Theta Fuel (TFUEL) which is the Theta Network operational token has equally climbed up by 42.33 % in a very short span of a month. This unexpected increase has brought TFUEL into focus, making it the highlight of traders and even informal investors who are interested in the field.
The Theta network, a decentralized video delivery network that utilizes blockchain technology, has shown great promise in disrupting the conventional CDN approach. Theta’s peer-to-peer model and tokens which incentivize users to share bandwidth and resources is a milestone in the way video content is transmitted and distributed.
To expose the source of this tremendous price increase, we communicated with Mitch Liu, the co-founder and CEO of Theta Network. “We are highly delighted with the increasing attention and adoption of TFUEL,” Liu claimed. “A spike in the competitive market represents our community’s belief in our values to innovate a more robust and decentralized solution for the video streaming industry.”
Liu highlighted the most recent deals that the network has made with big content creators and platforms, which are thought to be one of the reasons for the TFUEL demand rise. ‘These collaborations with the top players improved our positioning and authenticity in the industry,’ he noted.
Besides that, Sarah Thompson, a TFUEL investor and a big fan of the Theta Network, had her own enthusiasm too. “I’ve been keeping an eye on Theta’s developments for so long, and I couldn’t be happier to see how their efforts are finally reflected,” she shouted. “What motivated me to start working on this project is the fact that the team is very dedicated to coming up with new ideas and dealing with real-world issues faced in the video streaming industry today.”
CoinGecko, an acknowledged cryptocurrency data aggregator, says that the market cap of TFUEL is $787,822,756 as of now and it ranks it the 98th on the list, being the 98th cryptocurrency by market cap. The phenomenal 24-hour trade volume of $89,580,093, a stunning surge of 41.19%, is an evident sign of the overwhelming demand for the token which is gaining a lot of traction.
Such a pump in the price of TFUEL can be attributed to multiple reasons the network’s execution of its roadmap, the growing acceptance of decentralized video streaming solutions, and the evolving demand for bandwidth and resources among the content producers and platforms.
The development of the crypto market is ongoing, and projects like Theta Network that provide novel solutions to real-world problems tend to be adopted by users. Nonetheless, performing an in-depth study and following the wise pieces of advice from the experts are recommended before making any investments.
