Theta Fuel (TFUEL) Price Up 0.9% This Week

Theta Fuel (TFUEL) traded up 1.5% against the US dollar during the one day period ending at 11:00 AM Eastern on March 22nd. Theta Fuel has a market capitalization of $266.63 million and approximately $2.15 million worth of Theta Fuel was traded on exchanges in the last 24 hours. Over the last seven days, Theta Fuel has traded up 0.9% against the US dollar. One Theta Fuel coin can currently be bought for about $0.0387 or 0.00000046 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded up 5.4% against the dollar and now trades at $19.47 or 0.00023165 BTC.
• Hedera (HBAR) traded down 0.2% against the dollar and now trades at $0.18 or 0.00000218 BTC.
• NEAR Protocol (NEAR) traded up 1.2% against the dollar and now trades at $2.73 or 0.00003254 BTC.
• Internet Computer (ICP) traded 1.3% higher against the dollar and now trades at $5.74 or 0.00006834 BTC.
• Cronos (CRO) traded 3.4% higher against the dollar and now trades at $0.0801 or 0.00000095 BTC.
• Cosmos (ATOM) traded 4.4% higher against the dollar and now trades at $4.78 or 0.00005693 BTC.
• Algorand (ALGO) traded down 0.3% against the dollar and now trades at $0.19 or 0.00000223 BTC.
• Fetch.ai (FET) traded 1.7% higher against the dollar and now trades at $0.51 or 0.00000608 BTC.
• Kava (KAVA) traded 0.3% higher against the dollar and now trades at $0.54 or 0.00000643 BTC.
• Akash Network (AKT) traded 10.8% higher against the dollar and now trades at $1.31 or 0.00001558 BTC.

Theta Fuel Profile

TFUEL uses the hashing algorithm. Its genesis date was March 15th, 2019. Theta Fuel’s total supply is 6,882,173,934 coins. Theta Fuel’s official website is www.thetatoken.org. Theta Fuel’s official Twitter account is @theta_network and its Facebook page is accessible here. The Reddit community for Theta Fuel is https://reddit.com/r/theta_network and the currency’s Github account can be viewed here. Theta Fuel’s official message board is medium.com/theta-network/theta-fuel-the-operational-token-of-the-theta-network-2f6823e2182e.

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.”

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 trade Theta Fuel should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Theta Fuel using one of the aforementioned exchanges.

TFUEL/USD price chart by TradingView