Most of the major protocol upgrades have been able to play important roles in altcoin rallies- but none more than Theta. This ecosystem has been generating considerable heat over the last couple of weeks. This has also come irrespective of the state of the cryptocurrency market- since most of the newer features have excited the token holders while attracting multiple investors.
The Theta token project has managed to rally around 50%, while the TFUEL has garnered a rally of 71%, before the Mainnet 3.0 Launch that will take place on the 30th of June.
Theta Is Looking At Major Strides
The last month was witness to the price action against Theta which soon started ramping up after the project highlighted the role of the Creative Artists Agency. They were the newest validator node operator for this futuristic network.
Post this, the company also decided to release tier one-click delegated staling for the Web wallet which has since then increased the amount of excitement in the community. Apart from everything else, this has resulted in a much easier method for those trying to earn a yield for those holders who aren’t interested in dealing with way more complicated strains of yield farming.
The company has announced that any investors yearning for a stake in the network needs to have a minimum of 1,000 Theta tokens with them- which comes to around $9,750 at its current valuation. A report from the 6th of June highlights that around 60% of the tokens that are currently circulating have already been locked in on network validation purposes. Interestingly, the reduction meted out to the available supply should definitely help in reducing the risk of yet another price drop. And this comes even after the token was corrected with the price of Bitcoin imploding on the 19th of May.