Buy Theta Fuel TFUEL is a promising video streaming platform on the blockchain technology, which is primarily intended to revolutionize the streaming of games and live videos. The utility token Theta Fuel (TFUEL) has been in a slight downtrend for some time now, but has gained 11.18 percent in the last 24 hours. Is it worth investing in the token?

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Theta Fuel (TFUEL) rose 11.18% – is recovery in sight?

While the entire cryptocurrency market has been highly volatile in recent days, an uptrend is now slowly returning. This can be seen especially in altcoins, including Theta Fuel (TFUEL). The price of Theta Fuel has increased by 11.18 percent in the last 24 hours.

In addition, the new function of Theta began yesterday with the 1-Click Staking. User of can delegate their coins to Guardian Nodes operated by the community for staking. This also makes it easier to earn staking rewards in the form of Theta Fuel (TFUEL). It is now expected that the price of Theta Fuel will climb in the coming weeks.

Theta with big visions-Video streaming of the future

The goal of Theta is to make it easier for everyone to upload content as well as stream. This is a blockchain network for video streaming, which was launched in 2019 and has been making big waves ever since. On relying on a peer-to-peer network to obtain greater bandwidths through the sharing of computing resources.

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On July 1, Theta also launched Mainnet 3.0, after launching Theta Drop earlier this year to distribute NFTs (non-fungible tokens) over the network. Since then, numerous artists have joined the Theta network and publish their NFTs through it. Even though there has been a slight downward movement for Theta in recent months, there is now a chance that Theta Fuel could move back into an uptrend.

Theta Fuel (TFUEL): what’s behind the token

Theta Fuel (TFUEL) is one of the two native tokens in the Theta blockchain. TFUEL should not be confused with Theta Token (THETA), the governance token of the Theta blockchain supported by thousands of community-powered Guardian nodes and its enterprise validators such as Google, Binance, Blockchain Ventures, Gumi and Samsung.

TFUEL is the second token in the Theta blockchain that serves as a utility token in decentralized video and data delivery. Theta Fuel is used for all operations that operate on the Theta blockchain. These include payments for stream sharing, deployment and interation with smart contracts, and as a fee for the transactions of the NFTs and DeFi applications.

Buy Theta Fuel, or not?

The Theta Fuel Token reached its all-time high of $ 0.5905 on June 19. Although this amount is still a long way off, this is still a guideline for how high the price could actually rise in the near future.

Although the cryptocurrency market is currently highly volatile, an investment in Theta Fuel (TFUEL) could be worthwhile right now, as the token is currently particularly cheap. The Platform as well as the Theta Fuel Token have enormous growth potential. Artists like Katy Perry have already sold their first NFTs through the platform. An early investment might be worth it!

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Last updated on July 22, 2021

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