Over the week, the price of the Theta project token called Theta Fuel rose by more than 700%, from $ 0.002 to its current mark of $ 0.016. Today, May 25, the altcoin exchange rate set a historic high of $ 0.025. The daily trading volume of the coin increased by 51% and reached $ 272 million, at the moment it is at 84 positions in the rating of cryptocurrencies by capitalization.
Another cryptocurrency of the project also showed an increase in value. Over the same period, Theta token has risen in price by almost 100% and is now trading at around $ 0.36. The daily trading volume of coins increased by 80%, to $ 110 million, a place in the ranking by capitalization – 30.
The main driver of the tokens price growth may be the launch of the Theta main network, which will be held on May 27. In addition, Theta.tv will soon be available on the Samsung Daily platform on Galaxy mobile devices. Also, the announcement of the Binance exchange could help the rise in price of the coin. The company said on its official website that it would support the Theta blockchain update. In this regard, the replenishment and withdrawal of both altcoins will become temporarily unavailable on May 27.
On May 21, the I / O Coin token went up by 5800%, which allowed it to get to the 223 line in the cryptocurrency rating by capitalization. However, the exact reason for the rise in price of the coin is unknown. The project team did not announce any significant update or advancement.