Theta (THETA) price has advanced from $0.60 above $1.8 since the beginning of December, and the current price stands around $1.40. Theta was one of the best performers on the cryptocurrency market in the last several weeks, and for now, there is no signal of the trend reversal.
Fundamental analysis: Theta is a very risky cryptocurrency
Theta is a decentralized peer-to-peer network that was launched in 2019 year, and according to analysts, this network could improve the video streaming industry. Theta offers better video delivery at lower costs, and it is also important to mention that Theta has partnered with Chainlink to fight against online video ad fraud.
All major cryptocurrencies are advancing this trading week; Bitcoin has increased above the $28000, and this situation also supports Theta’s price. “The bull cycle of bull cycles has started, as more and more players are starting to adopt towards Bitcoin and cryptocurrencies,” said Cointelegraph Markets analyst Michaël van de Poppe.
Theta has been moving in an uptrend last several months, and the price of this cryptocurrency has exploded in December. Theta price has extended its correction from the recent highs above $1.8, but as long the price is above $1, there is no risk of the bear market.
My opinion is that this is a very risky cryptocurrency, and if you decide to trade Theta (THETA), you should always use a “stop-loss” order.
Technical analysis: As long the price is above $1, there is no risk of the bear market
The current trend of this cryptocurrency remains bullish, but if you decide to invest in Theta (THETA), you should have in mind that the price could also weaken in the upcoming days. This cryptocurrency
