5 Best Performing Coins of the Week – CHZ Leads ATOM, HT, NEXO, and TFUEL

Key Insights:

  • It is a bearish Monday to Saturday for the broader crypto market, weighed by Fed Chair Powell.
  • A sharp Friday sell-off in response to the Fed Chair Powell speech at Jackson Hole left the broader crypto market in the red.
  • However, several bucked the trend, including Chiliz (CHZ), Cosmos (ATOM), Huobi Token (HT), NEXO (NEXO), and Theta Fuel (TFUEL).

Monday to Saturday, August 27, the total crypto market cap is down $62.32 billion to $942 billion. A Fed Chair Powell fueled Friday crypto meltdown saw $68 billion come off the table to leave the crypto market on target for a second consecutive weekly loss.

Market cap takes a Powell hit.
Crypto Market Cap 280822 Weekly Chart

Throughout the week, crypto news took a back seat with investors focused on US economic indicators and the Federal Reserve.

Weak service sector PMI figures for August raised hope of a more dovish Fed, with the services PMI sliding from 47.3 to 44.1. Numbers below 50 indicate a sector contraction. The August decline pointed to a US recession, with the services sector accounting for more than 70% of the US economy.

Other stats in the week were also crypto-market-friendly. US core durable goods orders rose, with the US labor market numbers positive. An upward revision to Q2 GDP numbers also delivered support. On Friday, softer inflation numbers raised hopes of a more dovish Fed. The numbers were out before the heavily anticipated Fed Chair Powell speech.

However, Powell delivered a blow to riskier assets. Fed Chair Powell warned the markets of the Fed’s commitment to bring inflation to target. Powell talked of the likely fallout from the Fed’s goal, including the impact on labor market conditions. The Fed Chair removed any hope of a policy reversal by highlighting the need for a period of sustained below-trend growth alongside a weaker labor market to tame inflation.

The NASDAQ 100 also took a hit in response to Powell’s speech, sliding by 3.94% on Friday. The correlation between the crypto market and the NASDAQ 100 remained intact throughout the week.

NASDAQ correlation intact.
NASDAQ – Crypto Market Cap – 280822 Daily Chart

Across the CoinMarketCap top 100, several cryptos avoided the red in a bearish week.

Chiliz (CHZ) and Huobi Token (HT) lead the way, with Cosmos (ATOM), Nexo (NEXO), and Theta Fuel (TFUEL) also avoiding the red.

Chiliz (CHZ)

For the week, CHZ is up 14.95% to $0.2153. A mixed start to the week saw CHZ fall to a Monday low of $0.1827. However, a Monday rebound and a bullish Tuesday saw CHZ strike an August high of $0.2653 before three consecutive days in the red. Avoiding sub-$0.20, CHZ revisited $0.22 on Saturday before easing back.

Network news delivered another breakout week. On Monday, Chiliz founder Alexandre Dreyfus announced plans to shift from the Ethereum (ETH) blockchain to a native chain CHZ 2.0. CHZ rallied by 19.04% on Monday.

Looking at the trends, a CHZ move through the August high of $0.2653 would support a run at the April high of $0.2943. A return to $0.30 would bring the March 30 current-year high of $0.3319 into view.

However, a fall through the week low of $0.1827 would bring the August low of $0.1214 and sub-$0.10 into view. CHZ fell to a 2022 low of $0.0810 on June 18.

Chiliz finds support.
CHZUSD 280822 Daily Chart

Looking at the EMAs and the 4-hourly candlestick chart (below), it was a bullish signal going into Sunday. CHZ sat at the 50-day EMA, currently at $0.2165.

The 50-day EMA pulled away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA, delivering bullish price signals.

A breakout from the 50-day EMA would support the upward trend formed at the July 27 bullish cross. However, a pullback from the 50-day EMA and a fall through the 100-day EMA ($0.2013) would bring the 200-day EMA (0.1772) and the August low of $0.1725 into view.

EMAs bullish

Cosmos (ATOM)

For the week, ATOM is up 4.28% to $11.1041. A mixed start to the week saw ATOM fall to a Monday low of $10.0463 before making a move. Steering clear of the August low of $9.6499, ATOM rallied to a Wednesday and an August high of $13.4543.

The bearish sentiment from across the crypto market weighed in the second half of the week to leave ATOM at sub-$12.

Following the community passing of Proposal 72 in July, the introduction of Neutron delivered the bullish week.

Looking at the trends, an ATOM move through the Wednesday and August high of $13.4543 would support a run at the May high of $20.3339. A breakout from $20 would then give the bulls a run at the April high of $33.2901. ATOM struck a 2022 high of $45.7133 on January 7.

However, a fall through the August low of $9.6499 would bring the June and the current year low of $5.5401 into view.

ATOM enjoys bullish week.
ATOMUSD 280822 Daily Chart

Looking at the EMAs and the 4-hourly candlestick chart (below), it was a bearish signal going into Sunday. ATOM sat at the 200-day EMA, currently at $11.0606.

Following Tuesday’s bullish cross, the 50-day EMA fell back towards the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA, delivering bearish price signals.

An ATOM breakout from the 200-day EMA would support a run at the 100-day EMA ($11.4788) to bring the 50-day EMA ($11.6552) into view. For the bulls, a move through the 50-day EMA would support a return to $13 to target the May high ($20.3339).

EMAs bearish
ATOMUSD 280822 4 Hourly Chart

Huobi Token (HT)

For the week, HT is up 12.55% to $4.9935. A bearish start to the week saw HT fall to a low of $4.3605. However, four consecutive days in the green saw HT strike a Saturday high of $5.3565 before easing back to sub-$5.00.

There were no apparent news updates to support the breakout week.

Looking at the trends, an HT move through the August high of $5.8360 would give the bulls a run at the June high of $7.7795. From the June high, HT would then have a free run at the February and 2022 high of $10.2000.

However, a fall through the August low of $4.3230 would bring the July and the current year low of $4.2835 into play.

HT bullish.
HTUSD 280822 Daily Chart

Looking at the EMAs and the 4-hourly candlestick chart (below), it was a bullish signal going into Sunday. HT sat above the 50-day EMA, currently at $4.8025.

Following the bullish cross on Friday, the 50-day pulled EMA away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA, delivering bullish price signals.

HT would need to hold above the 50-day EMA to support a breakout from the August high and a run at the June high of $7.7795. However, a fall through the 50-day EMA would give the bears a look at the August low of $4.3230.

EMAs bullish.
HTUSD 280822 4 Hourly Chart

Nexo (NEXO)

For the week, NEXO is up a modest 0.38% to $0.9246. A bearish start to the week saw NEXO fall to a Monday low of $0.8824. However, steering clear of the August low of $0.6749, NEXO struck a Wednesday high of $1.0625 before easing back.

There were no apparent news updates to support the breakout week.

Looking at the trends, a NEXO move through the August high of $1.0914 would give the bulls a run at the June high of $1.3118. From the June high, NEXO would then have a free run at the May and 2022 high of $3.5866.

However, a fall through the August low of $0.6749 would bring the June and the current year low of $0.5440 into play.

NEXO finds support.
NEXOUSD 280822 Daily Chart

Looking at the EMAs and the 4-hourly candlestick chart (below), it was a bullish signal going into Sunday. NEXO sat above the 100-day EMA, currently at $0.9162.

The 50-day EMA narrowed to the 100-day EMA, while the 100-day EMA widened from the 200-day EMA, delivering mixed price signals.

NEXO would need to break out from the 50-day EMA to support a move through the August high of $1.0914. However, a fall through the 100-day EMA would give the bears a look at the August low of $0.6749.

EMAs bullish
NEXOUSD 280822 4 Hourly Chart

Theta Fuel (TFUEL)

For the week, TFUEL is up 4.95% to $0.06069. A bearish start to the week saw TFUEL fall to a Tuesday and an August low of $0.05321 before making a move. Bullish mid-week, TFUEL surged to a Friday high of $0.07416 before revisiting sub-$0.060.

Network news updates delivered the new August high, with the Theta Network sharing updates on the progress towards the Theta Metachain.

Looking at the trends, a TFUEL move through the August high of $0.08382 would support a run at the May high of $0.1465. A breakout from $15 would then give the bulls a run at the March and 2022 high of $0.2449.

However, a fall through the August low of $0.05321 would bring the June and the current year low of $0.03879 into view.

TFUEL finds support.
TFUELUSD 280822 Daily Chart

Looking at the EMAs and the 4-hourly candlestick chart (below), it was a bearish signal going into Sunday. TFUEL sat below the 50-day EMA, currently at $0.06159.

Late in the Saturday session, the 50-day pulled back from the 200-day EMA, with the 100-day EMA narrowing to the 200-day EMA, delivering bearish price signals.

A TFUEL move through the 50-day EMA would support a breakout from the 200-day EMA ($0.06216) to target the 100-day EMA ($0.06250). A move through the 100-day EMA would signal a near-term bearish trend reversal to give TFUEL a look at the August high of $0.08382.

However, a pullback from the 50-day EMA would support a fall through the August low to bring the 2022 low ($0.03879) into view.

EMAs bearish
TFUELUSD 280822 4 Hourly Chart

 

Crypto Market Daily Highlights – ETH Leads Top Ten Fed Fueled Sell-Off

Key Insights:

  • It was a bearish Friday session for the crypto top ten, with Ethereum (ETH) and Solana (SOL) leading the slide.
  • Fed Chair Powell’s heavily anticipated Jackson Hole speech sent the equity and the crypto markets into a tailspin.
  • The total crypto market cap tumbled by $67.5 billion to $952.2 billion, with the crypto market now on target for a fourth monthly loss from five.

It was a bearish Friday session for the crypto top ten. Bitcoin (BTC) has avoided sub-$20,000 while falling short of $22,000 for a seventh consecutive session. ETH visited sub-$1,500, with SOL sliding to $31.

Fed Chair Powell delivered a warning to the markets of the Fed’s commitment to bring inflation to target. Powell talked of the likely fallout from the Fed’s goal, including the impact on labor market conditions. The Fed Chair also removed any hope of a policy reversal by highlighting the need for a period of sustained below-trend growth alongside a weaker labor market to tame inflation.

Investor reaction to Powell’s speech was evident, with the NASDAQ 100 sliding by 3.94% and crypto markets coughing up $78 billion from the start of the Powell speech to the end of the UTC session.

NASDAQ 100 correlation.
Total Market Cap – NASDAQ – 270822 5 Min Chart

Economic indicators provided brief support. However, the positive market reaction to softer inflation numbers was short-lived. The Core PCE Price Index increased by 4.6% year-over-year in July, down from 4.8% in June. Personal spending disappointed, with a modest 0.1% increase after having risen by 1.0% in June.

The Total Crypto Market Cap Tumbles to sub-$950 billion

On Friday, the total crypto market cap rose to a pre-Powell speech day high of $1,032 billion before tumbling to a low of $942 billion.

A modest final hour recovery left the crypto market at $952.2 billion, down $67.5 billion for the session.

The sell-off leaves the total crypto market cap down $107 billion for August.

Crypto market on target for a fourth monthly loss from five.
Total Market Cap 270822 Daily Chart

The Crypto Market Movers and Shakers from the Top Ten and Beyond

It was a bearish Friday session for the crypto top ten.

ETH and SOL led the way down, sliding by 11.05% and 10.11%, respectively.

ADA (-7.10%), BNB (-7.17%), BTC (-6.03%), and DOGE (-7.94%) also struggled, while XRP fell by a more modest 3.25%.

From the CoinMarketCap top 100, it is a mixed session.

Huobi Token (HT) and Theta Fuel (TFUEL) bucked the broader market trend, with gains of 4.77% and 3.66%, respectively.

However, Flow (FLOW) was amongst the worst performers, sliding by 13.34%, with Uniswap (UNI) down 12.43%.

Crypto Liquidations Surged in Response to Fed Chair Powell’s Policy Speech

Over 24 hours, total liquidations jumped as investors reacted to Fed Chair Powell’s speech from Jackson Hole.

At the time of writing, 24-hour liquidations stood at $346.13 million, up from $89.10 million on Friday morning.

Liquidated traders also rose over the last 24 hours. At the time of writing, liquidated traders stood at 113,370 versus 32,156 on Friday morning. Liquidations over 12 hours, 4 hours, and one hour were also down up, with investors unable to take any positives from Powell’s speech.

Crypto liquidations surge.
Total Crypto Liquidations 270822

According to Coinglass, 12-hour liquidations stood at $271.70 million, up from $37.51 million on Friday morning. 4-hour liquidations jumped from $5.87 million to $82.24 million, with one-hour liquidations up from $0.721 million to $68.92 million. The chart below shows market conditions throughout the session.

Powell sends crypto market cap to sub-$950 billion.
Total Market Cap 270822 Hourly Chart

 

Top 3 Trending Coins: ADA and TFUEL Lead While CEL Extends Losses

Key Insights:

  • Theta Fuel (TFUEL) leads the crypto top 100 in a mixed morning session as investors look ahead to Fed Chair Powell’s speech.
  • While recent trailblazer Chiliz (CHZ) continues to struggle, Cardano (ADA) is also on the move, supported by Vasil fork news.
  • However, Celsius Network (CEL) continues to bring up the rear, with another bearish session on the cards.

Theta Fuel (TFUEL) Stands Out in a Bearish Crypto Session

After a bearish start to the week, Theta Fuel (TFUEL) has found strong support. Following an 8.05% rally on Thursday, TFUEL is up 14.31% this morning. The breakout comes after hitting an August low of $0.05321 on Tuesday.

There are no apparent market forces or network updates driving the current breakout from the current week’s August low.

Looking at the trends, a move through the August 12 high of $0.08382 would give TFUEL a run at the May high of $0.1465. From $0.15, TFUEL would have a free run at the March and 2022 high of $0.2449.

For the bears, a TFUEL fall through the August low of $0.05321 would bring the June and the current-year low of $0.03879 into play.

TFUEL leads the crypto 100.
TFUELUSD 260822 Daily Chart

Cardano (ADA) Finds Buyers as Vasil Hard Fork Stats Improve

Cardano (ADA) rose by 1.53% on Thursday. Having recovered from an August 20 low of $0.435, ADA has enjoyed an upward trend. More promising updates on the delayed Vasil hard fork have driven ADA northwards.

This morning, ADA is up 3.66% to $0.482, the upside coming despite bearish sentiment hitting the broader crypto market.

According to the latest from PoolTool, 63% of the Cardano SPO nodes have upgraded to v1.35.3. Upgrades are up from 53% on Thursday and 45% on Wednesday. 75% of nodes need to upgrade to enable the Vasil hard fork.

The upward trend is Cardano price positive. Last weekend, Cardano founder Charles Hoskinson turned to Twitter, calling on SPOs to upgrade to the Vasil hard fork version 1.35.3. An apology and assurances of vigorous testing appear to have done the trick. On Tuesday, the percentage of nodes that upgraded to v1.35.3 had stood at just 33%.

Looking at the trends, an ADA move through the August high of $0.595 would give the bulls a run at the May high of $0.906 and $1.00. From $1.00, the bulls would have a free run at the April high of $1.247.

However, a fall through the August low of $0.435 would bring the May and the current year low of $0.384 into view.

ADA on the move.
ADAUSD 260822 Daily Chart

Celsius Network (CEL) Continues the Downward Spiral Towards $0.15

Celsius Network (CEL) seems unable to shake off the bearish sentiment that kickstarted a sharp decline from an August high of $4.4000.

On Thursday, CEL slid by 12.77% to end the day at $1.2247. The Thursday fall extended the CEL losing streak to six sessions.

Investor sentiment has not improved this morning, with CEL down by 2.84% to $1.1900. The bearish start saw CEL become one of the worst crypto performers for yet another morning session.

Looking at the trends, a fall through the August low of $1.088 would bring the June current year low of $0.15 into view. For now, CEL looks set to continue the downtrend towards the June low. Investors will be eying whether CEL finds any support at the August low of $1.0876.

CEL sees more red and is on target for a seventh consecutive day in the red.
CELUSD 260822 Daily Chart

Crypto Market Daily Highlights – BTC Winning Streak Ends

Key Insights:

  • On Sunday, the crypto top ten saw a four-day winning streak end, with Solana (SOL) falling by 2.44% to lead the way down.
  • Uncertainty over Fed monetary policy and a lack of direction from the crypto news wires left investors on a more cautious footing ahead of the Monday open.
  • The total crypto market cap ended the week up by $26 billion.

It was a bearish Sunday session for the crypto top ten. Bitcoin (BTC) saw a four-day winning streak end, with ETH failing to revisit $1,400 in a range-bound session.

There were no external forces to shift investor sentiment on Sunday, with no crypto news stories to provide the markets with direction. A bullish four sessions continued into Sunday before profit-taking hit the market ahead of the Monday open.

The pullback reflected investor uncertainty over Fed monetary policy, with investors likely to eye the NASDAQ 100 for direction.

Crypto - NASDAQ
Crypto – NASDAQ – 180722 Daily Chart

At the time of writing, the NASDAQ 100 Mini was up 44.5 points to deliver early support.

The Total Crypto Market Cap Sees Red

A bullish start to the Sunday session saw the total crypto market cap rise to a high of $961 billion before hitting reverse.

The total market cap fell to a low of $925 billion before ending the day at $931 billion. Investors pulled out a modest $14.8 billion on Sunday to leave the market cap up $26 billion for the week.

Crypto market cap
Total Market Cap 180722 Daily Chart

The Crypto Market Movers and Shakers from the Top Ten and Beyond

SOL fell by 2.44% to lead the way down, with ADA (-2.18%), DOGE (-2.02%), and XRP (-2.11%) also struggling.

BNB (-0.80%), BTC (-1.92%), and ETH (-1.29%) saw relatively modest losses.

From the CoinMarketCap top 100, Lido DAO (LDO) led the way again, rallying by 19.91%, with Ethereum Classic (ETC) and Theta Fuel (TFUEL) up by 11.24% and 19.21%, respectively.

However, Curve DAO Token (CRV), Zcash (ZEC), and Uniswap (UNI) led the way down.

CRV fell by 8.04%, with ZEC and UNI ending the day with losses of 6.14% and 5.87%, respectively.

Total Crypto Liquidations Slide to Reflect Improving Market Conditions

On Monday, 24-hour liquidations took a tumble, reflecting improving market conditions at the turn of the day. On Sunday, we saw 24-hour liquidations spike to suggest a possible crypto pullback, which materialized after a bullish start.

This morning, 24-hour liquidations stood at $116.95 million, down from $372.3 on Sunday.

Liquidated traders declined over the last 24 hours, suggesting improving market conditions. At the time of writing, liquidated traders stood at 40,592 versus 63,031 on Sunday morning.

According to Coinglass, one-hour liquidations stood at $5.22 million, down from $31.6 million on Sunday.

Crypto liquidations
Total Crypto Liquidations 180722

Daily News Highlights

  • RBA Governor Lowe talked of the benefits of privately issued but regulated digital currencies.
  • Chatter over a possible Coinbase liquidity crisis continued to do the rounds.

Crypto Market Daily Highlights – BTC Ends Seven Day Losing Streak

Key Insights:

  • It was a bullish end to the week for the crypto to ten, with XRP finding much-needed support to lead the way.
  • Following the 3AC bankruptcy filing, news of more platforms laying off staff failed to spook investors.
  • The total crypto market cap rose for the second time in eight sessions. A $2.58 billion increase left the market cap down by $70 billion for the week.

It was a bullish Sunday for the crypto market. Bitcoin (BTC) ended its seven-day losing streak. While XRP  found strong support, gains across the rest of the top ten were modest.

The fallout from the crypto winter continued to hit the market, with news of exchanges reducing headcounts a reminder of market conditions.

However, crypto market headwinds remained the primary drag, with inflation, Fed monetary policy, and the threat of a US recession testing investor appetite.

With the US markets closed today, the NASDAQ 100 Mini will need considering, with the crypto market continuing to track the US market.

Crypto - NASDAQ correlation
Total Market Cap – NASDAQ – 040722 Daily Chart

At the time of writing, the NASDAQ 100 Mini was down 53.5 points.

The Total Crypto Market Cap Rises for a Second Session

A bearish morning saw the total crypto market cap fall to a low of $832.5 billion before rising to a high of $859.0 billion.

Following a modest $2.28 billion rise, the total crypto market cap increased by a further $2.58 billion to $851.1 billion on Sunday. The modest uptrend over the weekend left the market cap down $15 billion for July.

Crypto market cap
Total Market Cap 040722 Daily Chart

The Crypto Market Movers and Shakers from the Top Ten and Beyond

XRP led the way, rising by 1.93%, with DOGE gaining 0.84%.

Gains elsewhere were modest, however. BTC joined the broader market in positive territory, rising by 0.35%, with BNB (+0.46%), ETH (+0.68%), and, SOL (+0.12%) also avoiding the red.

ADA ended the day flat

From the CoinMarketCap top 100, NEM (XEM) bucked the broader market trend, sliding by 10.12%, with Polygon (MATIC) falling by 6.35%.

However, ThetaFuel (TFUEL) led the broader crypto market, rallying by 14.81%, with Arweave (AR) up 12.16%.

Total Crypto Liquidations Remain Crypto Market Positive

24-hour liquidations continued to reflect improving market conditions going into Monday.

This morning, 24-hour liquidations stood at $80.74 billion, up from $58.2 million on Sunday morning. While higher, staying below the $100 million mark was positive.

Liquidated traders over the last 24 hours also increased, albeit modestly. At the time of writing, liquidated traders stood at 25,320 versus 22,104 on Sunday morning.

However, one-hour liquidation figures reflected steady market conditions at the turn of the day.

According to Coinglass, one-hour liquidations stood at $0.920 million versus $1.07 million on Sunday and $2.44 million on Saturday.

Crypto liquidations steady
Total Crypto Liquidations 040722

Daily News Highlights

  • US Millenials favor cryptos over mutual funds.
  • Celsius Network laid off 150 employees.
  • Circle founder and CEO Jeremy Allaire attempted to ease concerns over stablecoin USD Coin (USDC) by sharing a string of circle.com blogs on Twitter.

Theta Network (THETA) Is Up 45% in the Last Seven Days

Over the past week, the cryptocurrency market has gone up almost 11%, from $1.76 trillion to $1.97 trillion. Some coins like THETA have outperformed other big coins such as BTC, ETH, and BNB, according to CoinMarketCap.

As of the time of writing, Theta Network (THETA) is up 13%, Theta Fuel (TFUEL) is up 2%, and ThetaDrop (TDROP) is up 4.8% in the last 24 hours.

Yesterday, the social activity volume reached its peak in THETA, rallying 495% in the last week according to LunarCrush data.

Theta Labs is the team behind the Theta Network, a decentralized video streaming platform for streaming excellent video quality that runs on the Theta blockchain. THETA is used for staking and securing the network in order to become a Validator or Guardian node.

TFUEL’s function is to pay the transactions in the Theta network and works as micropayments for the Edge Nodes. Lastly, TDROP is the NFT liquidity mining token on Theta’s NFT marketplace ThetaDrop.

What’s Behind the Rally?

The Theta ecosystem was very hot over the past week with exciting things happening surrounding its network.

Yesterday, Replay, a “blockchain-based video tracking & payments platform for content owners”, partnered with Theta Labs and announced the launch of the first blockchain-powered video tracking and payments platform using Theta’s infrastructure.

Three days ago, on February 8, Theta Labs, the team behind Theta Network partnered with Freemantle, a television production company. With this partnership, the famous television game show on CBS “The Price is Right” is launching during its 50th season, its first NFT drop.

“The Price is Right” NFT collection will be dropped soon on the ThetaDrop marketplace and will include some of the show’s famous games such as Plinko, Cliff Hangers, and Punch-A-Bunch.

Resorts World Las Vegas and Theta Labs partnered last week to promote its premier brand through utility NFTs on Theta Network.

THETA Price Actions Over the Last 30 Days

Although THETA’s recent rally seems exciting, the cryptocurrency is still down 72.46% from its all-time high around $15 in April 2021.

THETA is the 38 biggest cryptocurrency by market capitalization with $4.1 billion, according to CoinMarketCap. It is trading at $4.13 and is up 13% in the last 24 hours.

THETA found support at $2.30 and it has been on an ascending channel since. The cryptocurrency has recovered the losses from the mid-late January drop. Now is on its resistance zone around $4, as you can see below:

THETA/USD Chart – Source: FXEmpire.

As the crypto market recovers, coins like THETA have recovered much faster than others. Especially this month when Theta ecosystem doesn’t seem to be slowing down and THETA’s fundamentals have been reflected in its price.

Probably, as Web3 adoption increases, coins related to Web3, such as THETA, will perform best, but the real question is whether THETA can keep up with this momentum.

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.

Crypto News Updates: Filecoin (FIL), Theta (THETA), Elrond (EGLD), Bitgert (BRISE) & Helium (HNT)

There are already several cryptocurrencies that are showing huge potential and are worth taking a look at. For the investors in the crypto market, here are crypto projects that are worthy of considering:

Filecoin (FIL)

Filecoin is a cryptocurrency that was launched in 2017 to provide decentralised storage solutions. Considering that humans require safe storage for their most variable data, the team started developing a platform that would allow users full control of their safe storage.

Filecoin provides a platform where users can store their most variable data in a decentralised manner. This simply means there are no third parties that can access the data. The safety and the integrity of the storage are guaranteed, unlike cloud storage. This is what is attracting investors and users to the project.

Over the years, the team has improved the platform with the advancing blockchain technology. There has been the addition of more products on the platform, which increases the project utility. Look at the 2022 roadmap to see why this might be one of the biggest cryptos in 2022.

Theta (THETA)

The demand for video streaming has seen platforms like Youtube grow big within a very short time. But the decentralised of video streaming is what makes Theta one of the biggest cryptocurrencies. The platform is decentralising video streaming by allowing users to share bandwidth and computing resources on a peer-to-peer (P2P) basis.

With video streaming growing big every day, Theta is projected to become one of the biggest cryptocurrencies of 2022. The number of users and content developers that will be joining the platform is predicted to increase significantly in 2022. This will see the demand do the THETA, the native coin, increase.

The team has also revealed an impressive 20222 roadmap that aims to improve the utility and efficiency of the platform. Therefore, this is an ideal investment because of its huge potential to break out in 2022.

Elrond (EGLD)

Founded in 2017, the Elrond project objective was to address the speed problem on the blockchain. With Bitcoin and Ethereum having scaling issues, there was a need to improve speed to accommodate the growing number of crypto users. Elrond team designed a blockchain protocol that increased the number of transactions per second.

Over the years, the team has been working on this platform and has built one of the most powerful blockchain protocols that use sharding technology to address the scaling issues. With growing demand from users, the platform has also added products to the ecosystem to keep the platform intuitive and user friendly.

Elrond is still one of the best blockchain protocols when it comes to transaction speed. The team has also improved the security, gas fee and sustainability making it an ideal investment for 2022.

Bitgert (BRISE)

Bitgert (BRISE) is one of the most talked-about crypto projects in the crypto market today. The token is trending on the major exchanges, including Binance and others. It is currently one of the mooning cryptocurrencies in 2022. But the recent surge in price and the coin market value is development done by the team.

For a project that launched on July 28th 2021, the team has accomplished a lot by launching the staking process. Bitgert is a Defi project that is building a powerful payment system that enables users to transact on a p2p platform.

But the team is developing products that make this project the biggest thing in DeFi. The team is developing a centralised cryptocurrency exchange and a zero gas fee blockchain. These are two products making the project popular.

The Brise exchange is launching in Q1 2022. The gas-free blockchain is in the development stage, and the launch date will be announced soon. In addition to impressive products, the team is doxxing, and the project is registered as a legal entity. Check out more on the Bitgert website.

Helium (HNT)

Helium (HNT) is a unique blockchain protocol built to decentralise the Internet of Things (IoT). The platform launched in 2019 and has been performing very as the adoption of IoT technologies increases. The technology works by the Helium mainnet allowing low-powered wireless devices to communicate with each other as well as send data across the nodes.

The platform is increasingly growing popular as more people invest in IoT devices, and we are likely to see the value of the coin increasing in 2022. The team is blending LoRaWAN and blockchain technologies to provide a platform that caters to even the latest and emerging technologies in IoT.

The Helium team has also released the 2022 road map, which shows how great this project is going to be in 2022. This is why it has been featured on this list.

Do thorough research before investing in any of these cryptocurrencies or any other crypto project. The information herein may not enable the investor to make a solid investment decision. This is why more research is recommended.

Theta Fuel, Post Record Weekly Gains Amid Stalled Rally in the Crypto Market

At the time of writing this report, the digital asset was trading at $0.48 with a daily trading volume of $108 million. Theta Fuel is up 9% for the day. The Crypto asset currently has a market value of about $2.56 billion.

Recent chart patterns reveal Theta fuel uptrend is still on course taking to account its record high buying pressures since the ending February remains intact.

In addition, price patterns further postulate the crypto asset is expected to test the upper resistance levels around $0.54 without drifting lower to support levels pegged around the price band of $0.35

TFUEL is a utility token and also acts as a gas token, on the Theta blockchain functions as a decentralized video and data delivery.

This means that it best described as the lifeline of the Theta blockchain, such as payments to relayers for sharing a video stream, fees associated with transacting nonfungible tokens, and for deploying and interacting with smart contracts.

The company also pointed to the ultra-low transaction fees on its native blockchain and lightning-fast execution as key fundamentals behind its increasing adoption.

“Our proof-of-stake protocol purpose-built for media becomes even more important as the cost of minting and transacting NFTs on Ethereum,” according to Theta Labs.

The digital asset is traded on leading Crypto exchanges like Coinbase and is usually bought indirectly as investors must possess an Ethereum or Tether to trade with it.

Investors are banking on the crypto assets for more return on investments after Google the owners of the world’s most valuable search engine some months ago joined the likes of Gumi Cryptos, Binance, and Blockchain Ventures, as external enterprise validators that propose and confirm new blocks on the Theta blockchain.