Theta Fuel (TFUEL) 24 Hour Volume Reaches $76.45 Million

Theta Fuel (TFUEL) traded down 15.1% against the dollar during the twenty-four hour period ending at 13:00 PM E.T. on January 13th. Theta Fuel has a total market cap of $447.62 million and approximately $76.45 million worth of Theta Fuel was traded on exchanges in the last day. In the last seven days, Theta Fuel has traded down 7.8% against the dollar. One Theta Fuel coin can currently be bought for approximately $0.0657 or 0.00000072 BTC on popular exchanges.

Here is how related cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 10% lower against the dollar and now trades at $33.48 or 0.00036542 BTC.
• Hedera (HBAR) traded 6.7% lower against the dollar and now trades at $0.27 or 0.00000290 BTC.
• NEAR Protocol (NEAR) traded 10.2% lower against the dollar and now trades at $4.54 or 0.00004953 BTC.
• Internet Computer (ICP) traded down 8.2% against the dollar and now trades at $9.55 or 0.00010424 BTC.
• Cronos (CRO) traded down 8.4% against the dollar and now trades at $0.13 or 0.00000140 BTC.
• Fetch.ai (FET) traded down 10% against the dollar and now trades at $1.18 or 0.00001293 BTC.
• Algorand (ALGO) traded 8.3% lower against the dollar and now trades at $0.34 or 0.00000367 BTC.
• Cosmos (ATOM) traded 7.2% lower against the dollar and now trades at $6.07 or 0.00006623 BTC.
• Akash Network (AKT) traded down 11.1% against the dollar and now trades at $2.73 or 0.00002969 BTC.
• Kava (KAVA) traded 12.5% lower against the dollar and now trades at $0.43 or 0.00000472 BTC.

Theta Fuel Profile

Theta Fuel (CRYPTO:TFUEL) uses the hashing algorithm. It was first traded on March 15th, 2019. Theta Fuel’s total supply is 6,809,557,938 coins. The official website for Theta Fuel is www.thetatoken.org. Theta Fuel’s official Twitter account is @theta_network and its Facebook page is accessible here. 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 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.”

Theta Fuel Coin Trading

It is usually not presently 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Theta Fuel using one of the exchanges listed above.

TFUEL/USD price chart by TradingView