Blockchain technology has earned immense popularity all over the world. Its secured and decentralized feature became the foundation of several cryptocurrencies including Bitcoin, Ethereum, and now Theta!
Theta is a leading video delivery network powered by its own blockchain. Since video streaming has become a trend in recent years, the developers of Theta saw the perfect opportunity to create a network that will deliver high-bandwidth content through decentralized networks in every part of the world.
Through its bandwidth sharing model, Theta allows video platforms to deliver an enhanced streaming experience at an affordable price. Moreover, it gives viewers an opportunity to earn token rewards for relaying video content to other people.
Maximize your video streaming experience now and join the 160 million users of Theta! Here’s what every interested investors need to know about Theta tokens:
How does Theta crypto work?
Theta aims to deliver high-quality video content all over the world through bandwidth sharing. The heart of this platform is known as the mesh network consisting of a series of nodes that allows the user and the network to communicate with each other. Here’s how it works:
- Every node in the Theta platform consists of users who utilize various types of hardware and resources in viewing video content.
- Every node is capable of becoming caching nodes. These can both store content and relay its streaming to other viewers wherever they are in the world. This system reduces the dependence on geographically dispersed Content Delivery Networks (CDN) whose remoteness to a location lowers the quality of the streams. Instead of relying on the CDN, peer nodes can cache and relay video data. Since it is geographically closer to the viewers, as well as high enough in numbers, it can deliver streams without lowering the quality of the content.
- The nodes participating in this bandwidth sharing model will be rewarded with Theta tokens as an incentive for their work.
The success of this bandwidth sharing model by Theta can reduce the content delivery cost by 80% since there is no longer a need to maintain expensive data centres.
Is Theta a good investment this 2021?
The world of technology is growing exponentially and it is evident this 2021. More people are seeking ways to heighten their streaming experience and Theta is here to bring viewers game-changing innovations. Here are some of the reasons why Theta is a good investment this 2021:
- High demands for high-quality video streaming
The video streaming market is expected to hit a 21% compound annual growth rate (CAGR) from 2021 to 2028. This is attributed to the increasing demand for high-quality video content, as well as various internet streaming services. For this reason, key industry players such as Disney+, Amazon Prime, and Netflix are focused on developing streams and content to increase the number of their subscribers.
This demand from both the viewers and video streaming platforms makes Theta’s bandwidth sharing system relevant since it lowers the content delivery cost for the platforms, as well as involves the viewers in the streaming process by rewarding them with Theta tokens whenever they cache and relay content.
- Low cost and expected rise
Theta is still relatively new in the cryptocurrency world since it was introduced in January 2018. This means you can still purchase it at a low price. The price for Theta is expected to rise over the years hitting the $16.34 mark by 2027 due to the relevance of its services in the video streaming industry.
- Partnership with major brands
You know you can trust in a cryptocurrency’s potential if it’s supported by the biggest brands in the world. Theta is currently partnered with MBN and CJ, two of the most prominent entertainment companies in Korea. Moreover, they started a partnership with Samsung VR for the test run of their VR streaming services.
Aside from that, Theta also has major investors including Sony, Samsung, Synapse Capital, Gumi, Greycroft, and many more that you can check out on their website.
Theta token price: Current status and prediction for 2021
Theta has continuously proven its competence ever since it was launched in 2018. It is currently partnered with major corporations and is looking to expand worldwide.
As of writing, the Theta token’s price is $3.74 USD. The market cap, 24-hour volume, circulating supply, and other details are listed below:
- Market cap – $3.25 billion USD
- 24-hour trading volume – $607.80 million USD
- Current circulating supply – 870,502,690 THETA
- Max supply – 1,000,000,000
- CMC ranking – 20.
Experts and various predict that Theta’s price will most likely increase up to $6.06 USD come December 2021. They are confident that Theta will reach the target with the number of interested investors increasing every day, as well as the high demand for high-quality video streaming all over the world.
How to buy Theta cryptocurrency
- Select your desired wallet
There are several wallets around the market that support Theta token, including the Ethereum wallet, Atomic, and Trust. Moreover, Theta developed its own wallet called the Theta Wallet. You can access it on their official website at thetatoken.org. This wallet is available as a mobile app in either iOS or Android so you can access and trade Theta tokens anytime and anywhere!
- Look for the best Theta exchange
To maximize the potential profits of your investment, do your research and find the best buy and sell rates in the market. A few of the most trusted exchanges are Coinbase, Kraken, Bitfinex, and Binance.
- Move your coins to your wallet
To keep track of your Theta tokens, you need to put them in a wallet. A wallet is a software program or hardware device that allows you to send and receive Theta tokens while keeping them secured through a public and private key.
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