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Theta Network price has risen 9% in the last 24 hours to trade at $1.04 starting at 8:40 am EST.
THETA is now up 50% over the month after the community witnessed a couple of airdrops in recent weeks that significantly supported the price increase.
Dear @Theta_Network and @LavitaAI community,
We are excited to announce that the $ WASHED Airdrop is currently being distributed to Theta validators/keepers!
We sincerely appreciate your continued support and for being an integral part of our journey.#Airdrop
— Lavita.ai (@LavitaAI) November 15, 2023
Theta Network Price Prediction
Looking at 1 hour THETA/USDT graphics, the Relative Strength Index indicator is now bearish as it breaks out of the overbought region, showing increasing selling pressure. The MACD indicator is also advancing towards the red zone. This points to a short-term bearish outlook, as holders could be looking to capitalize on the gains made.
Theta Network price is volatile, as evidenced by the Bollinger Bands moving far apart.
This shows bearish momentum in Theta Network price as resistance is felt at $1.06.
Meanwhile, as the price of Theta Network appears to fall in the near term, the new bitcoin ETF token presale It’s not slowing down. It has now raised more than $2 million.
Theta Network Price Prediction: Is bitcoin ETF Token a Better Alternative to THETA?
The recently introduced bitcoin ETF Token (BTCETF) is strategically aligning itself with the impending success of the bitcoin Spot ETF. As major players like Blackrock and Grayscale generate buzz, BTCETF is taking the opportunity to ride the crypto wave.
BTCETF Presalewhich has accumulated more than 2 million dollars, is positioned as the exclusive entry point for enthusiasts looking to take advantage of the current cryptographic fever.
BTCETF introduces a unique deflationary mechanism closely linked to the bitcoin Spot ETF approval process. Token burning, triggered by critical milestones, creates scarcity, potentially increasing the value of the token.
The project roadmap outlines five key goals, with 5% of the token supply intentionally burned upon reaching each milestone. This mechanism positions the future price of BTCETF at a competitive advantage over the price of Theta Network.
Transaction tax dynamics for long-term holder benefits
Initially implementing a 5% transaction tax, BTCETF’s dynamic approach gradually reduces this tax by 1% for each ETF milestone reached. Ultimately, the tax decreases to 0% upon completion of all objectives, rewarding early backers and aligning perfectly with the project’s deflationary strategy.
With just over a day left for the next phase, the token is priced at $0.006 before its price rises.
As the crypto community eagerly anticipates progress in the bitcoin spot ETF space, BTCETF Presale is gaining momentum. Potential buyers can participate in the pre-sale through the project website, which accepts payments in eth, BNB, USDT, and bank cards.
With pre-sales in full swing and prices set to rise shortly, now is the opportune time to be a part of the BTCETF story and potentially benefit from the changing crypto landscape. With Theta Network price looking to correct itself, BTCETF could be your preferred investment.
Get your BTCETF here.
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