THETA Price Prediction 2021 – Theta Set to Explode $100 in 2021 to 2025

This Theta (THETA) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our THETA price analysis and prediction.

The cryptocurrency market has started to surge again. There are many virtual assets that surged to a new all-time high during the recent 2021 bull run. In contrast, few cryptocurrency assets had shown a downtrend also. As a result, many crypto investors and traders are confused whether it is time to hold or sell the cryptocurrency asset for a good price. This is the same scenario for THETA.

Nevertheless, the crypto market is consolidating lately, and many crypto assets are losing their previous profits. Is the scenario the same with THETA price? We’ll find out shortly in this THETA price analysis 2021 article. But first, let’s have a quick look at What is THETA?.

What is Theta (THETA)?

Theta (THETA) is a blockchain based network which is created for video streaming. THETA is launched in March 2019, the Theta mainnet works as a decentralized platform in which users share bandwidth and computing resources on a P2P basis. More so, the project is advised by the co-founder of YouTube and co-founder of Twitch Justin Kan. 

Theta has its own native token THETA which performs different governance functions within the networks. This counts Binance, Google, Gumi, Blockchain ventures, Sony Europe and Samsung as Enterprise validators, as well as with a Guardian network of thousands of community-run guardian nodes.

In addition, developers explain that the project focuses on shaking up the video streaming industry in its present forms like centralization, poor infrastructure, and high costs. This indicates that the end users mostly end up with a poor experience.  Notably, the content creators earn less revenue because of the barriers between them and end users.

Now that we already have an idea about Theta, do you think THETA will be profitable crypto in 2021? Are you already interested to know? Therefore, join me and let us analyse the views in the charts in this THETA price analysis and price prediction for 2021.

Theta (THETA) Current Market Status

Theta is one of the most fabulous crypto assets in the market today. In fact, crypto was able to record a huge growth rate of over +80% in the past three months. For this reason, THETA has become one of the most famous cryptocurrency assets in the crypto world.

In terms of its market standing, crypto stands itself as one of the most well-known cryptocurrencies in CoinGecko. As a result, THETA price trades at $6.93 with a 24-hour trading volume of $385,286,997.

Now that you already have an idea about what Theta cryptocurrency is, do you think Theta is a good investment this year? If you are ready to know, come let us check together this Theta price prediction and price analysis article.

Theta Price Analysis 2021

Currently, THETA holds 22nd place on CoinGecko. But will the recent development, upgrades, and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this THETA price prediction article.

In the daily time frame chart shown above, we can see the Ascending Channel pattern. An ascending channel is the price action that takes place in an upward direction via a sloping parallel line. Also, the chart indicates the Higher highs and higher lows from this price pattern. More so, this pattern mentions a short-term bullish trend.

As shown above, at the beginning of this month, THETA turned from its bear to bull trend. This is the result of the high trade volume that occurs in that period.

The Relative Strength Index (RSI) is at 62.4, which means that THETA is in a nearly overbought state. However, at any given time this may follow a price reversal. 

Therefore, crypto traders must trade crypto carefully and must not be affected by the market hype. Considering all this, traders can be cautious and move away from unexpected losses due to the crypto market’s huge wild swings.

Let us also see the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of THETA.

Since the start of 2021, THETA’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations and corrections right away. Taking this into consideration, THETA has a competitive market this 2021.

THETA Price Prediction 2021

As shown below in this THETA price forecast chart, in a smaller time frame, THETA has shown a bullish uptrend.

In the above THETA price forecast, THETA might push the THETA price to a bullish state. More so, in the short-to-mid term scenario for our 2021 THETA price prediction, THETA has to break the previous Fib retracement level at $13.262. To do this, it has to establish more support at the Fib level at $10.124. If not, bears may gain the upper hand and push Theta to their territory.

THETA Price Prediction 2022

If THETA’s bullish trend continues, THETA will reach $20 by the end of 2022. Moreover, the first half of 2022 will indicate fast growth, up to $25. Then this rise will drop, but no major falls are expected. With upcoming partnerships, and developments reaching $20 is quite optimistic in the price point of view but undoubtedly feasible for the near future. This indicates that THETA has a high possibility of reaching a new ATH soon.

THETA Price Prediction 2023

The price of THETA can move even great heights, however reaching $35. Moreover, this is possible only if the market maintains its bullish signal. In addition, only if the cryptocurrency THETA breaks past the psychological resistance level.

THETA Price Prediction 2024

As per the latest upgrades, developments, THETA price prediction, and new project forecasts of the platform the price surges. Moreover, this might boost the price of THETA in the crypto market, and it will be the best investment as the price can spike and reach around $50.

THETA Price Prediction 2025

In the next four years, THETA prices could rise up to $100. However, reaching this level could not be so difficult for THETA as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Conclusion

THETA has a great future ahead of it in 2021. With ongoing developments taking place within the THETA ecosystem, as well as in the overall crypto market, it is possible to view THETA will reach new heights. The bullish price prediction of THETA is $13.26.

Meanwhile, our long-term THETA price prediction for 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $15.9 by 2021 to 2024. However, that will only happen if it breaks many previous numbers of psychological resistance.

Also, if investors have decided that THETA is a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Source: https://coinquora.com/theta-network-price-prediction-2021/