With Theta’s new Mainnet 3.0, the network aims to become the blockchain-based content delivery platform for online streaming. Will Theta succeed?
THETA is the cryptocurrency that powers the Theta network and can be targeted by those who wish to become Validator or Guardian nodes. THETA allows nodes to validate transactions, produce blocks, vote on network changes, and earn TFEUL as a reward.
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How does the Theta blockchain work?
The Theta blockchain is a decentralized infrastructure that seeks to improve video streaming and distribution.
Companies or websites that provide streaming video content have traditionally kept everything in one centralized system. While this may be convenient at first, if enough viewers try to access the content all at the same time and put pressure on the system, streaming can become slow and unstable. To remedy this, streaming providers will opt for a content delivery system, where they disperse a group of servers so that viewers don’t put as much stress on a single access point, ensuring smoother streaming. But this can be expensive.
The Theta blockchain is trying to disrupt this model essentially by creating a peer-to-peer network that taps into people’s computers to use their unused bandwidth. Now, when someone tries to view content available on the Theta Network, some of the data that feeds that content comes from the main server hosting it, while others comes from the Theta network.
What makes Theta unique?
Theta’s core business concept is to decentralize video streaming, data distribution, 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 (TFEUL), powering the domestic economy.
Theta’s appeal is threefold: viewers are rewarded with a better quality streaming service, content creators improve their earnings, and intermediaries – video platforms – save money on infrastructure construction 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 TFEUL tokens.
The platform is open source and token holders receive governance powers as with many proof-of-stake (PoS)-based blockchain ecosystems.
In addition to video, data, and processing, Theta targets developers looking to launch decentralized applications (DApps) on its EVM-compatible smart contract platform.
THETA Price Prediction for the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The CaptainAltcoin team created a price prediction model with a multifaceted approach to crypto that takes into account both technical analysis and fundamental evaluation of each project.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how THETA will develop in the short term (for the next 90 days), according to our forecast model:
THETA Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
THETA Forecast 2025 – 2030 – 2040
Our forecasting model predicts that THETA will reach new highs in 2025:
$4.51
The Theta price in 2030 and 2040 is expected to be a couple of orders of magnitude higher than our 2025 forecast.
