Should I buy THETA this week?

By: Milko Trajcevski
Milko Trajcevski
Milko leverages his passion for cryptocurrencies and teaches investors something new each day. During his spare time, he loves… read more.
on May 28, 2021
Updated: Jun 22, 2021
  • The THETA Network’s main aim is to provide a decentralized infrastructure for video streaming.
  • Participants in the network are paid in token for sharing video content.
  • The theta token rose 10,884% in a year.

Theta THETA/USD is essentially a blockchain-powered network that is specifically built for video streaming that launched in March of 2019. The mainnet operates as a decentralized network in which users can share bandwidth as well as computing resources on a peer-to-peer (P2P) basis. The native currency of this network is the THETA token.

Straight to the top 

The THETA token had a value of $14.28 on April 16th.  A year prior to that, on April 16th, 2020, it had a value of $0.13. This was an increase of 10,884% within a single year.

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This Friday, it has a value of $7.48, which is 47.62% lower than the value it had on April 16th of 2021, but still a 5,653% increase in value when compared to what it was on April the 16th, 2020, which is amazing.

Should you buy THETA?

Discussing Theta, when we look at a year-by-year growth, it has obviously sky-rocketed in value. However, in regards to should you buy it throughout this week, let’s see how it’s been behaving on a weekly basis.

We’ll be using Friday’s number as the main point of value to compare it to, $14.28, and see how it stacks up in terms of growth. 

Last Friday, it had a value of $6.30. This means that it grew 55.88% in terms of value.

However, on Friday, May 14th, it had a value of $10.08. This still means that it has increased in value by 29.41% since then.

If we go back a week earlier than that, on Friday, May 7th, its value was at $11.08. This still puts today’s value 22.41% higher than at the beginning of the month.

This leads us to the conclusion that you might be interested in purchasing THETA this week due to the fact that it has seen a steady increase in value throughout the month, and even when it fell to $6.30, it kicked back, and it kicked back good. If you see it anywhere around the $14 mark it might be a worthwhile investment, but otherwise, if it falls below the $10 mark then you should probably stay away.

Future of content delivery

Through the creation of YouTube, we saw just how far online content can rise in terms of growth. The decentralized future of this video-sharing content platform. With more and more people creating content on a daily basis, it is inevitable that this is the system of the future. Theta is a promising project, and if you see a future in its use case, then it might be a worthwhile investment.

Where to buy right now

To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:

  1. Etoro, trusted by over 13m users worldwide. Register here >
  2. Capital.com, simple, easy to use and regulated. Register here >