{"id":517053,"date":"2023-01-22T05:07:58","date_gmt":"2023-01-22T10:07:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=517053"},"modified":"2023-03-08T07:26:32","modified_gmt":"2023-03-08T07:26:32","slug":"theta-breaches-1","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/theta-breaches-1\/","title":{"rendered":"THETA Breaches $1 Level Courtesy Of Solid On-Chain Developments"},"content":{"rendered":"

Streaming services have become a big part of the modern society. Theta Network is building that kind of tech for the Web 3 space. <\/span><\/p>\n

The network\u2019s native token THETA has been going bullish in the past few weeks as a result of on-chain developments and the reversal of the sentiment on cryptocurrencies.\u00a0<\/span><\/p>\n

According to <\/span>CoinGecko<\/span><\/a>, THETA rose 15% in the bi-weekly timeframe along with other altcoins. The network <\/span>has been revving up development with the recent alpha release of EdgeStore, Theta Network\u2019s decentralized storage solution.<\/span><\/p>\n

Related Reading: What Is SingularityNET And Why Is Its AGIX Token Exploding By 116%?<\/a><\/div>\n

Boosting The Network<\/strong><\/h2>\n

In their January 20 <\/span>blog post<\/span><\/a>, the development team detailed how this new way of storing data can help the network and Web3 progress.\u00a0<\/span><\/p>\n

The EdgeStore solution would be a decentralized way to store Web3 content. This will run on the Theta Edge Nodes which already has the ability to encode and transcode content. <\/span><\/p>\n

The fear, uncertainty, and doubt surrounding the cryptocurrency market has not stopped the networks to grow with partnerships. <\/span><\/p>\n

Trusted Media Brand, a Web3 entertainment firm, <\/span>is now part<\/span><\/a> of the growing list of Theta\u2019s Enterprise Validator Nodes.\u00a0<\/span><\/p>\n

The list includes tech industry giants like Samsung, Google, and Sony to name a few. This would accelerate the adoption of Web3 for entertainment services.\u00a0<\/span><\/p>\n

$1 Reached – What’s Next For THETA?<\/strong><\/h2>\n

As the time of writing, the token has breached the $1.02 resistance to hit its current price of $1.04. This drive towards $1 might have left the bulls exhausted as they pulled off the advance yesterday. <\/span>Right now, THETA bulls are focused on consolidating gains.<\/p>\n

If the bulls are successful in consolidating the coin, we might see an explosive upward pressure in the next couple of days. The token, with its high correlation with Bitcoin, would also be subject to the broader sway of the crypto market. <\/span><\/p>\n

\n

$theta<\/a> gearing up for a monster move pic.twitter.com\/5r41SohxkA<\/a><\/p>\n

\u2014 Luke Pryor – High Priest Of Bcash (@thelukepryor) January 16, 2023<\/a><\/p><\/blockquote>\n

With BTC going into consolidation mode as well, THETA\u2019s phase right now would be reliant if Bitcoin breaks upwards or downwards.\u00a0<\/span><\/p>\n

Although the token still has a long way to go for it to recover pre-FTX levels, its steady momentum now will surely help investors and traders reach their goals. <\/span>Analysts<\/span><\/a> are also bullish for the future of the token.\u00a0<\/span><\/p>\n

<\/p>\n

Crypto total market cap at $993 billion on the weekend chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Shiba Inu Shows Aggressiveness With 20% Jump In The Weekly Charts<\/a><\/div>\n
For now, investors and traders targeting $1.20 should focus on keeping the momentum steady and slow as consolidating gives the token some room for short and medium term gains. <\/span><\/p>\n
With Bitcoin\u2019s price movement also affecting the THETA market, monitoring how BTC moves in the next couple of weeks should also be a priority.\u00a0<\/span><\/p>\n
Featured image by Currency.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Streaming services have become a big part of the modern society. Theta Network is building that kind of tech for the Web 3 space. The network\u2019s native token THETA has been going bullish in the past few weeks as a result of on-chain developments and the reversal of the sentiment on cryptocurrencies.\u00a0 According to CoinGecko, THETA rose 15% in the bi-weekly timeframe along with other altcoins. The network has been revving up development with the recent alpha release of EdgeStore, Theta Network\u2019s decentralized storage solution. Related Reading: What Is SingularityNET And Why Is Its AGIX Token Exploding By 116%? Boosting The Network In their January 20 blog post, the development team detailed how this new way of storing data can help the network and Web3 progress.\u00a0 The EdgeStore solution would be a decentralized way to store Web3 content. This will run on the Theta Edge Nodes which already has the ability to encode and transcode content. The fear, uncertainty, and doubt surrounding the cryptocurrency market has not stopped the networks to grow with partnerships. Trusted Media Brand, a Web3 entertainment firm, is now part of the growing list of Theta\u2019s Enterprise Validator Nodes.\u00a0 The list includes tech industry giants like Samsung, Google, and Sony to name a few. This would accelerate the adoption of Web3 for entertainment services.\u00a0 $1 Reached – What’s Next For THETA? As the time of writing, the token has breached the $1.02 resistance to hit its current price of $1.04. This drive towards $1 might have left the bulls exhausted as they pulled off the advance yesterday. Right now, THETA bulls are focused on consolidating gains. If the bulls are successful in consolidating the coin, we might see an explosive upward pressure in the next couple of days. The token, with its high correlation with Bitcoin, would also be subject to the broader sway of the crypto market. $theta gearing up for a monster move pic.twitter.com\/5r41SohxkA \u2014 Luke Pryor – High Priest Of Bcash (@thelukepryor) January 16, 2023 With BTC going into consolidation mode as well, THETA\u2019s phase right now would be reliant if Bitcoin breaks upwards or downwards.\u00a0 Although the token still has a long way to go for it to recover pre-FTX levels, its steady momentum now will surely help investors and traders reach their goals. Analysts are also bullish for the future of the token.\u00a0 Crypto total market cap at $993 billion on the weekend chart | Chart: TradingView.com Related Reading: Shiba Inu Shows Aggressiveness With 20% Jump In The Weekly Charts For now, investors and traders targeting $1.20 should focus on keeping the momentum steady and slow as consolidating gives the token some room for short and medium term gains. With Bitcoin\u2019s price movement also affecting the THETA market, monitoring how BTC moves in the next couple of weeks should also be a priority.\u00a0 Featured image by Currency.com<\/p>\n","protected":false},"author":557,"featured_media":517055,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,428,3505,27142,87710],"class_list":["post-517053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-bitcoin","tag-price-analysis","tag-theta","tag-theta-network"],"acf":[],"yoast_head":"\nTHETA Breaches $1 Level Courtesy Of Solid On-Chain Developments<\/title>\n<meta name=\"description\" content=\"Streaming services have become a big part of the modern society. Theta Network is building that kind of tech for the Web 3 space. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"THETA Breaches $1 Level Courtesy Of Solid On-Chain Developments","url":"http:\/\/uniquehot.com\/news\/theta-breaches-1\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/theta-breaches-1\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/a-65.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/a-65.png?fit=918%2C513"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","bitcoin","price analysis","theta","theta network"],"dateCreated":"2023-01-22T10:07:58Z","datePublished":"2023-01-22T10:07:58Z","dateModified":"2023-03-08T07:26:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"THETA Breaches $1 Level Courtesy Of Solid On-Chain Developments\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/theta-breaches-1\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/theta-breaches-1\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/a-65.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/a-65.png?fit=918%2C513\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"bitcoin\",\"price analysis\",\"theta\",\"theta network\"],\"dateCreated\":\"2023-01-22T10:07:58Z\",\"datePublished\":\"2023-01-22T10:07:58Z\",\"dateModified\":\"2023-03-08T07:26:32Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/a-65.png?fit=918%2C513","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/517053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=517053"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/517053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/517055"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=517053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=517053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=517053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}