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August 9, 2022
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Theta reaches the top 10 crypto by market value

Theta is currently in ninth place in the crypto ranking

Although there are currently more than 8,900 cryptocurrencies, all with distinct and exclusive characteristics, each one gets more recognition when it grows and becomes one of the top ten cryptocurrencies by market capitalization.

Amid consistent price increases over the past few weeks, Theta (THETA) found its way into the top ten most viewed cryptocurrencies in the CoinMarketCap.

Theta (THETA) is a blockchain-powered network developed specifically for streaming video. The main Theta network operates as a decentralized network in which users share bandwidth and computing resources on a point-to-point (P2P) basis. For a project that was launched in the first quarter of 2019, the journey to the elite range showed how sustainable the network’s offer has been and its adoption by investors worldwide.

Theta saw an increasing price rise, currently trading at $ 14.30, up 24.17% in the last 24 hours, up 114.22% last week. Theta is also among the few digital currencies that have been observed to share a limited correlation with Bitcoin (BTC). The currency currently has a market capitalization of $ 14,819,648,814 after seeing 20627.7% growth year on year.

Theta established a new record higher price history, since the launch of Mainnet 3.0 is scheduled for April.

Cryptocurrencies that occupied the top 10 positions in recent months

The volatility inherent in the crypto space is responsible for the huge price fluctuations that can propel a currency to new heights or downgrade some that are already well classified. In recent months, cryptocurrencies, including Polkadot (DOT), Binance Coin (BNB), Uniswap (UNI) and Chainlink (LINK), have paved the way for the top ten cryptocurrencies by market capitalization.

Achieving the elite ranking is a feat, but sustaining growth is an even greater challenge for most cryptocurrencies. The rise of Theta pushed Chainlink to the 11th position in the cryptocurrency market.

Source: BlockchainNews

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