Entertainment and media these days are one of the most profitable industries. THETA, however, still remains among the most undervalued cryptocurrencies due to not reaching the necessary exposure.
Theta blockchain is designed for video streaming (think YouTube or Twitch) in a decentralized manner. Participants are rewarded with THETA tokens for providing bandwidth and caching streams.
Coinquora analysts estimate a bullish target for THETA in 2021 to be around $50. Previsioni Bitcoin also projects growth but is more moderate: $29.81. If you invested $100 in THETA today, you could have $265.01 to $444.5 by the end of 2021.
Here is how it looks like today:
The THETA Chart:
The live THETA price today is $14.08 AUD with a 24-hour trading volume of $468,394,257 AUD. THETA is up 0.56% in the last 24 hours. The current CoinMarketCap ranking is #20, with a live market cap of $14,083,429,885 AUD. It has a circulating supply of 1,000,000,000 THETA coins and a max. supply of 1,000,000,000 THETA coins.
A 23-year-old Aussie gamer dumped by his girlfriend because of his “addiction” to a cryptocurrency has had the last laugh now that his $17,000 investment has made him a millionaire. Twitter and Reddit user “Grave” says he bought 100,000 Theta tokens in April 2020, paying 17c apiece. But six or seven weeks later, his girlfriend found out and dumped him for “wasting my money on stupid fake internet currencies,” he recounted over the weekend.
“Almost a year later, today we peaked at $11.80 AUD im sitting on $1.180 mill and I wish I bought MORE!” he wrote on Saturday.
Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.
Website: https://www.thetatoken.org/
Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.
Developers say that the project aims to shake up the video streaming industry in its current form — centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.
Theta’s main business concept is to decentralize video streaming, data delivery and edge computing, making it more efficient, cost-effective and fair for industry participants.
The network runs on a native blockchain, with two native tokens, known as Theta (THETA), Theta Fuel (TFUEL), powering the internal economy.
Theta’s appeal is threefold:
viewers get rewarded with better quality streaming service, content creators improve their earnings and middlemen — video platforms — save money on building infrastructure and increase advertising and subscription revenues.
Step 1: Download a wallet
IOS: https://itunes.apple.com/us/app/theta-wallet/id1451094550?mt=8
Android: https://play.google.com/store/apps/details?id=org.theta.wallet&hl=en
Step 2: Download Theta Edge Node
https://docs.thetatoken.org/docs/setup-theta-edge-node
Step 3: Add your wallet address when logging in
Step 4: Watch / Broadcast / Or just leave it on to earn THETA
Note: Every device earns THETA separately. So if you have 10 PCs at home and you have edge node installed on all of them, each one will be earning THETA separately.
Download link: https://docs.thetatoken.org/docs/setup-theta-edge-node
Step 5: Earn TFUEL by staking THETA
by setting up a THETA Guardian node
Link: https://github.com/thetatoken/guardian-mainnet-guide
Once you have enough THETA stake them and earn profit on it.
Dated: 07.May.2021 @ 0903
