What Is Theta (THETA)?
Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.
Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.
Developers say that the project aims to shake up the video streaming industry in its current form – centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.
Who Are The Founders of Theta?
Theta was co-founded by Mitch Liu and Jieyi Long in 2018. Liu has a long history in the gaming and video industries, co-founding video advertising firm Tapjoy, mobile social gaming startup Gameview Studios, and THETA.tv, the live streaming platform whose DApp was the first to be built on the Theta protocol.
Long is Theta’s second co-founder and CTO, following similar multi-year experience in design automation, gaming, virtual reality, and large scale distributed systems. He authored multiple peer-reviewed academic papers and holds various patents in video streaming, blockchain and virtual reality.
Theta now has a modest team, and its official website lists strategic corporate investors as Samsung NEXT, Sony Innovation Fund, media investors BDMI Bertelsmann Digital Media Investments, CAA Creative Artists Agency, and traditional Silicon Valley VCs including DCM, Sierra Ventures and the VR Fund.
Theta Network Price Prediction
If you’re looking for Theta Network price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Theta Network (THETA) will go in the future? We will analyze the past prices of Theta Network (THETA) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
Theta Network Overview
|Coin Name||Theta Network|
|USD Price||$ 3.15|
|24h Volume||$ 347,606,730|
Theta Network (THETA) Price Prediction
At reconshell.com we predict future Theta Network price predictions/THETA forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Theta Network. We do our best to collect maximum historical data for the THETA coin which include multiple parameters like past price, Theta Network marketcap, Theta Network volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Theta Network Price Prediction 2022
According to our deep technical analysis on past price data of THETA, In 2022 the price of Theta Network is predicted to reach at a minimum level of $4.17. The THETA price can reach a maximum level of $4.92 with the average trading price of $4.33.
Theta Network Price Prediction 2023
The price of Theta Network is predicted to reach at a minimum level of $5.95 in 2023. The Theta Network price can reach a maximum level of $7.36 with the average price of $6.16 throughout 2023.
THETA Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Theta Network is predicted to reach at a minimum level of $8.91. The THETA price can reach a maximum level of $10.17 with the average trading price of $9.22.
The price of 1 Theta Network is expected to reach at a minimum level of $13.16 in 2025. The THETA price can reach a maximum level of $15.73 with the average price of $13.53 throughout 2025.
Theta Network Price Prediction 2026
Theta Network price is forecast to reach a lowest possible level of $18.36 in 2026. As per our findings, the THETA price could reach a maximum possible level of $22.49 with the average forecast price of $18.90.
Theta Network Price Prediction 2027
According to our deep technical analysis on past price data of THETA, In 2027 the price of Theta Network is forecasted to be at around a minimum value of $27.52. The Theta Network price value can reach a maximum of $31.54 with the average trading value of $28.28 in USD.
Theta Network (THETA) Price Prediction 2028
The price of Theta Network is predicted to reach at a minimum value of $41.17 in 2028. The Theta Network price could reach a maximum value of $47.32 with the average trading price of $42.30 throughout 2028.
Theta Network Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Theta Network is expected to reach at a minimum price value of $60.37. The THETA price can reach a maximum price value of $71.95 with the average value of $62.06.
Theta Network (THETA) Price Prediction 2030
The price of Theta Network is predicted to reach at a minimum value of $85.96 in 2030. The Theta Network price could reach a maximum value of $101.54 with the average trading price of $88.44 throughout 2030.
Theta Network Price Prediction 2031
Theta Network price is forecast to reach a lowest possible level of $126.22 in 2031. As per our findings, the THETA price could reach a maximum possible level of $150.55 with the average forecast price of $129.76.
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.
How Many Theta (THETA) Coins Are There in Circulation?
Theta involves two tokens: THETA and TFUEL. THETA exists only for governance purposes, with 5 TFUEL tokens issued per 1 THETA held at the time of the mainnet launch in 2019.
THETA itself launched in 2018, at which time it was distributed to buyers as an ERC-20 token on Ethereum. Afterwards, all ERC-20 THETA were converted to native THETA on the mainnet.
The total supply of THETA is capped at 1 billion (1,000,000,000) tokens. It is distributed in various proportions among all network participants, as well as the Theta team itself and a reserve pool.
TFUEL is used to power transactions in a similar way to gas on Ethereum (ETH). Its total supply is 5 billion (5,000,000,000) tokens.
How Is the Theta Network Secured?
Theta uses a financial incentive scheme to ensure user participation in governance activities, and hence its network is secured by its own users.
The network relies on proof-of-stake (PoS), and employs a multi-level Byzantine Fault Tolerance (BFT) consensus mechanism to balance security with high transaction throughput.
With the launch of Guardian nodes in June 2019, Theta ensured that no single entity controls the majority of THETA tokens being staked at any one time.
Where Can You Buy Theta (THETA)?
THETA, as the main token for the Theta platform, is freely tradable on major exchanges. Pairs include cryptocurrencies, fiat currencies and stablecoins.
As of October 2020, the highest volume pairs come from Binance, with the most popular trading currency being stablecoin Tether (USDT).