Theta Network (THETA) Trading Down 9.8% This Week

Theta Network (THETA) traded 5.6% higher against the US dollar during the 1-day period ending at 16:00 PM ET on November 5th. One Theta Network coin can currently be purchased for $1.09 or 0.00001561 BTC on cryptocurrency exchanges. Theta Network has a total market capitalization of $1.09 billion and $22.28 million worth of Theta Network was traded on exchanges in the last day. During the last week, Theta Network has traded down 9.8% against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 2.6% against the dollar and now trades at $69,350.29 or 0.99660735 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.3% higher against the dollar and now trades at $69,257.71 or 0.99527689 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Theta Network Profile

Theta Network launched on November 23rd, 2017. Theta Network’s total supply is 1,000,000,000 coins. The official website for Theta Network is www.thetatoken.org. The Reddit community for Theta Network is https://reddit.com/r/theta_network and the currency’s Github account can be viewed here. Theta Network’s official Twitter account is @theta_network and its Facebook page is accessible here.

According to CryptoCompare, “Theta Network is a next-generation blockchain infrastructure for media and entertainment industries. It has a dual token system consisting of THETA and TFUEL. THETA is the governance token used for staking and protocol governance, while TFUEL is the operational token used for on-chain operations. The supply of THETA is fixed at 1 billion, while TFUEL’s supply increases annually at a fixed percentage. Theta 3.0 introduced new crypto-economics for TFUEL, including the concept of staking and burning to maximize its utility. Theta Network’s infrastructure enables existing media platforms to reduce costs and generate incremental revenues.”

Buying and Selling Theta Network

It is usually not currently possible to buy alternative cryptocurrencies such as Theta Network directly using US dollars. Investors seeking to trade Theta Network should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Theta Network using one of the aforementioned exchanges.

THETA/USD price chart by TradingView