
[THETA](https://www.thetalabs.org/) is above $1.17 and is the 41st largest crypto asset in terms of market capitalisation. It has increased in the last year and is listed on the major cryptocurrency platforms, though it has also drastically decreased in the past few months.

## Large wallets control Theta coin price

THETA has attracted attention rom large companies. Its [partnerships](https://www.securities.io/sony-partners-with-theta-labs-for-3d-visuals-in-the-metaverse/#:~:text=Sony%20partners%20with%20Theta%20Labs%20Sony%20has%20issued,will%20be%20used%20within%20Sony%E2%80%99s%20Spatial%20Reality%20Display.) with Google, NASA, Samsung, and other high-profile companies have helped to raise awareness of the project. Google even powers the network's infrastructure. It also lets users become nodes running the network.

To purchase [THETA](/news/article/trending-crypto-coins), you must make a fiat deposit on an exchange. Ensure you find a reliable and secure platform that uses multiple layers of security. These platforms often have encryption, insurance, and offline storage.

In addition, you should enable two-factor authentication to protect your account. Moreover, using a strong password that you change regularly is best. Also, you should verify the emails you receive.

Theta has massive potential as a disruptor in the live streaming industry. Content delivery networks rely on geographic boundaries and struggle to meet the growing demand for high-quality streams.

Theta's global network of users provides an opportunity to eliminate this bottlenecking problem, which is called the "last mile" by experts. The users benefit from a global infrastructure that delivers high-resolution, high-bitrate streams.

## Demand for governance rights

The demand for governance rights is a significant factor impacting the coin price. The popularity of video streaming services has also been an essential factor in the rise of THETA. However, while these factors have contributed to the cryptocurrency's recent growth, it's important to remember that these are not sustainable levels. 

In addition to the token itself, the network is decentralised. The coin governance system runs a network of validator nodes and Guardian nodes. THETA Labs must approve each validator to operate on the web, and an open-source platform is also an excellent place for developers to build DApps.

THETA has established several partnerships with high-profile companies and organisations in the crypto world. Its partnership with Google, for example, has helped raise its profile and value in the cryptocurrency world.

## Future of THETA coin

The future of the coin price is determined by its projected costs for the next five years. This is based on the predictions of digital currency experts. They look at historical price data and project its maximum and minimum prices. While price predictions are not foolproof, they are usually accurate reflections of future prices.

THETA has strong partnerships with many companies and is expected to grow in price, like [Bitcoin](/coins/btc). It has partnerships with Google, Samsung, and Sony. It has also entered the decentralised video streaming space. The video streaming industry is expected to grow at 20 percent per year.

THETA partnerships with these companies will only help the token's price. Investors should not rush into investing in Theta. Its price is currently in a bearish trend. Nevertheless, it has the potential to recover and break out of this downtrend. The price could reach as high as $5.656 by 2024.



Future of Theta coins price in the crypto market

What are the trending crypto coins that investors should be watching this week?

The latest economic news from the US suggests cryptocurrency markets may have more room to rebound from the downturn earlier this year.

## Job Market

The US jobs report on August 5 exceeded market expectations, indicating inflation hasn't dropped. Strong figures diminished the chance that the Fed will delay rate hikes.

CME Group data shows a September rate hike of 75 basis points is now 68% likely. Fundstrat analysts disagree.

The S&P 500 bottomed six months before the Fed's last rate hike on three out of six occasions. In the year's second half, it's anticipated that the S&P 500 could surge to 4,800. If the correlation between equities and crypto markets holds, the crypto markets may have more room to rebound.

If Bitcoin (BTC) does go through the $25,000 mark, there is no substantial barrier until $26,000 to $28,000, according to Material Indicators. Could Bitcoin break through the resistance and drag altcoins higher?

## Trending Crypto Coins: BTC/USDT

Analysis shows that Bitcoin has been trading near the 20-day exponential moving average (EMA) of $22,719 for a few days, indicating a bull-bear struggle. The bulls have held the level, but haven't rebounded strongly. This signals lower demand.

The fact that both moving averages have flattened and the RSI is just over the middle indicates that buyers and sellers are balanced. Buyers could gain if they push the price above $24,668. If they do, BTC/USDT might climb to $28,000 and perhaps $32,000. If bears do pull the price below the 20-day EMA, the pair might fall to a 50-day SMA of $21,719.

If this support breaks, the uptrend line may be next. The last four-hour chart showed $22,400 to $23,648. Again, both of the moving averages have flattened, and the RSI is midway, indicating a supply-and-demand balance.

If bulls push the price above $23,648, the pair might reach $24,668. Bears will have a short-term advantage if the price falls below $22,400. The pair could fall to the uptrend line of solid support.

## Trending Crypto Coins: FLOW/USDT

Flow (FLOW) broke out of a tight trading range on August 4. This signals accumulation and a fresh uptrend. Bears are trying to arrest the uptrend near $3, but bulls haven't lost much ground. Traders aren't booking profits after the recent rally. This means that bulls have the upper hand as the 20-day EMA of $2.07 has risen, and the RSI is nearly overbought.

[FLOW/USDT might surge to $4.60](https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-flow-theta-qnt-mkr) if investors push the price above $3.00 to $3.30. The pair has turned down $3.00, but is finding support at the four-hour 20-EMA.

Bulls could retest $2.99 if the price rises above $2.80. The rise could resume if this level is broken. If the value goes below the 20-EMA, this pair might fall to the 50% Fibonacci retracement level of $2.41 and then to $2.27. A break below this level could favour bears and send the pair under $2.00.

## Trending Crypto Coins: THETA/USDT

Theta Network (THETA) broke and closed above $1.55 on August 5, signalling a bullish range resolution. On August 6, bears sought to lower the price below the breakout mark, but bulls resisted. The 20-day EMA of $1.39 is rising, and the RSI is bullish, favouring buyers.

If bulls keep THETA/USDT over $1.65, a new rally toward $2.10 could begin. If bulls overcome this resistance, the pair might climb to $2.60. Bears must pull prices below $1.55 to invalidate this bullish perspective.

If so, aggressive bulls may get trapped, and the pair may decline to moving averages. The four-hour chart indicates that bulls bought the decline to the 20-EMA. Both four-hour moving averages are rising, and the RSI is near overbought, indicating bullish momentum.

If bulls retain $1.65, the uptrend may restart. A closure below the 20-EMA will signal weakness. If so, the duo might hit the 50-SMA. Bears must push prices below this level to end the rally.

## Trending Crypto Coins: QNT/USDT

Quant (QNT) rallied from its June 13 low of $40. It seems that bulls have aggressively bought the dip below the 20-day EMA of $103 on July 26. Bulls drove the price above $115 on August 6. The rise resumed.

The QNT/USDT pair could rally to $154 to $162, where bears may defend. [Bulls will try to turn $115 into support if the price drops](/news/article/crypto-fear-and-greed-index). If so, the pair's upswing might resume. Bears must push prices below the 20-day EMA to win.

The pair is on an uptrend, but the four-hour RSI is overbought, suggesting a near-term pullback. Bulls should purchase declines to 20-EMA. If they do, it will show that traders are buying on dips. That increases the likelihood of an uptrend.

If the price drops below the 20-EMA, the pair might fall below the 50-SMA. A break below this level could send prices to $100.


Trending Crypto Coins to Watch: BTC, FLOW, THETA & QNT

Where do you find Metaverse coins? In the Metaverse, of course. But what's that?
The Metaverse forms a bridge between the real and virtual worlds and is expected to grow rapidly in the coming years.

Some industry experts expect it to be valued between $800 billion to $1 Trillion within the next couple of years. Here are a few of the most valued ‘metaverse coins’ by market capitalisation.

## AXS

AXS is the first ‘metaverse coin’ discussed. It stands for[ Axie Infinity](https://axieinfinity.com/) Shard. Inspired by Pokemon, it was created for use on Axie Infinity’s platform. It is a game where users breed and train Axies to fight each other. Users can also exchange their islands or any items on the game. 

The game has two modes. They are Adventure Mode, where users fight and complete each level, and Arena Mode, where at least two Axies battle off. The rise in popularity within crypto gaming tokens is partly because many investors are interested in NFT, allowing them to understand this type of crypto better. AXS token holders can also vote, stake, and pay for any products.

## MANA

MANA is used to buy and sell items on the Metaverse platform, [Decentraland](https://decentraland.org/). MANA’s value fluctuates based on the current state of the cryptocurrency market. It becomes more expensive following an important event on Decentraland, such as the purchase of a high-value plot of land - just like a company’s share prices increase after positive news.

## SAND

SAND is the original cryptocurrency of The Sandbox, where users can search for and purchase land and create structures to sell. All items acquired are 100% owned by the player creating further revenue opportunities for gamers. This utility token is also used to play games, purchase equipment, and build/customise avatars. Furthermore, you can also earn tokens when playing. People who have the token can also vote on decisions that may affect the game's future development.

## THETA

[Theta](https://www.thetatoken.org/) is software that seeks to encourage a global network of computers to form through incentives. It is a decentralised video streaming platform. As there are restrictions based on location, some areas can not keep up with increasingly high-quality streams. Theta, a “metaverse coin", changes this perspective by letting a global pool of users relay videos by offering their spare bandwidth and computing resources. The more users join the Theta network, the more bandwidth is available, which improves the streaming quality of the videos on the network.

## APE

[ApeCoin](https://apecoin.com/) DAO allows all APE token holders to be involved in governance decisions, such as how to allocate the Ecosystem Fund, governance rules, selection of projects and partnerships, and so on. After voting on the proposals, the APE Foundation carries out the decisions. Yuga Labs, which created the Bored Ape Yacht Club NFT collections, also use APE as the primary token for all their products and services.

More [Metaverse news](/news/category/metaverse-news).
 



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