With Theta’s new mainnet 3.0, the network aims to be the go-to blockchain-powered content delivery platform for online streaming. Will Theta succeed?
THETA is the cryptocurrency powering the Theta Network and it can be staked by those wishing to become Validator or Guardian nodes. THETA allows nodes to validate transactions, produce blocks, vote on changes to the network and earn TFUEL as a reward.
What you'll learn 👉
How does Theta blockchain work?
The Theta blockchain is a decentralized infrastructure that seeks to improve video streaming and delivery.
Companies or websites providing video streaming content have traditionally kept it all in one centralized system. While this may be convenient at first, if enough viewers try to access the content all at the same time and put pressure on the system, the stream can become slow and choppy. To remedy this, streaming providers will opt for a content delivery system, in which they disperse a group of servers so viewers don’t put as much stress on one single access point, ensuring a smoother stream. But this can be costly.
Theta blockchain is seeking to disrupt this model by essentially setting up a peer-to-peer network that taps into people’s computers to utilize their unused bandwidth. Now, when someone attempts to view content that is available on the Theta Network, some of the data powering that content will come from the main server hosting it, while some will come from the Theta Network.
What Makes Theta Unique?
Theta’s main business concept is to decentralize video streaming, data delivery and edge computing, making it more efficient, cost-effective and fair for industry participants.
The network runs on a native blockchain, with two native tokens, known as Theta (THETA), Theta Fuel (TFUEL), powering the internal economy.
Theta’s appeal is threefold: viewers get rewarded with better quality streaming service, content creators improve their earnings and middlemen — video platforms — save money on building infrastructure and increase advertising and subscription revenues.
Users have an incentive to both watch network content and share network resources, as rewards come in the form of TFUEL tokens.
The platform is open source, and token holders receive governance powers as with many proof-of-stake (PoS)-based blockchain ecosystems.
In addition to video, data and computing, Theta caters to developers looking to launch decentralized applications (DApps) on its fully featured EVM-compatible Smart contract platform.
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THETA Price Prediction For The Next 90 Days
Following the landmark approvals of Bitcoin ETFs earlier this year, there has been a surge in interest from both retail and institutional investors. This could be a game-change for crypto. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative finish of the year. At least this is what crypto traders hope for. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Now, attention is turning towards post-halving rallies, with the BTC halving and ETH ETFs now well behind us. Ripple was also fined to pay $125 million to SEC based on the most recent ruling decision. This is considered as another victory for XRP. Bitcoin has almost tripled in price since last summer, with the upcoming US elections expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $60-63k now, after it hit a new ATH of $73k in March. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $2,400 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and historical post-halving rallies. Some of the hottest sectors so far this year were memes, RWA and AI projects.
Below is a tabular overview of how will THETA develop in the short-term (for the next 90 days), according to our prediction model:
THETA Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
THETA Price Prediction 2025 – 2030 – 2040
Our prediction model sees THETA reaching new highs in 2025:
$10.75Theta price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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