What is THETA? (THETA-USD)
The market cap of THETA Token (THETA-USD) market cap has expanded roughly $9B since March 1st 2021, and it’s meteoric trajectory has launched it in to the top 10 (currently ranked #9).
Mirroring the inflows into the coin, consumer Mentions of investing in THETA are surging. And, at their current pace, they look set to surpass those of the #8 coin, Uniswap (UNI-USD) within a matter of days.
In the realm of cryptocurrencies, it’s not unusual to see millions of dollars flow into (or out of) a given coin within a short timeframe.
Still, the billions of USD we’ve seen flowing into THETA (THETA-USD) this month merits a closer look.
So, what is THETA and why is it behaving so erratically? It’s a token that serves as a stake in a larger decentralized network.
Although it’s still in its infancy, the THETA teams’s proprietary blockchain aims to completely decentralize broadband access, by allowing users to share bandwidth (and get paid for doing so).
They already have already attracted a few notable backers, including Sony, so it’s no wonder that the public is clamoring for a piece of the action. Definitely one to watch going forward.