Is Theta Fuel a Good Investment?

tl;drTheta Fuel (TFUEL) is the operational token of the Theta protocol. TFUEL powers on-chain operations like payments to relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network. You can think of Theta Fuel as the “gas” of the protocol. At Mainnet launch on March 15th, TFUEL will be created as a native token on the Theta blockchain. 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 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.
Is Theta Fuel a Good Investment?
Is Theta Fuel a Good Investment?
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Introduction

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.

What’s the difference between Theta Token and Theta Fuel?

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. 

How does Theta Fuel work?

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:

  • Viewers win awards as Theta Fuel. For sharing high bandwidth and resources, viewers are now rewarded for joining the network.
  • Higher quality, smoother video streaming is offered to users. A decentralized peer-to-peer network efficiently delivers streams globally.
  • Lower cost of delivering video streams. Video platforms no longer need to build expensive infrastructure, meaning more innovation and unique business models.

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.

Financial Analysis

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.

You're saying that I should invest in Theta Fuel Coin?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

To see our reports and easily compare the available investment options, check out our website.

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