Theta Fuel Price Up by 31.47% – Time to Buy TFUEL Coin?

• ThetaFuel to break Bearish streak with 31.47% price Hike in 24 hours, moving investors to buy TFUEL
• FUSE TV To Launch New NFTs with Theta partnership
• TDROP Token Launch on Theta Network

At press time, Theta fuel is trading at $0.1728, a 31.47% increase in the last day. The digital asset’s 24-hour trading volume is indicative of this price increase, with an impressive 884.74% increase in the past 24 hours. This stellar performance is a key motivator for investors to buy TFUEL.

Theta Fuel (TFUEL) is one of the Theta blockchain’s two native coins. TFUEL is the second token on the Theta blockchain that operates as a utility token and a gas token in decentralised video and data distribution.

The asset is used to power everything on the Theta blockchain, including payments for sharing a video stream, smart contract deployment and interaction, and fees for trading NTFs and DeFi applications.

Fuse TV Partners with Theta

On Tuesday, 25th January, Fuse TV announced on Twitter that it was teaming with Theta Network to produce a new series of non-fungible tokens (NFTs). Following statements from Theta’s management team, it appeared that much larger cooperation was in the works as well.

This recent collaboration with Theta is to launch a series of NFTs starring Amara La Negra, a singer and talk show host. In connection with the announcement, Theta co-founder and CEO Mitch Liu tweeted that he was looking forward to a broad relationship with Fuse TV “across NFTs, ThetaPass, video media, entertainment, etc.

Fuse continues to expand ThetaDrop’s roster of media and entertainment personalities who only release NFTs on the Theta Network.

Building their NFTs on the Theta NFT smart contract platform, incorporating exclusive NFT drops as part of the live experience for movies and shows across multiple seasons, utilising Theta P2P infrastructure to incentivise viewers with TFUEL, and introducing a fan reward and engagement program are just some highlights of these marquee brand partnerships.

These factors come together to produce the Theta Ecosystem, which adds value to the media and entertainment industry while also establishing Theta as the top blockchain for media and entertainment.

Fuse Media is a multi-platform entertainment media company that produces inspirational music and cultural content and experiences for millennial and Generation Z audiences. Fuse does this through its linear and video-on-demand channels (Fuse and FM).

TDROP Token Launches on The Theta Network

TDROP is intended to be an application-level currency for ThetaDrop, a Theta blockchain-based decentralised application (DApp).

However, TDROP is meant to be used with THETA and TFUEL tokens to encourage on-chain transaction volumes and blockchain security. TDROP will not conflict with or replace any existing THETA or TFUEL applications.

TDROP token distribution to Theta stakers will begin on February 1st, just in time for the launch.

TDROP is a new TNT-20 coin that pays NFT liquidity mining, enables decentralised governance via TDROP staking, and compensates Theta validators and guardians. It is developed natively on the Theta blockchain.

The digital asset is critical to increasing ThetaDrop marketplace activity and volume. The asset also comes with numerous perks, such as TDROP staking, governance, and VIP perks on the ThetaDrop platform.

TDROP distribution will commence on February 1st, as anticipated. Every THETA holder who invested between August 1st 2021, and January 15th 2022, will receive a proportional share of the 1.33 billion TDROP originally allocated to stakers on that day.

Each quarterly TDROP airdrop after that will be dependent on stakers’ balances from the previous quarter. To put it another way, each distribution only considers the most recent time when determining your proportional share of the airdrop. This new development will motivate investors to buy TFUEL.

TFUEL Price Analysis: Goodbye to the bears?

TFUEL is currently trading below the 50-day Simple Moving Average (SMA) support price peg of $0.1886. The asset is also trading below its 100-day SMA support price value of $0.2717.

While these indicators signal the bearish nature of the digital asset, the asset is set for a bullish run as TFUEL currently is trading above the 20-day moving average set at $0.1652. Therefore, investors who wish to make profits with the market rise can buy TFUEL before the asset prices increase.

The digital asset is currently in the underbought market with a Relative strength value of 50.10. This is reflected by the moving average convergence and divergence indicator with the orange line in the lead, depicting a sell signal.

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