Theta Network Price Prediction – Will THETA Price Hit $20 in 2022?
- Theta Network bullish price prediction 2022 is $10.078
- THETA might hit $20 soon
- The bearish price prediction 2022 for THETA is $2.220.
The Theta Network (THETA) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our price analysis and prediction.
The cryptocurrency market has started to recover again after a few days of decline. There are many crypto assets that surged to a new all-time high during the recent 2021 bullish run. Theta Network (THETA) attained a new all-time high price of $15.90 on April 16th, 2021, and has given its investors a return on investment of 8982% in the past 23 months.
Now that we’ve seen the performance of THETA, will it be a profitable cryptocurrency in 2022? Let’s find out in this CoinQuora Theta Network (THETA) Price Analysis and Price Prediction 2022.
What is Theta (THETA)?
Theta (THETA) is a blockchain-based network that is created for video streaming. THETA is launched in March 2019, the Theta mainnet works as a decentralized platform in which users share bandwidth and computing resources on a P2P basis. More so, the project is advised by the co-founder of YouTube and co-founder of Twitch Justin Kan.
Theta has its own native token THETA which performs different governance functions within the networks. This counts Binance, Google, Gumi, Blockchain ventures, Sony Europe, and Samsung as Enterprise validators, as well as with a Guardian network of thousands of community-run guardian nodes.
In addition, developers explain that the project focuses on shaking up the video streaming industry in its present forms like centralization, poor infrastructure, and high costs. This indicates that the end-users mostly end up with a poor experience. Notably, the content creators earn less revenue because of the barriers between them and end-users.
Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe, and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes. It was co-founded by Mitch Liu and Jieyi Long in 2018.
Technicalities on Theta Network (THETA) Protocol
Theta’s main business concept is to decentralize video streaming, data delivery, and edge computing, making it more efficient, cost-effective, and fair for industry participants.
The platform is open source, and token holders receive governance powers as with many proof-of-stake (PoS)-based blockchain ecosystems.
Theta Network (THETA) Current Market Status
At the time of writing, the price of Theta Network (THETA) is $3.66 with a 24-hour trading volume of $407.448,309. THETA has increased by 4.89% in the past 24-hours and is ranked in position 40th in CoinMarketCap.
Some top exchanges for the trading of Theta network (THETA) include Binance, Kucoin, Bitfinex, Gate.io, Bithumb, Huobi Global, Bitmart, Upbit, and others.
Now, let’s proceed to the next part of this THETA technical analysis 2022.
Theta Network (THETA) Price Analysis
Theta Network continues to be one of the trusted crypto assets in the crypto community. THETA ranks as one of the top 40 cryptocurrencies in CoinMarketCap.
From the Keltner Channel chart for THETA/USDT above, it could be deduced that the price of the Theta network might increase further since the present bullish candlestick is not close to the bottom curve.
Since the relative strength index (RSI) value of Theta Network (THETA) is 54, it indicates that the recent bullish run of THETA is strong.
From the chart above, it could be seen that the price of Theta Network (THETA) follows the same pattern as that of Ethereum (ETH) and bitcoin (BTC). This means that THETA could remain bullish as the price of BTC and ETH are recovering from their recent price decrease.
Theta Network (THETA) Moving Average’s (MA) chart of 200-day and 50-day is shown above. Currently, THETA is in a bullish state. Notably, the THETA 50-day MA is below the 200-day MA (long-term), so it is completely in a bullish state. Therefore, there is a high possibility of a trend reversal at any time, though long-term investors would recover from any decline in price.
Theta Network (THETA) Price Prediction
The chart below shows that Theta Network (THETA) has performed well in the past few days. Moreover, THETA increased by 24.6% in the last 14 days. If this trend continues, Theta Network might run along with the bulls, overtaking its $4.348 resistance1 level and going higher to $10.078 at resistance3 level which is the bullish signal for 2022.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone THETA from its bullish position. In simpler terms, the price of Theta Network might decline to almost $2.220, a bearish signal.
Meanwhile, our long-term THETA price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $15.90 this year. However, that will only happen if it breaks many previous psychological resistances.
Theta Network (THETA) Price Prediction 2022
If THETA’s bullish trend continues, THETA will reach $20 by the end of 2022. Moreover, the first half of this bullish trend continues, THETA will reach $10.078 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $5.986. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $20 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Theta Network (THETA) Price Prediction 2023
The price of THETA can move even great heights, however reaching $100 by the end of 2023. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency THETA breaks past the psychological resistance level.
THETA Price Prediction 2024
As per the latest upgrades, developments, THETA price prediction, and new project forecasts of the platform. Moreover, this might boost the price of Theta Network in the crypto market, and it will be the best investment as the price can spike and reach around $150 by the end of 2024.
THETA Price Prediction 2025
If Theta Network maintains an RSI value that is above 55 by the end of 2024, it has a possibility to reach $200 by the end of 2025.
Theta Network (THETA) Price Prediction 2026
With the increase in cryptocurrency knowledge and investment in most crypto projects, the price of THETA might reach $300 by the end of 2026.
Conclusion
Theta Network (THETA) has a good prospect in the future. With the ongoing developments and partnerships in the THETA Network ecosystem, we might see THETA attain a new all-time high price soon.
Due to the possible formation of double tops at the $5.986 resistance2 level, the price of THETA might plummet at that point, unless there is a breakout. So, it is important that traders observe the price action around that price.
Bullish THETA price prediction 2022 is $10.078. As said above, it may even reach $20 if investors have decided that Theta Network is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Theta (THETA) is a blockchain-powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.
Theta Network (THETA) uses a proof of stake (PoS) mechanism.
Users can buy Theta Network (THETA) coins by purchasing them from cryptocurrency exchanges such as Binance, Huobi Global, Kucoin, Bitfinex, Gate.io, and others.
THETA is a good investment in 2022. Moreover, THETA has a high possibility of surpassing its current ATH at about $15.90 this year.
Theta is one of the silent cryptocurrencies that enter 2021 along with the bullish market. If this trend continues, crypto might have the chance to experience a bright future ahead.
Yes, it’s very much possible that Theta Network (THETA) might reach $20 in the near future as per the current bullish trend.
Yes, as per the current trend it is very much possible that THETA hit $20 before 2022 ends.
THETA price is expected to reach $10.078 by 2022.
Theta Network price is expected to reach $100 by 2023.
THETA price is expected to reach $150 by 2024.
Theta Network price is expected to reach $200 by 2025.
Theta Network (THETA) price is expected to reach $300 by 2026
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
Recommended Articles
