Theta Network (THETA) Price Prediction: Investors Are Flocking to This Revolutionary New Crypto Project, Here’s Why
Despite the rise of blockchain, the technology has yet to uncover and fully immerse itself in some areas, such as digital advertising and video marketing. And yet, there are efforts to breach this limit, which is where Theta Network (THETA) enters the scene. However, with a 35x predicted price increase in its presale, there’s a new coin that may take the spotlight away.
In this article, we’ll go through what THETA is, what analysts predict about this revolutionary crypto, and why this “new kid on the block” could surpass it.
What Is Theta Network (THETA)?
With video streaming and gaming becoming full-fledged jobs, it was only a matter of time until the blockchain network would open its doors to it. In 2017, this became a reality as Theta Network (THETA) entered the market. THETA is the native coin of the Theta Decentralized Network—an open-sourced protocol that directs its attention to video streaming.
Since it’s an open protocol, Theta Network (THETA) allows users, particularly developers, to create apps and services on top of the blockchain. Essentially, it aims to create a global decentralized video streaming platform.
Theta Network (THETA) Analytical Predictions
THETA was not spared the downward drive of the overall crypto market by the end of 2022 and the beginning of 2023. As a result, the coin’s market value decreased significantly, seen by the dip of more than $3 between the start of 2023 and now (April 2023). At the time of writing, Theta Network (THETA) stands at $1.03 and ranks #43, according to CoinMarketCap.
Despite this, some analysts believe 2023 could be a good year for Theta Network (THETA). Since video streaming is its primary emphasis, coupled with the several Theta projects waiting to happen (Theta Hackatons, ThetaNext, and ThetaScan, among others) and some significant partnerships (Junking Media and Fuse Media), this crypto could see an overturn.
Collateral Network (COLT) vs. Theta Network (THETA)
The downward drive in Theta Network (THETA) was due to several factors, including the bearish movement of the crypto market and the lack of strategy from the Theta team. All of this led to stagnation in the demand for this coin and an open passage for other new projects like Collateral Network (COLT).
This new digital coin aims to bring the pawnbroking business into the DeFi world. Collateral Network (COLT) is a decentralized lending platform that allows users to borrow against physical assets like cars or precious metals on the blockchain. Then, Collateral Network (COLT) mints an asset into an NFT, fractionalizes it and uses fractional lending to fund the loan by multiple investors who then earn passive income based on fixed interest rates.
Hence, borrowers can access funds efficiently without going through lengthy credit checks. Meanwhile, investors can diversify their asset portfolio with minimal risk. After all, if a borrower can’t repay their loan, their collateralized asset will be sold in an auction at a below-market price.
Currently, Collateral Network (COLT) is in presale and worth $0.014. However, Collateral Network (COLT) is forecasted to launch at $0.0511, granting early adopters 35x gains. Experts expect Collateral Network (COLT) to surge 100x when it shows on the market.
Collateral Network (COLT) is unsurprisingly surging in the crypto market. With a 3500% expected return, a total supply of 1.4 billion coins, a doxxed team, and more, it’s no surprise that Collateral Network (COLT) has the potential to surpass Theta Network (THETA).
Seeing that it aims to revolutionize a traditional, highly used “financial method,” Collateral Network (COLT) is on an excellent path to becoming one of the top crypto leaders. It’s beneficial for everyone involved, including borrowers and lenders alike, but especially early investors with skyrocketing gains and exclusive benefits!
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