Video streaming is one of many industries currently dominated by large centralised companies. However, the spread of blockchain technology has not ignored this sphere. Theta is a blockchain project trying to change the current situation in the video streaming market. In this article, we'll explore the Theta project, one of its native tokens, THETA, and examine its price predictions.

What is Theta (THETA)?

Theta is a blockchain-based project that aims to improve the quality of online video streaming through decentralised content delivery and the utilisation of users' excess bandwidth and computing resources.

To me, decentralisation means taking back control and sharing power with the people and the broader community. Over the last couple of decades, we have sleepwalked into an internet — a society even — that has placed far too much power in the hands of too few people and organisations. — Mitch Liu, Co-Founder and CEO of Theta Labs and THETA.tv.

The history of Theta

Theta Labs was founded in 2017 by Mitch Liu, co-founder of Gameview Studios and Tapjoy and Jieyi Long, co-founder of MadSkill Game Studios.

In December 2017, the THETA token was issued. This was followed by the project's ICO in January 2018. 

In March 2019, the Theta mainnet was launched on its own blockchain. The second version of the Theta mainnet was launched in May 2020, and the third version was launched in June 2021.

 On 4 February 2021, the decentralised exchange ThetaSwap DEX went live on the Theta blockchain.

Mainnet 4.0 was launched in December 2022.

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Theta's features

Theta focuses on decentralised video streaming, aiming to reduce the cost and improve the quality of content delivery. By utilising a peer-to-peer network of users and validators, Theta optimises streaming speeds and reduces the reliance on centralised content delivery networks.

The Theta ecosystem includes several types of participants:

1. Viewers. These are individuals who consume video content on the Theta platform. They are rewarded in tokens for watching videos and ads and may also participate by sharing their excess bandwidth and computing resources to support the network.
2. Streamers. Content creators who stream videos on the Theta network and maycan earn tokens as rewards for their contributions.
3. Advertisers. Advertisers promote their products or services through advertising on the Theta platform.
4. Enterprise validator nodes. Enterprise validator nodes are companies that stake THETA tokens for the right to process transactions on the network.
5. Guardian node operators. Operators who run Guardian Nodes, participate in block production, and help secure the network.
6. Edge node operators. Individuals who contribute their bandwidth and computing resources to the Theta Edge Network for caching and relaying video content, thus earning Theta Fuel (TFUEL) tokens in return.

The Theta Network is a "dual network" consisting of two complementary subsystems - the Theta Blockchain and the Theta Edge Network. The Theta blockchain provides payment, rewards and smart contract capabilities, while the Edge Network is responsible for storing and delivering media assets.

The Theta blockchain mainnet provides full support for Turing-complete smart contracts. The Theta Virtual Machine is compatible with the Ethereum Virtual Machine (EVM), making the porting of Ethereum-based smart contracts simple and fast.

Version 4.0 of the Mainnet launched Theta Metachain, an interconnected network of blockchains designed to dramatically increase horizontal scalability and achieve potentially unlimited bandwidth and block finalisation times of less than a second.

The Theta blockchain has two native tokens: THETA and TFUEL. THETA is primarily used for staking and governance, while TFUEL is used for on-chain operations, such as smart contracts and micropayments.

How to buy and sell Theta crypto

THETA is a major crypto asset ranking among the top 100 cryptocurrencies and is traded on multiple crypto exchanges. Selling and buying it isn't a problem.

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Theta (THETA) price analysis

As of 13 October 2023, the THETA token ranked 58th 58th among cryptocurrencies by market capitalisation at $585,610,153.

THETA price statistics (as of 13/10/23)

THETA's price history

The THETA token was listed on crypto exchanges in early 2018, during the beginning of a bearish trend in the crypto market. The price of the token declined until March 2019, when the crypto market saw a trend change.

After a short recovery, the price started moving sideways in a wide range. During the short-term collapse of the crypto market in March 2020, the THETA price reached its all-time low.

Following this, the price started to rise. In the spring of 2021, THETA, like most cryptocurrencies, experienced a significant price surge and reached its all-time high on 16 April 2021. This was followed by a decline in the token's price, which continues to this day.

THETA/USDT price chart

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THETA technical analysis

THETA's price is still in a global bearish trend that started back in 2021. Moving Averages, MACD and RSI MA all indicate bearish sentiment. In addition, a descending triangle pattern has formed on the chart, which is also signalling that the trend is about to continue.

The nearest support levels are $0.575, $0.370 and $0.197. The nearest resistance levels are $1.32, $1.70 and $2.60.

Theta (THETA) price prediction 2023

At the moment, everything points to THETA's price likely declining in the near future. Despite this, in case of a noticeable growth of the crypto market as a whole, the situation with THETA may also change.

Theta (THETA) crypto price prediction for 2023, 2025, 2030 and 2040

As usual, we have compiled for you the THETA price predictions made by popular forecasting services. Let's see what they think of the token's future.

Wallet Investor's THETA price prediction for 2023, 2025, 2030 and 2040

Wallet Investor predicts that the THETA's price will fall in the coming years, reaching $0.473 at the end of 2023, $0.064 at the end of 2024 and $0.063 at the end of 2025. In 2027, however, the price will start recovering and reach $0.104 at the end of 2027, and in 5 years, in October 2028, it will be $0.134.

CryptoNewsZ's THETA price prediction for 2023, 2025, 2030 and 2040

CryptoNewsZ believes THETA's price will rise. It'll be between $0.70 and $1.85 in 2023, between $1.80 and $2.30 in 2024, between $2.70 and $3.50 in 2025 and between $6.70 and $8.00 in 2030.

Cryptopolitan's THETA price prediction for 2023, 2025, 2030 and 2040

Cryptopolitan's forecast is quite optimistic. They expect the average price will reach $1.45 in 2023, $2.17 in 2024, $3.09 in 2025, and $20.23 in 2030.

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Changelly's THETA price prediction for 2023, 2025, 2030 and 2040

Changelly also predicts the token's price to rise. According to their calculations, the average price will be $0.85 in 2023, $1.14 in 2024, $1.62 in 2025, and $10.22 in 2030.

DigitalCoinPrice's THETA price prediction for 2023, 2025, 2030 and 2040

According to DigitalCoinPrice's estimates, the token will be worth $1.23 at the end of 2023, $1.44 at the end of 2024, $1.82 at the end of 2025 and $5.91 at the end of 2030.

Price Prediction's THETA price prediction for 2023, 2025, 2030 and 2040

Price Prediction agrees that the token's price will rise. They believe the average price will be $0.91 in 2023, $1.33 in 2024, $1.87 in 2025, and $11.97 in 2030.

CryptoPredictions'THETA price prediction for 2023, 2025, 2030 and 2040

CryptoPredictions also anticipate the price to rise, but slowly and smoothly. According to them, it will be $0.928 at the end of 2023, $0.991 at the end of 2024, $1.154 at the end of 2025, and $1.577 at the end of 2027.

Theta (THETA) overall future value predictions

Is Theta crypto a good investment?

The project looks promising. It has a number of notable advantages that indicate its potential is far from being fully unlocked:

• Promising market niche. The video streaming market is huge and growing. At the same time, it faces a number of challenges, which the Theta project aims to solve.
• Innovative technical solutions. The project utilises a number of innovative solutions that distinguish it from its competitors.
• High scalability. The implementation of the Theta Metachain has made Theta network very fast and scalable, making it capable of handling high volumes of video content while maintaining security and reliability.
• Incentivised ecosystem. Content creators, Edge Node operators, and token holders are all incentivised to actively participate in the Theta network.
• Limited token supply. The supply of the THETA token is limited to 1 billion, making it unaffected by inflation.
• Strong development team. Theta benefits from a team of experienced developers and advisors dedicated to the project's success.
• Partnerships. Theta's partnerships with media companies and content creators, as well as with other major companies and platforms, can lead to increased adoption.

However, it's important to consider the disadvantages and challenges that may hamper the project's success and the THETA token's prospects:

• Competition. The video streaming industry is highly competitive, with established players like YouTube, Twitch, and traditional CDN providers.
• Adoption barriers. The adoption of decentralised platforms can be challenging. Content creators and viewers may need time to migrate from established platforms to Theta, and user adoption can be a slow process.
• Dependency on partnerships. Theta's success is closely tied to its ability to secure partnerships with content creators, media companies, and streaming platforms. Failure to establish key partnerships can limit the project's growth.
• Network centralisation. Despite efforts to decentralise the network, the presence of enterprise validators and the potential concentration of staking power can raise concerns about network centralisation.

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Will Theta reach $1000?

Given that the THETA token's market cap would have to reach $1 trillion for this to happen, this is very unlikely to occur in the foreseeable future.

How high can the THETA coin go?

If the platform continues to successfully grow and attract users, the token's price could exceed $5.00 during the next bull run.

Theta (THETA) coin price prediction today

If there are no drastic changes in the crypto market as a whole, it's most likely that the price will continue to move inside the descending triangle for some time and then break down the support level at $0.575 and head downwards

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