Cryptocurrencies

Crypto Analysis Report 3-10-19…Theta Is Breaking Out

Blockchain technology will become life-changing and will be deemed as one of the greatest inventions of modern times. We are seeing application solving real world problems right under our eyes and noses.

Theta, a user-powered decentralized video content streaming platform will revolutionizes the way video content is distributed across the Internet.

Video content contributes toward a multibillion-dollar industry, but in spite of understanding its extreme importance, the existing distribution of network infrastructure that provides support to video content is not immune from the critical flaws, causing a major disruption in the proper operation of video content industry.

Due to this flawed architecture, problems like low-resolution content, poor loading times and high delivery costs arise and ultimately lead to limited revenue flow to video content creators.

And once there is increased resolution of video content when the development of high definition video content or VR content begins, these issues start getting worsen.

However, the Theta platform allows creating decentralized app layers that have specific functions like peer-to-peer streaming, education, live sports broadcasts, conferencing, movies and television and more.

Source

According to Cisco, every second, a million minutes (17,000 hours) of video content will cross global IP networks by 2021. Below is a graph to put the growth of video on the web into perspective.

Source

On the weekly chart, Theta formed demand at $0.085 and this past week, took out the pivot high that was established in November.

The chart suggest to go long Theta if price pulls back to the daily demand at $0.12 with a target at the daily supply at $0.24.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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