The Theta Network price surges by 9% as community witnesses airdrops
The Theta Network price has experienced a 9% increase in the past 24 hours, currently trading at $1.04. This surge comes after the community witnessed several airdrops in recent weeks, leading to a significant boost in price. Over the course of the month, THETA has seen a 50% increase. The latest airdrop being distributed to Theta validators/guardians is the LAVITA airdrop, which has sparked excitement within the community. The ongoing support of the community is highly appreciated by Lavita.AI.
Theta Network Price Prediction: Short-term bearish outlook
Examining the 1-hour THETA/USDT charts, you will notice the Relative Strength Index (RSI) indicator exiting the overbought region, indicating mounting selling pressure. The MACD indicator also suggests a bearish short-term outlook as it moves towards the red zone. The Bollinger Bands, which are moving wide apart, highlight the volatility of the Theta Network price. Resistance is currently felt at $1.06. Despite this, the Bitcoin ETF Token continues to raise funds and has collected over $2 million.
Is the Bitcoin ETF Token a better alternative to THETA?
The newly introduced Bitcoin ETF Token (BTCETF) is strategically aligning itself with the potential success of the spot Bitcoin ETF. As excitement builds around major players like Blackrock and Grayscale entering the market, BTCETF positions itself as the go-to entry point for crypto enthusiasts. With a unique deflationary mechanism tied to the spot Bitcoin ETF approval process, BTCETF aims to drive up its value through token burns triggered by critical milestones. This deflationary strategy sets BTCETF at an advantage over the Theta Network price.
Transaction tax dynamics for long-term holder benefits
BTCETF’s approach to transaction taxes involves gradually reducing the tax by 1% for every achieved ETF milestone, ultimately reaching 0% upon completing all goals. This rewards early backers and supports the project’s deflationary strategy. With the next phase only a day away, BTCETF is currently priced at $0.006, but the price is expected to increase soon. Prospective buyers can participate in the presale through the project’s website, with payments accepted in ETH, BNB, USDT, and bank cards.
Hot Take: BTCETF presents an opportunity amidst Theta Network price correction
If you’re considering an investment in the evolving crypto landscape, now is the opportune moment to become part of the BTCETF story. As the Theta Network price looks to correct, BTCETF could be a promising investment option. Don’t miss the chance to participate in the presale and potentially profit from the evolving crypto landscape.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.