CNN’s Promising Cryptocurrency “Theta Fuel, Soaring 1700% This Year”

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Bitcoin and Ethereum are Coca-Cola and Pepsi-Cola in the cryptocurrency (virtual currency) world. But you can’t always drink Coke alone. Sometimes you have to drink cider.

According to CoinMarketCap, a global coin market relay site, there are currently over 10,000 cryptocurrencies in the world.

Recently, as the price of major cryptocurrencies such as bitcoin has been flat, demand for altcoins (cryptocurrencies other than bitcoin) is growing. Driven by such demand, Dogecoin was once in the spotlight.

However, Dogecoin is a coin created ‘for fun’ by the developer himself. Although not widely known, a coin that is much more popular than Dogecoin is ‘Theta Fuel’, CNN reported on the 17th.

CNN reported that the twin coins, Theta and Theta Fuel, have surged 400% and 1700%, respectively, this year, making it a worthwhile investment for investors looking for altcoins. Theta is ranked 17th in cryptocurrency market cap and Theta Fuel is ranked 43rd by market cap.

Theta is a blockchain-based network dedicated to streaming video. Launched in March 2019, Thetanet is a decentralized network that allows users to share resources and content on a peer-to-peer basis.

Theta’s main business concept is to decentralize video streaming and provide cost-effectiveness and fairness to industry players. The network is offering three coins: Theta, Theta Fuel, and Gamma.

In addition to the Theta series, CNN introduced Polkadot and Algorand as promising altcoins.