Theta is software launched in 2017 by Mitch Liu and Jieyi Long. Mitch Liu is known for discovering startups in mobile gaming and online marketing, while Jieyi Long has already worked on VR live streaming technologies. Their board of advisors includes the co-founder of YouTube (Steve Chen), the co-founder of Twitter (Justin Kana), and senior executives from Verizon (Rakuten Viki and CJ Hello). The Theta blockchain tries to encourage a global network of computers that operates a decentralized video streaming platform. It is among the most exciting new ventures. It’sIt’s the only end-to-end infrastructure for decentralized video streaming and delivery to provide all the technical and economical solutions.
During the private token sale by the Theta team in 2017, they raised about $20 million by selling 30% of the unit supply of a billion in the THETA cryptocurrency. The innovations in Theta had set up the disruption of the online video industry in today’s world in the way same as the YouTube platform’s traditional video back in 2005. As the co-founder of YouTube says that the delivery of videos to various parts of the world is very costly and hence is very challenging and is getting bigger due to 4K, HD, and high-quality video streaming, he is very excited to be a part of the next evolving streaming space to help Theta in making a decentralized peer-to-peer network that can provide low cost and improved video delivery.
Theta (THETA) Fundamental Analysis
Theta is open-source software that claims that it increases anyone’s capability to create new applications and the services based on it. The community individuals are the ones who empower these next-generation video and entertainment blockchains. Theta can be understood better by first getting to know the live streaming sector and the associated problems. Today’sToday’s centralized live streaming platforms also have multiple associated issues with them, and some of them are power quality centralized content delivery networks and revenue sources. Theta Network solves these problems by creating a peer-to-peer native blockchain empowered by users. Revenue can be earned by its viewers through a variety of methods allowing higher quality content and the reduced cost of video streams.
THETA has a decentralized peer-to-peer delivery service for videos powered by users. Viewers get high-quality, smooth video streaming that can happen efficiently all over the globe. They can here earn Theta fuel as rewards just by participating in the network for sharing excess bandwidth and resources. With the low costs of delivery of video streaming, it has the capacity to build inexpensive infrastructure for more innovation and unique business models. Users are also benefitted from the bandwidth. It will build a community of content creators and platforms earning more using the least costs for streaming.
How Theta works
The theta network takes the maximum advantage of popular organizations, such as Samsung, Google, Sony, and other enterprises as a group of validators. These nodes design and make new blocks in the blockchain. There are the guardian nodes that are run by the theta community that keep a check on the working of the validator nodes. The Theta network lets the building of specialized Dapps using content and video providers like other blockchains. The theta network also encourages the users, viewers, creators, and validators to share the computation and bandwidth of their devices as a relay node and get TFuel.
Tokenomics
Theta has a dual token design, including THETA and TFuel. The native token has a total supply of one billion. The basic utility of the token is the governance in the Theta Network. Another use is staking to contribute to blocking production.
Theta Future Plans
The Theta network has been trying to adapt significantly since 2018’s2018’s private sale. Their outlook had even improved through Google and then THETA as its validator. This has set to expand further in the future due to the unique perspective of Theta related to the streaming problem, and its roadmap for 2022 can be increasing its value through many interesting aspects, including TDrop token and increased focus on NFTs. In the second quarter of 2022, they have planned the launch of TDROP decentralized governance and NFT-based digital rights management (DRM) and the encoding of elite edge nodes for incorporation of Video on Demand (VoD).
In the third quarter of 2022, they have decided on the implementation of the EdgeStore Alpha gateway, Theta Video API Advanced Analytics, and Theta Video API live streaming support (Beta). Fourth-quarter will be marked with the release of EdgeStore Beta, Metachain, and SDK to achieve the Miannet 4.0 target and the Testnet target launch of Metachain. In the year 2023 and beyond, they will release EdgeStore production, streaming, and storage, will use decentralized Theta Video API for encoding, storage, and relaying, and will compute new use cases.
Theta (THETA) Price Analysis
With the current price of $1.2, CoinMarketCap ranks Theta Network (THETA) at number 43 in the entire cryptosystem. There are one billion THETA tokens in the circulating supply and a billion tokens in the total supply. With a market capitalization of $1.2 Billion and a fully diluted market capitalization of again $1.2 Billion, it has excellent potential to fit well in the race of progressive cryptocurrencies.
Rank: 57
Crypto Academy Theta (THETA) Price Prediction
Theta has the potential of reaching high prices in upcoming years, and we have predicted them on the basis of our price and fundamental analysis, but it can be changed in different conditions.
Theta (THETA) Price Prediction 2022
By going with the same bullish trend, THETA will go up with the maximum price of $10 by this year. Through their significant adaptation throughout, since the time of presale, it will have at least a price of $2 this year, with an average trading price of $6 throughout the year.
Theta (THETA) Price Prediction 2023
By studying the short and long-term price trends of the cryptocurrency, it is highly probable for Theta to touch $18 by the end of 2023, despite the rivals catching up with the heat or the volatility in the market. In the year 2023, the minimum price can touch $13, and the average price level can be $16 throughout the year as its community empowers the next-generation video and entertainment blockchains.
Theta (THETA) Price Prediction 2024
There is a jaw-dropping possibility that the crypto will reach the highest possible price of $30 with the launch of TDROP decentralized governance and NFT-based digital rights management (DRM). Their fullest potential can make them touch an average of $27 and a minimum price of about $23 consistently in some conditions.
Theta (THETA) Price Prediction 2025
This year may end with THETA surpassing a maximum of $45 by all means, with the encoding of elite edge node for incorporation of Video on Demand (VoD). Under crucial factors like pandemics or recession, the minimum price can be $35. The average price can be $40.
Theta (THETA) Price Prediction 2026
It has boosted market sentiment in buying and selling drastically, and the highest price can be $60 with an average life of $56. Even under bad circumstances, the minimum price can be $50 with the implementation of the EdgeStore Alpha gateway, Theta Video API Advanced Analytics, and Theta Video API live streaming support (Beta).
Theta (THETA) Market Price Prediction
Following are the price prediction of Theta by various crypto experts and websites.
Wallet Investor
They do not consider Theta as a virtual currency with good returns. THETA can prove to be a bad and risky investment for a year. They predict Theta’s price of $2.192 to continue to devalue in the future.
Priceprediction.net
They predict the THETA price to reach a maximum level of $4.74 and an average level of $4.18 at the end of 2022. Their estimation for the next five years indicates that the coin can effortlessly reach the value of $19.34. Their special and business experts and analysts have predicted the highest possible price of $132.29 by the year 2030.
Digital Coin Price
They have predicted the minimum, average, and maximum prices of $2.68, $3.03, and $3.26 in the year 2022, respectively. Their forecast is for a minimum price of $2.95 and the maximum price of $3.86, with an average trading price of $3.69 by 2023. For 2025, they predict the minimum value of THETA as $3.84 and a maximum value of $5.23, with an average trading price of $4.27. They expect that the minimum worth of Theta Network can be $9.75 and the maximum level can be $10.11, while the average price can be $9.93 in 2030.
Tech News-Leader
Tech News Leader forecasts the average price of THETA as $6.8, the minimum price as $6.59, and the maximum price as $7.64 in the year 2022. In five years, the token can be worth $28.05, and in ten years, it can be $171.31.
Coin Quora
Coin Quora expects the THETA to hit $20 before the end of 2022. By the end of 2023, the price can be $100. Theta Network price can reach $100 by 2024, $200 by 2025, and $300 by 2026.
How to Buy Theta (THETA)
You can buy Theta from any cryptocurrency exchange that trades altcoins, such as Binance.
Step 1: Create An Account
The first step is to go to the Binance website and sign up. To attain this, you have to enter your email address and a strong password to ensure security. Click on the pledge to confirm that your age is over 18. Then, tap “create account.” You will receive an email with the verification code. You have to enter that code on the sign-up page. You will have to go through some more steps to add security to your account. Then, verify your identity before getting started on Binance. To do so, click on the ”go-to dashboard” link. They will also ask you to enable two-factor authentication (2FA) to increase your account security.
After securing your account, go back to the dashboard, click ”security” and then ”verify”. In the basic information region, enter your name, address, passport information, NIC, driving license, and other necessary information. You will also have to verify your face using your webcam or upload files related to it. For setting it up, Click the Google authentication option and follow their instructions. This process will take some time to take place, so be patient.
Step 2: Select a Payment Method
As your account is secure and verified now, click ”buy crypto” in the top menu. Then, select a payment method, such as a bank account or credit/debit card. Your account will go to review for about two minutes or for some hours to check if you are capable of purchasing cryptocurrencies using a credit or debit card. If you fail during the review, you will have to choose another method for paying for the platform. However, if you have passed the review process, you will have to add your detailed information about credit or debit cards to Binance. After entering the complete details, you will get a summary of your purchase.
Step 3: Buy THETA
In the next step, you will have the option to select a currency to buy. Select Theta from the drop-down menu and enter the amount of fiat money you want to spend on Theta. Press ”Buy Theta”. Some extra information might be required by the platform to satisfy international regulations. Confirm your purchase after that, and your Theta will soon be there in the Binance wallet. To ensure that, click on the ”return to wallet”.
Frequently Asked Questions (FAQs)
Is THETA a good investment?
Yes, Theta is one of the best investments with its bullish market. With the continuance of this trend, crypto might experience a bright future ahead.
Can THETA eventually reach $100?
It has the chance to eventually reach $100 in ten to fifteen years in the future at the current pace.
Where to Buy THETA Tokens?
You can buy Theta (THETA) coins from many cryptocurrency exchanges such as Binance, KuCoin, Huobi Global, Bitfinex, Gate.io, etc.
Takeaways
- Theta is software launched in 2017 by Mitch Liu and Jieyi Long.
- The Theta blockchain tries to encourage a global network of computers that operates a decentralized video streaming platform.
- It is among the most exciting new ventures.
- It’sIt’s the only end-to-end infrastructure for decentralized video streaming and delivery to provide all the technical and economical solutions.
- Theta is one of the best investments with its bullish market.
- THETA will go up with the maximum price of $10 by 2022.
- 2025 may end with THETA surpassing $45.
- It has boosted market sentiment in buying and selling drastically. The highest price can be $60, with an average life of $56 in 2026.
- It has the chance to eventually reach $100 in ten to fifteen years in the future at the current pace.