Recent developments in the cryptocurrency world have also hit Theta Network, one of the leading altcoins. Theta Network has lost 0.5 percent in the last 24 hours, according to CoinGecko data.
Although Theta Network is currently trading at $ 0.7, it made its ATH at $ 14 in 2021.
Theta Network (THETA) Long Term Price Predictions
Theta (THETA) can be defined as a Blockchain powered network designed for streaming. Launched in March 2019, Theta mainnet operates as a decentralized network that combines user-supplied bandwidth and computing power on a peer-to-peer (P2P) platform.
THETA price prediction is based on expert opinions, technical analysis and previous movements.
If we look at the instant view of THETA, we can see that it has gone through a long decline period and then continues in a horizontal course. THETA is currently reacting from the $0.71 support. The first rise on the THETA side can also take us to the $ 46 band.
Considering the current outlook, it does not make much sense for analysts and experts to make high valuations for THETA at the end of the year. The inflationary situation in the world and the interest rate hikes in the countries have a negative impact on THETA’s price.
The estimated maximum value for THETA by the end of 2022 is $ 0.79, while the minimum value is estimated at $ 0.7. In 2023, this situation is $1.11, while the maximum is $1.29. When we look at 2024, we see a price forecast ranging from $1.67 to $1.93. When we look at when THETA reaches its ATH, the predictions point to the year 2030. In 2030, THETA has an estimated minimum value of $15.94 and a maximum value of $18.82. If we take a look at 2031, the last year of the analysis, we see that THETA’s highest appraised value is in the $28.03 band.
Of course, it is also useful to note that these analyzes and estimates are made only by considering the current outlook. Of course, it is difficult to predict what will happen about crypto money and Blockchain in the future. These analyzes are based on opinions and past movements of cryptocurrencies to shed light on the current outlook.