Theta Network has seen its price rise by over 30% in the last two weeks.
As we continue to see stagnation from the broader crypto market there is one project that has bucked the recent trend.
Theta Network has managed to recover some of the gains lost in the widespread crypto market crash of late with a 30% rise over the last couple of weeks.
The platform’s fundamentals are also strong. Streaming services saw a huge rise in popularity over the course of the pandemic with Netflix seeing an increase of 23% in its revenue in 2020 compared to 2019.
Theta Network could therefore become more important in time as more consumers look for more ways to consume digital media.
Where to buy Theta Network while it dips
Over the past 24 hours, Theta Network’s price has seen a dip of 5.5%, creating an opportunity for interested traders to buy at slightly lower prices than have been seen of late.
Safemoon Trader is a trading software offering users a wide range of cryptocurrency coins including SAFEMOON, DOGE and Bitcoin.
Register with Safemoon Trader instantly
eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 14 Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.
Register with eToro instantly
What makes Theta Network a good buy right now?
As well as its recent price hike, Theta Network also holds good fundamental strength, as outlined above in regards to the popularity of streaming services.
With widespread adoption, Theta could facilitate a number of streaming services, such as for ESports, music, television, educational resources, peer-to-peer streaming and more.
The network would also offer a way for advertisers to more carefully target ads at specific users, which could take a significant chunk out of traditional advertising for television, where it generates most of its revenue.