Blockchain technology is transforming many industries where services have traditionally been centralised. One of those industries is video streaming, which is currently dominated by centralised platforms such as YouTube and Twitch. In this article, we'll tell you about a project that's trying to compete in the area by taking advantage of the blockchain. This project is called Theta, and like some other blockchain projects, it uses two different tokens. We'll take a look at one of these tokens, Theta Fuel (TFUEL), examine its price predictions and provide you with all the information you need to decide whether or not to invest in it.

The current Theta Fuel (TFUEL) price plays a crucial role in influencing future predictions, particularly in understanding its volatility and recent performance indicators for 2024 to 2030.

What is Theta Fuel (TFUEL)?

Theta is a blockchain-based decentralised video streaming network where users share excess bandwidth and computing resources to enhance video quality.

In the long term, we see Theta as a way for anyone to contribute excess bandwidth/resources to the Theta Network, without a single centralised party coordinating the p2p connections or payments between users." — Mitch Liu, Co-Founder and CEO of Theta Labs and THETA.tv.

The history of Theta Fuel

Theta Labs was founded by Mitch Liu and Jieyi Long in 2016. The main consultant for the project is Steve Chen, co-founder of YouTube.

In 2018, the project's ICO took place, and Theta Network was set up on the Ethereum blockchain. In March 2019, the Theta mainnet was launched on its own blockchain, and the TFUEL token was developed in the same year. May 2020 saw the start of the second version of the Theta mainnet.

On 4 February 2021, the ThetaSwap DEX decentralised exchange was launched on the Theta blockchain. Mainnet 3.0 was launched on 30 June 2021.

The Theta Network has garnered substantial interest from investors and developers, and it is supported by major entities such as Samsung and the Sony Innovation Fund. The initiative seeks to revolutionise the video streaming industry by offering a more efficient, decentralised solution. Currently, Theta Fuel remains a crucial component of the Theta ecosystem, driving transactions and encouraging user engagement within the network.

Theta Fuel's features

The video streaming industry currently has a number of problems associated with the growth of both the volume of streamed videos and their resolution, as well as with the high degree of centralisation in this industry:

• Centralised Content Delivery Networks (CDN) receive a large percentage of the reward, while only a small fraction of it reaches platforms and video creators.
• Content Delivery Networks (CDN) has low reach. Buffering issues are common, and downloads are slow in remote locations.
• Due to the growing needs of viewers and video content providers, the existing infrastructure cannot cope with them in high-definition 4K and 8K streams.

Theta Network allows users on Theta-enabled platforms to relay video streams they are watching to other viewers in their local area. They receive rewards in TFUEL tokens for sharing videos with their peers and contributing their bandwidth to the network. The peer-to-peer network delivers high-quality video to any location. This is possible because user devices (which act as caching nodes) are geographically located close to each other, in contrast to CDNs' data processing centres.

The Theta blockchain uses a unique consensus mechanism called Multi Byzantine Fault Tolerance (PoS subtype). Unlike the simple BFT, it allows a much higher transaction speed.

The Theta ecosystem includes the following members:

1. Streamers are content creators who are rewarded in tokens.
2. Viewers are users who consume video content. They receive tokens for watching videos and ads.
3. Advertisers use the platform to advertise services and products to viewers. They use Theta tokens to pay for online advertising time and also sponsor streamers.
4. Caching Nodes are computers and servers that provide caching services that improve video quality and speed up video delivery. These nodes are also rewarded in tokens.
5. Ingest Nodes help provide different bitrates, stream resolution, etc. They also help caching nodes to broadcast live, for which they receive rewards.

Theta Fuel (TFUEL) is an operational token on the Theta blockchain and is used as payment for video content relayers' work, for viewing video content, creating and interacting with smart contracts and THETA staking. The emission of TFUEL tokens is unlimited but will occur at a rate of no more than 5% of the total supply of tokens per year. Thus, TFUEL tokens are subject to inflation but at a relatively low rate.

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Theta Fuel (TFUEL) price analysis

Historical price movements of Theta Fuel, such as its performance during Bitcoin halving cycles, provide valuable insights that inform our current analysis and future price predictions. At the time of writing, the TFUEL token ranked 134th among cryptocurrencies by market capitalisation at $404,023,917.

TFUEL price statistics (as of 28/08/24)

TFUEL's crypto price history

Theta Fuel token was launched in March 2019. The first major crypto exchange to list it was the South Korean Upbit, where TFUEL was traded in a pair with the South Korean won. Two months later, Binance listed the token.

The token was launched during a bearish crypto market, so it should come as no surprise that the coin's price declined until early 2020. The crypto market began to recover in February 2020 but was interrupted by the collapse in March. On 13 March, TFUEL's price dropped to its all-time low. This was followed by a slow price recovery. In May 2020, amid the launch of the second version of the Theta mainnet, the price rose sharply, reaching a local high of $0.0243. That was followed by a correction, after which the price, despite fluctuations, moved sideways in the range of $0.008-$0.013. The sideways movement continued until December 2020 and gave way to exponential growth. On 24 March 2021, the price rose to a local high of $0.57 and entered a correction that continued until the end of April.

In May 2021, the price again experienced an increase, but having reached a local high of $0.424, it dropped again to a local low of $0.145. That was followed by a sharp rise, during which the price reached its all-time high on 9 June 2021. After that, the token's price experienced several substantial fluctuations and a correction, leading it to start moving sideways in the range of $0.25-$0.40.

From late 2023 to August 2024, Theta Fuel (TFUEL) crypto exhibited a fluctuating price trend with notable highs and lows. In mid-December 2023, TFUEL was priced around $0.032, experiencing volatility between $0.030 and $0.035. 

Starting January 2024, the price rose from approximately $0.033 to about $0.040 by the end of the month. It continued to increase, peaking at around $0.065 in early March due to heightened trading volumes and market interest. However, by mid-April, TFUEL fell to about $0.045, impacted by broader market corrections.

The price then stabilised between $0.050 and $0.055 from May to June. In July, TFUEL saw a notable recovery, reaching approximately $0.068. As of 28 August 2024, TFUEL is priced at about $0.08399, marking a significant increase from earlier in the year and a strong performance compared to the same period last year, when it was around $0.05851.

Theta Fuel technical analysis

As of 28 August 2024, the overall sentiment for Theta Fuel (TFUEL) is bearish. Technical indicators suggest that TFUEL's 200-day Simple Moving Average (SMA) is projected to rise to $0.081993 by 26 September 2024, while the short-term 50-Day SMA is expected to reach $0.074634 by the same date. The Relative Strength Index (RSI) is currently at 49.08, indicating a neutral market position.

Based on today's classical pivot point (P1) of $0.062939, support levels are at $0.060514, $0.059302, and the strongest at $0.056877. Resistance levels are identified at $0.064151, $0.066576, and $0.067788.

Theta Fuel (TFUEL) price prediction 2021

In the absence of sharp fluctuations in the crypto market in the remaining weeks of the year, the price continued to consolidate lower and eventually closed the year at around $0.19.

Theta Fuel (TFUEL) price prediction for 2024, 2025, 2030 and 2040

As usual, we've compiled TFUEL crypto price predictions made by popular forecasting services for you.

TradingBeasts' TFUEL price prediction for 2024, 2025, 2030 and 2040

According to TradingBeasts Theta Fuel (TFUEL) price prediction, for 2024, they anticipate a modest increase, with predictions ranging from $0.0646 to $0.1400 by year-end. In 2025, the price is expected to stabilise between $0.0941 and $0.1105, averaging around $0.0967. Long-term projections for 2030 suggest a significant rise, with estimates between $0.4300 and $0.4800. While specific figures for 2040 weren't provided, some forecasts suggest substantial growth, with potential prices ranging from $3.47 to $10.65.

Wallet Investor's TFUEL price prediction for 2024, 2025, 2030 and 2040

According to Wallet Investor, Theta Fuel (TFUEL) is projected to experience significant declines in the coming years. For 2024, they forecast a drop to approximately $0.0008 by year-end. In 2025, the outlook remains negative, with an estimated price of around $0.0005. By 2030, predictions suggest a further decrease to about $0.0001. Looking ahead to 2040, Wallet Investor anticipates TFUEL could fall to a negligible value, around $0.00001.

DigitalCoinPrice's TFUEL price prediction for 2024, 2025, 2030 and 2040

According to DigitalCoinPrice, Theta Fuel (TFUEL) is projected to reach an average price of approximately $0.069 by the end of 2024, with a range from $0.036 to $0.103. As for TFUEL price prediction 2025, the price is expected to rise to an average of about $0.110, with estimates between $0.090 and $0.130. Looking ahead to 2030, DigitalCoinPrice forecasts a significant increase, with TFUEL potentially reaching an average price between $0.430 and $0.480.

Gov Capital's TFUEL price prediction for 2024, 2025, 2030 and 2040

According to Gov Capital, Theta Fuel (TFUEL) is expected to reach approximately $0.42 by the end of 2024. As for TFUEL price prediction 2025, the forecast indicates a significant increase, with the price projected to rise to around $3.01. Long-term predictions for 2030 suggest that TFUEL could potentially reach about $7.12. Looking further ahead to 2040, the forecast is even more optimistic, with predictions suggesting a price range between $3.47 and $10.65.

CryptoPredictions' TFUEL price prediction for 2024, 2025, 2030 and 2040

According to CryptoPredictions.com, Theta Fuel (TFUEL) is projected to see gradual growth through 2024 and into 2025. In 2024, the price is expected to range from approximately $0.074 to $0.111, with average prices rising from $0.087 in August to $0.089 in December. As for TFUEL price prediction 2025, average prices are predicted to increase to around $0.089 in January and $0.090 by December. Looking further ahead to 2028, prices are anticipated to range between $0.063 and $0.111, with average values increasing from $0.074 in January to $0.089 by December.

Theta Fuel (TFUEL) overall future value predictions

The outlook for the project looks good. There are many signs that it will grow and evolve:

• Demand for streaming video is high and growing.
• The company's technical solutions distinguish it favourably from centralised competitors.
• A team of skilled developers is working on the project.
• The validators in Theta blockchain are giants such as Google, Sony, Samsung, Binance and others.

At the same time, there are certain concerns associated with TFUEL trading volume. At the time of writing, more than 40% of the daily trading volume of the TFUEL token is on the relatively little-known Pionex exchange. This disproportion may be a sign that the token's price is being artificially manipulated.

In addition, the initial distribution of the project's governing token, THETA, was quite centralised. And a high degree of centralisation can be a problem for a project that positions itself as decentralised.

How high can Theta Fuel go?

If the project can really compete with the centralised giants in the video streaming market, the price of the TFUEL token could reach $10.

Theta Fuel (TFUEL) price prediction today

In the near future, the most likely scenario is either a rebound that affects the market in general or a fall to lower prices and maybe a new all-time low.

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