Key Takeaways
The Theta Network aims to put video streaming on the blockchain. The long-serving platform recently made the headlines when it launched the EdgeCloud cloud network on May 1, 2024.
The EdgeCloud got its latest client in October when the University of Oregon in the United States announced it would use the platform for AI training.
On Nov. 19 2024, THETA was worth about $1.75.
Let’s examine our Theta price predictions, made on Nov. 19, 2024. We will also examine Theta’s price history and discuss what Theta is and what it does.
Let’s examine some of the Theta Network price predictions for Nov. 19, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, meaning they can change over time.
Minimum Theta Network Price | Average Theta Network Price | Maximum Theta Network Price | |
---|---|---|---|
2025 | $1.50 | $3 | $5 |
2026 | $2.50 | $4.50 | $8 |
2030 | $5 | $10 | $10.20 |
By 2025, THETA is likely to continue recovering from the current correction, supported by the increasing adoption of blockchain-based video streaming and decentralized content delivery networks. With bullish momentum potentially driving the price to $5.00, broader market conditions or resistance at prior highs may cap the average price at $3.00, while bearish scenarios could keep it above $1.50.
In 2026, THETA’s ecosystem may expand further, with adoption among content creators and streaming platforms contributing to its growth. As blockchain technology matures, the price could reach a high of $8.00, though consolidation phases or macroeconomic challenges may see it average around $4.50, with downside risks to $2.50.
By 2030, THETA could capitalize on a fully developed decentralized streaming ecosystem and widespread blockchain integration, significantly increasing its value. With strong institutional and user adoption, the price may peak at $20.00, while the average is expected to stabilize at $10.00. Even under bearish conditions, the token is unlikely to fall below $5.00.
THETA experienced a prolonged correction after its five-wave impulsive structure peaked near $4 in March 2024. The correction followed an ABC pattern, with wave C bottoming near $1 on August 5. Since then, THETA has consolidated between $1 and $1.57, forming a strong base for accumulation.
Recently, THETA broke out above $1.57, ending its consolidation and signaling a potential new bullish phase. The RSI’s move above 60 supports this momentum, with the next significant resistance at $2. A break above $2 could pave the way for further gains, with a long-term target of $3.78, its March 2024 high.
From its November 4 low of $1, THETA has completed four waves of its new five-wave structure, with wave five now forming. After breaking out of the $1.57 range, the price reached $1.83 and began consolidating in a bullish flag pattern. If the flag resolves upward, the wave five targets could reach $2.10.
The Theta Network price prediction for the next 24 hours depends on what happens to the flag pattern.
Support is firmly established at $1.56, with additional support at $1.30 if a deeper correction occurs. The bullish trend remains intact as long as THETA holds above $1.56, with $2.10 as the next major resistance. Once wave five concludes a corrective move below $1.40 is expected to establish a higher low.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Nov. 19, 2024, Theta Network’s ATR was 0.148, suggesting relatively high volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Nov. 19, 2024, the theta network RSI was at 67, indicating a bullish trend that verges on overbought conditions.
The Total Value Locked (TVL) to market cap ratio (TVL ratio) measures the valuation of a decentralized finance (DeFi) project by comparing its market capitalization to the total value of assets locked in its smart contracts. This ratio shows the project’s utilization and links the platform’s health to locked asset value. A ratio above 1.0 indicates overvaluation because the market cap exceeds the value of assets used in the platform. A ratio below 1.0 indicates undervaluation because the market cap is lower than the value of locked assets.
On Nov. 19, 2024, the Theta Network TVL ratio was 871, suggesting severe overvaluation.
The CCN Strength Index combines an array of advanced market signals to quantify the strength of individual cryptocurrencies over a recent 30-day period.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Nov. 19, 2024, Theta Network scored 53.8 on the CCN Index, suggesting strong momentum.
We looked at the Theta Network price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, suggesting the best times to buy THETA.
Day of the Week | Friday |
Week | 9 |
Month | February |
Quarter | First |
Now, look at some of the key dates in the Theta Network price history. While past performance should never be taken as an indicator of future results, knowing what the crypto has done in the past can help give us some much-needed context when it comes to either making or interpreting a THETA price prediction.
Time Period | Theta Network Price |
---|---|
Last week (Nov. 12 2024) | $1.60 |
Last month (Oct. 12, 2024) | $1.32 |
Three months ago (Aug. 19, 2024) | $1.16 |
One year ago (Nov. 18, 2023) | $0.9807 |
Five years ago (July 31, 2023) | $0.09583 |
Launch price (Jan. 18, 2018) | $0.1835 |
All-time high (April 16, 2021) | $15.90 |
All-time low (March 13, 2020) | $0.03977 |
The market capitalization, or market cap, is the sum of the total number of THETA in circulation multiplied by its price.
On Nov. 19, 2024, Theta Network’s market cap was $1.73 billion, making it the 59th-largest crypto by that metric.
Supply and distribution | Figures |
---|---|
Maximum Supply | 1,000,000,000 |
Circulating Supply (as of Nov. 19, 2024) | 1,000,000,000 (100% of maximum supply) |
In its technical documentation or whitepaper , the Theta Network says it solves people’s problems with video streaming. It says: “Tokens on the Theta blockchain are used as an incentive to encourage individual users to share their redundant computing and bandwidth resources as caching or relay nodes for video streams.
“This improves the quality of stream delivery and solves the “last-mile” delivery problem.”
Online media streaming is one of the biggest tech growth stories of the last 15 years. Video streaming has exploded at pretty much the same time that blockchain technology and cryptocurrency have come online.
It makes sense that something would try to link the two. The Theta Network aims to do just that.
The blockchain allows content makers to make money by creating high-quality videos and lets content viewers cash in by supplying bandwidth.
Crypto entrepreneurs Jieyi Long and Mitch Liu founded Theta in 2017.
The THETA crypto coin supports the Theta Network.
In normal streaming networks, geographically linked groups of operators, called content delivery networks (CDNs), deliver video streaming content. The Theta Network has a worldwide group of people who offer up their bandwidth, which means that, unlike traditional CDNs, there should be fewer quality issues.
The platform relies on three groups of users or nodes. Enterprise Validator Nodes stake THETA to validate transactions and add blocks to the blockchain, while Guardian Nodes ensure that the Enterprise Validators have done their job accurately. Edge Nodes share bandwidth or stream videos in return for rewards.
As you might have already figured out, the Theta Network is a Proof-of-Stake (PoS) blockchain. This means that blocks are added based on how much THETA someone holds or stakes.
People who hold THETA can vote on network changes and buy, sell, and trade it on exchanges.
It is hard to say. The principle behind the Theta Network is good—finding two of the biggest tech growth sectors and fusing them—but how many people are ready to join is another matter.
It also appears that Edge Cloud has not had the sort of impact some may have hoped it would.
As always with crypto, you should do your own research before deciding whether or not to invest in THETA.
No one can really tell right now. While the Theta crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Theta, you will have to do your own research, not only on THETA but also related coins and tokens such as FLOW and Near Protocol (NEAR). Either way, you should make sure you never invest more money than you can afford to lose.
Technical analysis by Nikola Lazic.
It could do, although it seems unlikely in the shorter-term. Our THETA price prediction thinks it could reach $10 at most in 2030.
Keep in mind that Theta Network has not traded at $10 since May 2021.
THETA supports the Theta Network blockchain. People can also buy, sell, and trade it on exchanges.