THETA, the native token of the Theta Community — a decentralized blockchain-based video supply community — has entered the highest 10 cryptocurrencies by market capitalization.
On Tuesday, THETA overtook Chainlink’s LINK because the tenth largest cryptocurrency by market cap at practically $11.5 billion, based on information from CoinGecko. At publishing time, LINK’s market cap amounte to $11.2 billion.
THETA has seen large progress not too long ago, gaining 70% over the previous seven days and hitting new historic highs. The token is buying and selling at $11.80, up 17% over the previous 24 hours as of publishing time, based on information from CoinGecko. The coin has seen constant progress in 2021, even outperforming Bitcoin’s (BTC) late-2020 rally.
THETA 90-day chart. Supply: CoinGecko
THETA’s entrance to the highest 10 cash by market cap comes quickly after main altcoin Bitcoin Money (BCH) dropped off the highest 10 listing in early March.
The brand 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 USA Patent and Trademark Workplace on March 16. Earlier in March, Theta Labs launched an open-source code for the Theta protocol model 2.2.0 on its GitHub.
As beforehand reported by Cointelegraph, the Theta Community has been actively rising its validator program, attracting collaboration with Fortune International 500 companies like Google, Samsung and Sony, in addition to main business companies like Binance, Blockchain.com and Gumi. Theta Labs was based in 2017 as a subsidiary of digital actuality livestreaming firm Sliver.television.