in your wallet or a Binance account. On Binance, trading or staking with listed assets is also permitted.
Frequently Asked Questions (FAQs)
Is Theta Fuel a Good Investment?
Yes, Theta Fuel is a very good investment as it has overcome several challenges that the video streaming business was facing.
Can Theta Fuel Reach $1?
Yes, Theta Fuel cannot reach $1 by the year 2027 by the targeted release of Metachain and SDK on Miannet 4.0.
Where to Buy Theta Fuels?
If you want to buy Theta Fuel from a reputed cryptocurrency exchange, you can prefer using Binance, XT.COM, AAX, KuCoin, and Bitrue.
TakeAways
- A blockchain known as Theta Network was introduced with ERC20 compatible currency.
- For this decentralized network used to stream and distribute video, the coin serves as an incentive system.
- Theta Network and SLIVER.tv were integrated in December 2017, and on March 15, 2019, the first mainnet version of the Theta Blockchain went live.
- One of the two native tokens on the Theta blockchain is called Theta Fuel (TFUEL).
- Theta Token (THETA) is used for the Theta blockchain’s governance.
- Theta Fuel is a very good investment as it has overcome several challenges that the video streaming business was facing.
- In 2022, the Theta Fuel price can hit a maximum level of $0.09.
- Theta Fuel cannot reach $1 by the year 2027 by the targeted release of Metachain and SDK on Miannet 4.0.
- In 2030, we expect the price of Theta Fuel to reach a maximum level of $8.
- If you want to buy Theta Fuel from a reputed cryptocurrency exchange, you can prefer using Binance, XT.COM, AAX, KuCoin, and Bitrue.
Disclaimer: The information provided on this page is most accurate to the best of our knowledge; however, subject to change due to various market factors. Crypto-Academy encourages our readers to learn more about market factors and risks involved before making investment decisions.