THETA, the original token of Theta Network, a blockchain-based decentralized video delivery network, entered the top 10 cryptocurrencies by market value.
According to data from CoinGecko, THETA on Tuesday surpassed LINK Chainlink as the 10th largest cryptocurrency by market value with almost 11.5 billion dollars. LINK has a market capitalization of $ 11.2 billion at the time of publication.
THETA has seen explosive gains recently, achieving 70% in the last seven days and setting new heights. According to CoinGecko, the token is trading at $ 11.80, up 17% in the last 24 hours at the time of publication. The currency has shown steady growth in 2021, and even surpasses Bitcoin (BTC) by the end of 2020.
THETA’s entry into the top 10 by market value came shortly after Bitcoin Cash (BCH) flew out of the top 10 in early March.
THETA is reaching new heights shortly after Theta Labs received its second patent for blockchain-based decentralized video projects and released data from the US Patent and Trademark Office on March 16. The Theta 2.2.0 source code is on GitHub.
As Cointelegraph previously reported, Theta Network is actively developing its verification program, attracting partnerships with Fortune Global 500 companies such as Google, Samsung and Sony, as well as major industrial companies such as Binance, Blockchain.com and Gumi. Theta Labs was founded in 2017 as a subsidiary of the virtual reality streaming company Sliver.tv.