THETA;Next generation video delivery: (THETAUSDT analysis)
Theta is a native blockchain with an open-source protocol, meaning that it allows developers and partners to build decentralized applications on the network, as Ethereum does. It is a decentralized, peer-to-peer video delivery network powered by blockchain technology that enables free, high-bandwidth content delivery.
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.
Users have an incentive to both watch network content and share network resources, as rewards come in the form of TFUEL tokens.
coinmarketcap --- thetatoken.org
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame for THETA/USDT, the price is trading around 4.67$ .
The general theta trend is bullish and almost unlike many other altcoins it has been able to maintain its bullish trend in the recent bearish market.
If the next uptrend starts from this area, it can be considered as 5 Elliott wave and can reach the specified targets by the end of the year, and in the descending scenario, if its weekly candle closes below the trendline, it will fall near the support area.
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💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯
🙏with Best Regards and successful trades❤️
💜 if you like my analysis, give a big thumbs 👍 and drop a comment
Theta’s main business concept is to decentralize video streaming, data delivery and edge computing, making it more efficient, cost-effective and fair for industry participants.
The network runs on a native blockchain, with two native tokens, known as Theta (THETA), Theta Fuel (TFUEL), powering the internal economy.
Theta’s appeal is threefold: viewers get rewarded with better quality streaming service, content creators improve their earnings and middlemen — video platforms — save money on building infrastructure and increase advertising and subscription revenues.
Users have an incentive to both watch network content and share network resources, as rewards come in the form of TFUEL tokens.
coinmarketcap --- thetatoken.org
--------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the weekly time frame for THETA/USDT, the price is trading around 4.67$ .
The general theta trend is bullish and almost unlike many other altcoins it has been able to maintain its bullish trend in the recent bearish market.
If the next uptrend starts from this area, it can be considered as 5 Elliott wave and can reach the specified targets by the end of the year, and in the descending scenario, if its weekly candle closes below the trendline, it will fall near the support area.
--------------------------------------------------------------------------------------------------------------------
💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯
🙏with Best Regards and successful trades❤️
💜 if you like my analysis, give a big thumbs 👍 and drop a comment
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