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Theta Network price, market cap on Coin360 heatmap

Theta Network(THETA)

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$1.5204
(-3.25%)
0.00006591 BTC
Market Cap (Rank#42)
$1,520,419,126
65,911 BTC
Vol 24h
$41,325,302
1,791 BTC
Circulating Supply
1,000,000,000
Max Supply
1,000,000,000
2 days agocointelegraph
Top 5 cryptocurrencies to watch this week: BTC, FLOW, THETA, QNT, MKR
Select altcoins such as FLOW, THETA, QNT, and MKR could rally if Bitcoin breaks above the stiff overhead resistance at $24,668.
9 days agocointelegraph
Top 5 cryptocurrencies to watch this week: BTC, BNB, UNI, FIL, THETA
Consolidation from BTC has opened the door for BNB, UNI, FIL and THETA to run higher.
44 days agocointelegraph
Top 5 cryptocurrencies to watch this week: BTC, UNI, XLM, THETA, HNT
Although Bitcoin is struggling to form a bottom, altcoins are on a roll and the current price action could benefit UNI, XLM, THETA and HNT.
63 days agocryptodaily
Thetanuts Finance Introduces Stronghold Index Vault To Deliver Options Trading Ease
As demand for crypto derivatives products continues to grow unabated, multi-chain structured products protocol Thetanus Finance has upgraded its existing suite of investment products with the addition of the new Stronghold Index Vault. The Stronghold Index Vault represents a novel trading product designed to offer investors access to non-inflationary return opportunities alongside diversified risk management and a simplified user experience. Like its existing suite of products, the Stronghold Index Vault is aimed at regular users that aren’t necessarily as sophisticated as institutional investors. By employing smart contracts and algorithms, this newly-launched vault aims to simplify the yield earning process while simplifying the entire process of options trading. With Thetanuts’ Stronghold protocol, users will be able to overcome the existing hurdles associated with options strategies by directly staking their assets into the platform’s DeFi Option Vaults (DOV). Each customized vault option in the Stronghold protocol has been purposefully designed by the team of Thetanuts researchers, whereby organic yields generated from option selling are benchmarked against the major ecosystem tokens. Accordingly, the staked assets of the users will be automatically deployed across multiple specified covered options selling strategies, powered by the platform’s underlying smart contracts. Thetanuts Stronghold is debuting the USDC Stronghold Index vault, which will initially be available on Ethereum, Binance Smart Chain In the future, support will also be added for Avalanche, with Polygon, Fantom, and other chains expected to arrive later. As the product catches on with decentralized finance (DeFi) investors, Thetanuts will launch Stronghold indexes for other major crypto assets, further diversifying its product suite. One Vault, Many Features Unlike existing DeFi protocols, where users generally receive inflationary tokens as rewards, the base yield for Stronghold Index Vault is gathered from the payment of option premiums. As a result, users will receive yield-bearing tokens, which can be used to generate higher returns by selling options across the curve. At the same time, the strike prices and expirations of each Stronghold strategy will be determined via algorithms to generate the highest risk-adjusted yield, thus allowing users to benefit from a diversified risk profile. Furthermore, Stronghold Index Vault also solves the limitations of existing options strategies, allowing users to benefit from more straightforward investment choices and more flexibility. Since all Stronghold indexes are backed by multi-strike, multi-tenor, and multi-asset vaults aggregated into a single Stronghold token, the protocol safeguards users from unfavorable market conditions, especially during bearish runs. It also features built-in protections to help users navigate temporary market downturns via mean reversion. Unlike competing DeFi protocols, Stronghold allows users to withdraw their liquidity at any time. This isn’t possible with most other DeFi protocols because user liquidity is collateralized and can only be withdrawn after the vault expires as soon as an investor enters a vault position. Moreover, existing protocols with single-strike tenor vaults carry the risk of excessive losses as investors may lose all of their money in a single strike. By comparison, Stronghold’s multi-strike feature ensures diversification and spreads risk, helping users mitigate risks and maximize returns. The Thetanuts team has also implemented two core updates in the newly-launched Stronghold vault to optimize the user experience further. All products that are part of the Stronghold protocol are consolidated into a single and highly intuitive panel, empowering users to seamlessly track, identify, interact with indexes, and better understand the underlying blockchains that host these assets. In addition, Stronghold Vault streamlines the process of yield generation, making it as easy as swapping any on-chain asset. Users can simply swap all supported underlying assets for Stronghold tokens and vice-versa with a click and move in and out of positions anytime. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
81 day agocryptodaily
LOGARITHMIC FINANCE (LOG) COULD MAKE YOU MILLIONS LIKE THE DECENTRALAND (MANA) AND THETA NETWORK (THETA)
The worldwide cryptocurrency market is worth approximately $3 billion, and by 2030, it is expected to be valued at $4.94 billion. As the virtual currency world expands by the day, there is an increasing need for more efficient financial systems within the crypto universe. With Defi’s ability to eliminate influences and intermediaries between trade participants, it appears to be the future of the crypto ecosystem. The question now is what are the best Defi tokens to invest in? In recent months, Decentraland (MANA) and Theta Network (THETA) ecosystems are taking over, with millions already made, and new alliances being announced on a daily basis. Simultaneously, Logarithmic Finance (LOG), the newest DeFi platform, is fast gaining popularity within the crypto world. Here’s what you need to know about these three cryptocurrency tokens and how investing in them offers you risk-free profits. The Decentraland (MANA) Decentraland (MANA) is a virtual reality network based on the Ethereum blockchain that enables users to create, play, and monetise content and apps. The Decentraland (MANA) allows users to buy virtual pieces of land on the platform –making it a shared Metaverse. A Metaverse is a shared virtual world where people can communicate, trade, learn, and play. Decentraland is a decentralised world where people can explore LAND they own, interact with landscapes and structures, trade virtual assets, and network. According to the project's whitepaper, LAND is a limited and transferable 3D virtual place that may be purchased and permanently held by people. Here is where it gets interesting; you have full control over your virtual environment, thanks to the platform being a DAO (decentralised autonomous organisation). This means you set the ground rules that regulate how your environment operates, such as the physical features of your virtual character and some structural elements of the virtual world. MANA token is the currency used for exchange within Decentraland. Decentraland (MANA) has several investors including Broslyn Capital and Digital Currency Group. Theta Network (THETA) Theta Network (THETA) is a blockchain-based network that was created specifically for video streaming. Theta mainnet, which went live in March 2019, is a decentralised network where users exchange bandwidth. THETA, Theta's native cryptocurrency token, was launched in 2017. It was created to shake up the video streaming market, primarily to address issues like centralisation, poor infrastructure, and excessive expenses, which result in customers having a difficult experience. As opposed to other platforms, Theta allows users to benefit from higher-quality streaming services and permits content creators to make more money. In addition, the video platforms save money on infrastructure while still earning from advertising and subscription income. Theta Network (THETA) auditors include Google, Binance, Blockchain Ventures, Sony Europe, and Samsung, as well as a Guardian network of thousands of community-run guardian nodes. Logarithmic Finance (LOG) Logarithmic Finance (LOG) is a DeFi protocol that aims to bridge the gap between blockchain projects and investors by utilising a combination of DeFi and Web 3.0 technology. It is currently only available on presale. The LOG ecosystem provides users with an NFT swap option, and because the platform is multi-chain, holders will be able to move tokens according to their preferences. The LOG Token may be purchased with Bitcoin, Ethereum, XRP, and Polkadot, among other prominent cryptocurrencies. Logarithmic Finance (LOG) token (ERC-20) was specifically created on the Ethereum blockchain because it has the highest levels of security and decentralisation. The ERC-20 was designed with the new layer 3 cryptocurrency exchanging system, which offers users a competitive advantage over its rivals. Logarithmic Finance offers seamless connection, a secure, non-custodial, and cross-chain environment, and dynamic alternatives for raising funds on any blockchain network. In conclusion: With the many projects you may include on the Logarithmic Finance platform, it has a considerable advantage. You also have access to the lower gas fees, homomorphic encryption, the NFT marketplace, on-chain data, and cross-chain and multi-chain platforms. True blockchain interoperability contributes to a more open cryptocurrency market and that’s a great reason to consider adding this to your portfolio. Logarithmic Finance presale could be your next best bet for a 10-to-100-fold return on investment. For More Information on Logarithmic Finance (LOG): Join Presale: https://presale.logarithmic.finance/register Website: https://logarithmic.finance/ Telegram: https://t.me/LOGARITHMIC_FINANCE_OFFICIAL Twitter: https://twitter.com/LOGARITHMIC_FI Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
83 days agocryptodaily
DoraHacks Secures $20 Million In Series B1 Funding From FTX Ventures And Others To Keep Incubating Web3 Startups
Hacking has many benefits for projects looking to innovate. DoraHacks, a global hacker movement and Web3 developer incentive platform is one such "good" hacker-oriented initiative. The team raised $20 million to expand its platform and incentivize more people to participate. A Big Step For DoraHacks The DoraHacks initiative has gained strong momentum since its inception. Its primary purpose is to aid Web3 initiatives through hackathons and grant programs. So far, the team has curated the world's biggest Web3 startups, spanning over 2,000 partners and developer teams. Those efforts have raised $25 million in grants through the DoraHaks platform, further solidifying the project's market position. Furthermore, several dozen Web3 ecosystems have embraced DoraHacks as a core partner in hackathons and community grant programs. Partners include Solana, Polgon, Avalanche, etc. These are all top-tier blockchain and crypto projects today, thanks to a forward-thinking approach to accessing a global community of developers and builders. The decentralized web, or Web3, will only be as powerful as the technology it runs on. Moreover, it puts a substantial emphasis on decentralized governance, which requires robust infrastructure. DoraHacks has introduced quadratic voting and decentralized grants to multi-chain communities and zero-knowledge collusion-resistant voting. Those latter developments were showcased during the ETHDenver 2022 and OpenSea hackathons this year. Furthermore, the DoraHacks initiative received a boost through the launch of Dora Grant DAO. The Decentralized Autonomous Organization secured $5 million from over 30 partners to provide grants to post-hackathon-pre-investment stage projects. Later this year, the team will add the Dora Infinite Fund to its arsenal. Raising An Extra $20 Million The DoraHacks initiative has been successful at raising funds. It secured close to $50 million in the past 18 months, including $8 million in strategic funding in 2021 and $20 million through Dora Factory, the DAO-as-a-service incubation venture. This week, the team secured $20 million in Series B1 funding from FTX Ventures, Liberty City Ventures, Gemini Frontier Fund, Sky9 Capital, etc. FTX Ventures Partner Adam Jin comments: “Empowering multi-chain innovation has always been our mandate at FTX. We believe DoraHacks will keep playing a crucial role in Web3, and FTX will work closely with the Dora team to support startup founders.” Similar sentiment is echoed by Liberty Ventures Partner Emil Woods: “DoraHacks is key to advancing the development of the infrastructure for Web3. At Liberty City Ventures, the focus has always been on groups building upon the promise of blockchain protocol and Web3 for real businesses and traditional industries. We expect increased engagement with our portfolio companies as the ecosystem grows.” Through these multiple rounds of funding, DoraHacks was able to incubate 20 different projects. That list includes Zecrey, Thetan Arena, ETHSign, and others. Additionally, DoraHacks is the co-host of the Binance Labs incubation program, which recently welcomed its fourth class of participants. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
91 day agocryptodaily
Top Three Metaverse Coins Most Likely to Make You a Millionaire: Sandbox (SAND), THETA Network (THETA), and FIREPIN Token (FRPN)
Investors who bought into the Metaverse early are now reaping the rewards in billions. Interestingly, one of the world's largest technology organizations, Facebook, rebranded to Meta in an attempt to capitalize on the Metaverse. The company's metaverse project, which cost well over $10 billion last year, was dubbed the technology of the future by the media. The metaverse journey will undoubtedly be aided by the use of blockchain and cryptocurrencies. The question now is, which metaverse tokens should you put your money in? Sandbox (SAND), THETA Network (THETA), and FIREPIN Token (FRPN) are three of the top metaverse tokens that investors should keep an eye out for in 2022. Here are the things you need to know about these top metaverse coins: Sandbox (SAND) One of the most popular Metaverse games on the blockchain is the Sandbox (SAND). In this open virtual world, voxel graphics are used to create visual effects. The Sandbox enables users to purchase virtual LAND, create communal areas, and exchange creations, all with the help of the utility token SAND. According to CoinMarketCap data, the SAND native token was trading at $2.11 with a market capitalization of $1.67 billion at the time of writing. Sandbox has grown at a rapid pace throughout the years, achieving a compound annual growth rate (CAGR) of 26.5% as a result of various collaboration agreements: At the time of this writing, Sandbox has more than 200 partners. The Sandbox's value has increased by more than 11,600 percent in the last year. The Metaverse's value is expected to rise as more people get interested in it. Atari, Snoop Dogg, and Adidas are just a few of the high-profile partners that The Sandbox has previously partnered with, which could give it an advantage over its competitors. Other notable backers include Galaxy Interactive, Kingsway Capital, and Polygon Studios. Theta Network (THETA) THETA is a decentralized video distribution network that tokenizes bandwidth and time, to enable a next-generation content delively network (CDN). The Network uses it’s native cryptocurrency, the THETA token, which is a blockchain-based incentive layer designed to significantly cut CDN costs. Token holders of Teta's technology can receive incentives by staking their time or bandwidth on the peer-to-peer network, which distributes content. Low latency and high-quality video streaming are made possible by Theta's unique innovation. THETA, is also used to reward node operators for their participation in the network by providing a monetary incentive. It's no surprise that the Theta Network (THETA) team consists of seasoned entrepreneurs and engineers who have established successful businesses. The project is supported by prominent investors such as DCG, BA Capital, and Polychain. FIREPIN Token (FRPN) FIREPIN token (FRPN) aims to be the most popular NFT game development and Metaverse token for anyone who wants to buy, sell, and trade virtual goods in the Metaverse. FRPN token holders will be in charge of the project's future growth and development as it transitions from a centralized organization to a decentralized autonomous one (DAO). The token's reflection mechanism taxes all transactions at 2% and distributes a portion of the money to holders. Long-term investors are also receiving more FRPN each week as a bonus. The total FIREPIN Token (FRPN) supply is 100 billion tokens over all protocols; 30 million tokens will be held for a presale that begins on May 2nd and runs through May 20th. This is the final opportunity for investors to buy FIREPIN Token (FRPN) at its lowest possible price. Cryptocurrency investors who want to take full advantage of the next generation of cryptocurrency can consider buying all three tokens on this list to diversify their portfolios. The cryptocurrency sector is currently experiencing regulation and consolidation, which could lead to widespread acceptance. The presale for FIREPIN can be viewed by clicking on the links below. Additionally, you may monitor the team's progress and get answers to your questions via their social media. Join Presale: https://presale.firepin.io/register Website: https://firepin.io/ Telegram: https://t.me/FIREPINOFFICIAL Twitter: https://twitter.com/FIREPIN_io Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
93 days agocointelegraph
Top 5 cryptocurrencies to watch this week: BTC, ALGO, XMR, XTZ, THETA
Bitcoin has reached a critical support zone and if there is a bounce from this level ALGO, XMR, XTZ and THETA could move higher in the short-term.
94 days agocryptodaily
3 CRYPTOCURRENCIES TO PUT UP ON YOUR WATCHLIST: LOGARITHMIC FINANCE (LOG), CHAINLINK (LINK), AND THETA NETWORKS (THETA)
The current cryptocurrency market is saturated with the constant introduction of new coins. The total amount of cryptocurrencies is more than 18000, and it will increase substantially in the coming future. As the competition is getting fiercer, the platform needs constant innovation and development to keep up with the addition of destructive crypto projects. Logarithmic Finance (LOG) is an exciting cryptocurrency platform with a promising roadmap for providing better service solutions to the crypto industry. It’s a new cryptocurrency project currently in the first phase of pre-sale, disrupting the outlook for DeFi by providing an efficient platform for innovators and investors. The main purpose of this project is to improve network interoperability by overcoming the limitations of current cross-chain transaction exchange protocols. The DeFi sector has consistently shown significant growth in the cryptocurrency market. In 2021, most of the cryptocurrencies that have shown remarkable growth are related to the DeFi sector. Logarithmic Finance (LOG) Logarithmic Finance (LOG) aims to create a secure and unmanaged platform that makes it easy to exchange tokens between blockchain networks while at the same time making money in multiple ways. This platform is intended to support many blockchain networks and will allow innovators to raise funds on the platform of their choice. These include, but are not limited to, Ethereum (ETH), Binance Smart Chain (BNB), Solana (SOL), Tezos (XTZ), Polygon (MATIC), and Avalanche (AVAX). Pre-sale of LOG tokens has great expectations for the crypto market. It has increased by 96% since the pre-sale began and is expected to increase further in the coming weeks. We still have time to invest in it and become one of its early adopters, increasing the potential for high returns. BoostX is an advanced multi-chain launchpad used by Logarithmic Finance (LOG). This technology allows all crypto enthusiasts to participate in their presale. Although these coins are in the early stages of the presale, this is a great opportunity to buy cryptocurrencies at a lower cost, enabling greater profit potential. Chainlink (LINK) Chainlink (LINK) is a blockchain abstraction layer that utilises Oracle's distributed network. It allows you to universally connect smart contracts to improve the functionality of your blockchain. The network uses secure Oracle to connect smart contracts to real-world data, events, payments, and off-chain calculations in a tamper-proof and reliable way. The Chainlink (LINK) Network is committed to expanding the open-source ecosystem to ensure distributed participation of all data providers, node managers, smart contract writers, researchers, and security auditors. Administrators of distributed network information infrastructure have several ways to earn additional revenue and contribute to its success. With a market capitalization of more than $5 billion, it is currently ranked as the 25th biggest cryptocurrency globally. Theta Network (THETA) Theta Network (THETA) is a cryptocurrency and decentralised video distribution network. This state-of-the-art solution addresses the technical and economic challenges of streaming. It is intended to facilitate peer-to-peer (P2P) based network capacity sharing. Users can earn tokens by providing excess bandwidth and processing resources. Theta Network (THETA) uses Ethereum's (ETH) blockchain technology to leverage security and efficiency features to deliver better content delivery. The native token THETA is the guardian or verifier of the network and must participate in the governance of the platform. The basic business idea behind its creation​​ is to decentralise video streaming, data transfer, and edge computing to make it more efficient, cost-effective, and fair to players in the industry. The appeal of Theta Network (THETA) comes from the multiple functions that will enable it to assist in various ways. Users can access higher quality streaming services, content creators can earn more revenue, and intermediaries (video platforms) can increase advertising and subscription revenue while saving infrastructure costs. It successfully penetrated the crypto market and as of now, it is ranked as the 41st biggest cryptocurrency, with a market capitalization of more than $2 billion. Keywords: Logarithmic Finance, Chainlink, Theta Network, LOG, LINK, THETA, Cryptocurrency For more Logarithmic Finance (LOG) information visit: Presale: https://presale.logarithmic.finance/register Website: https://logarithmic.finance/ Telegram: https://t.me/LOGARITHMIC_FINANCE_OFFICIAL Twitter: https://twitter.com/LOGARITHMIC_FI Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
95 days agocointelegraph
Theta Labs to help Sony launch 3D NFTs compatible with Spatial Reality Display
The Spatial Reality Display lets people view the nonfungible tokens in 3D without the need for 3D glasses.
110 days agonulltx
American Idol NFTs Dropping on Theta on April 22nd
To celebrate American Idol’s 20th season, the legendary TV series partnered with Theta Marketplace to release a series of NFTs come April 22nd @ 1 PM PST. The upcoming release marks the first-ever fully licensed and authenticated American Idol NFTs. American Idol 20th Season NFT Drop The upcoming American Idol NFT drop will feature four […] The post American Idol NFTs Dropping on Theta on April 22nd appeared first on NullTX.
117 days agocoindesk
Cosmos Gains Interchain Accounts as Upgrade Kicks In
The Hub Theta upgrade brings features such as interchain accounts, which allow blockchains to control accounts on other networks.
123 days agocryptodaily
Metaverse cryptocurrency with the potential to go 100% Enjin Coin (ENJ), Theta Network (THETA), and Parody Coin (PARO)
Parody Coin Token (PARO), Theta Network (THETA), and Enjin Coin (ENJ) are all cryptocurrencies that have an interest in the expansion of virtual worlds and the online assets they generate. Non-fungible tokens (NFTs) are digital assets that may be acquired and traded but do not have a physical representation; they indicate ownership on the blockchain through a unique code. You may purchase and sell original copies of these digital artworks in this scenario. As they change hands, a blockchain maintains track of who owns them. METAVERSE The term originates in Snow Crash, a cyberpunk novel. Numerous characteristics shared by MMOs such as Second Life and other massively multiplayer online role-playing games are enhanced by the addition of virtual reality. Ready Player One may be the most vivid graphic depiction of what the Metaverse may look like. The Metaverse is intended to be a highly scaled, interoperable network of three-dimensional virtual worlds with which an endless number of people may interact with custom made avatars. The Metaverse will be directed by a combination of cloud infrastructure, software tools, platforms, applications, user-generated content, and hardware. It will provide users with a diverse variety of experiences, including entertainment, gaming, commerce, social connections, and education. The Metaverse will need collaborative virtual environments that provide a permanent user experience. Users will presumably be able to transfer their digital assets across universes in the future. Decentraland (MANA), Horizon Workrooms, and Robloxall provide glimpses into the future. Below we illustrate three ways to potentially invest in the Metaverse: ENJIN Enjin coin (ENJ) is a blockchain-based platform that focuses on both the Metaverse and Networked Financial Technologies (NFTs). ENJ is also on the Ethereum blockchain, which simplifies the adoption of NFTs by organisations and individuals. Due to the chain's widespread usage, anybody can utilise it. It does, however, come at the expense of today's skyrocketing gas costs. NFTs are created using ENJ, which enables them to be sold in the real world through a process called minting on platforms such as OpenSea. Enjin recently received a $100 million grant to assist in funding attempts to expand their Metaverse. This revelation may increase public confidence in the currency, causing it to surge when further information becomes available. THETA The Theta Network (THETA) is the next generation of blockchains for media and entertainment. Theta's design allows existing video and media platforms to generate revenue while decreasing the costs associated with delivering entertainment through a content delivery network (CDN). Additionally, users are rewarded for sharing their storage or bandwidth across many PCs, mobile devices, and Smart TVs. Theta is capable of executing comprehensive smart contracts and is fully compatible with the Ethereum blockchain. As a result, the Theta Network is capable of supporting a diverse set of intriguing Web 3.0 applications. To enhance its network, Theta leverages the network's millions of users to share its peer-to-peer (P2P) video network, as well as its ties with Lionsgate, MGM Studios, NASA, and other organisations. PARODY Parody Coin (PARO) is a recently created project that is definitely worth investing in. PARO's principal goal is to address the lack of access to the NFT market caused by many NFTs' high entry price costs and fees that price out lower-income investors. As well as to provide capabilities not accessible on conventional NFT platforms, like transferring and ‘copying’. It seems to be a passive income structure designed to provide people with better control over their investments. The PAROteam provides a variety of profitable ways for users to connect with their interactive ecosystem called the 'Paroverse.' They are predicted to do quite well and achieve their potential as the NFT option of the future. EXPLORA Investing early in any well-established firm is a time-honoured method of amassing wealth. Explora Chain (EXPL) seeks to also invest in the future via the establishment of a platform for passive income generation through the application of NFT technology and play-to-win games. With having newer and lower market cap cryptocurrencies have more opportunities to increase in price sharply. Cryptocurrency gaming is ushering in a new age of technology, with fascinating future possibilities. EXPL's games are purposefully unique and go against the current market. It is critical for them that their consumers have an entertaining experience since they are in the business ofmaking money. All of the above mentioned are great options for your portfolio. However, always do your own thorough research and take care of any financial decisions you intend to make. This article is for entertainment and educational purposes only. Presale: https://presale.parodycoin.io/ Website: https://parodycoin.io/ Presale: https://presale.explorachain.io/ Website: https://explorachain.io/ Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
128 days agocointelegraph
Top 5 cryptocurrencies to watch this week: BTC, VET, THETA, RUNE, AAVE
BTC is holding a key support level, which is allowing altcoins like VET, THETA, RUNE and AAVE to push higher.
133 days agocryptodaily
Vietnam Developing Legal Framework For Crypto
Three government departments and branches - the Ministries of Finance, Justice, and Information & Communications are coming together to assist the State Bank of Vietnam in this project. Three Ministries Involved All three ministries are assisting the country’s central bank under the orders of the deputy prime minister of Vietnam to establish a framework that will regulate the country’s burgeoning crypto market. As per the instructions from Deputy Prime Minister Le Minh Khai, the Ministry of Finance has to shoulder the primary responsibility of working with other regulatory bodies and the central bank to identify what pieces of legislation need to be amended, supplemented, and promoted in order to accomplish the goal of establishing a comprehensive crypto framework. They will also determine the time frame of implementation of any changes. Decision 1255 Back In Action Back in August 2017, the Prime Minister had issued Decision 1255, which set in place a few guidelines for the development of the legal framework governing virtual assets and digital currencies. Following this, in November 2018, a few proposals were made based on Decision 1255. However, the proposals did not have any concrete outcome due to the lack of a common outlook by the Vietnamese regulators. Therefore, industry experts in the country are hoping that involving the three ministries in the matter will result in a positive outcome. Government Curious About Crypto The Vietnamese crypto market has grown by leaps and bounds in the pandemic years. A recent study shows that around 6% of the country’s population, which is around 6 million people already own cryptocurrency, putting it in the list of top 10 countries with the highest percentage of crypto holders. Despite recognizing and warning about the risks of cryptocurrency, the central bank has always tried to understand the asset class further. Back in July 2021, the State Bank of Vietnam was instructed by Prime Minister Pham Minh Chinh to study and carry out a pilot implementation of cryptocurrency. It is evident that the country has been working towards positioning itself as a “digital government” by harnessing blockchain tech to propel its economy. Crypto Mining And Gaming Explodes In Vietnam It also explains the explosion of crypto mining in Vietnam, with mining rig sales tripling in the month of September 2021. However, the most significant use case of blockchain and cryptocurrencies experienced by Vietnam is the growing surge of blockchain gaming startups in the country. Multiple investor-favorite blockchain games have traced their origins back to Vietnam, the most notable of them being Axie Infinity. Other honorary mentions in this list are Sipher, Faraland, Heroverse, Zuki Moba, My Defit Pet, MeebMaster, Theta Arena, and more. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
140 days agocryptodaily
3 Metaverse Options for Summer – Decentraland (MANA), Theta Network (THETA) and FIREPIN Token (FRPN)
Metaverse cryptocurrencies are popular among consumers searching for undervalued and underappreciated projects to invest in during the current crypto bear market. Years of experience in crypto have taught me that markets often exhibit a protracted and painful downturn followed by a brief bullish run in which you can easily see ten or twenty times your return if you invest in the correct projects. This article examines our selection of the best three Metaverse cryptocurrencies that you should include in your portfolio. $2.43 Decentraland (MANA) - $3.68 Billion Market Cap +7.7% in the last seven days RANK 37 Decentraland, which was launched in February 2020, is the current leader in Metaverse cryptocurrencies, with a fully accessible 3D virtual experience available for anyone to explore through the web. Decentraland is free for all participants, and if you have no prior experience with Metaverses, we encourage giving it a try. Keep in mind that you'll need a browser-based wallet like MetaMask to log in and explore the platform's Metaverse. There are hundreds of sites to visit in Decentraland, like the Wonderland Mining Game, mini-golf GolfCraft, and more. You may begin earning tokens and awards by playing some of these games and buying NFTs with your profits from those worlds. Decentraland also includes the world's most popular blockchain-based casino, ICE Poker by Decentral Games. It's now the most popular location in Decentraland and is well worth a visit if you like gaming. Finally, Decentraland has one of the most active LAND markets on OpenSea. If you want to acquire LAND in the Metaverse, Decentraland is your best chance. Keep in mind that each LAND plot will set you back a few thousand dollars. MANA, an ERC-20 token that is also Polygon compatible, is the principal utility token for Decentraland. MANA is used to purchase NFTs, access activities, and other things. MANA can be purchased on the majority of major exchanges, including Binance, Coinbase, Kraken, and others. Theta Network (THETA) – $2.93 Billion Market Cap $2.93 Theta Network (THETA) +8.5% in the last seven days RANK 46 Theta Network, which debuted in 2018, is the main NFT launchpad and drop platform for verified and licenced NFTs. THETA has some of the most significant crypto collaborations, creating NFT collections for world-class celebrities such as Katy Perry, The Price Is Right, and others. THETA is well-known for having some of the most exciting NFT drops on the market, which are publicised by email. I suggest subscribing to their email to stay up to date on the newest releases. If you are able to purchase one of the significant NFT drops, you will be able to rapidly sell the NFT for a profit. For example, Kary Perry's NFTs were initially priced at $100 a unit, but by the time they entered the market, they were selling for more than $300. Remember that acquiring NFT drops isn't always lucrative, but if it contains a prominent artist with a restricted collection, chances are the collectables will be worth more when they reach the open market. While THETA is well-known for its comprehensive NFT launchpad, the project also includes a streaming platform where users can earn TFUEL tokens by viewing content. Furthermore, THETA includes its TNT-20 token, which is akin to the prominent ERC-20 and BEP-20 standards, allowing brands and enterprises to launch their tokens on the platform. THETA is the network's core utility asset, allowing users to acquire NFTs and access the most recent drops. THETA can be purchased on KuCoin, Binance, Crypto.com, Bybit, and other exchanges. $0.00067 - FIREPIN Token +61% in last seven days Presale As these two cryptocurrencies are already very well established, it means that the potential for a meteoric rise isn't as feasible as it would be for a smaller, newer cryptocurrency. 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About Theta Network

The live price of Theta Network (THETA) today is 1.5204 USD, and with the current circulating supply of Theta Network at 1,000,000,000 THETA, its market capitalization stands at 1,520,419,126 USD. In the last 24 hours THETA price has moved -0.089 USD or -0.06% while 46,995,120 USD worth of THETA has been traded on various exchanges. The current valuation of THETA puts it at #42 in cryptocurrency rankings based on market capitalization.

Learn more about the Theta Network blockchain network and how it works or follow the price of its native cryptocurrency THETA and the broader market with our unique COIN360 cryptocurrency heatmap.

Co-founded in 2017 by serial entrepreneur Mitch Liu and virtual reality live streaming expert Jieyi Long, Theta is a peer-to-peer blockchain network that enables free and decentralized delivery of high-bandwidth video content. 

Users of Theta network can voluntarily contribute spare bandwidth and computing resources in exchange for rewards. The more the number of users, the more the bandwidth available, and the better the quality of the videos. 

The Theta blockchain has two native tokens — Theta Coin (THETA), which allows token holders to vote on updates and changes to the protocol, and TFUEL, which is required to pay for transactions on the blockchain. 

Like Ethereum, Theta is also smart contract enabled, allowing developers to build decentralized applications on the network. The Theta coin’s enterprise validators include Samsung, Sony Europe, Binance, Google, and Blockchain Ventures, among others. 

THETA price 

Since its inception in 2018, THETA token price grew consistently without any major spikes or drops. THETA coin’s first price rally started in late December 2020, two years after its launch, according to our live price chart for THETA/USD. From just over $2 on Jan. 2, 2021, THETA price continued to climb, reaching almost $16 on April. 16, 2022.

However, the price of THETA declined sharply over the next three months, dropping below $3.5 by July 2021. By the end of 2021, THETA price had fallen below $5, losing most of its gains during the year. Amid the larger crypto market bear run, THETA price continued to trade well below $5.50 during the first half of 2022.

How Theta works

The Theta network utilizes the proof-of-stake (PoS) consensus mechanism to record transactions on its network. There are three groups of users that play crucial roles in the network's functioning and security.

The enterprise validator nodes stake their tokens in order to validate transactions on the network. The guardian nodes then confirm that the transactions suggested are accurate — adding an extra layer of security to the network. Finally, the edge nodes add bandwidth to the network to receive TFUEL as reward.

In order to become validators on the network, users need to stake THETA coins — the validator nodes need to stake a minimum of 10 million THETA coins and guardian nodes need to stake at least 100,000 THETA tokens. Additionally, THETA coins are also governance tokens and the voting power of token holders is proportional to the amount of staked assets. 

Theta fuel (TFUEL) token can be used to send and receive payments, to pay for transactions on the Theta network, and for the deployment and processing of smart contracts. 

THETA news, updates, and highlights

In February 2018, the Theta team raised around $20 million to fund the development of the ecosystem via a private token sale to investors including Nirvana Capital, Sierra Ventures, and Venture Reality Fund, among others. Live streaming platform Twitch's co-founder Justin Kan and YouTube co-founder Steve Chen were also advisors to the Theta team. 

In May 2020, Samsung added gaming and esports video streaming platform Theta.tv to its smartphones — vastly increasing the ease of accessibility to the network. A few days later, Google partnered with Theta Labs to help the network onboard users using Google Cloud. A year later, in June 2021, the Theta mainnet was launched, which then caused a major movement in THETA price action.

Frequently asked questions about THETA

  • Can you mine THETA or stake them for rewards?

Like other cryptocurrencies that use the PoS mechanism, THETA coins cannot be mined. But you can stake THETA tokens to become validators in the network and earn rewards in TFUEL in exchange for securing the network.  

  • What is the maximum supply of THETA coins?

Like most cryptocurrencies, the number of THETA tokens is also limited — its maximum supply is capped at 1 billion coins.

  • What can you do with THETA?

Apart from staking THETA coins to secure the network, token holders can use them for payments and vote on proposals to improve the ecosystem. 

  • What are the best wallets for THETA? 

You can store both THETA and TFUEL tokens in the official THETA wallet app, or other compatible third-party cold or hot wallets including Trezor, MetaMask, Atomic Wallet, and more.

  • How to buy and sell THETA?

You can use cryptocurrencies like BTC, ETH, USDT, and others to buy THETA coins on exchanges like OKX, KuCoin, HitBTC, and more. You can also buy THETA with local fiat currencies on exchanges including NEXO, or swap other tokens for THETA on decentralized exchanges like ThetaSwap.

Theta Network Price1.5204 USD
Market Rank#42
Market Cap1,520,419,126 USD
24h Volume41,325,302 USD
Circulating Supply1,000,000,000 THETA
Max Supply1,000,000,000 THETA
Yesterday's Market Cap1,527,712,500 USD
Yesterday's Open / Close1.6167 USD / 1.5277 USD
Yesterday's High / Low1.647 USD / 1.4975 USD
Yesterday's Change
-0.06% ( 0.089 USD )
Yesterday's Volume46,995,120 USD
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