TheTA, a streaming platform for decentralised content, is doing well after some bullish information
TheTA, the decentralised content-blockchain THETA, which is backed by Google and Samsung, rallied 18% today in response to the news that it was now supported by popular dApp wallet MetaMask. This support could allow THETA to reach a larger market and improve interoperability between other blockchains, such as Ethereum. Market sentiment seems to be indicating this.
Read on to find out more about THETA. We’ll also recommend some of the best places to buy THETA today.
Where and how to purchase THETA in the UK?
Investors looking to purchase THETA today needn’t look any further. We’ve shortlisted two of the best and most reliable places to buy THETA right here, and you can start trading as soon as you’ve signed up and funded your account.
We recommend only licensed and regulated sites. All brokers and exchanges that we recommend can be trusted with your hard earned money.
eToro, one of the most popular multi-asset trading platforms in the world, offers some of the best commission and fee rates in this industry. It’s a great platform for people just starting out.
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Coinbase was the first place to allow you to buy bitcoin. Since then, it has become a highly trusted exchange in the market.
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What is THETA? Why is it rallying?
THETA is a decentralised ecosystem for content that aims to improve video streaming both for consumers and creators. According to CoinMarketCap, THETA’s unique selling point is threefold: “viewers get rewarded with better quality streaming service, content creators improve their earnings and middlemen — video platforms — save money on building infrastructure and increase advertising and subscription revenues.”
THETA’s price surge of nearly 20% today can be attributed to the recent announcement that the blockchain is now supported by MetaMaskdAppWallet is one of the most well-known and popular. MetaMask, which is built around Ethereum, allows easy and effective integration with dApps or DeFi platforms. This is expected to make THETA’s user experience more seamless and increase interoperability.
Do I have to purchase THETA now?
THETA is a project which is gaining more traction over time, and the market is starting reflect this. The 1-month chart shows the THETA had its lowest point around 20 July. It has now broken through the monthly resistance of $6.40. This could open the door for a rally up to previous highs, and even April’s all-time high of $15.72.
THETA 1-month chart. Source: CoinMarketCap
With the price currently at $7.20, there’s a long way to go to that level. It could provide the fuel THETA needs to rally back up to its former highs if the rest of crypto market remains bullish over the next days and weeks.