- During the last 24 hours, THETA has risen by double digits.
- The profits are due to a general upswing in the bitcoin market.
Resorts World Las Vegas has also recently utilised the Theta network to construct an NFT.
The bitcoin market was in a bullish mood heading into the weekend. As purchasers hurry to record profits, the majority, if not all, of the top 50 coins are in the green zone. THETA/USD, the Theta Network’s native coin, has not been spared from the slump. The token has made significant double-digit gains in the last 24 hours.
THETA has gained 14.9 percent in the last 24 hours, and is currently trading at $3.31.
THETA is planning a $4 million investment.
THETA has broken out and pushed beyond $3 thanks to the upswing that has been in place for the past 24 hours. THETA was trading at $2.83 prior to the rise, and the gains have helped it to break through to $3.30.
The next big hurdle for this coin is $3.42, and the rise might continue to $3.83 if buyers continue to offer support. Such highs, however, will be contingent on how long the current bullish flag remains in place.
THETA’s next big price target is $4. The token was last traded at this price on January 21, and once the bulls break beyond $3.83, this could be the next objective.
A price drop is also on the horizon. THETA might fall to $3.10 if the market retraces to its previous lows. The downturn will continue till $2.75 if it falls below this level. Short-term traders are taking advantage of the market’s volatility to book profits; as a result, if the market takes a little dip, THETA’s downtrend could begin.
Resorts World Las Vegas has partnered with Theta Network.
Theta Network’s developments are pointing to a bullish rise. Theta Network and Resorts World Las Vegas just announced their NFT cooperation. Non-fungible tokens (NFTs) are being considered for inclusion in the resort’s services. The NFTs will be used offline and will provide holders with tangible benefits.
The agreement also aims to improve the blockchain network’s reputation. Digital advertisements highlighting the Theta network will be broadcast throughout the casino and nightclub as part of this agreement. In terms of usage and token value, this might signal the start of a bullish trend for Theta.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.