Theta Network price overview
The current Theta Network price is EUR. The price has changed by EUR in the past 24 hours on trading volume of EUR. The market rank of Theta Network is based on a market capitalization of EUR. Theta Network has a circulating supply of . The highest recorded Theta Network price is EUR. And the lowest recorded THETA price is EUR.
How do Theta Network price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance.
Theta is a decentralized network built for blockchain-powered video delivery. The project aims to tackle the shortcomings of centralized streaming services, which often suffer from poor video quality, rising data needs, and less revenue for content creators. The peer-to-peer nature of Theta, on the other hand, provides higher quality streaming at a reduced cost, while viewers can earn rewards in Theta Fuel (TFUEL) for sharing excess bandwidth and resources.
The native THETA token of the Theta Network is used for governance and staking. Since it joined the crypto market, the price of THETA has seen dramatic change and if you want to know why then you’re in the right place. We’ve compiled everything you need in order to get a better understanding of THETA price – as well as the factors that influence it.
Theta Token Price History
Theta Network joined the crypto market in January 2018 following an initial coin offering and began trading at about $0.17. Although the token traded as high as $0.33 during its first month, the rest of the year was mostly taken up by sideways and downward movement. As 2018 came to a close, THETA was trading at just under $0.05 – a decrease of 74% since launch.
After a fairly static January 2019, prices started to climb, reaching a peak of $0.20 in March. This was followed by a steady decline which took THETA as low as $0.06 in November. By the end of the year, prices had improved slightly to $0.09, or almost twice 2019’s starting price.
As 2020 began, THETA made positive gains, hitting a high of $0.19 in February. A month later, prices bottomed out at their all-time low of $0.036 following a crash of more than 50% during a single day in March. Prices started to climb again after that, peaking at $0.59 in May. Following a month of consolidation, during which THETA traded as low as $0.20, the rally resumed and became particularly strong in December when, for the first time, THETA price broke above $1 and the Theta market cap surpassed $1 billion. By the end of the year, THETA was worth $1.86, providing gains of more than 2,000% over the course of 2020.
After consolidating for most of January, THETA continued to surge in February, trading as high as $4 before pulling back to under $2.60. The growth became even steeper in March, and after three weeks of sideways movement, THETA hit its all-time high of $16.61 on April 16, at which point Theta had a market cap of over $14 billion. The following week saw prices drop to less than half that value, and they fell even further the next month, as THETA touched lows of $3.71 during a crash of more than 60% during a single day in May.
Analyzing Theta Price History
Theta token price history can be analyzed with many of the same techniques as the stock market. Technical analysis involves using various indicators while studying price charts in order to make sense of previous price movements. With THETA, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of users sell or buy THETA on exchanges.
Fundamental analysis, on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. Theta raised $20 million in its ICO and its founders have a long history of founding companies and holding patents in the industries of gaming, blockchain, and video streaming. Several large companies including Google, Samsung, Sony, and Binance participate in the Theta Network as enterprise validator nodes and the project has a wide range of well-known partners including Metro Goldwyn Mayer, Lionsgate, NASA, and Chainlink. These could be good signs for the fundamental Theta Token value.
Broader market trends have also played a role in THETA’s price history. Its surge in 2021 wasn’t unique – the entire crypto market pumped around this time. Bitcoin was in the midst of a major bull run then, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.
THETA’s huge single-day drop in March 2020 came as economies and borders were closing down around the world in response to the COVID-19 pandemic. The effect of this was felt by the whole cryptocurrency sector and the entire stock market, which experienced the biggest single-day crash since 1987.
The sudden crash in May 2021 was also market-wide, affecting every single major cryptocurrency. Various contributing factors have been suggested, including comments made by Elon Musk, a crackdown by Chinese authorities, liquidations, and a healthy market correction.
The overall price trend of THETA tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.
Factors Influencing The Price of Theta Token (THETA)
A variety of different things can affect the price of THETA, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider cryptocurrency and global economies.
THETA has a capped max supply of 1 billion tokens, making it a scarce asset, like Bitcoin, and therefore potentially a good store of value in the long term. All THETA tokens are already in the circulating supply, meaning any increase in demand will lead to a rise in price.
Demand for THETA may come from retail and institutional investors who believe in the project’s vision for the video streaming industry. What’s more, the governance rights the token provides give holders the opportunity to help shape that vision.
There is further demand for the token from community-run guardian nodes as holders must stake their THETA in order to operate a node. As of June 2021, there are already more than 3,500 guardian nodes in the Theta Network, and the TFUEL rewards that they earn could incentivize more people to buy THETA for staking.
Live Theta Value and Market Cap
The live THETA value varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux.
Given THETA’s volatility, its current price can change by a large amount in a very short space of time. The market cap of Theta is equal to the price of THETA multiplied by the number of THETA in the circulating supply.
Theta Price FAQ
What is the highest Theta Network price in EUR?
Theta Network price history shows that THETA has recorded a peak value of EUR.
What is the lowest Theta Network price in EUR?
THETA price history shows that EUR EUR is the lowest recorded Theta Network value.
How can I buy Theta Network?
You can purchase Theta Network and over 290 different cryptocurrencies in seconds with Kriptomat, learn more about how to buy Theta Network. It’s available for immediate purchase at the current THETA price quote of EUR. Current prices are always displayed in the THETA chart.
What is the current Theta Network price in EUR?
Kriptomat data confirms that the current Theta Network price is EUR.
How is the price of THETA calculated?
THETA’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying THETA than selling it, the price goes up, and when more are selling than buying, the price goes down.
Why is the price of THETA different on each crypto exchange?
THETA’s price is based purely on trading as there is no standard global THETA price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.
What will THETA be worth in the future?
It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future THETA value. However, it seems likely that the price of THETA will correlate with the growth and success of the Theta Network. Events that drive adoption such as future partnerships and the launch of more video platforms on the Theta Network, may therefore lead to an increase in THETA price.
Since joining the crypto market, the price of THETA has seen dramatic change, going from lows of under $0.04 to highs of over $16. Its price movements have rarely been smooth, however, as THETA’s volatility has led to plenty of surges and crashes along the way.
Many different factors have played a role in determining the price of THETA, including demand for governance rights, the number of guardian nodes in the Theta Network, and trends in the rest of the cryptocurrency market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.
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