Theta Fuel now a 650-bagger as rest of crypto market stagnates
Link copied to
Theta Fuel has become just the third top 100 cryptocurrency to set an all-time high since the May 19 liquidation escape, surging as nearly every other crypto sinks.
Just before noon Sydney time, TFUEL was up 15.1 per cent to US59.88c, and had earlier this morning hit an all-time peak of US64.7c.
— ThetaDiamond (@ThetaDiamond) June 4, 2021
The TFUEL token is gaining ahead of the launch of version 3.0 of the Theta mainnet on June 30. TFUEL powers a decentralised video streaming platform, Theta.tv, in which content creators earn tokens for attracting an audience.
Renown Hollywood talent and sports agency Creative Artists Agency last month joined Google, Samsung and Sony as an external validator on the network.
TFUEL is up 66 per cent in the past week, 122 per cent in the last fortnight and 54 per cent in the past 30 days, according to Coingecko.
It’s up a mind-boggling 678-fold its all-time low, set on 13 March 2020, when you could have bought 1,100 TFUEL tokens for US$1.
But a sister coin, Theta Network (THETA), hasn’t joined in the rally lately. It was down 5.5 per cent in the past 24 hours to US$8.47 at lunchtime (although it is still up 11 per cent in the past seven days, a week in which most coins have declined).
Celsius Network and Helium are the other top 100 tokens to set all-time highs since the crash three weeks ago.
Solana was the second-biggest gainer, up 3.8 per cent to US$40.27. Seven other top 100 tokens were up marginally and the rest were flat or down.
Dfinity’s Internet Computer token was the biggest loser, falling 16.2 per cent to US$78.17.
BakerySwap was close behind, dropping 13.6 per cent to US$2.84.
Bitcoin was changing hands for US$32,685, about the same as yesterday.
Ethereum was down 6.3 per cent to US2,437.
Dogecoin was down 7.1 per cent to US31.5c.