Source: TradingViewThree factors for Thetas recent price development include the jobs strategy to engage with DeFi through its Theta DEX, the addition of clever agreement abilities and NFTs to its blockchain and a growing list of high-level collaborations that will help bring quality material to its video streaming network. Thetas addition of wise agreement functionality is an effort to capitalize on this trend.The Theta Token Minter permits users to develop new TNT-20 tokens without needing any smart contract experience. Big-name partnerships press THETA cost higherThe 3rd factor for THETAs improving fundamentals comes from the boost in prominent partnerships.On Feb. 9 the group revealed that home entertainment powerhouse Lionsgate, home to popular motion picture titles like John Wick and The Hunger Games, would be joining the Theta community. Cointelegraph Markets Pro – VORTECS ™ Score (green) vs. THETA priceData from Cointelegraph Markets Pro reveals that Thetas price was reducing on Feb. 6 following a bullish breakout which appears to be the result of ThetaSwaps release on Feb. 5.
The continual bullish performance from Bitcoin (BTC) and Ether (ETH) has increased the self-confidence of crypto financiers and many are now looking much deeper into projects that have strong principles and use real-world use cases. This week investors turned their attention to Theta (THETA), a decentralized network that enables users to share bandwidth and computing resources in order to stream video. In the last 2 months THETA rate has actually increased by more than 350%, rallying from $0.66 on Dec. 10 to a new all-time high of $3.44 on Feb. 13. THETA/USDT 4-hour chart. Source: TradingViewThree reasons for Thetas recent rate development include the projects plan to engage with DeFi through its Theta DEX, the addition of clever agreement capabilities and NFTs to its blockchain and a growing list of top-level partnerships that will help bring quality content to its video streaming network. Community engagement by means of non-fungible tokensFollowing the success of CryptoKitties during the 2017-2018 booming market, non-fungible tokens (NFT) have actually ended up being a repeating hot topic in the cryptocurrency sector. Thetas addition of wise agreement performance is an effort to profit from this trend.The Theta Token Minter allows users to develop brand-new TNT-20 tokens without requiring any smart contract experience. This streamlines the procedure of minting brand-new possessions on Theta blockchain, including custom-made streamer properties and brand-new DApps with their own tokens. The token minter platform likewise makes it easy for users to transact and trade in their newly minted tokens. ThetaSwap DEX bring DeFi-sized yields Decentralized finance has quickly become a cornerstone of the cryptocurrency ecosystem prompting projects that are major about their long-lasting practicality to create their own DeFi applications. Theta joined the party by introducing its ThetaSwap v1 decentralized exchange onFeb.4. ThetaSwap permits users to swap Theta-based TNT-20 tokens and Theta Fuel (TFUEL) in a manner comparable to the user experience on Uniswap and SushiSwap. The DEX permits NFT holders the opportunity to trade their antiques in a protected and basic manner through the integration of the Theta Chrome wallet extension readily available on both the Chrome and Brave web browsers. Future upgrades to ThetaSwap will add support for wrapped tokens, consisting of a covered kind of Theta similar to wETH or wBTC, together with the possible addition of several stablecoins whose providers have currently expressed interest in minting TNT20 types of their possessions. Big-name partnerships push THETA rate higherThe third reason for THETAs improving fundamentals originates from the boost in big-name partnerships.On Feb. 9 the group announced that home entertainment powerhouse Lionsgate, home to popular movie titles like John Wick and The Hunger Games, would be joining the Theta environment. The partnership will kick off with film night screenings starting in March. Cointelegraph Markets Pro – VORTECS ™ Score (green) vs. THETA priceData from Cointelegraph Markets Pro reveals that Thetas cost was decreasing on Feb. 6 following a bullish breakout which seems the result of ThetaSwaps release on Feb. 5. The VORTECS ™ score, exclusive to Cointelegraph, is an algorithmic contrast of historic and existing market conditions originated from a combination of information points including market sentiment, trading volume, current rate motions and Twitter activity.On Feb. 9 news of the Lionsgate partnership broke and by Feb. 10 the VORTECS ™ score increased to 80, a move which was followed by THETAs current rally to its all-time high at $3.49. Other noteworthy Theta partners consist of NASA, which hosts a channel that live streams rocket launches and most recently a live feed from a Mars rover. World Series of Poker has also accompanied Theta and its channel offers non-stop protection of the world poker trip. An increasing tide lifts all boatsThetas entryway into DeFi, the stable addition of big-name streaming partners and the strength of the current crypto bull market all point to a growing community that is just starting to show its true capacity. With Delawares Department of State revealing a current declare a Grayscale Theta Trust LLC, the altcoins price appreciation might simply be getting going as Bitcoin and altcoins are progressively capturing the eye of the mainstream investor. The views and viewpoints expressed here are exclusively those of the author and do not necessarily show the views of Cointelegraph.com. Every investment and trading relocation includes risk, you ought to perform your own research study when deciding.