Here’s a summary of the latest news and developments surrounding Theta Network and its native cryptocurrency, THETA:
- Hivello, a DePIN (Decentralized Physical Infrastructure Network) aggregator, has integrated Theta Network, becoming its 11th DePIN partner.
- This collaboration enables Hivello users to earn passive income by sharing their idle computing resources (GPU and CPU) for Theta Network’s video streaming and AI content processing.
- The partnership aims to boost earning opportunities for Hivello users and strengthen the DePIN ecosystem.
- This integration highlights the increasing demand for decentralized infrastructure in sectors like media and AI.
- Blockmate Ventures CEO Justin Rosenberg commented on how this strengthens the Hivello platform and enhances user participation value.
- Hivello Chairman Domenic Carosa called it an exciting step towards building a comprehensive DePIN aggregator.
- Theta Network and AWS have launched Amazon AI chips, Trainium and Inferentia, on the EdgeCloud platform.
- Yonsei University’s lab is utilizing this infrastructure for AI agent research.
- Theta EdgeCloud, a decentralized cloud computing platform, is set to launch later in 2024, supporting video streaming and AI applications.
- Theta Labs head of strategy Wes Levitt suggests decentralized cloud offers more cost-effective and flexible AI solutions.
- Theta Network’s enterprise validator and governance council includes Google, Samsung, Sony, Creative Artists Agency (CAA), and Binance.
- Theta has partnerships with major entertainment brands and strategic corporate investors.
- Theta is advised by YouTube co-founder Steve Chen and Twitch co-founder Justin Kan.
- The ThetaDrop NFT marketplace utilizes these partnerships.
- The live Theta Network price is $0.912188 USD with a 24-hour trading volume of $49,015,412 USD.
- THETA is up 10.35% in the last 24 hours and 18.80% in the last 7 days.
- Its market cap is $912,188,051 USD, ranking #93 on CoinMarketCap.
- Technical analysis shows mixed signals, with short-term bullish momentum but more conservative daily and weekly trends.
- Price predictions for THETA vary widely, from around $0.94 by late 2025 to potentially over $10 by 2030.
Note: Cryptocurrency markets are highly volatile, and price predictions are speculative. It’s crucial to conduct thorough research before making investment decisions.
This information provides a snapshot of the current landscape surrounding Theta Network and THETA. For further details and the latest updates, refer to the cited sources.
Does THETA token have a future?
Good point! Looking further into the future, the THETA token is forecasted to reach $13.2 by 2030. This long-term prediction indicates significant growth potential for THETA over the next decade.
How high can THETA coin go?
DigitalCoinPrice’s Theta Network price prediction said that the average price in 2022 could be $1.07, rising to $2.33 in 2023 and $3.08 in 2024. Its theta coin price prediction for 2025 suggested the token could rise to $4.17, before climbing to $9.23 in 2029, $13.05 in 2030 and $17.90 in 2031.
Is THETA a buy or sell?
The option’s value diminishes as time passes until the option expires and reaches zero time value. This is why theta is good for sellers and not so for buyers —value decreases from the buyer’s side as time goes by and increases for the seller.