Is THETA on your radar? Here are some reasons why you might want to keep an eye on it.
shows that, since hitting a high of $5.98 on Dec. 27, the price of Theta has slid down to its major support near $3.85 as the wider cryptocurrency market fell under pressure.Even with the reversal of fate, Theta still has a handful of fundamental reasons for holders to be bullish in the long-term.
ThetaDrop does not have any plans for a token sale and instead plans to release its 20 billion token supply over a four-year period to members of the community who provide NFT liquidity mining or stake THETA, TFUEL and TDRop on the network.On top of the upcoming ThetaDrop launch, the network has also seen a handful of new projects launch on its blockchain, including the OpenTheta NFT marketplace and the Voltswap DeFi platform, which supports the swapping of Theta based assets.
When the network first launched, users were required to stake a minimum of 10,000 THETA to operate a guardian node and help secure the network. Eventually, the required minimum was lowered to 1,000, but Theta’s price run above $14 in early 2021 resulted in most token holders being unable to meet this threshold as well.
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