Theta Fuel Market Cap Reaches $148.45 Million (TFUEL)

Theta Fuel (TFUEL) traded up 3.4% against the dollar during the twenty-four hour period ending at 7:00 AM Eastern on November 25th. Theta Fuel has a market cap of $148.45 million and approximately $1.92 million worth of Theta Fuel was traded on exchanges in the last day. In the last week, Theta Fuel has traded up 1.6% against the dollar. One Theta Fuel coin can currently be purchased for about $0.0208 or 0.00000024 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Cronos (CRO) traded up 2.7% against the dollar and now trades at $0.11 or 0.00000126 BTC.
• Hedera (HBAR) traded 0.7% lower against the dollar and now trades at $0.14 or 0.00000164 BTC.
• Avalanche (AVAX) traded up 4.3% against the dollar and now trades at $13.92 or 0.00015888 BTC.
• NEAR Protocol (NEAR) traded 0.5% higher against the dollar and now trades at $1.87 or 0.00002133 BTC.
• Internet Computer (ICP) traded up 3.6% against the dollar and now trades at $4.09 or 0.00004673 BTC.
• Algorand (ALGO) traded 1.1% higher against the dollar and now trades at $0.14 or 0.00000163 BTC.
• Cosmos (ATOM) traded up 1.8% against the dollar and now trades at $2.48 or 0.00002835 BTC.
• Fetch.ai (FET) traded 0.5% higher against the dollar and now trades at $0.28 or 0.00000314 BTC.
• Akash Network (AKT) traded up 4.6% against the dollar and now trades at $0.50 or 0.00000572 BTC.
• Kava (KAVA) traded 5.7% higher against the dollar and now trades at $0.12 or 0.00000137 BTC.

About Theta Fuel

TFUEL uses the hashing algorithm. Its launch date was March 15th, 2019. Theta Fuel’s total supply is 7,141,963,729 coins. 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. The official website for Theta Fuel is www.thetatoken.org. The Reddit community for Theta Fuel is https://reddit.com/r/theta_network and the currency’s Github account can be viewed 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 currently possible to buy alternative cryptocurrencies such as Theta Fuel directly using US dollars. Investors seeking to trade Theta Fuel should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Theta Fuel using one of the aforementioned exchanges.

TFUEL/USD price chart by TradingView