THETA THETA/USD is responsible for handling the governance of the Theta Protocol.
Users have the ability to stake their THETA token to serve as a validator node and help produce new blocks.
The total supply is fixed at 1 billion, and this is what gives the token its value.
Metaverse development as a catalyst for growthOn August 16, Theta Network and One Championship conducted a partnership to launch an NFT marketplace.
The Metaverse has been deemed as the next big thing when it comes to the future of the internet as we know it.
The growth of the Theta ecosystem never stops, and as such, last month, Theta announced a partnership with Decentral games through which they hosted a nightclub.
Both of them partnered up with specific, popular nightclubs from across the globe, such as Amnesia Ibiza from Spain.
The virtual music festival even featured international DJs such as Benny Benassi, Paul van Dyk and others.
The goal of Theta is to power upcoming virtual events as well that further expand on this idea and use P2P (peer-to-peer) distribution.
This allows users to earn TFUEL while they enjoy the content.
Furthermore, Theta also patented NFT DRM technology which will be incorporated in the ThetaPass ticketing system, and as such, users can use their custom tickets and visit live events.
All of this can contribute to the growth of the Theta ecosystem and the value of the THETA token.
Should you buy THETA (THETA)?On November 9, THETA (THETA) had a value of $8.294.
With the goal of getting an indication as to what kind of value point this is for the token and how far it can potentially climb, we will be comparing it to its all-time high value as well as its performance in October.
Theta’s all-time high was on April 16, when the token reached a value of $15.72. This gives us an indication that at its all-time high, the token saw an increase in value by $7.426 or by 89%.
In terms of October’s performance, THETA had a value of $5 on October 1, which was its lowest point of the month.
On October 31, the token increased its value to $8.349, which marked its highest point of the month. Here, we can see that the token increased in value by $3.349 or by 67% throughout the month.
With this in mind, THETA has the potential of increasing to $10 by the end of November.
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