Theta Network Price Prediction 2024: THETA Price Analysis
What's next for THETA?
Key Takeaways
- The Theta Network’s THETA coin has been in an upturn recently.
- The news that the platform would launch a cloud network generated interest in the crypto.
- Can THETA maintain upward momentum?
- One Theta Network price prediction suggests THETA can reach $3.68 in 2025.
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.
Theta Network did not respond to a request for comment.
On July 31, 2024, THETA was worth about $1.42.
Let’s examine our Theta price predictions, made on July 31, 2024. We will also examine the Theta price history and discuss what Theta is and what it does.
Theta Network Coin Price Prediction
Let’s examine some of the Theta Network price predictions for July 31, 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 anytime.
| Minimum Theta Network Price | Average Theta Network Price | Maximum Theta Network Price | |
|---|---|---|---|
| 2024 | $1.28 | $2.86 | $3.10 |
| 2025 | $3.07 | $3.46 | $3.68 |
| 2030 | $9.62 | $10.41 | $10.66 |
Theta Network Price Prediction for 2024
If the positive momentum continues and THETA breaks above its moving averages, it could reach targets between $1.28 and $3.10 by the end of 2024, with the average price set at $2.86.
Theta Network Price Prediction for 2025
Technical analysis suggests a potential increase for Theta Network in 2025. The minimum THETA price expected for 2025 is $1.15, while the maximum one is $3.68. On the other hand, the average forecast suggests it may reach $3.46.
Theta Network Price Prediction for 2030
Based on technical analysis, the THETA token may reach a maximum level of $10.66 at the beginning of the next decade, while, in the worst scenario, it may go to $9.62. Meanwhile, the average expected price is $10.41.
Theta Network Price Analysis
Theta Network’s current technical indicators suggest a mixed outlook. The Stochastic Oscillator shows a buy signal at 66.443.
However, the Stochastic RSI is in overbought territory at 97.597, which may warrant caution for potential buyers. Additionally, the Moving Average Convergence Divergence (MACD) is at -0.018, signaling a sell, and the Average Directional Index (ADX) is at 43.686, also suggesting a sell.
Short Term Theta Network Price Prediction
Current price prediction for Theta Network indicates a potential increase of 4% for the next 24 hours ad one of 7.4%, with an expected price of $1.531818 by August 30, 2024.
However, the technical indicators reveal a bearish sentiment, and the Fear & Greed Index stands at 61, suggesting a climate of greed in the market.
Over the past 30 days, Theta Network has experienced 17 out of 30 green days, translating to a 57% positive performance, but it has also faced a price volatility of 6.94%. Given these factors, it may not be an opportune time to invest in Theta Token at this moment.
Theta Network Relative Strength Index (RSI): Is THETA Oversold or Undersold?
Theta Network Price Performance Comparisons
How Do We Make a Theta Network Price Prediction?
Our price prediction for Theta Network combines technical analysis tools and recognizes the logic in price cycles. We’ve primarily used the Elliott Wave Principle, which describes these price movements in their motive and correction phases. Applied to the Theta Network-specific time-frames and its price history, we can come up with the targets, although the further we project, the less accurate they are because they depend on what happens in between.
Best Days and Months to Buy Theta Network
We looked at the Theta Network price history and found the times when the price was at its lowest across 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 |
Theta Network Price History
| Time Period | Theta Network Price |
|---|---|
| Last week (July 24, 2024) | $1.4849 |
| Last month (June 30, 2024) | $1.5859 |
| Three months ago (April 30, 2024) | $2.1825 |
| One year ago (July 31, 2023) | $0.7763 |
| Launch price (January 18, 2028) | $0.1835 |
| All-time high (March 26, 2021) | $13.27 |
| All-time low (January 1, 2019) | $0.04718 |
Theta Network Market Cap
The market capitalization, or market cap, is the sum of the total number of THETA in circulation multiplied by its price. On July 31, 2024, Theta Network’s market cap was $1.42 billion, therefore making it the 59th largest crypto by that metric.
Theta Network Supply and Distribution Fact Box
| Supply and distribution | Figures |
|---|---|
| Maximum Supply | 1,000,000,000 |
| Circulating Supply (as of July 31, 2024) | 1,000,000,000 (100% of maximum supply) |
From the Whitepaper
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.”
Theta Network (THETA) Explained
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.
How Theta Works
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. They can also buy, sell, and trade THETA on exchanges.
Is Theta Network a Good Investment?
It is hard to say. The principle behind the Theta Network is a good one—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.
Will Theta Network go up or down?
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, too, that prices can and do go down and up.
Should I invest in Theta Network?
Before you decide whether or not to invest in Theta, you will have to do your own research, not only on THETA but also on 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.
FAQs
Will Theta Network reach $10?
It could do, although it seems unlike 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.
What is Theta Network used for?
THETA supports the Theta Network blockchain. People can also buy, sell, and trade it on exchanges.
Will Theta Network reach $10?
It could do, although it seems unlike 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.
What is Theta Network used for?
THETA supports the Theta Network blockchain. People can also buy, sell, and trade it on exchanges.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
