Is Theta A Good Buy?

Last Updated February 7th 2022
6 Min Read

Is Theta a good buy? To better answer this question, you'll first need to understand what Theta is and what potential it has.

The Theta Network is a decentralized video streaming ecosystem powered by users and an innovative new blockchain. Users who participate in the system are rewarded with TFUEL tokens, which can be used to rent Dapp-powered smart nodes.

Theta claims to be the only end-to-end, open-source video delivery network that has zero downtime. Theta's peer-to-peer (P2P) network is powered by users with spare bandwidth and computing resources, who are rewarded with TFUEL for their contributions.

As more users join the Theta network, more bandwidth is available, thus improving the streaming quality of the videos on the network.

This is obviously a powerful technology and one that could potentially revolutionize the video streaming industry.

As a result, Theta has a lot of potential both as a service and as an investment asset. So yes, the coin is definitely a good buy.

So, Should I Buy Theta?

While we don't guarantee that if you buy Theta now, you'll reap a big fortune, the Theta platform is definitely one to pay attention to.

The fact that many investors are already putting their money on this coin says it all. If you want to invest in altcoins now, we believe Theta is a great option.

And there are several reasons why we think Theta is a good buy this year and in the years to come.

First of all, Theta's blockchain technology solves a very real problem.

Right now, the video streaming industry is dominated by major corporations that are looking for ways to monetize their service platforms.

The result is that users are forced to pay high prices that allow these companies to reap mega-profits.

Yes, users can watch videos without being subbed to a channel. However, those videos are very limited and often contain ads that can be very annoying.

In addition, users have no control over the quality of the stream they get. The video is either super-laggy, or it freezes.

This is not a good experience for users, and Theta offers a better but much cheaper solution.

Secondly, Theta is backed by a very strong team.

That's right. We believe this is a very important factor to take into account when picking an investment for your hard-earned money.

In Theta's case, the coin is backed by a solid team of developers that have been in the video streaming industry for a long time and who understand its problems and needs better than anyone else.

For instance, the founder Mitch Liu has rich experience in mobile gaming startups and online advertising, while his co-founder Jieyi Long has previously worked with VR live streaming technologies.

The board of advisers also consist of some very big names in the tech industry. These include YouTube co-founder Steve Chen and Twitch co-founder Justin Kan. There is also Rakuten Viki and CJ Hello, who are both senior executives from Verizon.

So, obviously, Theta isn't an amateur group trying to make a quick buck. Rather, the project is backed by some serious professionals with years of experience in video streaming and other related fields.

But that is not all; the Theta network is bankrolled by a pool of serious investors.

Specifically, the project is funded by large investment firms, including Samsung Next, Sierra Ventures, and Alphabet's GV. Most of these companies have invested in Theta both as a venture capital pool and as an ICO investor.

This means that they have done their due diligence before putting their money into the coin.

And last but not least, there are all the potentials that blockchain technology brings to the table. We believe that Theta has only begun to explore what it can do with this technology, and we're looking forward to seeing the results.

Theta is a strong project that has real-world use and utility value. We believe it's a good buy in 2022 and beyond.

Check Out: Is Theta Worth Buying?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Why Is Theta So Popular Right Now?

Theta's popularity is growing at a very fast pace. This can be seen in the coin's market cap, which rose by an incredible 115,903.449% since its launch until October 2021.

To understand why, let's first take a step back and look at the video streaming industry.

Right now, this industry is dominated by major platforms like YouTube, Twitch, Vimeo, Netflix and others. These platforms are run by giant corporations that make millions or even billions of dollars every year. They do this by restricting the content available to users who are forced to pay outrageous prices for subpar streaming quality. Not surprisingly, these big players are very against blockchain technology because it can seriously undermine their business model.

THETA's aim is to create a decentralized video streaming network by leveraging blockchain technology and its pioneering protocols. In other words, Theta decentralizes the video streaming industry so that it becomes more open, democratic and fair for everyone involved in the process.

This includes users who will no longer have to pay the high subscription fees to take part in this process.

As a result, more and more people are running into Theta. Investors also see a huge potential in this project and are rushing to jump aboard before all the seats are taken. This has made Theta fairly popular both with consumers and investors.

How Much Is Theta Worth Today?

Cuttently, a single THETA coin goes for $3.46, and its all-time high stood at $15.90.

At the moment of writing this article, there are 1 billion tokens in circulation with a total market cap of $3.4 billion and a fully diluted market cap of the same amount.

Theta's market cap has decreased by about 3.37% in the last 24 hours, and the price has also decreased by the same amount.

At press time, Theta recorded a 24-hour trading volume of about $319 million.

The token is currently ranked #43 by market cap and has a market dominance of about 0.18%, according to CoinMarketCap.

Theta has lost about 75% of its all-time high value but investors are still hopeful for an uptrend. CoinMarketCap estimates that the asset's ROI since launch has increased by about 2167.65%.

Will Theta Reach $100 In 2022?

Probably not.

At the current price of $3.46, Theta still has a long way to go before hitting $100 per coin.

Also, for the asset to reach $100, its market capitalization will have to jump to around $100 billion, which seems very unlikely because that would make it bigger than most cryptocurrencies. 

So, while Theta has the potential of reaching $100 sometime, it's still a very unlikely event this year or even the next 10 years.

Theta will most likely end this year between $9 and $15, according to most of the price predictions we have seen.

Don't Miss: Theta Price Predictions

How to Easily Buy Theta on eToro

If you want to invest and buy Theta tokens, we recommend using eToro.

  • Just open an eToro account and get verified
  • Deposit some funds into your account
  • Search for Theta on eToro
  • Buy the asset

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Conclusion: Is Theta a Good Buy?

Theta is a project that has, without question, real potential.

It's an ambitious idea, and we can see why it has drawn so much attention from the investor community.

Theta's popularity is also growing at a very fast pace, and this will keep on happening until this blockchain-based video streaming network becomes fully operational.

So, we believe that Theta is a good buy now.

However, don't take our word for it. Do your own research and ensure that this is the right asset for your portfolio.

eToro – Best Platform To Buy Theta

eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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