Why 2021 is the Best time to invest in Theta?
Is theta coin a good investment?
We know about the sudden emergence and the rush of excitement the crypto market has brought along with itself. And why shouldn’t it? The surge in demand that it brings along is because of its innovative features and perks for its participants.
Theta is one of those cryptos that have gained immense popularity since their introduction in the market. Ever since Theta has come into the market, it has been gaining huge support from its user.
Investors are getting humungous benefits in the very short term with crypto investments. Quick profit led to several market players and provided reliability and trust for people interested in making profits in a short period.
In this passage, we will discuss the Theta network and its excellent prospects. Theta has got innovative features, ease of trading, and the capability to make quick profits. We will discuss features, benefits, and major aspects in the following paragraphs for your reference.
What is THETA? Brief Summary
Theta is one of the world’s leading native cryptocurrencies. Theta works on an open-source protocol. Developers and network partners create decentralized applications with the help of this blockchain network.
Theta is a peer-to-peer video delivery platform backed by blockchain technology for high-bandwidth and free video content delivery.
How did THETA start?
Mitch Liu, a serial entrepreneur, associated with advertising and mobile gaming start-ups, initiated Theta in 2017. He is an expert on virtual reality and lives streaming content.
Theta team hosted a private token sale to kickstart the Theta project in 2017. They sold thirty percent of the capped one billion crypto units for accumulating twenty million dollars worth of money.
Theta started as a video content delivery platform. Theta provides several types of content such as movies, television, e-sports, music, etc.
How does THETA work?
Theta, similar to Tendermint’s blockchain technology, works on a proof-of-stake consensus method. This mechanism is based on stalking in which network participants lock in many Theta tokens and achieve the authority to process transaction blocks.
Theta provides a real-time reward for end-to-end video content distribution. In addition, developers and participants utilize Theta for creating DApp through open-source blockchain.
Best time to invest in THETA?
If you want to buy THETA in India, this could be the best time to do so. This is due to Theta price being at one of its lowest points this year. Theta is made up of two tokens: THETA and TFUEL. THETA exists solely for governance purposes, with 5 TFUEL tokens being produced for every 1 THETA held at the time of the mainnet’s debut in 2019.
THETA debuted in 2018 when it was released to buyers as an ERC-20 token on Ethereum. Following that, all ERC-20 THETA on the mainnet were converted to native THETA. THETA’s total supply is limited to one billion (1,000,000,000) tokens. It is divided among all network participants, as well as the Theta team and a reserve pool, in varied proportions.
TFUEL is used to fuel transactions in the same way that gas is used on Ethereum (ETH). There are 5 billion (5,000,000,000) tokens in total supply.
Theta Network announced through their Twitter handle on 3rd August 2021 that they have successfully implemented Theta version 3.1.0 after several days of testing. This update will improve user experience and cross-chain tools, including Metamask compatibility and ETH RPC adapter.
Start Investing in THETA
To start investing in THETA and other cryptocurrencies, you must first create an account with a cryptocurrency exchange that allows you to buy THETA in India, sell, trade, and store. A cryptocurrency exchange broker is a website that allows you to trade THETA in India and other cryptocurrencies. If you want to buy THETA in India and get the best THETA price in India quickly and effortlessly BuyUcoin Exchange! is one for you. You can even invest in THETA using your MasterCard, Credit Card, UPI, or NEFT.
Is THETA a good investment in 2021?
Theta has been a solid investment so far in 2021 and should continue to be so. However, following such tremendous performance, it may be worth trading CFDs with another platform and waiting to see how Theta token fares in the short term.
Participants for Theta are classified into the following categories:
- Enterprise Validator Nodes: Companies can stake one million Theta tokens and process transactions on the platform. Prominent Validator nodes include Google, Samsung, and Sony, etc.
- Guardian Nodes: These are community nodes that need consensus by gaining validation at pre-defined points. Guardian Nodes need to stake 1000 Theta coins.
- Edge Nodes: Participants can relay video contents and share bandwidth on Theta.tv.
Theta token’s entry into the top 10 cryptocurrencies by market cap is a contentious move, but only because it appears to have risen out of nowhere. There is no doubting that seeing a currency rise to such prominence in such a short period of time is shocking, but the Theta token may truly command such high valuations and a spot among the top 10.
Everyone wants their favorite coin to be in the top ten, but Theta token is one of the rare coins with a working product that it powers. Theta is also highly complex, more in the vein of Ethereum where it powers an entire ecosystem rather than just a coin with few applications yet incredible value like Bitcoin.
Why invest in THETA?
There are multiple benefits and reasons to invest in Theta network.
- A decentralized video streaming ecosystem is here to stay, and the Theta network is working excellently in this domain. It is clearly the hottest token in the market currently.
- Participants earn rewards in real-time for sharing excess resources and bandwidth.
- Theta is a peer-to-peer video content distribution network that delivers high-quality, efficient video globally.
- Developers and participants can save costs on building infrastructure. It gives an opportunity to focus on innovative business models and ideas.
- Latest and cutting-edge technologies, including Aggregated Signature Gossip Scheme, Resource Oriented Micropayment Pool, and Multi-BFT Consensus.
- Theta builds a community and relationship between the network and content creators. Participants earn more by lower video content streaming expenses.
Apart from these reasons to invest in Theta, It is evolving and adapting to the market rapidly. Out-of-the-box methods and procedures are making the network a more efficient and excellent investment option in 2021 and beyond.
The video streaming sector is projected to grow by around 20 percent from 2020 to 2027. Theta is going to capture a major pie in this sector with its great returns and cost-benefit.
Worth buying THETA in India?
THETA is currently trading at $7.50 USD with a 24-hour trading volume of $361,795,829 USD. THETA has increased by 5.13 percent in the last 24 hours. CoinMarketCap now ranks #22, with a live market cap of $7,496,979,789 USD. It has a total quantity of 1,000,000,000 THETA coins with a circulating supply of 1,000,000,000 THETA coins.
Theta Network announced through their Twitter handle on 3rd August 2021 that they have successfully implemented Theta version 3.1.0 after several days of testing. This update will improve user experience and cross-chain tools, including Metamask compatibility and ETH RPC adapter.
Theta is used to direct throughput to the videos that require the most bandwidth and perform the best in terms of traffic and viewing. Companies must own theta tokens in order to use the blockchain protocol’s services, while a separate currency for gas runs the network itself via a fee-based structure.
Companies like the ones mentioned above can yield greater profit margins through cost reductions, making integrating Theta lucrative and appealing outside of investing alone.
Partnerships with a High Profile:
One of the shining beacons that make Theta so appealing is its relationships. Theta’s cloud architecture is powered by Google, and Google users can operate nodes on the network. All Samsung Galaxy S20 smartphones include Theta.tv. There is also a relationship with Nervos, and dozens of more content partnerships with brands such as NASA are also in the works.
THETA Price Prediction
THETA is a fantastic long-term investment, according to the WalletInvestor Forecast System. THETA can be a beneficial investment option if you are looking for virtual currencies with a high return. At 2021–08–14, the THETA price is 7.494 USD. If you buy THETA today for $100, you will receive a total of 13.345 THETA. According to our projections, a long-term increase is projected; the price forecast for 2026–08–08 is 48.076 US Dollars. The revenue is estimated to be around +541.53 percent after a 5-year investment. In 2026, your current $100 investment may be worth $641.53.
Given its importance, Theta would be a great investment option in 2021. Leading exchanges for trading in Theta are BuyUcoin, Tokocrypto, and OKEx.
Conclusion
Theta token is making a major splash in the cryptocurrency market, but because it is a relatively new coin among the top ten assets in terms of market capitalization, it has prompted a number of significant concerns, which we will discuss below. The following are some of the most frequently asked questions about the Theta token and Theta blockchain network.
Because Theta coin is now so overbought, it may be a better plan to enter crypto in another way for the time being. One option is to use PrimeXBT, an award-winning bitcoin exchange. Users can fund margin accounts with BTC, ETH, USDC, and USDT and trade CFDs on crypto, commodities, forex, and stock indices all under one roof via a secure cryptocurrency wallet.
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**Note: Do not regard this as financial advice; in fact, customers are recommended to perform their own research before considering investing in cryptocurrencies, as the cryptocurrency markets may be highly volatile.**
Why 2021 is the Best time to invest in Theta? was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.