THETA, the native coin of the Theta Network, is the biggest gainer of this week as it has outperformed big coins bitcoin, ether, and BNB. In the last week, as per LunarCrush data, THETA rallied 495%.
Exciting things have been happening in the Theta Network. Last week, Theta Labs partnered with Resorts World Las Vegas to promote its premier brand through utility NFTs on the network. On February 8, Theta Labs collaborated with Freemantle. CBS game show The Price is Right is set to launch its 50th season – its first NFT drop through the partnership. The Price is Right NFT collection will be dropped on the ThetaDrop marketplace. It will include some of the show’s renowned games such as Cliff Hangers, Plinko, and Punch-A-Bunch.
Moreover, Theta Labs partnered with a blockchain-based video tracking and payments platform for content owners – Replay. This partnership has given rise to the first blockchain-powered video tracking and payments platform using the Theta infrastructure.
With a market capitalization of $4.1 billion, THETA is the 38th biggest cryptocurrency. It is trading, as per CoinMarketCap, at $4.08 and is up by 7.57% in the past 24-hours. And in the past seven days, THETA has been up 41.50%. Analysts believe the altcoin has recovered from its losses from mid-late January.
The Theta ecosystem is in the mood to slow down yet and its fundamentals have been reflected in the coin’s price.