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
Price analysis 3/11: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE
Bitcoin (BTC) has been volatile in the past few days but the long-term investors seem to be using the current weakness to buy. According to Whale Alert...
‘Off the charts’: Zynga blockchain exec praises P2E gaming talent
Hot off the news that the FarmVille and Words With Friends developer Zynga will release the first nonfungible token game this year, Zynga’s blockchain gaming...
Ontario government freezes millions more in donations to Freedom Convoy
The Ontario Provincial government in Canada has been granted an order from the Superior Court of Justice to freeze millions of dollars in donations on the...
Meta unveils Metaverse AI supercomputer, claims it will be world’s fastest
Facebook’s parent company Meta says that its newly-created artificial intelligence (AI) “Research SuperCluster” (RSC) will “pave the way” towards building...
Analysts say Bitcoin’s bounce at $36K means 'it’s time to start thinking about a bottom'
Bears remain in full control of the cryptocurrency market on Jan. 24 and to the shock of many, they managed to pound the price of Bitcoin (BTC) to a multi-month...
Binance​.US officially launches trading services in Connecticut
United States cryptocurrency exchange Binance.US, which operates separately from the global Binance platform, has officially opened its trading services...
Coinbase users can choose to deposit paychecks directly to accounts
Coinbase will soon allow United States businesses to deposit employees’ paychecks directly into accounts at the cryptocurrency exchange.In a Monday blog...
Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot
The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central...
Polygon acquires Hermez Network for $250M, will merge native tokens
Layer-two protocol Polygon will be merging ZK-rollup project Hermez Network into its ecosystem for $250 million worth of MATIC tokens.In a Friday announcement,...
Price analysis 7/14: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
Bitcoin (BTC) has once again held the critical support area at $31,000 today, indicating accumulation at lower levels. This led some analysts to speculate...
Ethereum 2.0 approaches 6 million staked ETH milestone
Ethereum 2.0 is approaching what some are calling a major milestone in its short history — 6 million staked Ether (ETH). The Ethereum Launchpad, Ethereum...
Major US trading platform Interactive Brokers to offer cryptocurrency trading
United States foreign exchange company Interactive Brokers will offer direct cryptocurrency trading to clients within months, a report says.Speaking at...
Fei Labs raises 639K ETH in genesis event
Fei Labs concluded a successful genesis launch of its Fei stablecoin on Saturday, raising nearly $1.3 billion in Ethereum (ETH) from over 17,000 contributors,...
Ethereum’s Lubin Says Blockchain Will Develop Longer Than Internet
Many crypto-experts have predicted that the enactment of DLT would be as revolutionary as the one of the World Wide Web. However, the situation with its...
Coinbase Starts Investing In Crypto Startups
Coinbase, the world-known cyber-money trading venue, headquartered in California, is going to pile its funds into startups, which share the company’s values...