Theta is a blockchain-based decentralized video delivery network designed to power the next generation of video streaming services. It aims to be an alternative to YouTube and Netflix, as well as other centralized video platforms.
The theta nft is a cryptocurrency that uses a different type of blockchain. Theta was created by the founders of LBRY, a decentralized content platform.
AltFINS experts perform technical chart analysis of the top 30 cryptocurrencies in addition to automated chart patterns. These are known as Curated Charts, and they assess five key technical analysis principles: Trend, Momentum, Patterns, Volume, Support, and Resistance.
Technical analysis of Theta (THETA):
Trade setup: Price broke over the $7.50 resistance level and the 200-day moving average to indicate a trend reversal. Price may now revisit $10. (Provide a price alert)
Short-term trends are up, medium-term trends are neutral, and long-term trends are down.
The current trend is bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
The On Balance Volume (OBV) is increasing, suggesting that traffic on up days exceeds volume on down days. As a result, demand (buyers) outnumbers supply (sellers).
Support and Resistance: $6.50 is the closest support zone, followed by $5.00. The closest resistance is at $7.50, which it has already broken, followed by $10.00.
Here is a live Theta (THETA) chart.
More curated charts for the top 30 coins can be seen here.
Recent research and news:
Theta Network (THETA) and ONE Championship have teamed together to create the NFT Marketplace.
What Makes Theta Network So Lucrative?
Why are THETA, ENJ, CHZ, and other cryptocurrencies competing with major altcoins?
According to Tyler Swope of Coinbase, these four crypto assets may be included soon.
For the upcoming World Poker Tour season, Theta Network will introduce an NFT marketplace.
Some of these alts are making a return, including ETC, SOL, and THETA.
More real-time news may be found here.
What is the definition of Theta (THETA)?
On the altFINS portal, you may read the entire description as well as the latest news.
Overview
Theta Token is the native asset of the Theta Network, a blockchain technology that aims to improve the quality and delivery of streaming video content.
History
The Theta Network is a blockchain system that aims to make the process of producing, broadcasting, and consuming video content on the internet more efficient. In the network, tokens are used to encourage users to behave as peers, sharing redundant or surplus compute and bandwidth resources with other peers. The network blockchain also allows peers to pull streaming from other peers rather than the original distributor, which may improve video distribution efficiency and reduce delivery costs.
Technology
The network is a Proof-of-Stake blockchain, which the team believes would best satisfy the video streaming platform’s ultra-high transaction throughput, storage consumption problems, and rapid consensus needs. The blockchain also has a multi-level Byzantine Fault Tolerance (BFT) mechanism that attempts to offer the same degree of network security as Bitcoin or Ethereum while validating many more transactions per second. It uses multi-level BFT to allow a small group of nodes known as a validator committee to create a chain of blocks as quickly as possible, while thousands of additional network members known as guardians may verify the chain’s authenticity. The validator committee is a subset of the Guardians. Valid blocks must have two-thirds of the guardians present. Tokens were first issued on Ethereum as ERC-20 compliant tokens, however they were subsequently swapped one-for-one for native Theta Network tokens. On March 15, 2019, the Network’s mainnet became live.
Details on the Supply Curve
The coin supply is limited to one billion and will be distributed as ERC-20 compatible tokens at first. On the network blockchain, all tokens were exchanged for native THETA tokens when the mainnet debuted. Gamma, the Network’s native operational governance token, is also in circulation. Every Theta Token holder got 5 Gamma tokens when the mainnet went live.
Messari provides asset profiles. Messari hosts the original version.
The theta token price prediction is a cryptocurrency that was launched in 2018. It is often referred to as the privacy coin.
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