The fuel price of Theta has been experiencing a rally of triple-digit from the start of the month of February 2021. This indicates that the token of the gas will be acting as a crucial participant in the swift expansion of the ecosystem of the network.
The project of THETA is creating considerable waves along with several of the other altcoins which have been experiencing a bullish ride throughout this year. It has successfully managed to reach new record highs.
Theta Is A Rising Star
The main token in the network of Theta has been getting the larger part of their attention due to the reason of the gas token present in the protocol named TFUEL. This gas token has been quietly increasing along with its importance and popularity in the network as crypto investors are becoming attracted to this network.
According to the reports of TradingView and Cointelegraph Markets, it is seen that TFUEL prices have surged by a whopping 775% during the last 5 weeks. On 1st February, the price was $0.026 while they successfully reached the $0.22 all-time high by the 10th of March as the network witnessed their hard fork during midnight.
Theta Fuel creation was prompted by the launch of Theta main net in 2019 when it was designed for operating the token protocol. The main difference between this token and others is that the holders staking the cryptocurrency enable the security of the network as well as earn rewards.
On 10th March, the network had a 57.96% available stake out of 1 billion and this number is continuously increasing.
TFUEL touched a 70 mark score on 6th March, followed by an additional 67 increase on 7th March. It ultimately rallied at 56% within 48 hours.
