Theta unlike other cryptocurrency platforms is a video delivery network that is decentralized. The main purpose of the platform is to provide an innovative solution to problems that people have revolving around technical and economical solutions. The users can get token awards in return for the excess bandwidth and resources related to computing.
The platform has made a revolution in the blockchain market, however for the investors – what makes theta work investing?
Keep reading to find out why…
Price
Theta has had a phenomenal increase in its price over time. Especially in 2020 – there was a 1000 percent gain between March and May. However, the value of Theta did not stop there as it rose from 0.05 dollars in March to 1 dollar around December.
On top of this – in March 2021 theta was priced at a staggering 14.99 dollars (relevant to its growth rate). This is one of the primary reasons to invest in Theta as the price trajectory has been promising and will likely continue in the future along with some dips which are part of the game.
Utility
Theta is pragmatic in its approach. Since the blockchain works with the video format. There is a huge market out in the world that consumes videos daily. According to sources, around 2 thirds of the whole content on the internet is in video format.
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Due to this reason, the future of Theta seems bright as there are numerous ways in which it can expand and will ensure more users in the foreseeable future. Making it likely that the value of the tokens will rise, gradually if not exponentially.
Ease of access
The network gives access to people to earn from cryptocurrency using their computer and network which makes it far easier to access than any other cryptocurrency platform. For example, in Bitcoin, the turnover is great, but it takes a high processing system and energy to mine a Bitcoin.
On the contrary, Theta is simple in its accessibility which makes it lucrative for new investors – ensuring growth soon.
Recommendations
Usually, famous people have been rather skeptical about investing in cryptocurrency. However, Theta has managed to gather many high-profile fans who are rooting for the coin to explode. The list includes YouTube co-founder Steven Chen and co-founder of Twitch. Both work around video platforms hence the support but there is some potential in the coin.
Efficiency
Theta is practical and highly efficient. The average transaction on it happens in under three seconds which is far less than that of Bitcoin and Ethereum. Moreover, the platform supports around 1000 transactions per second. These reasons make it striking for new investors or the current ones to invest in theta.
Partnership
Theta has succeeded to partner with many high-profile platforms that include names such as Google. It makes Theta a trustworthy entity to invest in, but one should always be prudent before investing. As investing goes hand in hand with risks.
Conclusion:
Theta is a blockchain platform that allows its users to earn tokens by using their computing resources with people. Unlike other cryptocurrencies like Bitcoin, which can be auto traded on a platform like Bitql. Theta is an interactive platform where people solve problems while earning. But what makes it worth investing in?
First, Theta has seen an exponential growth in the previous year alone where it started from 0.005 and rose to a dollar, with predictions of reaching 10 dollars in the future.
Secondly, there is an increasing demand for video content on the internet which Theta can tap – growing the platform and making it more profitable.
Lastly, Theta is backed by big names such as YouTube’s co-founder Steven Chen and is partnered with Google. The efficiency of the platforms adds to the numerous reasons one should invest in Theta. But there is always a hazard involved, which should be considered.
