Theta Fuel (CURRENCY:TFUEL) traded 13.4% lower against the dollar during the twenty-four hour period ending at 13:00 PM E.T. on May 4th. One Theta Fuel coin can currently be bought for about $0.33 or 0.00000612 BTC on exchanges. In the last seven days, Theta Fuel has traded up 4.2% against the dollar. Theta Fuel has a market capitalization of $1.74 billion and approximately $57.27 million worth of Theta Fuel was traded on exchanges in the last day.
Here’s how related cryptocurrencies have performed in the last day:
- Avalanche (AVAX) traded 7.9% lower against the dollar and now trades at $31.26 or 0.00057773 BTC.
- Algorand (ALGO) traded down 9% against the dollar and now trades at $1.32 or 0.00002444 BTC.
- Elrond (EGLD) traded down 6.2% against the dollar and now trades at $181.33 or 0.00335072 BTC.
- NEAR Protocol (NEAR) traded 11.2% lower against the dollar and now trades at $4.92 or 0.00009089 BTC.
- Helium (HNT) traded down 9.3% against the dollar and now trades at $16.99 or 0.00031403 BTC.
- Ardor (ARDR) traded 11.8% lower against the dollar and now trades at $0.35 or 0.00000651 BTC.
- Kava.io (KAVA) traded 11.3% lower against the dollar and now trades at $5.80 or 0.00010710 BTC.
- Wanchain (WAN) traded 11.8% lower against the dollar and now trades at $1.59 or 0.00002947 BTC.
- Divi (DIVI) traded 1.5% lower against the dollar and now trades at $0.0659 or 0.00000122 BTC.
- Energi (NRG) traded down 12.7% against the dollar and now trades at $3.20 or 0.00005913 BTC.
Theta Fuel Coin Profile
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 revenues “
Buying and Selling Theta Fuel
It is usually not possible to buy alternative cryptocurrencies such as Theta Fuel directly using U.S. dollars. Investors seeking to acquire Theta Fuel should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Theta Fuel using one of the aforementioned exchanges.
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