The price of Theta (THETA) and many projects in other crypto asset markets in 2021 was like a rollercoaster ride aka ups and downs. However, as is the nature of crypto, many tokens subsequently hit new all-time highs and then spent the following months drifting lower—usually because the hype surrounding the project faded and traders moved to “greener pastures”.
That is also the case with Theta, a decentralized broadcasting platform that allows its users to earn rewards by donating their computing resources to the health of the network.
As is known, Theta token started its journey on December 11, 2020, rising 2.468% from a price of US$0.621 to a new record high of US$15.90 on April 16, 2021. This happened after Global 500 companies such as Google and Sony Europe joined the program. network validator and Theta Labs were granted patents both on designs for decentralized blockchain-based video and data delivery.
Citing data from Cointelegraph Markets Pro and TradingView, it is known that since hitting a high of US$5.98 last December 27, the token price has dropped to its main support around US$3.85 as the broader cryptocurrency market has fallen under pressure.
Even with this reversal of fortunes, Theta still has a number of basic reasons for shareholders to be bullish in the long term. There are at least three reasons for THETA to remain bullish in 2022, including the upcoming launch of the Theta Drop non-fungible token (NFT) marketplace, the addition of new staking resources, and an overall focus on live streaming and gaming now backed by partnerships and partnerships. big name integration.
The Drop Launch on February 1—Theta Price
One of Theta’s biggest developments this year has been the full launch of its Theta Drop NFT marketplace. The plan for sending TDRop governance tokens to members of the Theta community begins on February 1.
To note, Theta Drop has no plans for a token sale. Instead, however, they plan to release their 20 billion supply of tokens over a 4 year period to community members providing NFT liquidity mining or staking THETA, TFUEL and TDRop on the network.
In addition to the launch of The Drop, the network is already seeing that a number of new projects are being launched on its blockchain, including the OpenTheta NFT marketplace and the Voltswap DeFi platform, which supports Theta-based asset exchange.
On the other hand, protocols such as Meter Passport and ThetaBridge also support asset bridges between Theta and other Ethereum virtual machine (EVM) compatible networks.
Staking Access Increases—ThetaHarga Prices
Another potentially bullish factor for Theta and its utility TFUEL and gas tokens is increasing access to staking. When the network was first launched, users were required to risk a minimum of 10,000 THETA to operate “a guardian node” and help secure the network.
In the end, the minimum required was lowered to 1,000. However, the price of this token moved above US$14 in early 2021 and resulted in most token holders not being able to meet this threshold as well.
That has led to the creation of sites like GPooL and, more recently, Thetaboard, which give THETA and TFUEL holders access to stake small commissions.
On the other hand, Thetaboard also launched its own NFT marketplace in order to serve the growing NFT ecosystem which includes limited edition NFT collections released by popular celebrities like Katy Perry.
Blockchain Gaming and Video Streaming Still a Growing Sector
Here’s the next reason: the protocol’s focus on advancing blockchain-based video and gaming streaming and its current partnerships with Samsung and Sony. Gaming itself is one of the breakthrough sectors of the crypto ecosystem in 2021. That trend is also observed to remain strong this year because blockchain technology continues to lead to mass adoption.
In this regard, Theta.tv interface users can earn rewards by watching community members play games, such as League of Legends or The Witcher 3: Wild Hunt. On the other hand, non-gamers can watch, contribute and earn by watching channels from NASA or the World Series of Poker.
Furthermore, the protocol also benefits from several big-name collaborations, including a partnership with Samsung that will see the Theta.tv app loaded on smart TVs released by the company.
This will allow users to receive TFUEL rewards for watching their favorite shows. In addition, Theta partners with Google, Sony, and all three companies (including Samsung) to operate as validator nodes for the network.
Tetha at INDODAX
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