The cryptocurrency market is seeing a rise in gaming projects. Many projects are aiming to bridge the gap in the gaming industry through providing an open and fair infrastructure. We are referring to decentralization and blockchains specifically. A newcomer has managed to make it into the Top 10 cryptocurrencies according to market capitalization in the last few weeks. Meet THETA token, a cryptocurrency that exploded more than 500% in three months. We’ll be looking at the real purpose of this project in this article.
THETA Network
Theta Network is a great choice for streaming and gaming enthusiasts. Theta is a blockchain that supports video streaming. This project aims to compete with the centralized Big Players, which are either unfair to content creators or weak ecosystems for the spectators. It operates a decentralized network in which participants share bandwidth, computing power and infrastructure (P2P) through a Peer to Peer network. Users can also become affiliates, partners, or creators. Monetization is more lucrative than traditional streaming services. As advisers, the project claims to have the Cofounder of Youtube and Twitch. This is a crucial part of Theta’s success, as the advisers are from the same industry and can bring all their experience and knowledge to Theta.
THETA Token
Is THETA Token available on Ethereum? Theta was once an ERC-20 token. However, it no longer operates on Ethereum. It operates on its own blockchain, the THETA Network, and does not rely on Ethereum. Theta also integrates smart-contracts into its blockchain. It also employs a multi-level Byzantine Fault Tolerance consensus mechanism (BFT), to balance security and high transaction throughput.
Theta has two tokens, THETA or TFUEL: THETA is a governance token that gives its holders the power to shape the future of the project. The total supply of THETA tokens is 1 Billion. It is like “Gas of Ethereum” except for THETA.
TFUEL is a way for transactions to be made on the blockchain. They are also created in a manner to be on a 5-to-1 ratio with THETA. This means that there are 5 billion TFUELs already mined.
Can THETA reach $100?
TheTA has already seen a significant price rise. The price at the beginning of January 2021 was USD 2. It climbed to USD 13 within three months, an increase of more than 500%. What caused this price to soar? This project is driven by many partnerships and deals with “Big Tech”. Their platform is also up and running, unlike other gaming projects that are still concepts or ideas. THETA has partnerships with Google, Binance and Sony as well as Samsung.
THETA broke through the top 10 cryptocurrencies in terms of market capitalization. It currently sits at #9 with around USD 13 billion in market cap. If THETA’s price were to reach USD 100, its total market capitalization should be around USD 100 billion. This scenario is not realistic in the short-term. Binance, which boasts 100 million active users, has a market capital of USD 41 billion. TheTA currently has approximately 1 million active monthly users. To reach a market capital of USD 40 billion and a THETA price at USD 40, THETA would have to increase its user base by 10x.
How do I buy THETA? It’s very easy. You can buy THETA at BINANCE. This exchange has the THETA! It is reliable, has good customer service, and offers a wide range of assets. Awesome There are many other brokers that offer THETA such as Huobi Global, OKEx and Upbit. Binance’s liquidity however is the best.
Is THETHA a good investment?
Let’s review the key elements of THETA.
- Gaming (big industry)
- Blockchain (obviously amazing)
- Big tech partnerships (nice)
- Solid advisory board (coming soon from industry experts)
- A successful timeline (they deliver what they promise)
- Currently up and running streaming platform (THETATv)
Given the above, THETA is certain to break into the Top 10 cryptocurrency market capitalization rankings. VR integration is a huge component that could bring THETA new horizons. The gaming industry is on the upswing. It is worth looking into and adding to your portfolio.
Ethereum to Cash
Ethereum (ETH) is really a prominent crypto-asset. It really is traded across virtually all exchanges – whether main or minimal or centralized or not. This is a project with higher trading volume and therefore liquidity. Aside from Bitcoin, it rightly qualifies because the “second reserve foreign currency of the crypto-planet”. All cryptocurrencies have a investing set against Ethereum. If crypto must go mainstream, Because of this, we are highly thinking about the question “Could it be changed into cash? ” Yes, certainly. And you can find a couple of methods to do that thing.
Coinbase
The initial one is making use of Coinbase, you can create a merchant account there, in a several simple steps. The only details you are required to provide may be the name, email and a secure password. It’ll later require your mobile number, to help expand secure your account, by using two step verification (Search engines Authenticator could also be used).
It is possible to either acquire Ethereum by investing against various other cryptocurrency pairs or simply transfer it from any crypto-accounts, to be cashed out. Later on, you can simply switch it to FIAT and deliver it to your money or Paypal. Additionally it is tied to your money or Paypal account. Nevertheless, Coinbase has tight Know your Client (KYC) and Anti Cash Laundering (AML) plans and you might be necessary to produce identity paperwork (ID, passport or driving permit etc) for more verification or increasing limitations on your account. Hence, it could not be preferable for folks, concerned about personal privacy and who want not be tracked. Furthermore, the service isn’t obtainable in all the countries.
Local Cryptos
Local Cryptos allows someone to trade ethereum and bitcoin over-the-counter, by allowing visitors to escape the intermediary (alternative party). It is possible to exchange ether to money and vice versa with various interested parties or investors. The service is actually an encrypted trust-less market and features decentralized escrow service. The sign up process is simple and convenient. The converted money be deposited to lender accounts, gift cards, profit person, card less money operated by banks, cash gram, western union, international cable and dozens others. Exactly the same process is possible backwards, obviously. Unlike Coinbase, Nearby Cryptos doesn’t depend on one central party but instead separate parties and you could choose how much of one’s information you need to disclose. PayPal or various other centralized services, it is possible to simply switch your ethereum to the usual cash!
Independent Traders
In the end, in the event that you don’t like other things, there’s always the choice of dealing with traders, operating individually of any platform, who is able to convert your ethereum to money and vice versa. The dangers are obvious such as for example trust issues and security difficulties. Because of those, it should end up being the final choice plus if you thought we would go down that route, it wouldn’t hurt to obtain reviews of people, who’ve traded using them before.