THETA Shows Renewed Vigor – How Far Can The Coin Push Ahead?

THETA, the 51st ranked cryptocurrency in terms of market capitalization according to online tracker Coingecko, is performing relatively well now as it stays on the green zone as far its short-term and long-term price monitoring is concerned. THETA is all green in the charts except for its year-to-date progress The altcoin is sitting on a 17.2% 14-day increase A test of the $1.2 resistance zone is likely to happen for THETA At press time, the asset is trading at $1.16 and is up by 1.5% over the last day.

Timeline of Theta-network

The Theta coin price showed phenomenal growth amid the ongoing recovery cycle in the crypto market. This bullish rally recently breached the $1.1 resistance, offering buyers a higher launchpad to prolong price recovery.

Theta Network recently took a step forward towards the actualization of its MetaChain objectives which are billed for December. According to updates shared by the project, Theta v3.4.0 went live at a blocked height of 17285755.

Theta Network is an innovative platform that aims to work for the streaming sector. By providing technical and economic solutions for decentralized video streaming. Theta Network incentivizes the users who relay videos on the platform on their spare bandwidth. For linear functioning of the Theta Network, the platform had rolled out two cryptocurrencies.

Media and entertainment focussed Theta Labs has selected Fuse Media as its launch partner for Theta Network's Mainnet 4.0, Metachain. The post Fuse Media to be launch partner for Theta Metachain appeared first on CryptoSlate.

Samsung Electronics has signed a memorandum of understanding (MOU) with partners, including Theta Labs, to operate an NFT ecosystem for its new range of Galaxy mobile phones. The post Samsung partners with Theta Labs for upcoming Galaxy NFT ecosystem appeared first on CryptoSlate.

Theta Labs, the company behind the next generation of blockchain technology for video and entertainment, has announced the signing of a strategic memorandum of understanding (MOU) among its key retail partners. The MOU inked by the partners, including Shilla Duty Free, E-cruise, Show Golf, Galaxy Store, and NFC solution business Alllink, will give Galaxy NFT holders increased utility in each partner's retail stores.

Theta Network (THETA/USD) price went parabolic on Friday as demand for the coin jumped. It rose to a high of $1.6512, which was the highest level since May 11th of this year. It has risen by over 75% from its lowest level this year, bringing its total market cap to over $1.4 billion.

Theta network was trading at its highest point in three months on Friday, as prices broke out of a key resistance level. Today's move comes as crypto markets were mostly higher in the session, climbing 2.86% as of writing. Near protocol rose by 17%, also recording multi-month highs.

THETA price jumps with double digits gain showcase a breakout attempt from the range resistance of $1.5. However, the altcoin is yet to give a candle closing above this level to give a breakout confirmation.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. In June, Bitcoin posted a low of $17.8k on the charts.