The 39th largest crypto by market cap, Theta network (THETA USD), today enjoys a massive 16% jump on a new non-fungible token (NFT) deal. Legacy game show, “The Price Is Right,” announced an exciting new partnership with the Theta network. As such, Theta Network price predictions are in season today as investors wonder if the relatively unknown crypto can go as far as some analysts believe.
What’s been going on with Theta lately?
Theta Network is the welcome recipient of a new wave of NFTs celebrating the 50th season of “The Price Is Right.” Tuesday, the world television company Freemantle announced a new partnership with Theta Labs. Theta Labs is the developer behind the Theta Network blockchain. A series of “Price Is Right” themed NFTs will be released on the Theta Network, although no date is currently set for their rollout.
Also, Thursday InvestorObserver looked at Theta’s price movement and support levels to determine its long-term potential. Theta received a long-term technical score of 88, reflecting the coin’s long-term growth potential. A score of 88 means it is a better shelf life than 88% of the cryptos available on the market today. Since its launch in 2018, Theta has had a fairly quiet run around the 10 cent price. That is, until November 2020, when the value of the coin started its ascent. After hitting its all-time high of $14 last April, the coin has slowly but surely returned to its current value of $4.
According to CoinMarketCap’s description of Theta, Theta is a “blockchain-powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) base.”
Theta Network Price Predictions: What’s Next for THETA?
With a strong performance today, the question on every crypto bull’s mind is whether the coin will continue to move higher. Let’s see what the experts think about the coin’s potential.
- CryptoNewsZ is decidedly bullish on THETA. The site predicts that the coin can reach $20 by September this year and $25 by December for skyrocketing growth. Moreover, it indicates that the coin may surpass the price of $70 in 2025.
- Government capital is also confident in Theta’s potential. He came up with a one-year forecast of $9.94 per coin and a five-year forecast of $55.29, which is over 1,200% upside.
- digitalcoin is a bit more conservative on THETA but still believes the play will always be positive going forward. The platform has set a price target of $7.10 for 2022 and a price prediction of $11.16 for 2025, which while not the dizzying estimates that some outlets give the coin , still reflects an increase of more than 150%.
As of the date of publication, Shrey Dua does not hold (either directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.