The cryptocurrency market is exciting, thanks in part to the number of coins traded. More than 17,300 cryptocurrencies are being traded. Many are potential millionaire makers, even when their names do not ring a bell. Theta is one such less-known digital coin with significant potential to grow.
So is Theta Network (THETA) A buy, hold or sell right now? Keep reading to find out.
A Market-Beating Cryptocurrency — But For How Much Longer?
Learn about the fundamentals of the Theta before investing in it.
The Theta Network is a decentralized video delivery network built on a blockchain. It is a comprehensive blockchain solution to video streaming and provides technical and economic benefits to content creators and consumers.
Theta was created to solve the inherent problems of global streaming services like YouTube and Twitch. As a decentralized network, the project offers several advantages over traditional streaming platforms.
Some industry experts describe Theta as the new Ethereum. Though it currently boasts a working ecosystem with many users, Theta is still a long way from matching Ethereum. The network is several projects short, and the Theta token has not scratched the surface of Ethereum in terms of value and market capitalization.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Road Ahead For Theta Network
Theta: A growing crypto project beaming with endless potential.
Despite the similarities to Ethereum, Theta is more like an ER-20 compliant decentralized network. The implication is that Theta users can utilize the Ethereum ecosystem to simplify their crypto experiences, though Theta is not fully built on Ethereum. Theta has also been compared to Dogecoin, but it is relatively more reliable when considering real-world problem-solving.
The Theta blockchain has a unique design that allows maximum functionality while minimizing the costs of the content delivery network (CDN).
A Global Framework and Sharing of Bandwidth
The Theta Network facilitates sharing of bandwidth with users who need them. It boasts surplus computer resources that simplify uploading and viewing video content for content creators and consumers. Again, the system rewards users with the token to encourage usage, attracting more and more users.
Theta was ultimately designed to promote social data delivery, and the network has adequate infrastructure to make that happen. Users enjoy effortless access to what they need, and content creators find it easier to reach new users. It is a very reliable network with satisfied users and has the capacity for required improvements.
Don't Miss: Theta Price Predictions
Access to Different Social Platforms
Theta offers access to a wide range of content, including music, tv, esports, enterprise, peer-to-peer streaming, and many more. The decentralized streaming service also has the security to protect its users and will continue to attract new users. This will also positively impact the value of its native coin, which is worth considering adding to your portfolio.
Relationship with the Ethereum Ecosystem
Theta was previously based on the Ethereum ecosystem until its team decided to build a blockchain of their own. The blockchain was properly designed and has been favourably compared to Ethereum. This relationship and resemblance already have lots of benefits and will continue to advance the cause of the platform and its native currency.
Is Theta A Risky Investment Vehicle?
The crypto market is volatile as most coins are traded based solely on speculations. If you take time to research the price history of Theta, you will see that it is not different from that of other digital coins. You must be ready for the volatile nature of the market and keep in mind that you can incur huge losses just as you can have enormous profits.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Is Theta Network (THETA) A Buy, Hold Or Sell?
Theta crypto is a buy right now. It is a project that has, without question, potential. It's an ambitious idea, and experts see why it has drawn attention from the investor community. According to experts, the price of THETA is expected to rise in value.
A Cryptocurrency Under Close Watch — Now And Always
Theta's popularity is growing quickly, and this will keep on happening until the blockchain-based video streaming network becomes fully operational. That said, do your research and ensure that this is the right asset for your portfolio.
eToro – Best Platform To Buy Theta
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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