Theta Fuel Price Hits $0.10 on Top Exchanges (TFUEL)

Theta Fuel (TFUEL) traded up 2.7% against the U.S. dollar during the 1-day period ending at 8:00 AM ET on May 10th. Theta Fuel has a market capitalization of $554.47 million and approximately $46.00 million worth of Theta Fuel was traded on exchanges in the last 24 hours. Over the last week, Theta Fuel has traded down 22% against the U.S. dollar. One Theta Fuel coin can now be bought for approximately $0.10 or 0.00000327 BTC on exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

  • Avalanche (AVAX) traded up 0% against the dollar and now trades at $49.55 or 0.00154678 BTC.
  • NEAR Protocol (NEAR) traded down 5.4% against the dollar and now trades at $10.60 or 0.00033089 BTC.
  • Cronos (CRO) traded up 0.3% against the dollar and now trades at $0.24 or 0.00000741 BTC.
  • Algorand (ALGO) traded down 1.1% against the dollar and now trades at $0.65 or 0.00002032 BTC.
  • Elrond (EGLD) traded 6% higher against the dollar and now trades at $115.47 or 0.00360467 BTC.
  • Hedera (HBAR) traded down 0% against the dollar and now trades at $0.12 or 0.00000378 BTC.
  • Helium (HNT) traded 2.1% higher against the dollar and now trades at $12.98 or 0.00040534 BTC.
  • Kava (KAVA) traded down 5.9% against the dollar and now trades at $2.96 or 0.00009230 BTC.
  • Kava.io (KAVA) traded flat against the dollar and now trades at $5.62 or 0.00012724 BTC.
  • Divi (DIVI) traded down 11.8% against the dollar and now trades at $0.0489 or 0.00000153 BTC.

About Theta Fuel

Theta Fuel (CRYPTO:TFUEL) uses the hashing algorithm. It was first traded on March 15th, 2019. Theta Fuel’s total supply is 5,301,214,400 coins. Theta Fuel’s official message board is medium.com/theta-network/theta-fuel-the-operational-token-of-the-theta-network-2f6823e2182e. The Reddit community for Theta Fuel is /r/theta_network and the currency’s Github account can be viewed here. Theta Fuel’s official Twitter account is @Theta_Network and its Facebook page is accessible here. Theta Fuel’s official website is www.thetatoken.org.

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 presently possible to purchase alternative cryptocurrencies such as Theta Fuel directly using U.S. dollars. Investors seeking to trade Theta Fuel should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Theta Fuel using one of the aforementioned exchanges.

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