Connect with us

News

Is THETA a Good Investment?

Published

on

Theta Good Investment
Share this post

Theta cryptocurrency is making a headwind in the video stream industry. The token is taking the blockchain to video streaming. To achieve that, it is looking for a way to decentralize video streaming and video on demand.

The goal of the project is to enhance high-quality video streams without the various challenges often seen today. Also, they plan to use bandwidth and storage from users to limit the cost of video streaming while, at the same time, improving the video quality.

For this article, we will examine the theta cryptocurrency closely and analyze the various use cases of the coin.  This will help you to make investment decisions regarding Theta.

Is Theta a good investment? This is a question often asked in the crypto community. For an answer read on to draw your own conclusions.

What is Theta?

TETHA-Team

Theta is a blockchain-powered network developed mainly for video streaming. It was launched by Mitch Liu and Jieyi Long in 2018. The theta mainnet operates as a decentralized network that allows users to share bandwidth and various computing resources on a peer-to-peer basis.

The cryptocurrency developers are looking for ways to solve the challenges that are faced by the video streaming industry through an innovative new blockchain. For instance, the platform’s layout removes the bottlenecking of traditional content delivery pipelines.

This issue can be called the “last mile” issue by professionals. It is one of the major concerns for high-resolution, high bitrate 4k, 8k, and next-generation streaming platforms.

One of the main unique features of the project is that it seeks to decentralize video streaming, data delivery, and edge computing. Thus, making it more efficient, cost-effective, and fair for industry users.

Theta: The Next-Generation Video Delivery Powered by You

Theta has established itself as one of the cryptocurrency projects which wants to solve one of the major problems that internet users face daily.

From the future projections by experts, video streaming is projected to grow at a compound annual growth rate (CAGR) of more than 20 % in the next few years. And the revenue from the video streaming industry is expected to rise above $500 billion before 2025.

Although Netflix and YouTube already have headway in the industry, however, the decentralized video streaming network like Theta is growing faster. This growth has given rise to various speculation on the cryptocurrency.

With the increasing popularity of the THETA coin, there are more and more people who are interested to know if it is a really good investment or it is just for short-term speculation.

Furthermore, there are a lot of benefits that come with this project. Theta users enjoy access to a global infrastructure for video content and data delivery.

This open-source project offers esports, music, TV/movies, education, enterprise conferencing, peer-to-peer streaming, etc. Also, the pattern with which the platform is decentralized ensure that Theta is powered by users.

It is crucial to note that Theta blockchain is the only blockchain that is purpose-built for video content distribution. The platform utilizes independent reputation mining.

When a caching node mines a new Theta block, it estimates a reputation score for itself. It gauges the amount of video stream relayed. Maximum reputation increases the block reward and encourages the node operators to relay more video.

The Theta blockchain uses global reputation consensus. That is, when a new block is mined, all nodes confirm the reputation of the node that mined the block.

What Is the THETA Token Used For?

THETA is the native governance token of the platform. It was unveiled in December 2017 and was issued as ERC -20 tokens. When the blockchain was unveiled, these ERC -20 tokens were exchanged for native tokens at a ratio of 1:1. The token is used to perform various governance tasks within the network and counts Binance, Google, Blockchain ventures, etc., as enterprise validators.

Additionally, the token is also used to stake as a Validator or Guardian node, to produce blocks, and to participate in the protocol’s governance.

The network runs on a native blockchain with two native governance tokens; Theta (THETA) and Theta Fuel (TFUEL). Users are rewarded when they watch network content and share network resources. The reward comes in the form of TFUEL tokens.

The Theta.tv is the network’s main streaming service. It allows users to view and post their videos from here. One of the most exciting things about this Dapp is that it will likely be included on future Samsung galaxy phones.

This will put Theta software on 75 million existing devices. This will invariably increase the user base of the coin and also increase its value, making it a profitable investment.

On its mechanism, the network operates on a proof of stake (PoS) mechanism, which is known as Multi-Level BFT. This pattern of consensus mechanism is much faster than the normal proof of work (PoW) system.

The Multi-level BFT mechanism makes use of a small set of nodes to speed up approvals. In summary, this mechanism allows the network to process transactions faster.

Where Can I Buy THETA?

There are a host of cryptocurrency exchanges where users can buy and trade the THETA coin. However, the token is still relatively unpopular and is therefore listed in a few of the exchanges.

Users can buy TETHA token on the Binance cryptocurrency exchange. With a credit or debit card, users can buy the coin on the Binance platform.

Additionally, you can also buy the token in Gate.io, Huobi Global, OKEx, Upbit, and FTX cryptocurrency exchange. However, you can also buy other cryptocurrencies or stablecoins like BTC, ETH, USDT, BUSD, etc., and trade them for THETA coin in any of the listed exchanges. The process is very simple and straightforward.

THETA Token Price Predictions for 2021

THETA is a cryptocurrency that offers value to users. It is one of the major factors why the cryptocurrency value will likely surge in the future.

The THETA coin, which started the year slightly above $2, has risen by more than 300%. However, while most people attribute this rise to the altcoin bullish season, it is worthy to note that the video streaming industry, which the cryptocurrency focuses on, is rising daily at an unprecedented rate.

In the same vein, many cryptocurrency price prediction platforms have also revealed their opinion concerning the cryptocurrency in the year. For instance, Digitalcoinprice, a popular crypto forecast platform, predicts that THETA coin will trade above $40 in 5 years.

theta price forecast

Walletinvestor estimates that THETA price will surge above $85 in the next 5 years. They based their prediction on the historical price chart of the coin. They see it as an excellent investment.

Coinpedia, another crypto forecast platform, theta price prognosis for five years is above $35. They also used the historical price data and the various innovations going on the network as the basis for their forecast.

Tradingbeasts thinks it could trade above $20 in 5 years and see the coin as a profitable long-term investment.

In addition, we went further to look into individual opinions on the value of the coin in the year. With the data available online, we can see that most individuals are highly optimistic about a future THETA price increase.

For instance, a Twitter user, @altcoin_junkie, forecasts that the price of THETA will hit $80 before the end of the year.

Also, another user, @mila_digita, thinks that THETA price will reach $100 before the end of 2021.

Looking further, another popular crypto investor, @AliKhan666, projects the Theta coin price to exceed $25 in the future.

Comparing the various THETA price prediction for 2021 above, we could deduce that all the platforms and individuals see the THETA coin price rising in the future. Although no one can accurately predict the future, with the various partnerships and innovations in the platform, the project is going to be a profitable investment.

Also, coupled with the fact that the cryptocurrency is trying to offer users an opportunity to stream videos in an easy and efficient manner, we could see more people adopting it soon.

Will THETA Come Close to $15 Again?

In April 2021, THETA rose to $13 before falling back to around $8 that we have right now. The question right now is will it reach $15 and even surpass it. According to Digitalcoin, that is a possibility as the token is predicted to reach $15 and surpass it in 2023.

Will the THETA Token Crash?

The THETA token has strong backing as it counts the likes of Binance, Gumi, Samsung, Google, etc. as its Enterprise validators. Additionally, the protocol has thousands of community-run guardian nodes. This makes the idea of the token crashing unlikely.

THETA is a scam: How true is that?

Given the association of the token with reputable brands such as Samsung, Google, etc. It is unlikely for brands as reputable as that to associate with a scam token. They will have done due diligence before embarking on such a project. So, it is not true that the THETA token is a scam. However, that a token will be successful is a different matter entirely and so far so good for the THETA token.

So, Should I Invest in THETA?

Theta could be a good investment because of its high prospect of future growth. One such instance is the various partnerships it has entered, which led to more popularity of the coin and an increase in value.

For example, the coin entered into a partnership with Google in May 2020. The deal involves google powering the cloud infrastructure of Theta, and Google users can deploy and run nodes on the network. This partnership was seen as a breakthrough for the cryptocurrency.

In another development, the cryptocurrency also entered into another partnership with Samsung, which involves the South Korean tech giant installing Theta TV, the decentralized video streaming platform, on all new Galaxy S20 smartphones.

Also, let’s not forget the partnership they entered with Nervos, a blockchain from china. The deal will allow Nervos to provide video content on Theta.tv.

These partnerships might turn out to increase the future value of the token. It will probably increase the rate of adoption of the platform too. The coin is one of the hottest trending coins in the year.

Video streaming is not going away anytime soon, and the blockchain platform has only just begun to roll out in the beta phase. It could blossom into a thriving decentralized ecosystem. So, in summary, with the thriving multi-billion-dollar video streaming industry, the Theta token could highly become a profitable short and long-term investment.

Conclusion

Since the project was unveiled in 2016, there has been massive development on the network. With THETA now live on the SILVER TV platform and with the mainnet working well, the cryptocurrency is set to increase in popularity and adoption. The team is already working hard to expand the partnerships and reach of the Theta network.

In this 21st century, where various technological innovations are rising daily, video streaming has the capacity of becoming one of the most sorts after innovations in the future.

The only question is whether they can succeed. However, with what we have seen so far, we are hopeful that the platform will evolve sooner than anticipated. So, it is safe to say that theta cryptocurrency is going to be a profitable investment. If you found this article helpful, drop your comment below.

cryptotelegram-telegram-banner

Crypto enthusiast since 2016, learning every day about blockchain and the different projects that appear in the crypto-ecosystem. I write about cryptocurrencies because I want to help people get to know this exciting world.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending