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Trading cryptocurrencies has become a great way of generating money on the internet. If you have been keen on crypto news, you are likely to have heard of Theta Fuel.

The Tfuel price has been growing significantly as the coin has some great benefits to app developers and content creators. Before you invest in this coin, you should understand what it is and how it works.

Also, it is important to know its market capitalization as this will determine whether or not it is a safe investment option. In this guide, we will cover all these topics and will recommend a great platform for trading signals.

What is Theta Fuel?

Theta Fuel is an operational token of the Theta protocol, and it is used in addition to the Theta Token. This altcoin is used to power on-chain operations like the interaction of smart contracts. It also enables the development of videos on the Theta protocol.

This altcoin gained fame when it increased in value by 630% from May 20th to May 25th. With this new price, the coin would trade at $0.019, but it would later fall to $0.01622.

As of 17th November 2021, the coin is trading at a price of $0.3085, which is a major increase from its May peak. It is ranked as the 81st most important cryptocurrency and has a market dominance of 0.6%.

The market cap of Theta Fuel is $1,634,468,418, and this makes it a relatively safe investment option.

What is Theta Fuel used for?

Theta Fuel is used as a utility token on the Theta protocol. The main purpose of this altcoin is to decentralize video streaming. This way, content creators are able to enjoy better earnings and greater freedom to create content that they like.

At the same time, viewers will be rewarded with better streaming quality. Video streaming platforms can also benefit from this altcoin in that they will save money on the building infrastructure of their services.

Creators and video platforms will both increase their revenue with Theta Fuel since users will be incentivized to share the content. Whenever they watch and share the content, they will receive rewards in the form of Theta Fuel.

Aside from these uses, the altcoin can be used to pay individuals for deploying and interacting with smart contracts. When transacting NFTs on this network, the fees can also be made using Theta Fuel. Individuals can also use the altcoin to pay fees for transacting DeFi applications.

Theta vs Theta Fuel

Theta coin is used as the governance token of the network, and that means individuals who own large sums of this token have a say in the changes that should be made to the business. On the other hand, Theta Fuel is used as the operational cryptocurrency of the network, and it powers all Theta operations.

It is also worth noting that Theta token has a maximum supply of 1 billion tokens, and this creates scarcity and value. Theta Fuel doesn’t have a maximum supply, so a lot more of this altcoin can and will be created in the future.

You should note that investors are allowed to stake their Theta tokens and receive Theta Fuel, thus increasing their earnings even more.

Is Theta Fuel a good investment?

There are many factors that make Theta fuel a good investment, and here are some of them:

• Theta network has useful applications in the real world, and its operations have to be powered by Theta fuel. For this reason, Theta fuel coin is likely to keep going up.
• Content creators, viewers, and platform developers are all incentivized to use the Theta network as it offers better benefits than traditional streaming platforms.
• Theta has partnered with many big companies, including NASA and Lionsgate, and this helps to inspire confidence in other investors. Other big names involved in this project are Samsung and Venture Reality Fund.

TFuel Price Prediction on Wallet Investor

Wallet Investor has made the following predictions on the TFuel price:

• In January 2022, the TFuel coin price will range from $0.3030 to $0.456.
• At the end of 2022, the price of the altcoin will be around $0.7059.
• At the end of January 2023, the TFuel price will have risen slightly too $0.720.
• The price will go up steadily throughout the year and on the 9th of November, it will cross the $1 mark.
• By the end of 2023, the coin will be trading at a price of $1.038.
• In the beginning of 2024, the price of the altcoin will have risen slightly to $1.054.
• At the end of 2024, the TFuel coin price will be around $1.372.
• In January 2025, this altcoin will be selling at a price of $1.389, and by the end of the year, it will be trading at a price of $1.706.
• According to Wallet Investor, Theta Fuel will first cross the $2 mark on the 7th of November 2026.

TFuel Price Prediction According to Crypto Newsz

Crypto Newsz also makes predictions on the Tfuel coin price, and here is a summary of the forecasts:

• In 2022, the TFuel price will have gone up to around $0.70.
• In 2023, the price of the altcoin will rise further to $0.82.
• Crypto Newsz predicts that the price will cross the $1 mark in 2024.
• With increased interest from investors the Tfuel price is likely to go up to about $1.5.

Which Wallets Can I Use to Store Theta Fuel?

If you are interested in buying Theta Fuel, you will first have to sign up on a crypto exchange. On these exchanges, you will be able to exchange fiat currencies or cryptocurrencies for Theta Fuel. After buying the coins, you will need to store them in a secure crypto wallet.

You should note that crypto wallets can either be hardware wallets or software wallets. Software wallets are simply programs that will hold your coins on the internet, while hardware wallets are offline. Here are some of the best wallets you can use to store your Theta Fuel coins:

• Ledger Wallet- This is a hardware wallet that supports a wide range of cryptocurrencies, including Theta Fuel. It has been certified by the French cyber security agency ANSSI.
• Trazor Wallet- This is also a hardware wallet, and it allows users to transfer their coins without having to go through potentially dangerous devices.

Should You Buy Theta Fuel?

Theta is backed by some of the biggest individuals and companies in tech, so this altcoin is likely to grow in value over the next few years. The coin can be purchased on various crypto exchanges, including Binance and Mandala Exchange.

Once you purchase the coins, you can add them to a secure Theta wallet, and this can be a software or hardware wallet. If you are planning to trade the cryptocurrency, you should sign up at XOSignals, where you will be able to get free signals to buy and sell the altcoin.