Theta Network’s token enters top-10 cryptos by market capitalization

THETA, the native token of the Theta Network — a decentralized blockchain-based video supply community — has entered the highest 10 cryptocurrencies by market capitalization.

On March 23, THETA overtook Chainlink (LINK) because the 10th largest cryptocurrency by market capitalization at practically .

5 billion, based on data from CoinGecko. At publishing time, LINK’s market cap quantities to $11.2 billion.

Source: CoinGecko

THETA has seen propelled growth not too long ago, gaining 70% over the previous seven days and hitting new historical highs. The token is buying and selling at $11.80, up 17% over the previous 24 hours at publishing time, based on information from CoinGecko. The coin has seen consistent growth in 2021, even outperforming Bitcoin’s (BTC) late-2020 rally.

THETA 90-day chart. Source: CoinGecko

THETA’s entrance to the highest 10 cash by market cap comes quickly after main altcoin Bitcoin Cash (BCH) dropped off the highest 10 record in early March 2021.

The new all-time highs for THETA come shortly after Theta Labs secured its second patent on designs for decentralized blockchain-based video and information supply from the United States Patent and Trademark Office on March 16. Earlier in March, Theta Labs released an open-source code for the Theta model 2.2.Zero on Theta GitHub.

As beforehand reported by Cointelegraph, the Theta Network has been actively growing its validator program, attracting collaboration with Global 500 corporations like Google, Samsung and Sony, in addition to main trade corporations like Binance, and Gumi. Theta Labs was based in 2017 as a subsidiary of digital actuality live-streaming firm Sliver.television.