Skip to content

What is behind the great recovery with the release of Theta Mainnet 2.0?

May 27, 2020

Theta, the eSports streaming application (electronic sports) with crypto technology, continues in a recovery before the start of its main network 2.0up 150% in the past two weeks.

Total, The theta token has risen by almost 1,300% since the fall of “Black Thursday”. Middle of March.

In addition to its upcoming technical improvements the rebound It seems to have been Theta driven by a number of partnerships with major media platforms, including Android TV and Samsung.

What is behind the great recovery with the release of Theta Mainnet 2.0?What is behind the great recovery with the release of Theta Mainnet 2.0?

Theta is a crypto streaming service that works 24 hours a day, 7 days a week offers live sports, World Poker Tour tournaments, and top blockchain and cryptoconferences, including consensus and Crypto Asia Summit.

The Users are rewarded by Activity and commitment to the platform with the Reward tokens Theta is patented G fuel. Theta tokenin turn is won by betting.

Theta shows parabolic behavior

The theta token hit a new record of $ 0.185 on May 12 and has since risen 150%.

THETA / USDT pair on Binance: TradingView

Compared to BTC, the result is the Theta token However, they are not that impressive has increased by 360% in six weeksless than 1,100 satoshis to test the previous market record at around 5,225 sats.

THETA / BTC binary pair: TradingView

Theta TFUEL token, the ready-to-use crypto asset to finance transactions over the Theta network (similar to gas in Ethereum) too dominates the crypto asset charts with the highest profit after the price has been increased five timesfrom USD 0.0035 to USD 0.0153. Since a low of $ 0,00078 after Black Thursday’s fall, TFUEL has risen 3,000% through May 24.

TFUEL / USDT Binance Pair: TradingView

The start of the Mainnet 2.0 start is imminent

The Maineta update for Theta 2.0 is scheduled for today, May 27thand will lead to a temporary cessation of trading in theta tokens, which could disrupt the dynamic that theta markets have recently gained.

Prior to launch, Theta reported that the number of repeater nodes increased from 1,000 to 1,821 in just six days. The company added that chain stores have also doubled in the past week.

May 22nd Theta to revealed that it had started testing smart contracts on its test network.

Theta is sold in 75 million Samsung phones

Theta announced this last week Galaxy S20 phonesSamsung flagship is delivered to customers preinstalled with a theta streaming service living in United States.

The agreement will have Theta integrated into the “Samsung Daily” interfacethat should be updated on all devices Galaxy S10, S9, Note10 and Note9 availableand covers more than 75 million phones.

On May 15, the streaming app revealed one Association with Gumi Cryptos enter the Japanese market. On May 8th Theta has launched its Android application for smart TVs.

Do not stop reading: