![I’m investing in Theta (THETA) this week [19 July], and this is why!](http://invezz.com/wp-content/uploads/2020/10/theta-1-740x416.jpg)
2021-7-20 17:19 |
Theta THETA/USD is a blockchain network built for video streaming that launched in 2019 and has been making waves ever since. It relies on a peer-to-peer network for all of its bandwidth and computing resource sharing.
On July 1, in less than 24 hours post-Mainnet 3.0, the total staked FUEL passed 1 billion.
Earlier this year, Theta launched Theta Drop, which is a fast, cheap, green, and reliable way to power NFTs through the THETA Network.
Ever since this occurred, we saw numerous artists drop their NFTs on the platform.
In fact, Katy Perry launched her NFTs and acquired a stake in Theta Labs on June 30.
Crazy 4 Cryptos launched their NFTs on Theta Drop on July 8.
Hinse, a video freelancer from Australia, dropped his first-ever NFT in collaboration with Theta Drop on July 12.
All of this indicates tremendous usage of the THETA blockchain, and we are seeing artists from across the globe quickly starting to adopt the latest NFT trend through the Theta Drop platform.
This encourages heightened usage of the THETA token, and as such, we can expect the price of THETA to rise as a result.
Should you invest in THETA (THETA)?On July 19, THETA was valued at $4.27.
To get a clearer understanding if it is a worthwhile investment at this price point, we need to look at its historical value first.
The THETA token experienced its all-time high of $15.72 on April 16. This gives us a clear perspective as to exactly how high the token can climb in terms of value. To further analyze the value, let’s look at the month of June. THETA saw its highest value on June 18, at $9.79. THETA saw its lowest value on June 22, at $5.41.
This gives us a perspective of how high the token has gone as of recently in terms of value, as well as how low it has fallen in value.
However, when we look at it from the lens of July 19, its value is at one of its lowest points.
At $4.27, investing in THETA is an excellent idea due to the fact that it has huge potential to go up from here, especially with so many high-end artists investing heavily in their NFTs on the Theta Drop platform.
The post I’m investing in Theta (THETA) this week [19 July], and this is why! appeared first on Invezz.
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