THETA (Theta Token) as Large-cap Token is 60th in the 2100NEWS ranking. The quality of the order book of THETA is Excellent. The average quality of the order book for large caps members of the NWSL100 index is 11.4. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.
THETA has been launched in 16 exchanges. Through ICO in January 2018, Theta Network raised $20 million.
Theta Token as Large-cap Token is 60th in 2100NEWS ranking (after Index Review of 8th November 2019). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100.
2100NEWS DA Orderbook Quality Evaluation Grade: Excellent, Score: 19.6, (Average for Large caps: 11.4)
Over the past week, the average market cap was $78.7 million, average daily volume was $1.3 million.
To make appropriate peer comparison we gauged the THETA (Theta Token) with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the THETA vs. NWSL100, in the middle of the chart is the original THETA price, at the bottom of the chart are NWSL100 and correlation between THETA and NWSL100. On average (purple area graph), the relationship between THETA and NWSL100 has shown THETA has grown and beaten the NWSL100, it has increased by 9.89%. However, the correlation graph gives us an explanation that correlation is strong, for 93% of the time, it was moving in the same direction as the NWSL100. In the last four months, THETA as an index member has been strongly correlated with NWSL100 (Pearsons correlation coefficient = 0.78), so it has been a typical representative of the NWSL100 index in terms of price changes.
According to Etherscan, there are 26,661 token holders (at the time of this article’s writing).
We are all aware that live video streaming accounts for more than two-thirds of all internet traffic and it is still increasing. Theta Token greatly improves the streaming market efficiency by streamlining the video delivery process. They were chosen as a featured project at the Samsung Developer Conference. A number of important partnerships have been concluded this year. In the future, they will focus on the following areas: Anti-Piracy and General Purpose Service Platform (to extend to handle other types of service). They invest heavily in communications with the community. They have 69.5K followers at Twitter.
About Theta Token – what they do
THETA is an open-source protocol that powers a decentralized streaming network. It will allow for decentralized apps (DApps) to be built on top of the platform to enable use cases that span esports, entertainment, and peer-to-peer streaming. SLIVER.tv’s DApp was the first application built on the Theta network leveraging its existing user base of millions of esports viewers. In Nov 2018, Tencent Games announced a collaboration with SLIVER.tv to bring Theta rewards to Ring of Elysium players.
The company’s mission is to leverage blockchain technology to create the first Decentralized Video Streaming and Delivery Network whereby video viewers are incentivized to share redundant computing and bandwidth resources to address today’s video streaming challenges. Using the Ethereum EVM “World Computer” metaphor, the Theta Network can be viewed as the “World Cache” formed by the memory and bandwidth resources contributed by viewers.
Theta Labs, Inc. is based in San Jose, USA. The leadership consists of Mitch Liu (Cofounder & CEO), Jieyi Long (Cofounder & CTO) and Ryan Nichols (Chief Product Officer).
Exchanges: Binance, Bithumb, BKEX, Coinbit, Coinone, DDEX, DigiFinex, Gate.io, Hotbit, Huobi Global, Huobi Korea, Huobi Russia, Livecoin, OKEx, Upbit, WazirX.
You can follow them: Twitter GitHub Facebook
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens THETA.