As Theta Network Continues to Struggle, Could It Fall Under $1
The sub-$1 mark is going to be an opportunity for investors to get Theta Network (THETA) tokens at a record low price, if they fall below that level. Theta has been having a hard time staying above $1 lately and is currently sitting at $1.14 (THETA/USD) with an increase of 4.49% today.
Theta’s Recent Struggles
Cryptocurrency token Theta Network keeps on falling from week to week, having difficulty holding on to any gains it makes. Looking at its progress over the last month, it’s obvious that Theta is way down, having fallen from $2.82 about a month ago. Over the last couple weeks, its downward spiral has slowed down, but it is still not making any progress back up towards the $2 mark.
Theta has been up and down this week, but overall it has demonstrated a bearish trend that just isn’t letting up.
Where Is the Theta Rate Going to?
Theta is not likely to see the positive side of the $2 mark anytime soon, and it looks like it is going to have trouble getting past $1.50. Unless there’s a major turn in the economy and inflation improves or Bitcoin skyrockets, we don’t expect to see Theta enjoy a bearish trend for very long. Any gains it makes, it loses quickly, and it has been heading downward for most of the year.
Theta started off the year at about $4.88, a long way off from where it is now. It has not seen the $4 level in a long time, and things are not looking bright for this once promising crypto token. We advised several times last year that investors give Theta a shot, as it was pulling in numbers higher than it ever had, but it looks like a crypto to be wary of now, and we would express skepticism at anyone who says it will move by past $4 by the end of the year.
If Theta falls below $1, it may be a good time to invest in it. That’s when a lot of people will probably give it a shot in hopes the tit will rebound and make them some money. Other than waiting to jump at a low rate, though, we do not see much investment opportunity in this crypto and would advise caution to anyone hoping to make a tidy profit off of it.
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