Monday, May 16

Down But Not Down: Why Theta Could Be An Extraordinary Star In 2022 By Cointelegraph


©Reuters. Down, but not down: Why Theta could be an extraordinary star in 2022

The year 2021 was a rollercoaster ride for many projects in the cryptocurrency market, but as is the nature of cryptocurrencies, many tokens hit new all-time highs and then spent the following months going down as the hype surrounding the project faded. and operators were leaving for greener pastures.

This is exactly what happened with Theta, a decentralized streaming platform that allows users to earn rewards by contributing their computing resources to the health of the network.

Theta token kicked off its run on December 11, 2020, when it surged 2,468% from a price of $0.621 to a new high of $15.90 on April 16, 2021, as Global 500 companies like Google (NASDAQ:) and Sony (T:) Europe joined the network’s validator program, and Theta Labs was granted its second patent on designs for blockchain-based decentralized video and data delivery.

Read the full article on Cointelegraph

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