Theta Fuel (TFUEL) is one of the two native tokens on the Theta blockchain. TFUEL should not be mistaken for Theta Token (THETA), which is the governance token of the Theta blockchain supported by thousands of community-run Guardian nodes and its Enterprise validators including Google, Binance, Blockchain ventures, Gumi and Samsung.
TFUEL is the second token on the Theta blockchain that serves as the utility token in decentralized video and data delivery, it also acts as a gas token. This means that it is used to power all operations on the Theta blockchain, like payments to relayers for sharing a video stream, for deploying and interacting with smart contracts, and as fees associated with transacting NTFS and DeFi applications.
In addition, it is also used to incentivize users in the ecosystem who share their redundant computing power as Edge Compute nodes as well as bandwidth resources as Edge Caching nodes for video streams and other data.
Theta Fuel is the new premium currency on THETA.tv. Theta Token was phased out and is able to be converted into TFuel. The conversion is 10 TFuel for 1 THETA so your buying power in the THETA.tv store remains the same.
Theta Fuel (TFUEL) is a decentralized new generation video distribution and sharing network developed as a result of combining blockchain technology with the power of users who are interested in social networks. To put it another way, Theta Fuel (TFUEL) is an open-source protocol built to power an underlying distributed streaming network that will then allow DApps, i.e. decentralized applications, to be built on top of it.
The features of the platform can be listed as follows:
In addition, the platform offers open-source networks and protocols. In other words, Theta provides a service open to all developers and partners to develop its network. However, thanks to Theta, video platforms, and content providers can create customized Dapps for their audiences.
The weekly technical chart of the TFUEL price highlights a bearish(Downtrend). It has observed a loss of more than 5% in the weekly time frame, in this writing. Theta Fuel's ROI underperformed in the'' category which had 3718% growth over the past year and Theta Fuel underperformed in the crypto market which had 3718% growth over the past year. If you want to learn more, see this link.
The Theta Fuel's Popularity shows that Reddit with a 38% growth rate and Twitter with a 23% growth rate has very better results in TFUEL's Marketing. But Telegram with a 0% growth rate is not good. The TFUEL's Marketing must work more on Telegram for better popularity. To see the chart and more information read here.
The Theta Fuel's Market cap shows that the chart has a downtrend shape, However, Its Liquidity Score is 50%, which means that it would be harder to sell Theta Fuel if the market is falling. You can find our report about Theta Fuel's market capitalization, price, and liquidity score here.
On the daily technical, THETAFUEL price is seeing a Downtrend on the daily chart. The price is moving above 50 and below 100 Daily Moving Average, with a negative crossover in the past. The 50MA line is near $0.38, acting as a temporary bounceback zone. TFUEL price has formed a bearish pattern on the daily time frame. If the price goes 15% below the current level then a strong Downtrend can be seen.
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