Theta Fuel Fundamental Analysis
Theta Fuel (TFUEL) is an ERC-20 utility token powering Theta Network, a blockchain-based decentralized video streaming and delivery service developed by Theta Labs. TFUEL is one of the two tokens native to this network, the other being THETA, although the majority of operations (except for governance) require TFUEL and not THETA. The first implementation of Theta mainnet was launched in 2019 by Theta Labs. Since then, there’s been one major upgrade, with another one (the mainnet 3.0 launch) slated for June 2021.
Theta Network’s purpose is to solve some problems which plague streaming services and content delivery networks (CDNs), such as quality losses and high delivery costs. Theta’s algorithm incentivizes participating nodes to share their unused bandwidth and computing resources, creating a decentralized platform.
There are three types of nodes in the network:
Edge nodes share their bandwidth, participate in some tasks and get rewarded with TFUEL;Enterprise validators — large nodes used for the initial block verification;Guardians (went live with the mainnet 2.0 update) — nodes that stake their THETA to confirm the blocks previously checked by validators and claim TFUEL rewards.
This two-layer validation system is one of the most prominent features of Theta Network since it’s such a clever technology. New functionality is being constantly added through updates, such as the possibility of 1-click delegated staking, TFUEL tokens burning as a transaction “tax”, NFT support, etc.
Theta Fuel Live Price Chart
TFUEL price had been stuck in the $0.001-$0.01 range for most of its existence and started to climb up only around the beginning of 2021, following some announcements concerning the upcoming mainnet 3.0 release functionality. But the price had really soared later, on the wave of crypto popularity in the spring of 2021, almost reaching $0.5. TFUEL price later experienced a period of high volatility, correcting to the ~$0.25 level, later surging to ~$0.4 and back down again, all inside a span of less than a month. However, at the beginning of the summer of 2021, while most other crypto prices kept declining, TFUEL price rallied, jumping to a new record high of $0.68, probably due to the excitement caused by further mainnet 3.0 feature announcements, and also by Theta making high-profile partnerships, like getting Hollywood’s CAA to be an enterprise validator note. All in all, TFUEL has done amazingly well in this market.
Theta Fuel Technical Analysis
Despite the fact that 100% accurate technical analysis for Theta Fuel cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated TFUEL buy-and-sell rating for selected timeframe. The summary for TFUEL/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Theta Fuel Price Prediction
Below we have collected the most reliable price projections for Theta Fuel (TFUEL) from popular forecast platforms.
#1. WalletInvestor TFUEL Price Prediction for 2021, 2023, 2025
According to WalletInvestor, Theta Fuel price will grow from $0.4317 to $1.173 in one year. That makes TFUEL an awesome investment. The long-term earning potential is 171.72%. Predicted price for the end of 2026 is $4.196.
#2. TradingBeasts TFUEL Price Prediction for 2022
Answering the question about if Theta Fuel is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $0.5627347 with a growth to $0.6561567 by the end of 2022.
#3. DigitalCoin TFUEL Price Forecast for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of Theta Fuel cryptocurrency will rise in the next 5 years starting from $0.427892 as of today’s price to $1.4827705. It will go up to $0.6932943 by 2022 and continue its growth in 2023–2024. Based on this forecast, Theta Fuel is a profitable long-term investment.
As it can be clear from the analysis cited above, Theta Fuel (TFUEL) projections are rather contradictory. There is no universal consensus either about positive or negative future TFUEL price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Theta Fuel projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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