THETA Breaches 1 Level Courtesy Of Solid OnChain Developments



10 a.m. Sunday, January 22nd, 2023. Data breaches one level courtesy of solid unchained developments. Streaming services have become a big part of the modern society. Theta network is building that kind of tech for the web three space. The network's native token theta has been going bullish in the past few weeks as a result of on chain developments, and a reversal of the sentiment on cryptocurrencies. According to coin gecko, theda rose 15 in the biweekly time frame, along with other altcoins. The network has been revving up development with the recent alpha release of edge store. Theta networks decentralized storage solution related reading what is singularity net and why is its AGI X token exploding by one 16 boosting the network in their January 20th blog post, the development team detailed how this new way of storing data can help the network and web three progress. The edge store solution would be a decentralized way to store web three content. This will run on the theta edge nodes, which already has the ability to encode and transcode content. The fear uncertainty and doubt surrounding the cryptocurrency market has not stopped the networks to grow with partnerships. Trusted media brand, a web three entertainment firm, is now part of the growing list of theta's enterprise validator nodes. The list includes tech industry giants like Samsung, Google, and Sony to name a few. This would accelerate the adoption of web three for entertainment services. One reached what's next for theta as the time of writing, the token has breached the 1.02 resistance to hit its current price of 1.04. This drive towards one might have left the bulls exhausted as they pulled off the advance yesterday. Right now, they'd a bulls are focused on consolidating gains. If the bulls are successful in consolidating the coin, we might see an explosive upward pressure in the next couple of days. The token, with its high correlation with Bitcoin, would also be subject to the broader sway of the crypto market. Theta gearing up for a monster move pick dot Twitter dot com 5 are 41 socks gay Luke prior high priest of cash the look of prior January 16th, 2023, with BTC going into consolidation mode as well. Theta's face right now would be reliant if Bitcoin breaks upwards or downwards. Although the token still has a long way to go for it to recover pre FTX levels, its steady momentum now will surely help investors and traders reach their goals. Analysts are also bullish for the future of the token crypto total market cap at 993 billion on the weekend chart chart trading view dot com related reading Shiba Inu shows aggressiveness with 20 jump in the weekly charts for now. Investors and traders targeting 1.20 should focus on keeping the momentum steady and slow as consolidating gives the token some room for short and medium term gains. With Bitcoin's price movement also affecting the theta market, monitoring how BTC moves in the next couple of weeks, should also be a priority. Featured image by currency dot com

Coming up next