Will Theta Reach $100?
Will THETA reach $100? Well, we can't tell for sure. But there's definitely no reason why it shouldn't.
Since the launch of Theta's mainnet, things are looking very positive for the coin. And if you ask us? Well, this is just the beginning.
A lot can happen in 2021 and 2022, that's for sure. The video streaming industry is set to explode in the next 2-3 years. This might just boost demand for Theta's technology as people look for cheaper and better video streaming options.
Theta's mainnet was launched in 2019 and its native currency, the THETA coin, began rising steadily for the first time that month. Its market cap also began climbing and surpassed players like TRON (TRX) and IOTA (MIOTA).
The coin began rising parabolically towards the end of 2021 and went ahead to achieve its current all-time high of $15.90 in mid-April 2021. And while Theta has lost over 60% of its peak value, there is a good chance that it can blossom in the right market conditions and reach $100 per coin.
In the course of this short guide, we will be looking at some reasons that could drive THETA's price to that point.
But before that, let's quickly take a look at its current market standing.
Theta (THETA) Current Price
Theta is currently trading at $6.81 to the USD, with a market cap of $6.8 billion and a 24-hour trading volume of $255.84 million.
It is ranked number 32 on Coinmarketcap's list of top 100 cryptocurrencies.
As mentioned earlier, Theta had a parabolic growth phase in late 2020 and early 2021 when it went on to become the 15th largest cryptocurrency in the world.
The coin didn't, however, reach $1 until late December 2020 where it picked up a bullish momentum and went ahead to reach its all-time high of $15.90 in mid-April 2021.
Theta has since been on a downtrend since then and is currently trading at about $6.8. However, in the last few days, Theta has been rising and shows good signs of finishing the year on a positive note.
So, wiLL THETA hit $100 despite its current low price? Let's explore that in the following section.
So, Will Theta (THETA) Reach $100?
Theta has a lot going on for it right now. And as we have already mentioned, the video streaming industry is about to explode.
In fact, industry experts have been increasing their investments in this sphere of technology recently due to its immense potential for growth. This means that if Theta's core business model succeeds as expected, then the coin has a very bright future.
Theta is also one of the few truly decentralized video streaming projects in the market right now. The team behind this project believes that decentralization is the key to fair rewards for content creators and quality content being shared within the network.
Having said that, the THETA coin has a lot of potentials. And $100 looms just around the corner, to be honest.
Here are some of the reasons why THETA could hit $100, or even higher than that in the coming years:
- Growing demand for better streaming services: As more people join the network, there will be an improvement in video quality on Theta. And as the number of users increases, demand for better video streaming services is set to rise. This will push more people towards the THETA coin and its technology which will eventually increase its value.
- Streaming videos that don't eat up mobile data: Theta's blockchain-powered technology enables more efficient data distribution throughout the network, which means that users can stream videos at higher resolutions without wasting their mobile bandwidth (Data). This will push demand for Theta's technology up and improve its price.
- Lower fees: THETA coin is a transactional token that is very smooth to use on the platform. And since transactions on Theta will soon be free, users are bound to make use of the token to transact rather than just holding them for speculative purposes. And as more transactions take place on the platform, demand for Theta will increase, and its price tag is also likely to rise.
Theta's roadmap seems promising, and it will play a significant role in driving Theta's price to $100, or even higher. For instance, the Theta team is working on an interplanetary file system (IPFS) to ensure that users around the world can use THETA coin quickly and efficiently. The project also has a Dapp browser in the works, which will encourage more developers to come on board.
All in all, Theta is a promising coin with a lot of potentials. It has a strong team behind it and a solid plan to ensure that the project's blockchain-powered video delivery technology drives up demand for THETA from both users and content creators.
Will Theta Eventually Reach $1,000?
This is obviously a long shot, but since anything is possible in the crypto space, it would be imprudent to rule out the possibility.
For instance, let's suppose that Theta pushes through with its plan to take over the video content delivery industry and lots of people begin using its blockchain-powered technology.
Well, it is not improbable for the number of users on the THETA network to rise to millions by, say, 2023.
If such an event unfolds, then the demand for THETA will rise exponentially. This would be followed by an increase in its price to something like $100+ per THETA token.
And since there are only 1 billion of them out there, this means that if they are mostly used on the platform, they could become scarce very fast, which would help push prices to even higher levels like $1000 per coin.
However, this is all just theorizing.
The only way to know what the future holds is to wait and see how Theta's technology pans out in real-world use cases.
Only time will tell, really.
What Will Theta Be Worth In 2025?
Since THETA coin is still trying to carve out a space for itself in the crypto industry, it is too early to make predictions on its price.
However, if Theta's technology works well for video content delivery and millions of users get onto the platform, then there are high chances that its value will rise exponentially by 2025 or even earlier.
Theta coin's market cap is only $6.8 billion as of the time of writing.
So there is a lot of room for growth, especially if it gets accepted by more content providers and online streaming platforms.
It seems that the Theta coin has a bright future ahead, given that its price is still low compared to other cryptos on the market.
So, if you believe in the future of video content delivery and want to invest in crypto with high potentials, then THETA coin is definitely one to watch.
Conclusion: Will Theta Reach $100?
In our opinion, yes, it will. Theta has a strong team backing the project, and its value proposition is very solid.
We expect that as more people come on board to use its video content delivery platform, demand for THETA token will rise.
And with time, users will learn to transact with Theta coin rather than hold it on the platform. This will translate to increased demand, which in turn will trigger an increase in the THETA coin's price.
Also, as more users join Theta, its value will rise exponentially because of the limited supply of tokens.
Therefore, I would recommend buying Theta now while prices are still low and then HODL for a huge return in future.
eToro – Best Platform to Buy Cryptocurrencies
eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.
Virtual currencies are highly volatile. Your capital is at risk.