Our crypto trend analysis continues. Today we analyse the prices and news of Theta Network (THETA), Fantom (FTM) and Green Satoshi Token (GST).
The trend of the three cryptos seems to be very similar and far from positive, but let’s look at them together.
Theta Network (THETA), Fantom (FTM) and Green Satoshi Token (GST) prices and market statistics
Let’s start with the first project: Theta Network, which is currently trading at USD 0.99, having lost 11% of its value in one month.
In terms of market statistics, Theta Network has a market capitalization of $988.5 million and a trading volume (last 24 hours) of $9.9 million.
The outstanding bid is THETA 1.0 billion.
Moving on, let’s take a look at the Fantom cryptocurrency, which has attempted to rally in recent weeks, but has also lost value over the past month as a whole.
More specifically, the crypto has lost 8.7% over the past 30 days, bringing its price down to $0.43.
Looking at today’s market statistics, we can see that the capitalisation of the FTM project is $1.2 billion, with a daily trading volume of $96 million. The outstanding supply is very large with 2.8 billion FTMs available for sale.
Let us now move on to the last of the three projects which, as mentioned, has also not performed well over the past month. We are talking about the Green Satoshi Token (GST), which has fallen -13.3% over the past month to a price of 0.0181.
GST’s market capitalisation is $12.9 million, with a trading volume of $11.2 million over the last 24 hours. The open interest is 715.5 million GST with an average holding period of 10 days.
Turning to the analysis of the latest news, as you can see below, only Theta Network has news to report.
Both Fantom (FTM) and Green Satoshi Token (GST) have no news in their projects, and this is not good news, and it is justifiable that they are doing so poorly.
Theta Network and Replay partnership
Replay, the web3 video streaming company, has announced a partnership with Theta Network to launch a new NFT-gated solution for video content creators.
This innovative solution offers video capabilities that allow creators to block their video content behind an NFT wall, providing a new revenue stream and exclusive access for their audience.
Theta Network is a Layer 1 blockchain network specifically focused on media content.
Using its decentralised infrastructure, content creators can now offer their audiences an NFT experience that is compatible with any smart TV or device.
This means that streaming services, FAST channel owners and media brands can use the solution to lock video content behind an NFT experience.
Replay’s new solution gives content creators maximum flexibility when using the tool. They can choose to lock their entire video library behind an NFT collection, or offer specific live streams to community members who own a particular NFT.
This allows creators to monetise their content and encourage viewers to engage with their brand.
The use of NFTs has already transformed the art world, allowing artists to sell digital artwork as unique, one-off items.
With Replay’s new solution, content creators can now bring the benefits of NFTs to the world of video content.
NFTs can be used to provide exclusive access to certain videos and create a new revenue stream for creators to sell to their audiences.
Integration with Theta Network makes this solution even more powerful.
Theta Network’s decentralised infrastructure provides a fast and secure way to distribute video content, while its blockchain technology ensures that the NFTs used to access content are unique and can be verified as such.
This creates a secure and transparent system for creators and their audiences.
Source: https://en.cryptonomist.ch/2023/05/05/crypto-news-theta-fantom-gst-2/