The THETA token from the Theta Network has entered the TOP 10 of the most important cryptocurrencies in the crypto market, with a market capitalization of more than 13,7 billion dollars.
This month, THETA has been on a strong uptrend, driven by new announcements and integrations that developers have been making to improve the protocol, its performance, and its services. At the time of writing, THETA is ranked 10th among the industry’s top 13,7 tokens, with a value of $13.770.590.038 per unit, bringing its market cap to $13.770 ($XNUMX billion).
Source: Coin Market Cap
In the last few hours, THETA's growth has been impressive, raising its value by 24%. The token went from $10,8 to $13,7 at the time of this writing; although it reached a new all-time high above $XNUMX, $14,2.
Also, its weekly and monthly performance has surprised several in the crypto community, growing by more than 156% and 287%, respectively. With these values, and an annual return of 19.960%, THETA is one of the digital assets with the highest performance in a year, even surpassing the magnificent performance of Bitcoin over this time. The market-leading cryptocurrency, BTC, has grown by nearly 1.000% over the past year, reaching a high value of $61.711 so far.
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THETA value boost
There are several factors that are directly influencing the appreciation of this token in Theta. For example, Sony's European subsidiary recently announced its integration as a validator into the network. blockchain from Theta, joining Samsung, Google, Gumi and others, who also serve as validators within this network.
Sony Europe has joined Theta Labs as a validator in the Governing Council and Enterprise Validator Program, to participate in the strategic technological planning of the network, as well as in ensuring its development, security, reliability and stability. The release of this news caused THETA to grow by nearly 14% in just a few minutes.
Another element that is also significantly influencing THETA's current appreciation is the patent that the United States Patent and Trademark Office (USPTO) granted to the company on its ultra-high transaction throughput micropayment system, to support the decentralized delivery of video and data.
As an announced Theta Labs on their blog, the USPTO awarded Theta its second patent. Registered under the Number 16/10951675, and called «Methods and systems for blockchain-incentivized data transmission and delivery over a decentralized network», the new patent was granted to Theta on March 15th of this year. This patent gives Theta the possibility to design a unique and reliable payment system powered by blockchain technology, as a solution to overcome bandwidth limitations and ensure the distribution of web content and the transmission of high-quality video data.
As with the announcement from Sony Europe, the news of the approval of the second patent boosted the price of THETA in the markets.
A decentralized blockchain for video streaming
Theta has established itself as one of the most important blockchains in the industry, due to the innovation it offers for video streaming and content distribution on its platform.
This blockchain rewards its content creators and also users for participating in its platform. In addition, Theta has integrations for smart contracts (smart contracts) and support for the DeFi and NFT, the tokens that have become a trend within the crypto industry. Theta also allows its users to design and create decentralized applications (dApps) in a personalized and specialized manner for each public and audience.
All these updates and innovations are having a positive effect on the blockchain, making its THETA token one of the most profitable in the digital ecosystem.
Continue reading: Smart Contracts Coming to Theta Mainnet
