There is no denying the fact that Theta is one of the most discussed cryptocurrency projects on the market in 2021, so much so that the Theta token has already carved a niche in the list of the top 10 cryptocurrencies by global market capitalization. , in what seems almost an instant.
In its most basic sense, Theta can be thought of as a decentralized video streaming platform that has been built using a blockchain framework. The platform aims to mitigate many of the problems faced by the traditional video streaming industry by enabling high-quality video content to be broadcast at relatively low cost.
From a more technical point of view, it is worth mentioning that Theta’s video transmission mechanism relies heavily on a distributed network of users who voluntarily contribute their spare computing resources to ensure the smooth operation of the platform. For their efforts, they are rewarded in the form of Theta Fuel (TFuel) tokens.
The US dollar is starting to weaken again, while sellers are driving the US dollar index (DXY) lower, which could strengthen the momentum of Bitcoin (BTC) in the short term.
Alternative assets like Bitcoin and gold are trading against the dollar. Therefore, when the DXY starts to fall, it often causes the price of BTC to rise against the dollar.
The latest episode of ‘Falcon and the Winter Soldier’ includes a huge reward in Bitcoin
BTC / USD (orange) vs. DXY (green). Source: Tradingview The dollar’s share in world reserves is falling rapidly According to Holger Zschaepitz, a market analyst at Welt, the dollar’s share in world reserves is declining rapidly as countries like Russia are pursuing a de-dollarization strategy and opting for the gold.