In this guide, we will voice our own and market’s opinion on TFUEL future while discussing Theta Fuel price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Theta Fuel.
Now, let’s head into it. Before we delve deep into the Theta Fuel price prediction and answer questions if TFUEL is a good investment or not, why will TFUEL succeed or fail or why will Theta Fuel price rise or drop, let’s quickly throw a glance at what is TFUEL and its to date history.
What you'll learn 👉
What is Theta Fuel (TFUEL)
Theta Fuel (TFUEL) is one of the two native tokens on the Theta blockchain. TFUEL should not be mistaken for Theta Token (THETA), which is the governance token of the Theta blockchain supported by thousands of community-run Guardian nodes and its Enterprise validators including Google, Binance, Blockchain ventures, Gumi and Samsung.
Theta Fuel, as the name suggests, is the fuel of the Theta Blockchain and is thus in part comparable to the “gas” on Ethereum or NEO. TFUEL serves as a means of payment for transactions, such as setting up caching nodes or interacting and creating smart contracts. However, it can also be earned, for example, by staking THETA or by providing caching power to other users or interacting with the Theta.tv platform.
TFUEL Price Prediction For The Next 90 Days
Following the landmark approvals of Bitcoin ETFs earlier this year, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative finish of the year, potentially setting new benchmarks for adoption, innovation, and investment. 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 behind us. Ripple was also fined to pay \"only\" $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 recent Wall Street earthquake and the upcoming US elections expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $55k 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 $2,300 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 summer were memes, RWA and AI projects.
Below is a tabular overview of how will TFUEL develop in the short-term (for the next 90 days), according to our prediction model:
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Theta Fuel 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.
TFUEL Price Prediction 2025 – 2030 – 2040
Our prediction model sees TFUEL reaching new highs in 2025:
$0.2231TFUEL price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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