THETA coin has had an interesting 2021, but what will happen in 2022?
In this forecast
The THETA coin has become a hot topic in the world of cryptocurrency. You might be interested in THETA coin news and finding out what’s going to happen to it. Can you make a THETA coin price prediction? Let’s have a look.
THETA coin history
Since the start of the coronavirus pandemic and the associated lockdowns, live streams of music concerts and sporting occasions have proved incredibly popular. But the quality is poor for some live streams.
Content creators aim for high quality, but existing technology can’t quite keep up with what people want to achieve. This can be a problem, especially when people have paid to watch a stream and suffer poor picture quality and buffering.
In 2017, a new system was created that could make a change for the better. Jieyi Long, a businessman with a background in virtual reality live streaming technology, and Mitch Liu, an entrepreneur who had set up online advertising and mobile gaming companies, joined forces to come up with the Theta Network, which uses the blockchain to improve streaming.
The idea is for geographically linked networks of operators – content delivery networks (CDNs) – to deliver online video streaming content, much of it live. But because CDNs are restricted by their geographic locations, they are unable to keep up with higher-quality streams.
Theta Network creates a worldwide group of users who offer their spare bandwidth and other resources to help stream videos. In theory, more bandwidth means high-quality streams with less buffering.
How does it work? Let’s show you.
Developers can use the Theta Network to build decentralised applications on top of its blockchain, such as apps for royalty distribution and crowdfunding. Theta is becoming popular with online content creators who want more control over their videos – how they are watched, their quality and how they get paid for them.
The Theta blockchain runs in the background, helping to establish a consensus mechanism and pay out rewards. It has two native currencies – Theta Fuel (TFUEL), used to pay out rewards to the Edge Nodes, and THETA coin, which went live in 2019.
In 2018, the company held a private sale of 30% of the one billion THETA coins available. This raised around $20m (£15.2m) and started to generate interest in the Theta token. THETA coin, which is really a token, allows people to stake a claim on voting rights and validate transactions.
An important thing to note when looking at the THETA price is its limited supply. You can’t mine the token. You must wait for someone to sell it.
THETA price history
The THETA price stayed around the $0.10 mark for the first couple of years of its existence, but last year, things started to move. It broke the $0.20 barrier in May 2020, hit $0.70 in early December and passed $1 for the first time on 22 December.
And then the price soared. It reached $2.13 on 5 January 2021 and $3.19 on 14 February. At the end of February, it stood at just under $3.10. In March it really took off, ending the month at $12.21, an increase of more than 293%. It reached an all-time high of $15.08 on 16 April.
The THETA coin suffered huge losses over the cryptocurrency crash of 19 May 2021. By 3 June, it was worth $8.93, considerably more than it was at the start of 2021, but still no way near its all-time highs of a few months earlier, hitting lows of $4.75 in late September. However, some losses have since been intermittently recovered, peaking again at $8.35 in late October, and moving again in a steady upward trend since, boding well for the coin’s long-term survival. However, many cryptocurrencies struggled over the December 2021 period and the price of THETA as of 14 January 2022 is $4.01.
That’s the history. What of the future? Can we make a THETA coin price prediction for 2022 and beyond? Let’s have a look.
THETA coin price predictions
Looking to the future, WalletInvestor has a THETA price prediction of $9.32 in a year and $29.88 in five years. DigitalCoinPrice is a bit more cautious, saying it should reach $8.33 after one year and up to $14.82 in five years in 2027. What price will THETA reach in 2022? WalletInvestor suggests average highs of $8.70 over the course of November 2022.
CryptoGround suggests a value of $7.46 in one year and $21.65 in five years.
TradingBeasts says the THETA price is forecasted to reach $4.13 by the beginning of February 2022. The maximum price of a token will be $5.09 in the May of 2022.
Any good THETA coin review will tell you that price predictions are often wrong. Remember that cryptocurrencies can be highly volatile. The value of investments can go down as well as up. You should never invest more than you can afford to lose.
FAQs
For THETA coin price predictions, the trend is debatable. The consensus among some analysts is that it will rise, although by how much and how quickly is a matter of conjecture. As ever, remember to do your own research.
It’s probably fair to say the THETA price won’t break through the $100 barrier any moment soon. The most optimistic THETA coin price prediction comes from WalletInvestor, which predicts the coin reaching $33.42 in 2026. That’s not to say it won’t ever reach $100. However, if you have THETA, you should be prepared to wait quite a long time for it to hit that mark, if it ever does.
THETA coin can be bought through cryptocurrency exchanges, including Binance, OKEx, FTX, Upbit and Huobi Global. If you want to buy THETA, don’t confuse it with Theta Fuel (TFUEL), which is used on the Theta Network to carry out transactions.
