Theta Network’s token enters top-10 cryptos by market capitalization

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THETA, the native token of the Theta Community — a decentralized blockchain-based video supply community — has entered the highest 10 cryptocurrencies by market capitalization.

On March 23, THETA overtook Chainlink (LINK) because the tenth greatest cryptocurrency by market capitalization at almost $11.5 billion, in response to data from CoinGecko. At publishing time, LINK’s market cap quantities to $11.2 billion.

Supply: CoinGecko

THETA has seen propelled growth just lately, gaining 70% over the previous seven days and hitting new historical highs. The token is buying and selling at $11.80, up 17% over the previous 24 hours at publishing time, in response to knowledge from CoinGecko. The coin has seen consistent growth in 2021, even outperforming Bitcoin’s (BTC) late-2020 rally.

THETA 90-day chart. Supply: CoinGecko

THETA’s entrance to the highest 10 cash by market cap comes quickly after main altcoin Bitcoin Money (BCH) dropped off the highest 10 listing in early March 2021.

The brand new all-time highs for THETA come shortly after Theta Labs secured its second patent on designs for decentralized blockchain-based video and knowledge supply from america Patent and Trademark Workplace on March 16. Earlier in March, Theta Labs released an open-source code for the Theta model 2.2.0 on Theta GitHub.

As beforehand reported by Cointelegraph, the Theta Community has been actively growing its validator program, attracting collaboration with International 500 corporations like Google, Samsung and Sony, in addition to main trade corporations like Binance, Blockchain.com and Gumi. Theta Labs was based in 2017 as a subsidiary of digital actuality live-streaming firm Sliver.television.