{"id":146325,"date":"2021-01-03T16:23:02","date_gmt":"2021-01-03T13:23:02","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-theta-price-is-up-180-in-two-weeks-outperforming-even-bitcoin\/"},"modified":"2021-01-03T16:23:02","modified_gmt":"2021-01-03T13:23:02","slug":"why-theta-price-is-up-180-in-two-weeks-outperforming-even-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-theta-price-is-up-180-in-two-weeks-outperforming-even-bitcoin\/","title":{"rendered":"# Why THETA price is up 180% in two weeks, outperforming even Bitcoin"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a407a7bdf9a0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a407a7bdf9a0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/why-theta-price-is-up-180-in-two-weeks-outperforming-even-bitcoin\/#Theta_Mainnet_30_roadmap_was_the_main_catalyst\" >Theta Mainnet 3.0 roadmap was the main catalyst<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/why-theta-price-is-up-180-in-two-weeks-outperforming-even-bitcoin\/#Other_announcements_were_also_key\" >Other announcements were also key<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Why THETA price is up 180% in two weeks, outperforming even Bitcoin  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>The Theta Network is a protocol that enables users to watch digital content, like esports, using the blockchain. The protocol\u2019s native token THETA rose by 180% from $0.867 to $1.92 within two weeks between Dec. 20 and Jan. 2 to outperform even Bitcoin (BTC), which continues to soar to new\u00a0price discovery highs.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/de55d072-4103-4360-ac74-79a9b2a7aa02.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>THETA\/USDT 1-day candle chart (Binance). Source: TradingView.com<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Theta_Mainnet_30_roadmap_was_the_main_catalyst\"><\/span>Theta Mainnet 3.0 roadmap was the main catalyst<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Typically, the native tokens of blockchain protocols tend to surge in value following high-profile announcements.<\/p>\n<p>Theta released its plans to introduce Theta Mainnet 3.0 in the spring of 2021. The protocol upgrade allows the network to capture live video and enable live streaming, in addition to viewing other videos on the platform.<\/p>\n<p>The development team behind Theta Mainnet 3.0 explained that the \u201cEdgeCast\u201d <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> would allow live streaming without a central server. The team explained:<\/p>\n<blockquote><p>\u201cThis new fully decentralized technology stack adds the ability to capture live video, transcode it in real-time, cache and relay live stream video data to users globally \u2014 all through Theta\u2019s P2P edge network run by thousands of community members. Not a central server or service is used in this pipeline.\u201d<\/p><\/blockquote>\n<p>Two major components in this mainnet release are the introduction of Elite Edge Nodes and TFuel burning.<\/p>\n<p>Simply put, Elite Edge Nodes tokenize internet bandwidth. By staking Theta Fuel (Tfuel), which is another native token of the Theta blockchain, users can earn more Tfuel. This process is called uptime mining.<\/p>\n<p>Tfuel was essentially airdropped to existing Theta Token holders in 2019, when it launched. Theta Token is the governance token of the blockchain, and Theta fuel is the gas token that is used to pay transaction fees on the protocol.<\/p>\n<p>The Tfuel burning mechanism could further reduce the supply of Tfuel as it burns the supply of Tfuel with the revenues taken from fees on the protocol.<\/p>\n<p>The combination of Elite Edge Nodes and Tfuel burning make Tfuel more compelling, which naturally buoys the sentiment around Theta Token.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_announcements_were_also_key\"><\/span>Other announcements were also key<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On Dec. 19, Theta <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/theta-network\/theta-wallet-chrome-extension-now-available-in-chrome-web-store-1858a5a5c639\">revealed<\/a> the Theta Wallet Chrome extension on the Google Chrome website. This essentially allows users to use the wallet like Metamask, interacting with the Theta platform.<\/p>\n<p>Prior to that, on Dec. 11, Theta completed a key protocol upgrade, releasing smart contracts on the mainnet. The team <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Theta_Network\/status\/1337174657380671488\">said<\/a> at the time:<\/p>\n<blockquote><p>\u201cThe protocol upgrade is a success! New features including smart contracts and stake min to 1,000 THETA are now implemented onchain, &amp; the Theta Wallet and Explorer have been updated.\u201d<\/p><\/blockquote>\n<p>Due to the consecutive release of highly-anticipated announcements, Theta has been one of the best-performing cryptocurrencies alongside Polkadot (DOT). Analysts at Santiment noted:<\/p>\n<blockquote><p>\u201cThe end of 2020 and beginning of 2021 have been outstanding for #crypto, as the most profitable investment asset in the last decade, #Bitcoin, is on the brink of $30,000. In addition to its 20% week, $DOT, $THETA, $DOGE, and $STX performed even better.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/why-theta-price-is-up-180-in-two-weeks-outperforming-even-bitcoin\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Why THETA price is up 180% in two weeks, outperforming even Bitcoin &#8221; The Theta Network is a protocol that enables users to watch digital content, like esports, using the blockchain. The protocol\u2019s native token THETA rose by 180% from $0.867 to $1.92 within two weeks between Dec. 20 and Jan. 2 to outperform&#8230;<\/p>\n","protected":false},"author":1,"featured_media":146326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/1d4c2de8-d09b-4639-b845-204d718b9b2d.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,73785],"class_list":["post-146325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/146325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=146325"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/146325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/146326"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=146325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=146325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=146325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}