Theta Network is a blockchain project that supports Web3 infrastructures for content, media, video, and entertainment. Its native token is called THETA.
Theta Network investors are bullish on the token since it has had a return on investment (ROI) of over 30 times in the past 2 years. The crypto bubble of 2021 led to an increase in the price of THETA to its present all-time high (ATH) of $15.90 which was attained in April 2021. Irrespective of the recent crypto winter, THETA investors are confident that the future of THETA is bullish.
If you are interested in the future of Theta Network (THETA) and would want to know the price analysis and price prediction of THETA for 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.
Theta Network is a Web3 infrastructure for video, media, and entertainment that was launched in 2018 by its cofounders Mitch Liu and Jieyi Long. Its mainnet 1.0 was launched in March 2019 while its mainnet 2.0 was launched in May 2020.
Through its positioning in the development of Web3, Theta Network has attracted top partners such as Google (NASDAQ:GOOGL), Samsung (KS:005930), Sony (NYSE:SONY), Fuse Media, and Edge Nodes.
Although the first announcement about the Theta token was made in 2017 on Medium, its token sale started in January 2018. Before the launch of its mainnet, THETA was an Ethereum ERC-20 token. Theta is open source and works on the proof-of-stake (PoS) consensus mechanism.
Theta Network enables video creators to create, stream, and receive incentives from users who view their videos in the form of Theta native token (THETA). This reward can be withdrawn and sold in the centralized wallet and sold for cash. The two tokens that powers the Theta Network are THETA and Theta Fuel (TFUEL). TFUEL powers the internal economy of the decentralized media platform.
Users can also receive THETA incentives by sharing their excess bandwidth with other users. An announcement was made in June 2021 that an NFT marketplace has been created where users can now create NFTs about media celebrities and receive THETA payment. This is to increase the adoption of THETA.
The maximum supply of Theta Network (THETA) is 1 billion THETA while its maximum supply is 1 billion THETA according to CoinMarketCap. At the time of writing, THETA is trading for $1.25, representing a 24-hour increase of 3.37%. The trading volume of THETA in the past 24 hours is $41,519,331 which represents a 0.76% increase.
Some of the top cryptocurrency exchanges for trading Theta Network (THETA) are Binance, Kucoin, Huobi Global, Gate.io, and others.
Now that you have known what THETA is and its current market status, we shall discuss the price analysis of Theta Network (THETA) for 2023.
Currently, THETA is ranked in the 46th position on CoinMarketCap. Will developments and upgrades within the Theta Network community lead to a rise in the price of Theta Network (THETA)? We shall see this in this Coin Edition price analysis 2023 article…
Theta Network (THETA) Price Analysis – Keltner Channel
THETA/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
The Keltner Channel is a technical analysis indicator used to determine trend direction by measuring volatility above and below the candlesticks. According to the Keltner Channel signals for Theta Network (THETA), the current bullish run could continue because the recent candlesticks are within the first half of the channel. Furthermore, because the last candlestick is bullish, the current increase in the price of THETA may be sustained before any reversal is expected.
Theta Network (THETA) Price Analysis – Relative Strength Index
THETA/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
The Relative Strength Index (RSI) is a technical analysis indicator that determines whether an asset is oversold or overbought by measuring the relative momentum in the magnitude and speed of recent price changes. Theta Network (THETA) RSI value on the 1-day chart of THETA/USDT is 60.53. This value could spark another bullish run if more buyers are drawn in by the expected price increase to the 70 RSI value, which represents the strong region of a price reversal.
Theta Network (THETA) Price Prediction – Moving Averages
THETA/USDT 1Day Chart Showing 200-MA and 50-MA (Source: Tradingview)
The chart above shows the 1Day chart of THETA 200-day and 50-day Moving Average (MA). Presently, THETA is on a bullish trend as indicated in the recent uptrend. Since a golden cross of the 50-day moving average crossing over the 200-day moving average is happening soon, we can expect a bull run for THETA.
Also, since the gap between the moving averages is narrow and above the recently formed candlesticks, the price of Theta Network (THETA) might experience a big rise or fall in the future. Investors should wait for a few confirmations before taking the trade as it can be the golden cross or just a free fall.
THETA/USDT 1Day Chart (Source: Tradingview)
By looking at the daily chart of THETA/USDT, the THETA price was swinging from the weak low of $0.707 and then rose up to its 1-day primary resistance level between $1.327 and $1.271. Moreover, the coin is above the 200-day moving average, meaning that the market bounced back from the support level and now going bullish. However, it still needs more pressure and buying strength to cross over the current 1-day resistance level. If that happens, we can expect THETA to rise up to its previous strong high at $1.712.
Meanwhile, our long-term THETA price prediction for 2023 is bullish since it cannot break the present support level soon. We can expect THETA to reach $1.712 in 2023.
Theta Network (THETA) Price Prediction – Resistance and Support Levels
THETA/USDT 1Day Chart (Source: Tradingview)
This bullish chart shows that the price of THETA was ranging from $0.9746 and $1.30 in the previous 30 days. Moreover, THETA has been up by 1.29% in the past 24 hours. If this price increase continues, THETA could break the $1.271 level and move higher to $2.367, and even higher, the bullish signal for 2023.
However, if sellers have their way, the price of THETA might be dethroned from its present uptrend position. In simpler terms, THETA might trend below the $0.912 support level, and even lower in 2023, a bearish signal.
Theta Network (THETA) price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $5, making it not plummet but play consistently. Additionally, this could only be possible if THETA breaks through past psychological resistance levels.
Theta Network (THETA) prices might grow past $12 during the next three years. Furthermore, hitting this level might not be so tough for THETA due to new medium, short-term, and long-term price objectives for purchase or sell orders that may be discovered.
Theta Network (THETA) prices might grow past $20 during the next four years. Furthermore, hitting this level might not be so tough for THETA due to new medium, short-term, and long-term price objectives for purchase or sell orders that may be discovered. According to the forecast, THETA has a strong chance of reaching a new all-time high (ATH) price.
Theta Network (THETA) prices might grow past $28 during the next five years. Furthermore, hitting this level might not be so tough for THETA due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, THETA has a strong chance of reaching a new all-time high (ATH) price.
Theta Network (THETA) prices might grow past $36 during the next six years. Furthermore, hitting this level might not be so tough for THETA due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, THETA has a strong chance of reaching a new all-time high (ATH) price.
Theta Network (THETA) prices might grow past $44 during the next seven years. Furthermore, hitting this level might not be so tough for THETA due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, THETA has a strong chance of reaching a new all-time high (ATH) price.
Theta Network (THETA) prices might grow past $59 during the next eight years. Furthermore, hitting this level might not be so tough for THETA due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, THETA has a strong chance of reaching a new all-time high (ATH) price.
According to our long-term THETA price estimate, THETA prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $130 by 2040. If the market becomes bullish, the price of THETA may increase beyond our 2040 forecast.
According to our THETA forecast, the average price of Filecoin in 2050 might be above $280. If more investors are drawn to THETA between these years, the price of THETA in 2050 could be far higher than our projection.
As said above, THETA might reach $5 in 2023 and $100 by 2030 if investors have decided that THETA is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
What is Theta Network (THETA)? Theta Network is a blockchain project for video sharing. Its native token is THETA.
How to buy Theta Network (THETA) Token? Like other cryptocurrencies, Theta Network (THETA) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Kucoin, Gate.io, and others.
Will Theta Network surpass its present ATH? Theta Network has a low possibility of surpassing its present all-time high (ATH) price of $15.90 in 2026.
When was Theta Network (THETA) launched? It was launched in January 2018.
What will be the Theta Network (THETA) price by 2023? Theta Network (THETA) price is expected to reach $2.26 by 2023.
What will be the Theta Network (THETA) price by 2024? Theta Network (THETA) price is expected to reach $5 by 2024.
What will be the Theta Network (THETA) price by 2025? Theta Network (THETA) price is expected to reach $12 by 2025.
What will be the Theta Network (THETA) price by 2026? Theta Network (THETA) price is expected to reach $20 by 2026.
What will be the Theta Network (THETA) price by 2027? Theta Network (THETA) price is expected to reach $28 by 2027.
What will be the Theta Network (THETA) price by 2028? Theta Network (THETA) price is expected to reach $36 by 2028.
What will be the Theta Network (THETA) price by 2029? Theta Network (THETA) price is expected to reach $44 by 2029.
What will be the Theta Network (THETA) price by 2030 Theta Network (THETA) price is expected to reach $59 by 2030.
What will be the Theta Network (THETA) price by 2040? Theta Network (THETA) price is expected to reach $130 by 2040.
What will be the Theta Network (THETA) price by 2050? Theta Network (THETA) price is expected to reach $280 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
See original on CoinEdition
Source: Cryptocurrency - investing.com
