Theta Fuel (TFUEL) Trading 3.3% Lower Over Last 7 Days

Theta Fuel (TFUEL) traded 1.3% lower against the dollar during the 24-hour period ending at 8:00 AM Eastern on January 16th. In the last week, Theta Fuel has traded down 3.3% against the dollar. One Theta Fuel coin can now be purchased for approximately $0.0195 or 0.00000020 BTC on popular exchanges. Theta Fuel has a total market capitalization of $140.65 million and approximately $2.13 million worth of Theta Fuel was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.10 or 0.00000106 BTC.
• Avalanche (AVAX) traded down 4% against the dollar and now trades at $13.78 or 0.00014435 BTC.
• Hedera (HBAR) traded 4.1% lower against the dollar and now trades at $0.12 or 0.00000122 BTC.
• Internet Computer (ICP) traded 2.5% lower against the dollar and now trades at $4.22 or 0.00004422 BTC.
• NEAR Protocol (NEAR) traded down 4.7% against the dollar and now trades at $1.72 or 0.00001796 BTC.
• Cosmos (ATOM) traded 1.9% lower against the dollar and now trades at $2.48 or 0.00002595 BTC.
• Algorand (ALGO) traded down 5.6% against the dollar and now trades at $0.13 or 0.00000133 BTC.
• Fetch.ai (FET) traded 3.9% lower against the dollar and now trades at $0.28 or 0.00000289 BTC.
• PayProtocol Paycoin (PCI) traded 0.7% lower against the dollar and now trades at $0.0713 or 0.00000075 BTC.
• Akash Network (AKT) traded down 1.9% against the dollar and now trades at $0.47 or 0.00000496 BTC.

Theta Fuel Coin Profile

Theta Fuel (CRYPTO:TFUEL) uses the hashing algorithm. Its genesis date was March 15th, 2019. Theta Fuel’s total supply is 7,196,562,645 coins. The Reddit community for Theta Fuel is https://reddit.com/r/theta_network and the currency’s Github account can be viewed here. The official website for Theta Fuel is www.thetatoken.org. The official message board for Theta Fuel is medium.com/theta-network/theta-fuel-the-operational-token-of-the-theta-network-2f6823e2182e. Theta Fuel’s official Twitter account is @theta_network and its Facebook page is accessible here.

According to CryptoCompare, “The Theta Network and protocol aim to solve various challenges the video streaming industry faces today.First, tokens on the Theta blockchain are used as an incentive to encourage individual users to share their redundant computing and bandwidth resources as caching or relay nodes for video streams. This improves the quality of stream delivery and solves the “last-mile” delivery problem, the main bottleneck for traditional content delivery pipelines, especially for high-resolution high bitrate 4k, and 8k.Second, with sufficient network density, the majority of viewers will pull streams from peering caching nodes, allowing video platforms to significantly reduce content delivery network (CDN) costs. More importantly, by introducing tokens as an end-user incentive mechanism the Theta Network allows video platforms to deepen viewer engagement, drive incremental revenuesTheta Fuel (TFUEL) is the operational token of the Theta protocol. TFUEL is used for on-chain operations like payments to Edge Node relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network. You can think of Theta Fuel as the “gas” of the protocol. There were 5 billion TFUEL at genesis of Theta blockchain, and the supply increases annually at a fixed percentage set at the protocol level. In December 2020, Theta Labs announced Theta 3.0, which introduces a new crypto-economics design for TFuel, in particular, the concept of TFuel staking and burning. This will greatly expand the capacity and use cases of the network and maximize the utility value of TFuel.”

Theta Fuel Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Theta Fuel directly using U.S. dollars. Investors seeking to acquire Theta Fuel should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Theta Fuel using one of the aforementioned exchanges.

TFUEL/USD price chart by TradingView