Theta Fuel Price Up 10.2% This Week (TFUEL)

Theta Fuel (TFUEL) traded up 3.4% against the U.S. dollar during the 24-hour period ending at 8:00 AM Eastern on September 25th. One Theta Fuel coin can currently be purchased for about $0.0109 or 0.00000013 BTC on popular cryptocurrency exchanges. Theta Fuel has a market capitalization of $81.38 million and $831.91 thousand worth of Theta Fuel was traded on exchanges in the last day. During the last seven days, Theta Fuel has traded 10.2% higher against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Cronos (CRO) traded 6.9% higher against the dollar and now trades at $0.0650 or 0.00000077 BTC.
• NEAR Protocol (NEAR) traded up 13.6% against the dollar and now trades at $5.00 or 0.00005927 BTC.
• Avalanche (AVAX) traded 5.1% higher against the dollar and now trades at $10.59 or 0.00012560 BTC.
• Hedera (HBAR) traded up 5.4% against the dollar and now trades at $0.0951 or 0.00000113 BTC.
• Internet Computer (ICP) traded up 7% against the dollar and now trades at $3.18 or 0.00003771 BTC.
• Algorand (ALGO) traded 9.2% higher against the dollar and now trades at $0.12 or 0.00000138 BTC.
• Cosmos (ATOM) traded 6% higher against the dollar and now trades at $1.81 or 0.00002145 BTC.
• Fetch.ai (FET) traded 20.2% higher against the dollar and now trades at $0.24 or 0.00000284 BTC.
• Akash Network (AKT) traded 2.9% higher against the dollar and now trades at $0.70 or 0.00000822 BTC.
• PayProtocol Paycoin (PCI) traded up 1.9% against the dollar and now trades at $0.0396 or 0.00000047 BTC.

Theta Fuel Profile

Theta Fuel (CRYPTO:TFUEL) uses the hashing algorithm. Its genesis date was March 15th, 2019. Theta Fuel’s total supply is 7,477,791,090 coins. The Reddit community for Theta Fuel is https://reddit.com/r/theta_network and the currency’s Github account can be viewed here. The official message board for Theta Fuel is medium.com/theta-network/theta-fuel-the-operational-token-of-the-theta-network-2f6823e2182e. Theta Fuel’s official Twitter account is @theta_network and its Facebook page is accessible here. The official website for Theta Fuel is www.thetatoken.org.

According to CryptoCompare, “The Theta Network and protocol aim to solve various challenges the video streaming industry faces today. First, tokens on the Theta blockchain are used as an incentive to encourage individual users to share their redundant computing and bandwidth resources as caching or relay nodes for video streams. This improves the quality of stream delivery and solves the “last-mile” delivery problem, the main bottleneck for traditional content delivery pipelines, especially for high-resolution high bitrate 4k, and 8k. Second, with sufficient network density, the majority of viewers will pull streams from peering caching nodes, allowing video platforms to significantly reduce content delivery network (CDN) costs. More importantly, by introducing tokens as an end-user incentive mechanism the Theta Network allows video platforms to deepen viewer engagement, drive incremental revenuesTheta Fuel (TFUEL) is the operational token of the Theta protocol. TFUEL is used for on-chain operations like payments to Edge Node relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network. You can think of Theta Fuel as the “gas” of the protocol. There were 5 billion TFUEL at genesis of Theta blockchain, and the supply increases annually at a fixed percentage set at the protocol level. In December 2020, Theta Labs announced Theta 3.0, which introduces a new crypto-economics design for TFuel, in particular, the concept of TFuel staking and burning. This will greatly expand the capacity and use cases of the network and maximize the utility value of TFuel. Telegram, Discord, Facebook, GitHub, RedditWhitepaper”

Theta Fuel Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Theta Fuel directly using US dollars. Investors seeking to acquire Theta Fuel should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Theta Fuel using one of the exchanges listed above.

TFUEL/USD price chart by TradingView