three the explanation why Theta value hit a brand new all-time excessive at $three.49

3 reasons why Theta price hit a new all-time high at $3.49

The sustained bullish performance from (BTC) and Ether (ETH) has increased the confidence of crypto investors and many are now looking deeper into projects that have strong fundamentals and offer real-world use cases.

This week investors turned their attention to Theta (THETA), a decentralized network that allows users to share bandwidth and computing resources in order to stream video. In the last two months THETA price has increased by more than 350%, rallying from $0.66 on Dec.10 to a new all-time high of $3.44 on Feb.13.

THETA/USDT 4-hour chart. Source: TradingViewCointelegraph Markets Pro – VORTECS™ Score (green) vs. THETA price

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