Theta Fuel (TFUEL) Price Hits $0.0389 on Major Exchanges

Theta Fuel (TFUEL) traded 4.3% higher against the U.S. dollar during the 24 hour period ending at 12:00 PM E.T. on March 14th. Over the last week, Theta Fuel has traded 5.8% lower against the U.S. dollar. Theta Fuel has a total market capitalization of $267.25 million and approximately $5.98 million worth of Theta Fuel was traded on exchanges in the last 24 hours. One Theta Fuel coin can currently be purchased for about $0.0389 or 0.00000046 BTC on major exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Hedera (HBAR) traded up 3.3% against the dollar and now trades at $0.20 or 0.00000233 BTC.
• Avalanche (AVAX) traded 3.3% higher against the dollar and now trades at $18.91 or 0.00022401 BTC.
• NEAR Protocol (NEAR) traded 5.1% higher against the dollar and now trades at $2.66 or 0.00003157 BTC.
• Internet Computer (ICP) traded 5.7% higher against the dollar and now trades at $5.66 or 0.00006704 BTC.
• Cronos (CRO) traded up 4.5% against the dollar and now trades at $0.0836 or 0.00000099 BTC.
• Algorand (ALGO) traded up 5.1% against the dollar and now trades at $0.20 or 0.00000239 BTC.
• Cosmos (ATOM) traded 7.4% higher against the dollar and now trades at $4.17 or 0.00004938 BTC.
• Fetch.ai (FET) traded up 6.1% against the dollar and now trades at $0.52 or 0.00000611 BTC.
• Kava (KAVA) traded 11.6% higher against the dollar and now trades at $0.48 or 0.00000566 BTC.
• Akash Network (AKT) traded 3.5% higher against the dollar and now trades at $1.39 or 0.00001637 BTC.

Theta Fuel Coin Profile

TFUEL uses the hashing algorithm. Its genesis date was March 15th, 2019. Theta Fuel’s total supply is 6,873,697,352 coins. 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. The Reddit community for Theta Fuel is https://reddit.com/r/theta_network and the currency’s Github account can be viewed here. 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.”

Buying and Selling Theta Fuel

It is usually not currently possible to buy alternative cryptocurrencies such as Theta Fuel directly using US dollars. Investors seeking to trade Theta Fuel should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. 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