The Fuel Behind Theta Fuel (TFUEL)
As the name suggests, the digital asset Theta Fuel (TFUEL) is a bi-product of the Theta Network. The Mainnet launched by Theta labs was a great success and fuelled by this phenomenal achievement this cryptocurrency was launched recently. TFUEL is set to operate in synchrony with the Theta protocol. The primary objective behind TFUEL is to facilitate knowledge and information sharing among users and so TFUEL shall be burnt when the users come in contact with smart contracts.
Theta Fuel Overview
|Price Change 24h||+2.39%|
|Price Change 7d||+14.33%|
|Circulating Supply||5,301,214,400 TFUEL|
|All time high||$0.6807|
|All time low||$0.0008894|
|Theta Fuel ROI||+1845.64%|
At the time of the mainnet, Theta Token holders will receive a free TFUEL at 1 THETA = 5 TFUEL; As a blockchain marvel, TFUEL coin boasts of itself as a creation of scientific algorithm and allows users to benefit from the content delivery networks by putting decentralized technology to good use offering two-layer validation system.
Theta Network’s main goal is to solve some issues which bane content delivery networks and streaming services. Its algorithm boosts participating nodes to allocate their unused bandwidth and computing resources, creating a decentralized platform. There are three types of nodes: 1) Edge nodes, 2) Enterprise validators & 3) Guardians.
Since the mainnet launch by Theta Labs, there has been one major upgrade, the mainnet 3.0 launch slated for June 2021. Mainnet 3.0, a key protocol extension, is the introduction of TFUEL tokens burning where Elite Edge Nodes will burn at least 25% of each TFUEL payment to the network. In addition to this, network transaction fees and smart contract fees are also burned taking this TFUEL perpetually out of circulation. In order to better align value with the transaction volume on the Theta blockchain.
What Fuels Theta Fuel (TFUEL)?
TFUEL has been the backbone of support for many live stream segments. A few major ones being Sliver.TV Samsung VR, Sliver.TV and MBN, Korea’s largest business news store. Theta decentralized platform currently supports two major native tokens, Theta and TFUEL.
Running in tandem with the Theta protocol, TFUEL is a well-established digital token created in the year 2019 and the platform enables a new delivery rate that can be adapted provided compliance is fulfilled on the Theta network.
The supply of TFUEL coins will augment with an initial annual target rate of 5%. Each network participant running the Validator node, or Guardian, will earn a share of that new TFUEL supply, proportional to the amount of THETA they are ordering and this converts into TFUEL rewards.
A dedicated team of experts with algorithmic expertise guards the token. Some of the people at the helm include Mitch Liu, Co-founder, and CEO who is also the co-founder of THETA.tv, Gameview, and Cofounder Tapjoy. He brings to TFUEL his Computer Science and Engineering from MIT.
Other experts include Jieyi Long, the CTO, and Cofounder, who holds a doctorate in Computer Engineering, and Ryan Nichols who is a Chief Product Officer at TFUEL and is also a Cofounder at a live video streaming.
Theta Token And Theta Fuel
While Theta is used to function in terms of enterprise validator note, users also benefit parallelly with the advantage of TFUEL. While the supply of Theta is pegged at the highest 1 billion, TFUEL currently has a circulating supply of 5.30 billion Tokens. Activities of Theta Fuel cryptocurrency are multifarious. It not only reinforces on-chain functions like payments to forwarders for sharing video streams or for deploying or interacting with smart contracts, but it also facilitates interaction for every video stream for users.
TFUEL coin permits the utility and purpose of each token to be separated. Empowering the micro and network operations, TFUEL acts to enable millions of transactions due to liquidity required among smart contracts and video streams. Also, the gaming industry is the largest beneficiary from TFUEL for resolving administrative matters for placing bets and operating where there is a requirement of two tokens at a given point in time. By offering security and following local regulations, Theta Fuel Cryptocurrency prevents a lot of juggling and manipulation in the betting world and affirms its legal position.
Theta Fuel Technical Analysis
Theta Fuel has had a great team of dedicated professionals who are experts in cryptocurrency ecospace. The year 2019 proved phenomenally positive for Theta Fuel cryptocurrency. Although the coin slowed a bit in the second half of the year gone by, TFUEL price rallied, ending the year 2019 with over 150% gains.
However Pandemic brought to fore the high volatility of Theta Fuel though the ebbing subsided by end of July 2020. Since then there has been no looking back for Theta Fuel as it maintained a price of $0.209 throughout.
Theta Fuel (TFUEL) Expert Forecast
Based on our price predictions and advanced technical analysis tool, a long-term increase is expected, the price prognosis for 2026 is $4.001, making it a profitable long-term investment.Wallet Investor
Being based on digital coin TFUEL price forecast, it has both short-term rallies as well as long-term potential advantages The THETA FUEL price may reach $0.60 end of March 2022 compared to most other crypto prices.Trading Beasts
Based on our long-term TFUEL price predictions for 2021 are bullish. The price of Theta Fuel may cross its current ATH of $0.68 this year. It may reach $0.75 soon and it might even reach high heights, however reaching $1, if investors have planned that TFUEL is a good investment in 2021.TheNewsCrypto
Theta Fuel (TFUEL) projections are rather contradictory. There is no universal consensus either about positive or negative future TFUEL price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Theta Fuel projects, the crypto environment in general, legal position, and so on.SwapSpace
As per our price predictions & investment advice, the TFUEL tokens will lose sheen by almost half of the current price stooping to as low as the price of $0.002 by the first quarter of 2022.Reddit Community
There is hope for Theta Fuel price that it may go on a higher sentiment and it is good to buy Theta Fuel at the current price levels to gain more profit in the long-term.Cryptocurrency Price Prediction
Theta Fuel has been showing occasional arbitrary movements over the past few months. However, according to our Theta Fuel price prediction, the coin might cross $0.72 by the end of this year.GOV Capital
Right from the concept phase to the testing phase and by the end of the year, a lot of new Theta Fuel projects would have been completed, hence, an all-around bullish price prediction for 2021 of $0.53.Digital Coin Price
Theta Fuel price has a bright future due to the initial block verification tool as per our most reliable price projections. Based on our integrated services and technical analysis, the TFUEL may have got slightly affected by bears but will see the bull ride around 2024 and it may cross $1.05 making it a profitable investment in the long term.Pick A Crypto
Theta Fuel (TFUEL) Price Predictions: 2021-2025
The gradual but steady rise in the price of Theta Fuel may not have won it the topmost coin award but experienced traders & investors have learned to wait and watch for this asset to perform and work wonders. With the help of advanced technical analysis tools, the predicted price of Theta Fuel for 2021 is above $0.50. Today’s price of TFUEL is around $0.35 with a market capitalization of TFUEL is $1,904,520,334 and a 24-hour trading volume of $112,202,870 based on computing resources.
Theta Fuel Price Prediction 2021
If the cryptocurrency market suffers or turns favorable, the price of Theta Fuel is set to break all barriers and perform exuberantly scaling the peak as aforesaid. Transgressing all limitations over the next year, it would surely show signs of fortune for its investors. Backed by robust smart contracts, the Theta Fuel price may easily touch $0.55 by the end of the year 2021.
Theta Fuel Price Prediction 2022
Considering there are no sudden jolts or a stony path ahead for cryptocurrency markets, Theta Fuel is all set to affirm its strong position as a major attraction among its investor community. The road ahead is full of petals provided the investor confidence keeps booming resulting in a major push to the price taking it to cross all barriers scaling $0.70.
Theta Fuel Price Prediction 2023
Theta labs have established a fast reliable network and work with the user experience of the product. These features can help the Theta Fuel coin gain a much higher price of $0.82 per coin. If the drive for functional crypto continues into 2023, the TFUEL price may even see a paradigm rush.
Theta Fuel Price Prediction 2024
There are quite a few speculations going forward for Theta Fuel. Especially keeping in perspective the technological announcements and collaborations, there are assumptions its price may cross the $1 mark. The favor has been done by majorly security and scalability features. The exciting promotional ventures may do the rest making the investors harvest the gains.
Although the cryptocurrency market is completely unpredictable, it would perhaps take a miracle for Theta Fuel to increase its price by that much in such a short amount of time. So, going back to the above cryptocurrency price prediction of around $1.
Theta Fuel Price Prediction 2025
Theta Fuel is also active in community initiatives. Considering they keep up momentum garnering a significant market cap, their initiatives with a focus on education, outreach, and innovations may take them to an appreciable level of $1.5.
In a long-term scenario beginning the year 2026, the Theta Fuel token is set to pick up pace with other cryptocurrencies to clearly arrive at a price of $1.65.
A jaw-dropping optimism is also predicted for Theta Fuel mainly due to its consistent performance over years. TFUEL will stabilize in the cryptocurrency market to bring gallant returns for its investors which is Theta network’s purpose and future possible growth.
Frequently Asked Questions
Is Theta Fuel a good investment?
Theta Fuel has a good chance of growth in the future as it is one of the cryptocurrencies, which grew so fast, hence, there are many market enthusiasts, who are optimistic about the coin especially based on historical data. On top of that, traders can exchange Theta Fuel on cryptocurrency exchange aggregator and major crypto exchanges.
How is the Theta Network secured?
The Theta Blockchain relies on a proof-of-stake consensus algorithm. It, however, adds a multi-level BFT consensus mechanism on its blockchain to achieve better security along with higher transaction throughput.
How many TFUEL tokens are there in circulation?
There are currently 5,232,675,200 TFUEL coins in circulation, which grows each year as new TFUEL is generated for staking rewards.