Theta Network's token enters top 10 cryptos by market capitalization

Theta Network's token enters top 10 cryptos by market capitalization

THETA, the native token of the Theta Network — a decentralized blockchain-based video delivery network — has entered the top 10 cryptocurrencies by market capitalization.

On Tuesday, THETA overtook Chainlink's LINK as the 10th biggest cryptocurrency by market cap at nearly $11.5 billion, according to data from CoinGecko. At publishing time, LINK’s market cap amounte to $11.2 billion.

Our top trading bots

Theta Network's token enters top 10 cryptos by market capitalization
Source: CoinGecko

THETA has seen huge growth recently, gaining 70% over the past seven days and hitting new historical highs. The token is trading at $11.80, up 17% over the past 24 hours as of publishing time, according to data from CoinGecko. The coin has seen consistent growth in 2021, even outperforming Bitcoin’s (BTC) late-2020 rally.

Theta Network's token enters top 10 cryptos by market capitalization
THETA 90-day chart. Source: CoinGecko

THETA’s entrance to the top 10 coins by market cap comes soon after major altcoin Bitcoin Cash (BCH) dropped off the top 10 list in early March.

The new all-time highs for THETA come shortly after Theta Labs secured its second patent on designs for decentralized blockchain-based video and data delivery from the United States Patent and Trademark Office on March 16. Earlier in March, Theta Labs released an open-source code for the Theta protocol version 2.2.0 on its GitHub.

As previously reported by Cointelegraph, the Theta Network has been actively growing its validator program, attracting collaboration with Fortune Global 500 firms like Google, Samsung and Sony, as well as major industry firms like Binance, Blockchain.com and Gumi. Theta Labs was founded in 2017 as a subsidiary of virtual reality livestreaming company Sliver.tv.

Continue reading about Cointelegraph
Proof-of-humanity governance will make DeFi fairer, says Harjyot Singh
Human Protocol is a blockchain infrastructure designed to decentralize human labor by supporting the growth of digital job marketplaces.After recently launching...
Taxpayers to avoid obligations by sending mining proceeds to IRAs
North American mining and hosting firm Compass Mining is offering a new tax avoidance method for savvy crypto miners that file in the United States. In...
Bitcoin Taproot locked in to improve privacy and introduce smart contracts
On June 12, Bitcoin (BTC) mining pool Slush Pool mined block 687,285 with the transaction including a Taproot upgrade activation signal. That particular...
Crypto IRA integrates Coinbase Custody as trade volumes top $1.5B
Cryptocurrency IRA and 401(k) provider iTrustCapital has integrated Coinbase Custody into its platform, offering retirement planners more robust security...
Here’s why one analyst says Bitcoin will outperform Ethereum in the short term
In terms of price potential, Bitcoin (BTC) is staring at the possibility of outperforming Ether (ETH) in the short term.So believes David Lifshitz, chief...
Is there a right way to regulate crypto? Yes, and this is how
Cryptocurrency is becoming increasingly mainstream. Between the entrance en masse of traditional financial institutions — from investment funds, to banks,...
Kraken launches Kusama Parachain Auction platform as KSM defies downtrend
U.S. cryptocurrency exchange Kraken has announced a “first-of-its-kind” Parachain Auction Platform enabling clients to participate directly from the exchange.In...
3 potential bullish catalysts for Ethereum price in June
As of June 1, Ether (ETH) has dipped by more than 40% after establishing a record high of $4,384 in May.The major move downhill in the world's second-largest...
Harvard Law BFI throws 10.5M votes behind own proposal to fund DeFi lobby with UNI
The effect of whales on Uniswap governance is a topic of hot debate once again after Harvard's blockchain group threw a massive amount of voting power behind...
XRP Falls 20% In Rout
Investing.com - XRP was trading at $1.12938 by 00:56 (04:56 GMT) on the Investing.com Index on Thursday, down 19.83% on the day. It was the largest one-day...
Ripple sold twice as much XRP in the last quarter, as demand grows for its ODL service
Despite the ongoing legal battle with the Securities Exchange Commission, Ripple reported a 97% increase in sales of XRP for Q1. Ripple posted its Q1 markets...
CoinList 'Rally': 40K investors rush to buy RLY despite price pump
Social token platform Rally has completed its first “liquid token sale” on crypto asset issuance platform CoinList, with 40,000 investors snapping up RLY...
Tom Lee Stands By His $15,000 Bitcoin Prediction Despite Massive Fall
A few days ago Fundstrat’s research head Tom Lee predicted bitcoin’s price to spike to $15,000 by the end of the year once it passes the breakeven point....
Most of Stolen 500 Million NEM Coins Already Laundered – Report
The most substantial part of 500 million NEM units, stolen by hackers from Japanese cyber money trading venue Coincheck around two months ago, has already...
The Kraken Bitcoin Exchange Was Unavailable For 2 Days
On January 11, the Kraken cryptocurrency exchange went offline for scheduled maintenance. The work began at 12 am and should not have lasted longer than...