Theta Fuel (TFUEL) is an ERC-20 utility token that powers Theta Network. Theta Network is a blockchain-based decentralized video streaming and delivery service developed by Theta Labs. TFUEL is one of the two tokens native to the network, and the other is THETA, although most operations (except governance) require TFUEL instead of THETA. The first implementation of Theta mainnet was launched by Theta Labs in 2019. Since then, there has been a major upgrade, and another upgrade (mainnet 3.0 release) is scheduled for June 2021.
The purpose of Theta Network is to solve some of the problems that plague streaming media services and content delivery networks (CDN), such as quality loss and high delivery costs. Theta’s algorithm encourages participating nodes to share their unused bandwidth and computing resources, thereby creating a decentralized platform.
There are three types of nodes in the network:
- Edge nodes share bandwidth, participate in some tasks and receive TFUEL rewards;
- Enterprise validators-large nodes used for initial block verification;
- Guardian (with the mainnet 2.0 update and launch)-Nodes pledge their THETA to confirm the block previously checked by the validator and receive TFUEL rewards.
This two-tier verification system is one of Theta Network’s most prominent features because it is such a smart technology. New features are constantly added through updates, such as the possibility of one-click entrusted mortgage, TFUEL token burning as a transaction “tax”, NFT support, etc.
The price of TFUEL has stayed in the range of US$0.001 to US$0.01 for most of its existence, and only began to climb around the beginning of 2021. There have been some announcements about the upcoming mainnet version 3.0 features. But then the price did soar, and in the spring of 2021 the cryptocurrency popular wave, it almost reached 0.5 US dollars. The price of TFUEL then experienced a period of high volatility, corrected to the level of $0.25, then surged to $0.4 and fell again, all of which was completed in less than a month. However, in the early summer of 2021, when most other cryptocurrency prices continued to fall, the price of TFUEL rose and jumped to a new high of $0.68. This may be due to the further release of mainnet 3.0 features and Theta’s high-profile partnership For example, let Hollywood’s CAA become a corporate verifier ticket. All in all, TFUEL has performed very well in this market.
Although it is almost impossible to perform 100% accurate technical analysis of Theta Fuel cryptocurrency, on this advanced technical analysis tool of TradingView, you can view real-time aggregated TFUEL trading ratings within a selected time frame. The summary of TFUEL/USD is based on the most popular technical indicators — moving averages, oscillators and pivots.
Below we have collected the most reliable Theta Fuel (TFUEL) price forecasts from popular forecasting platforms.
According to WalletInvestor, the price of Theta Fuel will rise from $0.4317 to $1.173 within one year. This makes TFUEL an amazing investment. The long-term profit potential is 171.72%. The forecast price at the end of 2026 is $4.196.
When answering the question about whether Theta Fuel is a good investment, TradingBeasts responded in the affirmative. From the perspective of 2021, the price of the token is expected to reach US$0.5627347 and increase to US$0.6561567 by the end of 2022.
In the DigitalCoin analysis, the price of Theta Fuel cryptocurrency will rise from today’s $0.427892 to $1.4827705 in the next 5 years. It will rise to 0.6932943 US dollars by 2022 and continue to grow in 2023-2024. According to this forecast, Theta Fuel is a profitable long-term investment.
It is clear from the analysis cited above that Theta Fuel (TFUEL) forecast is quite contradictory. There is no general consensus on the positive or negative trend of TFUEL prices in the future. In fact, the possible future growth depends on various factors: announcements, new technological solutions for Theta Fuel project, overall encryption environment, legal status, etc. We would like to remind you that you must conduct your own research (DYOR) before investing in any cryptocurrency.
Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.
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