фото показано с : invezz.com

The price of Theta (THETA) has advanced from $0.10 above $0.79 in less than six months and the current price stands around $0.60. There is still a level of uncertainty surrounding the Theta project but if the price jumps above $0.80 the next target could be located at $0.90 or even $1.

Launched in March 2019, Theta is a decentralized peer-to-peer network that can offer improved video delivery at lower costs. Theta has its own cryptocurrency THETA and the project is advised by Steve Chen, co-founder of YouTube.

The total supply of THETA is capped at 1 billion tokens and it is distributed among all network participants in various proportions.

“Theta’s innovation is set to disrupt today’s online video industry much in the same way that the YouTube platform did to traditional video back in 2005. One of our biggest challenges had been the high costs of delivering video to various parts of the world, and this problem is only getting bigger with HD, 4K and higher quality video streams,” said Steve Chen, Co-Founder of YouTube.

The price of Theta (THETA) has been moving in an uptrend last several months and for now, there is no signal of the trend reversal. It is also important to mention that Theta has partnered with Chainlink to fight against online video ad fraud.

A very good team stands behind this project, the fundamentals of this cryptocurrency are steadily improving but there’s still a level of uncertainty surrounding the project. We can also not forget that regulations on the cryptocurrency market can actually be a threat to this cryptocurrency.

Investors in Theta should have in mind that this is a still very risky cryptocurrency but now could be a good time to trade Theta (THETA).

On this chart, I marked important resistance and support levels. The important support levels are $0.50 and $0.40, $0.70 and $0.80 represent the resistance levels. If the price jumps again above $0.70 it would be a signal to buy Theta (THETA) and we have the open way to $0.80.

Rising above $0.80 supports the continuation of the bullish trend and the next price target could be located around at $0.90 or even $1. On the other side, if the price falls below $0.50 it would be a strong “sell” signal and we have the open way to $0.40.

Theta could improve the video streaming industry in its current form by making it more efficient and cost-effective. There are some obvious risks when it comes to investing in Theta currently but if the price jumps above $0.80 it would be a signal to buy this cryptocurrency and we have the open way to $1. On the other side, if the price falls below $0.50 support it would be a strong “sell” signal and we have the open way to $0.40.

The post Is Theta (THETA) a buy or sell in November? appeared first on Invezz.

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