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The Crypto Market Rallies, Just in Time for THETA 3.0

June 29, 2021

The Crypto Market Rallies, Just in Time for THETA 3.0

We’ve been following the THETA Network blockchain project for several months now – Although the price of the governance token THETA ($THETA-USD) has fluctuated alongside the broader market, we’ve seen immense outperformance from the payment currency TFUEL ($TFUEL). Since mid-April, the price of Bitcoin ($BTC-USD) has pulled back approximately -42% while TFUEL has gained by +33% in the same timeframe.
Even now, investors' mentions of the THETA project are at all-time high levels and pushing higher on a 30-day moving average.

Until THETA project mentions tracked closely with the price of THETA until recently, which can be attributed to the recent strength of TFUEL. The recent rise of TFUEL can be attributed to the expanded role the token will take on following the mainnet 3.0 launch -- This blockchain-wide upgrade will introduce a system allowing users to stake TFUEL tokens and earn passive rewards. The cryptocurrency market has rallied ~25% in the past week, and the bullish momentum has come just in time for the THETA blockchain’s long-awaited update.

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LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.

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