Theta Network (THETA) is a blockchain-powered video streaming platform aimed at enhancing content delivery quality. In this article, we examine its current market status and provide a 2024 price prediction based on technical analysis.
Current Market Status of Theta Network (THETA)
Currently, the price of THETA is $2.14, having decreased by 10.52% over the past 24 hours. With a market capitalization of $2.14B and a circulating supply of 1 billion THETA, its all-time high was $15.90 on April 16, 2021.
2024 Price Prediction
According to technical analysis, THETA's price might reach values between $1.026 and $5.692 in 2024. If the upward trend continues, the price could break resistance levels and climb to $3.349 and $5.692. Otherwise, bearish scenarios could see prices drop to support levels at $1.026.
Comparison with BTC and ETH
THETA's price action is generally similar to that of Bitcoin (BTC) and Ethereum (ETH). As BTC and ETH prices rise or fall, THETA typically follows a similar directional trend.
Theta Network (THETA) shows promise for substantial growth in 2024, with potential prices reaching up to $5.692 under favorable conditions. However, being part of the volatile cryptocurrency market, risk of decline remains. Further upgrades and developments in the ecosystem will be crucial to THETA's future success.
