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The Theta Network price has jumped 9% in the last 24 hours to trade at $1.04 as of 8:40 a.m. EST.
THETA is now up 50% for the month after the community witnessed a couple of airdrops in the past few weeks that significantly underpinned the price jump.
Dear @Theta_Network and @LavitaAI community,
We are excited to announce that the $LAVITA airdrop is currently being distributed to Theta validators/guardians!🎁
We sincerely appreciate your ongoing support and for being an integral part of our journey.#Airdrop
— Lavita.AI (@LavitaAI) November 15, 2023
Theta Network Price Prediction
Looking at the 1-hour THETA/USDT charts, the Relative Strength Index indicator is now downward as it exits the overbought region, showing mounting selling pressure. The MACD indicator also moves towards the red zone. This points towards a bearish short term as holders could be looking to capitalize on profits made.
The Theta Network price is volatile, as shown by the Bollinger Bands, which are moving wide apart.
This shows bearish momentum on the Theta Network price as resistance is felt at $1.06.
Meanwhile, as the Theta Network price looks to drop in the short term, the new Bitcoin ETF Token presale is not slowing down. It has now raised over $2 million.
Theta Network Price Prediction: Is The Bitcoin ETF Token A Better Alternative to THETA?
The newly introduced Bitcoin ETF Token (BTCETF) is aligning itself strategically with the impending success of the spot Bitcoin ETF. As major players like Blackrock and Grayscale generate excitement, BTCETF seizes the opportunity to ride the crypto wave.
BTCETF’s presale, amassing over $2 million, positions itself as the exclusive entry point for enthusiasts seeking to capitalize on the current crypto fever.
BTCETF introduces a unique deflationary mechanism intricately tied to the spot Bitcoin ETF approval process. Token burns, triggered by critical milestones, create scarcity, potentially driving up the token’s value.
The project’s roadmap outlines five pivotal goals, with 5% of the token supply intentionally burned upon reaching each milestone. This mechanism positions the future BTCETF price at a competitive edge over the Theta Network price.
Transaction Tax Dynamics For Long-Term Holder Benefits
Initially implementing a 5% transaction tax, BTCETF’s dynamic approach gradually reduces this tax by 1% for every achieved ETF milestone. Ultimately, the tax diminishes to 0% upon completing all goals, rewarding early backers and aligning seamlessly with the project’s deflationary strategy.
With a little more than one day remaining to the next phase, the token is priced at $0.006 before its price is hiked.
As the crypto community eagerly anticipates progress in the spot Bitcoin ETF realm, BTCETF’s presale is gaining momentum. Prospective buyers can participate in the presale through the project’s website, which accepts payments in ETH, BNB, USDT, and bank cards.
With the presale in full swing and prices set to increase shortly, now is the opportune moment to become part of the BTCETF story and potentially profit from the evolving crypto landscape. With the Theta Network price looking to correct, BTCETF could be your go-to investment.
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