THETA Rallies After Payment Option Goes Live on the Curate Marketplace

The first part of the Theta and Curate partnership has been completed, and the second part will see Theta NFTs launch on the Curate marketplace.

THETA/TFUEL Payment Options Now Available on Curate

Theta is a decentralized video delivery network. The platform is powered by the users and operates on a dedicated blockchain (Theta Network). The network is designed to reduce the costs involved in delivering content by creating a mesh network of shared content.

On Monday, the Theta Network team announced that the first part of its collaboration with the Curate marketplace is complete. This means that THETA and TFUEL payment options are now available on the Curate marketplace.

Theta Fuel (TFUEL) is the operational token of the Theta Network. It is used as the gas token to complete transactions on the network, such as deploying or interacting with smart contracts.

The Theta team said they are now working on the second part of the partnership, which will involve Theta nonfungible tokens (NFTs) being tradable on the Curate app.

THETA has been performing well in the last few hours. At press time, THETA is trading at $4.1, up by more than 5% in the last 24 hours.

THETA Could Break Past its 50-day EMA Level Soon

The THETA/USD daily chart shows that the cryptocurrency is bullish at the moment. THETA looks likely to top its 50-day moving average price of $4.52 over the next few hours if the positive performance is maintained.

THETA’S RSI is out of the oversold region. Source: FXEMPIRE

The MACD line is still below the neutral zone as THETA has been underperforming in recent weeks. The RSI of 46 shows that THETA is out of the oversold zone and could move higher if the bulls remain in control.

THETA reached an all-time high of $15.72 on April 16, 2021. However, the coin has lost more than 73% of its value since then.