Is Theta Worth Buying In 2022?
Is Theta worth buying in 2022?
Short answer: Yes, Theta is an innovative idea to create a decentralized video streaming network. This is the future of entertainment.
The long answer? Let's take a look at some other data points first. Theta coin price has been around $5 to $50 since the start of September but went as high as $15.9 in April. The total supply of coins is 1 billion, and all of it is in circulation, according to CoinMarketCap. This means that as more people buy and hold it, the price should naturally increase.
Apart from the Theta coins becoming scarce, there will also be a higher demand for the Theta technology and subsequently more growth.
For this reason, you should buy now while the price is low and hold until later.
We will give a more comprehensive answer to this question in the course of this article. Before that, let's understand exactly what is Theta and why you might want to buy it now.
What Is Theta?
Theta is a blockchain-based decentralized video streaming network. It incentivizes users to share bandwidth and hard-disk space through its native TFUEL token. This means that when users share their bandwidth and computer resources, they are rewarded.
If you are wondering how this benefits consumers, it lets them watch high-quality videos without any lag or buffering issues. So, one can say Theta has the potential of becoming Netflix on Blockchain.
The Theta network also allows developers to build apps on top of its blockchain, just like Ethereum.
Furthermore, the Theta network uses its own protocol to avoid congestion on the nodes, thus allowing for more scalability of the platform.
What Is Theta Fuel (TFUEL)?
TFUEL is the fuel that runs the network, which you can think of as a fee that must be paid to use the services offered by this platform. Basically, Theta has two native tokens, THETA for governance purposes and TFUEL tokens which are used to pay for transactions on the platform.
At the time of writing, TFUEL was trading at $0.3001 while Theta was trading at $6.21. TFUEL is mostly used to reward users who share their bandwidth and hard-drive space on the platform for watching videos. It can also be used for tipping viewers and content creators as well as for buying virtual items within the platform.
So, Should You Buy Theta in 2022?
Yes, Theta has a bright future as it is solving a real-world problem, and there is demand for what it does. Also, with the launch of Theta Mainnet, we can expect more growth and less volatility.
The price of THETA tokens and TFUEL will keep increasing as people buy them to use the Theta network for high-quality video streaming. All in all, the future looks bright for this coin, and it is a good idea to buy some now while you can get it at a cheaper price.
The video streaming industry is worth billions of dollars and will only grow bigger in the future. If a decentralized blockchain-based video streaming platform becomes a reality, Theta will be at the forefront of it. When it does, it might be too late to jump in.
So, when would be an appropriate time to buy?
It's hard to say for sure as there is no crystal ball available. However, the price has been increasing gradually, and we can expect it to become even more valuable in 2022.
As we said earlier, more people will be using Theta and more of its native tokens will become scarce.
With that being said, it is a good idea to buy some now and wait for later when everyone else is trying to get on board.
The future looks bright for this coin, and it is a good idea to buy some now while you can get it at a cheaper price.
Why Should I Buy Theta?
There are several reasons why it might be a good idea to buy Theta tokens, and we will list the main ones:
- It has a bright future and is solving real-world problems.
- It has great potential to become dominant in the video streaming industry.
- Its value might increase x5 or even x10 in the next few years. This is driven by increased demand for Theta and TFUEL tokens which powers all transactions on Theta network.
Buying Theta now would be much cheaper than later when everyone would want to get their hands on it.
How Can You Buy Some?
You can purchase Theta by using several exchanges which support this coin for trading purposes. These include Binance, Gate.io, eToro and Uphold.
And while we advocate for buying Theta while the price is still low, there are several risks involved that you might want to look out for.
Let's look at some of them below.
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Risks Associated with Theta Investment
Like all cryptocurrencies, Theta is vulnerable to hacks as there is no centralized authority that can protect you from malicious attacks.
Also, if a better alternative comes into existence, it might lose its dominance.
We do not think that Theta will be replaced by another coin or token as there are not that many blockchain-based video streaming platforms out there.
However, you always need to look at the bigger picture and see what's coming down the line.
Also, because Theta is a blockchain project and still in its infancy, it is susceptible to volatility and can be unpredictable.
There is also the issues of governmental regulations on cryptocurrency trading and how it will affect Theta in the future. So, it is a good idea to keep this fact in mind while making an investment decision.
If Theta also fails to effectively implement its road map, it might lose value.
Road maps are important for any cryptocurrency project as they present the future plans of the team behind them. If they fail to implement their road map successfully, investors might lose faith in them, and the price will go down.
All of this is true for every cryptocurrency on the market, so it's something you have to deal with if you are an investor.
All things considered, Theta has the potential to become the dominant player in the video streaming industry while solving real-world problems. It has a bright future, and it would be a good idea to buy some while you can get them at a discounted price.
Check Out: Is Theta Safe?
Conclusion: Is Theta Worth Buying?
Theta's future looks bright, and it is a good idea to buy some now. It has a lot of potential as it can power the future decentralized blockchain-based video streaming platform, which might become as popular as Amazon Prime or Netflix.
Its price will likely increase in 2022 as more people get on board with this project and will provide more bandwidth and computing power, making it even more on-demand. This is why it's a good idea to buy some now and wait for the next few years when everyone else might want to get their hands on this coin.
Having said that, it is worth noting that cryptocurrency investment is risky, and it's not suitable for everyone. There are plenty of other coins in the market with great potential so do your research before making any decisions.
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