Daily Crypto Update-THETA Rises 34.07% in 24 Hours!
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Daily Crypto Update-THETA Rises 34.07% in 24 Hours!

Theta Token (THETA) has risen 34.07 percent in the last 24 hours. The cryptocurrency saw a low of 0.185 USD yesterday, May 29 and is now being traded at 0.251 USD.

What is Theta Token (THETA)?

The Theta blockchain is the only end-to-end infrastructure for decentralized video streaming and delivery that provides both technical and economic solutions.

Theta’s innovation is set to disrupt today’s online video industry much in the same way that the YouTube platform did to traditional video back in 2005. One of our biggest challenges had been the high costs of delivering video to various parts of the world, and this problem is only getting bigger with HD, 4K and higher quality video streams,” said Steve Chen, Co-Founder of YouTube. “I’m excited to be part of the next evolution of the streaming space, helping it create a decentralized peer-to-peer network that can offer improved video delivery at lower costs.

It provides the solution of Decentralized video streaming, powered by users and an innovative new blockchain:

  • Viewers earn rewards as Theta tokens. For sharing bandwidth and resources, a viewer can now earn Theta tokens as a direct reward and share it back to the creators.
  • High quality, smooth video streaming. A peer-to-peer decentralized CDN delivers streams efficiently throughout the world.
  • Reduced cost of delivering video streams. Publishers and content creators no longer need to develop expensive infrastructure, allowing for more innovation and unique business models. In the end, users benefit the most by significantly reducing the costs of delivering video streams. Content creators and platforms all earn more.
Reasons for the Rise

One of the biggest reason for the rise of the cryptocurrency is that THETA has now been listed on Binance.

Other Major Gainers

The other top ten cryptocurrencies that have gained considerably in the crypto market in the last 24 hours  are:

Cryptonex (CNX) has gained 19.08 percent, and GXChain (GXS) has gained 6.82 percent.

Kin (KIN) has gained 5.18 percent, and Golem (GNT) has gained 3.96 percent.

IOTA (MIOTA)  has gained 2.76 percent while Bytecoin (BCN) has gained 2.02 percent

Cardano (ADA) has gained 1.94 percent, and MaidSafeCoin (MAID) has gained 1.89 percent.

Mithril (MITH) has gained 1.76 percent and the last cryptocurrency which made its way into the list of gainers is Siacoin (SC) with 1.40 percent.

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Madhuri Arora
A passionate writer and an avid reader. I love watching action and superhero movies. Love food, music, travel and games.