We went long THETA 18 months ago today. The cryptocurrency has had an amazing run throughout 2020. The price looks somewhat extended right now with $1.15 possibly a more appetizing entry point for newcomers. $1.15 is where the 8 day EMA sits on a one year chart ($0.89 above on longer term chart) and we can expect a contraction to somewhere close to that price level after such a monster move. A worse case scenario could see Theta fall to the 100 day Simple Moving Average at $0.70 on a one year chart once it blows off some steam.
Theta's platform allows users to earn money by sharing bandwidth and computing resources on a peer-to-peer (P2P) basis.
Turing-complete smart contract support was enabled on the Theta Blockchain Mainnet earlier this month. Smart contract funcionality open up a whole new set of user experiences and new attribution models for DApps built on the Theta network
Also, the team announced the next generation Theta blockchain: Theta Mainnet 3.0 projected to launch in the Spring 2021 will introduce TFUEL staking and burning.
We are +1030% on this trade and remain bullish on Theta.
Theta's platform allows users to earn money by sharing bandwidth and computing resources on a peer-to-peer (P2P) basis.
Turing-complete smart contract support was enabled on the Theta Blockchain Mainnet earlier this month. Smart contract funcionality open up a whole new set of user experiences and new attribution models for DApps built on the Theta network
Also, the team announced the next generation Theta blockchain: Theta Mainnet 3.0 projected to launch in the Spring 2021 will introduce TFUEL staking and burning.
We are +1030% on this trade and remain bullish on Theta.