Theta Regains Its Force And Steals the Spot for Top Gainer of the Week

With a 30% gain, THETA is the top gainer for the week.

THETA recovers during the past week and many people are talking about it. The crypto increased by 30%, according to CoinMarketCap. Therefore, it makes Theta Token the top gainer of the week.

Theta Token has come a long way since it was co-founded by Mitch Liu and Jieyi Long in 2018. In addition, it is a blockchain-powered network purpose-built for video streaming.

In March 2019, Theta launched its own mainnet. The mainnet then operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is guided by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.

As the firm is expecting to release the Theta protocol today, we can say that this is a possible reason for the price surge. The release will mark a major milestone for the usability change on the Theta blockchain.

Other reasons behind this unexpected swell in THETA’s price could be due to additional developments and successes within the Theta blockchain. For example, 4 days ago, ThetaDrop — the NFT marketplace on the Theta Network, shared a piece of news.

4 months ago, The THETA price was trading at $14.99 with a 24-hour trading volume of $2.9 billion, at the time, according to CoinGecko. But, at the time of writing, Theta is trading at $6.14, according to CoinMarketCap.

With a 30% gain, THETA is the top gainer for the week.

THETA recovers during the past week and many people are talking about it. The crypto increased by 30%, according to CoinMarketCap. Therefore, it makes Theta Token the top gainer of the week.

Theta Token has come a long way since it was co-founded by Mitch Liu and Jieyi Long in 2018. In addition, it is a blockchain-powered network purpose-built for video streaming.

In March 2019, Theta launched its own mainnet. The mainnet then operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is guided by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.

As the firm is expecting to release the Theta protocol today, we can say that this is a possible reason for the price surge. The release will mark a major milestone for the usability change on the Theta blockchain.

Other reasons behind this unexpected swell in THETA’s price could be due to additional developments and successes within the Theta blockchain. For example, 4 days ago, ThetaDrop — the NFT marketplace on the Theta Network, shared a piece of news.

4 months ago, The THETA price was trading at $14.99 with a 24-hour trading volume of $2.9 billion, at the time, according to CoinGecko. But, at the time of writing, Theta is trading at $6.14, according to CoinMarketCap.