Theta Network Price Prediction 2023-2030: Will THETA Price Hit $1.5 Soon?
- Bullish Theta Network (THETA) price prediction ranges from $0.85 to $1.5.
- Analysis suggests that the THETA price might reach above $1.47.
- The THETA bearish market price prediction for 2023 is $0.087.
Theta Network is a blockchain project that supports Web3 infrastructures for content, media, video, and entertainment. Its native token is called THETA.
Theta Network investors are bullish on the token since it has had a return on investment (ROI) of over 30 times in the past 2 years. The crypto bubble of 2021 led to an increase in the price of THETA to its present all-time high (ATH) of $15.90 which was attained in April 2021. Irrespective of the recent crypto winter, THETA investors are confident that the future of THETA is bullish.
If you are interested in the future of Theta Network (THETA) and would want to know the price Analysis and price prediction of THETA for 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.
Table of contents
- Theta Network (THETA) Market Overview
- What is Theta Network (THETA)?
- Theta Network (THETA) Current Market Status
- Theta Network (THETA) Price Analysis 2023
- Theta Network (THETA) Price Analysis – Bollinger Bands
- Theta Network (THETA) Price Analysis- Relative Strength Index
- Theta Network (THETA) Price Analysis- Moving Average
- Theta Network (THETA) Price Prediction 2023-2030 Overview
- Theta Network (THETA) Price Prediction 2023
- Theta Network Price Prediction – Resistance and Support Levels
- Theta Network (THETA) Price Prediction 2024
- Theta Network (THETA) Price Prediction 2025
- Theta Network (THETA) Price Prediction 2026
- Theta Network (THETA) Price Prediction 2027
- Theta Network (THETA) Price Prediction 2028
- Theta Network (THETA) Price Prediction 2029
- Theta Network (THETA) Price Prediction 2030
- Theta Network (THETA) Price Prediction 2040
- Theta Network (THETA) Price Prediction 2050
- Conclusion
- FAQ
- More Crypto Price Predictions:
Theta Network (THETA) Market Overview
| 🪙 Name | Theta Network |
| Symbol | theta |
| Rank | #61 |
| Price | $0.609504 |
| Price Change (1h) | 0.4306 % |
| Price Change (24h) | 0.49614 % |
| Price Change (7d) | -1.56487 % |
| Market Cap | $609427004 |
| All Time High | $15.72 |
| All Time Low | $0.04039979 |
| Circulating Supply | 1000000000 theta |
| Total Supply | 1000000000 theta |
What is Theta Network (THETA)?
Theta Network is a Web3 infrastructure for video, media, and entertainment that was launched in 2018 by its cofounders Mitch Liu and Jieyi Long. Its mainnet 1.0 was launched in March 2019 while its mainnet 2.0 was launched in May 2020.
Through its positioning in the development of Web3, Theta Network has attracted top partners such as Google, Samsung, Sony, Fuse Media, and Edge Nodes.
Although the first announcement about the Theta token was made in 2017 on Medium, its token sale started in January 2018. Before the launch of its mainnet, THETA was an Ethereum ERC-20 token. Theta is open source and works on the proof-of-stake (PoS) consensus mechanism.
Theta Network enables video creators to create, stream, and receive incentives from users who view their videos in the form of Theta native token (THETA). This reward can be withdrawn and sold in the centralized wallet and sold for cash. The two tokens that powers the Theta Network are THETA and Theta Fuel (TFUEL). TFUEL powers the internal economy of the decentralized media platform.
Users can also receive THETA incentives by sharing their excess bandwidth with other users. An announcement was made in June 2021 that an NFT marketplace has been created where users can now create NFTs about media celebrities and receive THETA payment. This is to increase the adoption of THETA.
Theta Network (THETA) Current Market Status
The maximum supply of Theta Network (THETA) is 1,000,000,000 THETA, while its circulating supply is 1,000,000,000 THETA, according to CoinMarketCap. At the time of writing, THETA is trading at $0.6163 representing a 24-hour increase of 3.20%. The trading volume of THETA in the past 24 hours is $9,458,856 which represents a 34.91%% decrease.
Some top cryptocurrency exchanges for trading Theta Network (THETA) are Binance, KuCoin, Bithumb, and Bitfinex.
Now that you know THETA and its current market status, we shall discuss the price Analysis of Theta Network (THETA) for 2023.
Theta Network (THETA) Price Analysis 2023
Will the THETA’s blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect THETA’s sentiment over time? Read more to find out about THETA’s 2023 price Analysis.
Theta Network (THETA) Price Analysis – Bollinger Bands
The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).
The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.
When looking at the chart above, we can see that the red rectangle shows the expansion and contraction of the bands. When the bands expand there could be more volatility while it contracts there could be less volatility. Currently, after touching the lower band, THETA seems to be moving sideways, inside the Bollinger bands that are moving downwards.
The formation of an inverted hammer may be a sign that the buyers are entering the market. If the buyers enter the market then the price of THETA could rise towards the SMA and thereafter reach the upper band.
When looking at the Bollinger Band Super Trend indicator, we can see that it is right now in a downtrend. Moreover, every consolidation has been followed by a downtrend. Since THETA is currently on a downtrend, there might be a period of consolidation in the future.
The Bollinger band width percentile indicator shows a value of 0.79%. This means that the bands have contracted and there could be less volatility in the market during the coming days.
Theta Network (THETA) Price Analysis- Relative Strength Index
The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions.
When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.
When looking at the chart above, we can see that the RSI is making lower highs in unison with the cryptocurrency. The RSI reads a value of 31.33 and the line seems to be heading downwards. Since the RSI is dangerously close to the oversold region, there is a high chance that the RSI could enter the oversold region, in the event that the buyers don’t enter the market.
The above shows that THETA is currently receiving support at the cross under the oversold region. However, if the bulls step into the market and long-term buyers who see potential in the token start collecting it, then THETA may reach the Crossover oversold region which is just above it. Nonetheless, if this downtrend of THETA keeps recurring, then, we may see THETA reach new support levels as this isn’t the lowest price for THETA.
Theta Network (THETA) Price Analysis- Moving Average
The exponential moving average is not much different from the simple moving average. The EMA gives more weightage to the present prices while the SMA equally distributes the values to the frequency. Hence, when the EMA is plotted in the graph it gives a rough idea about how the cryptocurrency has been performing in the past.
Moreover, the 50-day EMA is considered the short-term length, and the 200-day EMA is considered the long-term. Whenever the 50-day EMA crosses the 200-day EMA from below it is called a Golden cross, while if it crosses from above, then it is a death cross.
When looking at the chart above, we can see that both Exponential Moving Averages are heading downward. This shows that the token has been performing poorly in the short and long term. Moreover, THETA seems to be moving further away from the 50-day EMA, this shows that the selling pressure is persistent in the market. However, the current price range seems to be acting as a good support for THETA.
As such, if THETA gains momentum and starts to rise, there is a chance that it could test the 50-day EMA.
Theta Network (THETA) Price Prediction 2023-2030 Overview
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $0.8 | $1.5 | $2 |
| 2024 | $1.8 | $2.53 | $3.5 |
| 2025 | $12.5 | $17 | $22.5 |
| 2026 | $3.5 | $7 | $10.5 |
| 2027 | $10 | $12 | $14 |
| 2028 | $12.5 | $14.28 | $17.5 |
| 2029 | $22.56 | $28.7 | $35.2 |
| 2030 | $20.5 | $26.16 | $30.5 |
| 2040 | $58 | $62.54 | $70 |
| 2050 | $85 | $97.68 | $120 |
Theta Network (THETA) Price Prediction 2023
When looking at the chart above, we could see that THETA is currently trading inside a falling wedge. If THETA breaks out from the falling wedge and follows the conventional path of a breakout, then it may rise above the $0.856 level. If THETA reaches this level, then we can see that there will be more activity in the market as the trading volume could increase at this price as shown by the fixed volume profile indicator. If THETA reaches the $ 0.856 price range, then more buyers will join the market and THETA could rise even further past $1.2 and reach $1.47.
Contrastingly, if THETA crashes once it is out of the falling wedge, then it may seek the support of the $0.388 level. However, if the bear force is too strong, then $0.388 will be breached and THETA may seek support at $0.214. With more force from the bears, there is a high chance that THETA could fall to $0.087.
Theta Network Price Prediction – Resistance and Support Levels
When considering the chart above we could see that THETA was consolidating in May and July in 2022. By the end of July 2022, THETA gained some momentum and reached above the 1:2 gann line. However, after reaching this level, THETA started to slide along the 1:1 Gann line until the beginning of 2023. Come 2023, THETA was rejuvenated by the buyers who helped it reach the 2:1 Gann fan line.
However, that spike too was short-lived as THETA started crashing just below the 3:1 Gann fan line. Currently, after being rejected at the 8:1 Gann fan line, THETA is moving sideways.
Theta Network (THETA) Price Prediction 2024
There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum for THETA based on the previous halving. Hence, we could expect THETA to trade at a price, not below $2.53 by the end of 2024.
Theta Network (THETA) Price Prediction 2025
THETA may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, THETA will continue to rise in 2025 forming new resistance levels. It is expected that THETA would trade beyond the $17 level.
Theta Network (THETA) Price Prediction 2026
It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, THETA could tumble into its support regions. During this period of price correction, THETA could lose momentum and be way below its 2025 price. As such, it could be trading at $7 by 2026.
Theta Network (THETA) Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in THETA. As such, we could expect THETA to trade at around $12 by the end of 2027.
Theta Network (THETA) Price Prediction 2028
As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, THETA may reciprocate its past behavior during the BTC halving. Hence, THETA would be trading at $14.28 after experiencing a considerable surge by the end of 2028.
Theta Network (THETA) Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, THETA could be trading at $28.7 by the end of 2029.
Theta Network (THETA) Price Prediction 2030
After witnessing a bullish run in the market, THETA and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, THETA could be trading at $26.16.
Theta Network (THETA) Price Prediction 2040
The long-term forecast for THETA indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point.
If they start selling then THETA could fall in value. It is expected that the average price of THETA could reach $62.54 by 2040.
Theta Network (THETA) Price Prediction 2050
Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such THETA could reach $97.68.
Conclusion
If investors continue showing their interest in THETA and add these tokens to their portfolio, it could continue to rise. THETA’s bullish price prediction shows that it could reach the $1.5 level.
FAQ
Theta Network is a blockchain project for video sharing. Its native token is THETA.
THETA tokens can be traded on many exchanges like other digital assets in the crypto world. Binance, KuCoin, Bithumb, and Bitfinex are some of them.
THETA has a possibility of surpassing its present all-time high (ATH) price of $15.90. However, due to the positive sentiments of its investors, this could be reached within a short frame of time.
THETA is one of the few cryptocurrencies that has shown resilience for many days. If this momentum is maintained, THETA might reach $1.5 soon after it breaks the Resistance 1 level.
THETA has been one of the most suitable investments in the crypto space. It has been rising exponentially, hence, traders may be allured to invest in THETA.
It was launched in January 2018.
THETA has a present all-time low price of $0.03977.
The maximum supply of THETA is unavailable.
THETA can be stored in a cold wallet, hot wallet, or exchange wallet.
THETA is expected to reach $1.5 by 2023.
THETA is expected to reach $2.53 by 2024.
THETA is expected to reach $17 by 2025.
THETA is expected to reach $7 by 2026.
THETA is expected to reach $12 by 2027.
THETA is expected to reach $14.28 by 2028.
THETA is expected to reach $28.7 by 2029.
THETA is expected to reach $26.16 by 2030.
THETA is expected to reach $62.54 by 2040.
THETA is expected to reach $97.68 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
More Crypto Price Predictions:
- Zcash (ZEC) Price Prediction: Will ZEC reach $100 Soon?
- IOTA (MIOTA) Price Prediction: Will MIOTA Reach $1 Soon?
- Bitcoin SV (BSV) Price Prediction: Will BSV reach $100 Soon?
- Elrond (EGLD) Price Prediction: Will EGLD Price Hit $100 Soon?
Comments
Post a Comment