THETA Token Report
Theta is a Layer 1 blockchain and decentralized platform designed for video, AI, and entertainment applications. It operates as a “dual network,” comprising two interconnected subsystems: the Theta Blockchain and the Theta Edge Network. The Theta proof-of-stake blockchain manages payments, rewards, staking, and smart contract functions, while the Edge Network handles the computing, storage, and distribution of video streams, AI processing, and other tasks related to scientific, simulation, and financial modeling.
THETA is ranked #56 with a market capitalization of over $1.52 billion. The current market price of the token is 1.54 USDT
The THETA/USDT price had been on a downward trend since early March, 2024. On the daily time-frame, the trend has broken out of the flat consolidation levels with good volume support. An immediate support is expected at 1.45 USDT and next resistance is expected at 1.68 USDT.
Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.
Start your Crypto Investments with XMINT Bots today
MintingM Rating – 3.83/5
