Crypto markets rally; THETA now a top 20 token with 125-fold gains (!!!) in 12 months

Coinhead Derek Rose
Theta cryptocurrency

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Here’s hoping you bought that mother-freakin’ dip.

Cryptocurrency markets are surging today, with 82 of the top 100 crypt-assets gaining ground in the 24 hours to 3.16pm AEDT, and just 15 losing it, all modestly, according to Coingecko.

Bitcoin was up 6.5 per cent to $US53,724 ($70,000), Ethereum had gained 6.6 per cent to $US1,830 ($2,400), and unbridled enthusiasm had returned to Crypto Twitter.

Sports coin Chiliz (CHZ) was the best-performing top 100 asset in the past 24 hours, up an astonishing 73.2 per cent to US23.7c at 3.23pm AEDT. Four hours earlier, it had hit an all-time high of US25c, after beginning the month around US5c and the year at about US2.5c.

Your humble scribe’s former flatmate called it:

The worst-performing asset was Voyager Token, down 4.7 per cent to $US5.60. The ERC-20 token is used to reward users within the Voyager ecoystem.

Seven other top 100 crypto-coins had hit all-time highs in the past four hours: Decentraland (MANA); Reserve Rights Token; SwissBorg; Enjin Coin — again! — Terra (LUNA); VeChain; and Theta Network (Theta).

At 3.41pm, Enjin was up 5.7 per cent to $US1.84, having reached $US1.94 around lunchtime. The gaming token is now ranked No. 52 on Coingecko.

THETA cracks top 20

THETA, a blockchain-powered network for video streaming, is now ranked as the 18th-most-valuable token on Coinmarketcap, up from the 25th spot at the start of the month. The project has a nominal market cap of $US5 billion.

THETA was changing hands at $US5.12 — up 15.6 per cent in the past 24 hours and a mind-boggling 126-fold from US4c, the value it dipped to a year ago this week.

Around 2pm, it hit an all-time high of US$5.14.

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