[Blockchain Today Reporter Jihye Han] Theta Network’s basic token, THETA, which is a decentralized blockchain-based video transmission network, has entered the top 10 cryptocurrencies with market capitalization.
According to the data of CoinGecko, on the 23rd (local time), THETA was worth $11.5 billion in market cap, beating Chainlinl’s LINK and Litecoin as the 9th cryptocurrency based on the market cap. It has risen.
THETA has recently seen huge growth and recorded a new all-time high with more than 70% of profits over the past 7 days. According to CoinGecko’s data, the token is trading for $16, up 24.27% over the past 24 hours. The coin continued to grow in 2021, and even surpassed BTC’s rapid growth at the end of 2020.
Shortly after the major altcoin Bitcoin Cash (BCH) fell from the top 10 coins in early March, THETA’s market capitalization entered the top 10 coins.
THETA’s new all-time high came shortly after Theta Labs acquired a second patent for decentralized block-based video and data transmission from the U.S. Patent Office on March 16. In early March, Theta Labs released the open source code for Theta Protocol version 2.0.0 on GitHub.
Meanwhile, Theta Network is actively growing its validation program through cooperation with Fortune’s global 500 companies such as Google, Samsung, and Sony, and major industrial companies such as Binance, Blockchain.com and Gumi. Theta Labs was founded in 2017 as a subsidiary of Sliver.TV, a virtual reality live streaming company.
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