This Crypto Surged Over 1,000% Since March Lows
As you probably recall, back in March, Bitcoin and the crypto market saw a massive fall in price, but thankfully, the king coin managed to recover really soon.
The number of BTC investors has been on the rise ever since, and the most important digital asset out there is still seen as a safe haven these days.
At the moment of writing this article, Bitcoin is trading in the green and the king coin is priced at $9,568.62.
On the other hand, there’s a digital asset that managed to surpass Bitcoin’s gains since March, and Forbes decided to address the subject.
Theta added more than 1,000% to its price since March
Theta, the primary crypto token of the Theta decentralized video streaming network, managed to reportedly surge by more than 1,000% to its price since back in March, according to CoinMarketCap data.
Theta’s huge gains eclipsed the BTC 120% rally since March when the coronavirus-induced crash took the crypto market by surprise. On the other hand according to the same online publication, BTC looks on track to be one of the best bets of 2020.
Forbes noted that the massive rally of Theta came just as rumors emerged that the San Francisco-based Theta Labs was poised to announce a partnership with Google. Theta eventually confirmed the partnership.
The Theta Network bills itself as a “decentralized streaming video protocol” that is powered by BTC’s blockchain technology and is designed to give “users the opportunity to contribute their excess bandwidth and computing resources in exchange for token rewards.”
The partnership with Google is seen as an endorsement of Theta Labs’ decentralized video infrastructure and business model.
We recommend that you check out the original article posted by Forbes in order to learn more details.
At the moment of writing this article, Theta is trading in the red, and the coin is priced at $0.271011.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.