Theta Fuel 1-Day Trading Volume Hits $831.91 Thousand (TFUEL)

Theta Fuel (TFUEL) traded 3.4% higher against the dollar during the 1-day period ending at 8:00 AM Eastern on September 25th. One Theta Fuel coin can now be bought for $0.0109 or 0.00000013 BTC on major cryptocurrency exchanges. Over the last seven days, Theta Fuel has traded 10.2% higher against the dollar. Theta Fuel has a market capitalization of $81.38 million and approximately $831.91 thousand worth of Theta Fuel was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed over the last day:

• Cronos (CRO) traded 6.9% higher against the dollar and now trades at $0.0650 or 0.00000077 BTC.
• NEAR Protocol (NEAR) traded up 13.6% against the dollar and now trades at $5.00 or 0.00005927 BTC.
• Avalanche (AVAX) traded 5.1% higher against the dollar and now trades at $10.59 or 0.00012560 BTC.
• Hedera (HBAR) traded 5.4% higher against the dollar and now trades at $0.0951 or 0.00000113 BTC.
• Internet Computer (ICP) traded up 7% against the dollar and now trades at $3.18 or 0.00003771 BTC.
• Algorand (ALGO) traded 9.2% higher against the dollar and now trades at $0.12 or 0.00000138 BTC.
• Cosmos (ATOM) traded up 6% against the dollar and now trades at $1.81 or 0.00002145 BTC.
• Fetch.ai (FET) traded up 20.2% against the dollar and now trades at $0.24 or 0.00000284 BTC.
• Akash Network (AKT) traded 2.9% higher against the dollar and now trades at $0.70 or 0.00000822 BTC.
• PayProtocol Paycoin (PCI) traded up 1.9% against the dollar and now trades at $0.0396 or 0.00000047 BTC.

Theta Fuel Coin Profile

Theta Fuel (CRYPTO:TFUEL) uses the hashing algorithm. It launched on March 15th, 2019. Theta Fuel’s total supply is 7,477,791,090 coins. The official website for Theta Fuel is www.thetatoken.org. The Reddit community for Theta Fuel is https://reddit.com/r/theta_network and the currency’s Github account can be viewed here. Theta Fuel’s official Twitter account is @theta_network and its Facebook page is accessible here. Theta Fuel’s official message board is medium.com/theta-network/theta-fuel-the-operational-token-of-the-theta-network-2f6823e2182e.

According to CryptoCompare, “The Theta Network and protocol aim to solve various challenges the video streaming industry faces today. First, tokens on the Theta blockchain are used as an incentive to encourage individual users to share their redundant computing and bandwidth resources as caching or relay nodes for video streams. This improves the quality of stream delivery and solves the “last-mile” delivery problem, the main bottleneck for traditional content delivery pipelines, especially for high-resolution high bitrate 4k, and 8k. Second, with sufficient network density, the majority of viewers will pull streams from peering caching nodes, allowing video platforms to significantly reduce content delivery network (CDN) costs. More importantly, by introducing tokens as an end-user incentive mechanism the Theta Network allows video platforms to deepen viewer engagement, drive incremental revenuesTheta Fuel (TFUEL) is the operational token of the Theta protocol. TFUEL is used for on-chain operations like payments to Edge Node relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network. You can think of Theta Fuel as the “gas” of the protocol. There were 5 billion TFUEL at genesis of Theta blockchain, and the supply increases annually at a fixed percentage set at the protocol level. In December 2020, Theta Labs announced Theta 3.0, which introduces a new crypto-economics design for TFuel, in particular, the concept of TFuel staking and burning. This will greatly expand the capacity and use cases of the network and maximize the utility value of TFuel. Telegram, Discord, Facebook, GitHub, RedditWhitepaper”

Theta Fuel Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Theta Fuel directly using US dollars. Investors seeking to trade Theta Fuel should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Theta Fuel using one of the aforementioned exchanges.

TFUEL/USD price chart by TradingView