Will Theta Reach $50? Let's be upfront about this; it's just hard to tell.
Predicting cryptocurrency prices is a thankless task – it’s about as difficult as predicting the weather for a week from now. While there are some pundits who have been able to successfully predict crypto price movement, their success rate isn’t nearly good enough to warrant putting your life savings into any one coin or token.
That said, if you’re interested in putting a little money into the Theta (THETA) token and want to know whether it can return massive profits, we are going to discuss whether it can reach $50 someday or not.
Given that we already know that token price prediction isn’t an exact science, let’s instead use Theta’s price performance to look at the general crypto market.
Theta Current Price
At the time of writing, Theta (THETA) is valued at $2.93 and has a market cap of $2.9 billion. If we look back to January 2018 – around the time it started trading – THETA was worth less than $0.1, even at the lower current prices, it's a 2,830% increase.
If you were to have invested in THETA when it was averaging around the $0.1 mark, your investment would have grown by more than 3,000%, assuming you sold in October 2021 when it traded at a price of $6.17.
On the other hand, if you had sold at the all-time high price of $15.90, your investment would have grown by an even higher percentage.
If you were to translate this into percentages, THETA has increased in price by more than 6,000%.
This is quite impressive if you were to compare the current return on investment (ROI) with traditional investments such as a savings account or a UK high street bank account.
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So What Will It Take For Theta To Reach $50?
Given the fact that Theta returns are much higher than traditional investments, it’s tempting just to say “a lot” when asked what will happen in order for THETA to reach $50. In truth, a price of $50 just represents a doubling in value from the current market cap.
The potential exists for THETA to reach the $50 mark, although it’s clear that there are still some significant gains to be made. It may be the case that Theta will double in price over the next few months, but given the volatility of cryptocurrencies, even a five-fold increase in value doesn’t guarantee anything.
To break it down for you, there are several factors that will need to come into play for Theta to reach $50 quickly enough.
First of all, the crypto market needs to become stable again in 2022; more importantly, it needs to recover from its late 2021 slump.
The second factor that will need to come into play is that THETA needs to maintain its growth momentum without crashing too often or losing its value over longer periods of time.
Lastly, the Theta decentralized video streaming service needs to deliver on its promises and become a widely adopted product that not only benefits users but also serves as a viable alternative for existing centralized video streaming services such as Netflix (NFLX) and Amazon (AMZN). If it can achieve all three of these goals, then Theta has the potential to reach $50 by the next few years.
That said, there are some major threats on the horizon that may serve as a negative influence on THETA’s price movement. Firstly, if another altcoin were to come along and prove itself to be more efficient or provide better value for money than Theta, then it would almost certainly steal the show. A good example of this is what happened to Litecoin when Bitcoin Cash entered the fray with its low transaction costs and high processing speeds.
Secondly, any major security threats that occur on the blockchain could be enough to knock THETA off its perch. For example, if a service with thousands of active users is hacked and a large amount of THETA is stolen, then it will shake consumer confidence in Theta and reduce its market value.
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Will Theta Eventually Reach $100?
Theta has the potential to reach $100. Since it’s only a few years old, there’s no telling how much further this altcoin can go. If one thing is for sure, THETA has bright times ahead!
A number of cryptocurrencies have already done it. All you need to remember is that it’s not exactly an easy thing to achieve. It might come as a surprise to some that assets with less appealing use cases like Dogecoin and Litecoin are all ranked higher than Theta in terms of market capitalization.
The good news for THETA is that these cryptocurrencies have gone through trials and tribulations, not to mention the crypto winter. All of them stand as proof that if an altcoin without a proper use case can survive these harsh conditions, then one like Theta has a chance of eventually reaching $100.
THETA’s journey to this point has been rather remarkable. Launched in 2018, this decentralized video streaming service is still yet to really take off, but it has managed to reach an all-time high of $15.90 so far.
Not only that, but Theta also managed to reach the top 20 in terms of market capitalization for a short time, which is no easy feat considering how tough the past few years have been for cryptocurrencies.
If you’re wondering why $100 is even a possibility for this altcoin, it’s because of the next few years. Theta’s all-time high was achieved in mid-April 2021, and since then, its price has dropped by more than half. If THETA can steadily pick up steam over the coming months and years, then it has every chance of $100 by even 2025.
Theta has got one hell of a fight on its hand, though. There are a number of other altcoins in the running for the top position, and THETA’s team is going to have to work really hard in order to take pole position. As always, there are also a number of threats it will have to overcome if this is to happen. Most notable of these is Ethereum, which has been dominating the altcoin market for several years now.
The main takeaway from all this is that THETA’s goal of hitting $100 isn’t necessarily impossible, but there are still a number of factors it will have to overcome if it wants to go on and become one of the biggest cryptocurrency players around.
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Conclusion: Will Theta Reach $50?
The odds are stacked against THETA if it’s going to reach $50 in the next few years. In order for this to happen, the cryptocurrency market needs to remain stable and continue growing, Theta needs to maintain its momentum and not suffer from too many price crashes, and the THETA decentralized video streaming service needs to take off.
The bad news is that there are three very big “ifs” required for this prediction to come true – it’s really just a case of waiting and seeing if THETA manages to fulfil its potential and become the next big altcoin.
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