Theta Token is seeing progressive gains and higher lows with a 30% gain in price against USD in the last 7 days. Will the token reach another high like the 220% gain in one day happened on the 30th of November?
The Theta blockchain is the only end-to-end infrastructure for decentralized video streaming and delivery that provides both technical and economic solutions.
Theta Network had its first Dapp built on it in 2018, we’re talking about SLIVER. SLIVER.tv is the next generation Esports entertainment platform on blockchain which features 24/7 live streaming content from top games like Fortnite, League of Legends, CSGO, and more.
Viewers can watch top Twitch streamers like NICKMERCS, Method, and FaZe on SLIVER to further interact with the stream and earn Theta tokens, open themed crates, and win a wide variety of gaming gear.
Looking at recent price movement, Theta Token has seen some increase on a weekly and daily time frame, with gains that reached 55% since middle January, which 20% just in the last few days.
In another chart, we can see the price passing the 21 (green) and 61 (blue) EMAs, stopping at the 100 EMA (red) where we could see a short term retracement. Another good sign is the upcoming crossing between the two EMAs (21 & 61), where the 21 EMA looks ready to cross the 61 EMA, and that will be a pretty positive sign for traders.
Once the price crosses the 100 EMA, we will probably see a major rise towards the 200 EMA.
At this moment the price is pretty close to a major resistance around $0.065 USD, which is a focal point to look at for the determination of the next price direction. In the chart below you can see better what we mean:
Is it the start of a new rally due to upcoming MainNet launch? In the last news, we have the first ever livestreamer on Theta Network, as you can see it the official tweet:
As we said you can already watch on Sliver.tv the most viewed Twitch streamers like NICKMERCS with its 2 Million followers. The gaming industry and with it the streaming industry, is a fast-growing environment, especially with the advancement of VR technology.
That’s why the junction between Theta Network and Sliver.tv will be very beneficial since you can earn Theta Tokens watching the streams on Sliver and interacting with its platform. Theta will also allow building more Dapps on its platform, with the possibility to integrate it in other projects as well.
The MainNet Launch is scheduled for the 15th of March and before that, we will see more updates from the Theta team. In the tweet below we can see what it’s going to be about:
Another factor for a possible price increase could be the distribution of Theta Fuel for “hodlers” in a 1:5 proportion, which could higher the Theta Token demand in sight of this event.
Overall the project is solid and same for the team behind it, the gaming & streaming industry is a multi-billion environment and there is still room for good projects like this one to get a big share of it.
What do you think about the Theta Network and Sliver.tv? Let us know below in the comment section and remember that this is not financial advice but our personal opinion about the project and its development.
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