Theta Fuel (TFUEL) is an ERC-20 utility token that powers Theta Network, a blockchain-based decentralized video streaming and delivery service developed by Theta Labs. TFUEL is one of the two native tokens of this network, the other is THETA, although most operations (with the exception of governance) require TFUEL rather than THETA. The first implementation of the Theta mainnet was started by Theta Labs in 2019. There has been a major upgrade since then, and another (the launch of Mainnet 3.0) is planned for June 2021.
The purpose of Theta Network is to solve some of the problems that plague streaming services and content delivery networks (CDNs), such as degradation of quality and high delivery costs. Theta’s algorithm encourages participating nodes to share their unused bandwidth and computing resources, creating a decentralized platform.
There are three types of nodes on the network:
- Edge nodes share their bandwidth, take part in some tasks and are rewarded with TFUEL;
- Enterprise Validators – large nodes used for initial block verification;
- Guardians (went live with the Mainnet 2.0 update) – nodes who stake their THETA to confirm the blocks previously checked by validators and claim TFUEL rewards.
This two-tier validation system is one of the most outstanding features of Theta Network because it is such a clever technology. Updates are constantly adding new functions, such as the possibility of delegated 1-click stakes, the burning of TFUEL tokens as a transaction “tax”, NFT support, etc.
TFUEL price had stayed in the $ 0.001-0.01 range for most of its existence and didn’t start rising until early 2021 after some announcements were made regarding the upcoming Mainnet 3.0 release functionality. But the price really skyrocketed later on, on the wave of crypto popularity in the spring of 2021, reaching nearly $ 0.5. TFUEL price later experienced a period of high volatility, correcting to the ~ $ 0.25 level, later rising to ~ $ 0.4 and down again, all in less than a month. However, early in the summer of 2021, while most other crypto prices continued to decline, the TFUEL price rebounded to a new record high of $ 0.68, likely due to the excitement brought about by further announcements of Mainnet 3.0 features and high-profile partnerships, e. B. Make Hollywood’s CAA a corporate validation grade. All in all, TFUEL has held its own surprisingly well in this market.
Despite the fact that 100% accurate technical analysis is hardly possible for the cryptocurrency Theta Fuel, this advanced technical analysis tool from TradingView allows you to view the aggregated TFUEL buy and sell rating in real time for a selected time period. The summary for TFUEL / USD is based on the most popular technical indicators – moving averages, oscillators and pivots.
Below we have compiled the most reliable Theta Fuel (TFUEL) price predictions from popular forecasting platforms.
According to WalletInvestor, the price of Theta Fuel will rise from $ 0.4317 to $ 1.173 in one year. That makes TFUEL a great investment. The long term earning potential is 171.72%. The projected price for the end of 2026 is $ 4,196.
When asked if Theta Fuel is a good investment, TradingBeasts answered a resounding yes. Looking ahead to 2021, this coin price is projected to hit $ 0.5627347 and rise to $ 0.6561567 by the end of 2022.
In the DigitalCoin analysis, the price of the cryptocurrency Theta Fuel will increase from 0.427892 USD at today’s price to 1.4827705 USD over the next 5 years. It will rise to $ 0.6932943 by 2022 and will continue to grow in 2023-2024. Based on this forecast, Theta Fuel is a profitable long-term investment.
As can be seen from the analysis cited above, Theta Fuel (TFUEL) predictions are quite contradictory. There is no universal consensus on positive or negative future TFUEL price movements. In fact, the future possible growth depends on various factors: announcements, new technological solutions of the Theta Fuel projects, the crypto environment in general, legal situation and so on. We kindly remind you that it is essential to do your own research (DYOR) before investing in a cryptocurrency.
Disclaimer: This article should not be viewed as a trading recommendation. The cryptocurrency market suffers from high volatility and the occasional random movement. Every investor should research multiple viewpoints and familiarize themselves with all local regulations before committing to an investment.
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