- In the past, THETA has moved in a different way than the market as a whole did.
- Content producers are losing money since they cannot reach their target audience.
The price of Theta Network yesterday had risen by roughly 16 percent in the last 24 hours for no apparent reason, while the stock market fluctuated wildly. Peer-to-peer video streaming is possible on Theta’s decentralized network because users may utilize the network’s spare capacity. In order to speed up video streaming and improve quality, this approach aims to relieve some of the pressure on traditional content delivery systems.
What’s intriguing about today’s movement is that there is a lot of red in the larger crypto market, which might be a contributing factor. Moreover, in the past, THETA has moved in a different way than the market as a whole did.
Launch of a New Marketplace for NFTs
Because of centralization, poor infrastructure, and high costs, clients have a terrible experience. According to the creators, they hope to revolutionize the video streaming industry. Additionally, content producers are losing money since they cannot reach their target audience because of the hurdles.
Theta’s establishment of a marketplace for non-fungible tokens (NFTs) at the beginning of this month might be a possible explanation for the shift. TDrop, a new crypto token on the network, was also created as part of the launch to aid in the management of the marketplace. It has a solid foundation when you look at the network’s investors or even its validators.
According to CoinMarketCap, the Theta Network price today is $3.99 USD with a 24-hour trading volume of $1,031,628,256 USD. Theta Network has been down 2.10% in the last 24 hours, with a live market cap of $3,993,245,853 USD.
