Theta Network has been pushing upwards ever since February began. The token briefly consolidated before breaking the consolidation to the upside. At the time of writing, the token stands at a price level of $4.09. The daily price movements suggest an increase of 12% in the price level. The daily trading volume has also surged upwards by 350%. Currently, the token is moving to the downside but mostly due to minor corrections which indicates that THETA may resume moving upwards, once again. Theta Network is the thirty-eighth largest cryptocurrency in the market currently.
Theta Network’s NFT deal
The Price Is Right – a game show that has been running since 1972 – has partnered up with Theta Network to launch its first-ever NFT collection in celebration of its 50th anniversary. Fremantle, a global television company, announced the partnership with the founding firm of the platform, Theta Labs. The NFT collection will feature some of the most prized moments from the popular gameshow along with real-world benefits to further incentivize potential customers.
The NFT is one of the hottest segments of the cryptocurrency market. NFTs are almost always surging even if the crypto market is in the grips of bears; hence, cryptocurrency projects with strong roots in NFTs are automatically regarded to have better prospects. The deal happened during the running week and while a launch date has yet to be announced, the anticipation may help push Theta Network’s coin upwards.
What to expect from Theta?
Theta Network is one of the major cryptocurrency platforms in the market. It has a solid footing in the market. It is essentially a specialized blockchain built for video streaming. The platform harnesses the power of the blockchain technology to allow decentralized bandwidth to users over the network. The Theta platform is designed to smoothen out the inefficiencies caused by centralized intermediaries in the content industry through decentralization.
According to the estimates of Wallet investors, Theta Network is expected to be trading hands at $11 in one year’s time while the five years’ projection places the token at $33. Digital Coin Price is not as optimistic for the coin’s future but still suggests an uptrend. Their estimates place the token at $5.68 by the end of the year and around $10 in five years’ time. Hence, a general uptrend can be expected from the token in the medium to longer timeframes.
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