If you are wondering what is hot in the altcoin news today, the answer to your question are two coins Theta Token (THETA) and Theta Fuel (TFUEL). Basically, these two altcoins managed to rise substantially and even outperform Bitcoin (BTC) since the Black Tuesday crash in March.
In times when many altcoins are regaining traction, Theta Token (THETA) is surprising many with its massive gains – around 1,000% since the crash on March 12.
There are in fact two altcoins which are gaining in parallel. The first one is Theta Token (THETA) and the second one is Theta Fuel (TFUEL), both of which have surged more than 1,000% in a matter of one week. The latter even added 1,150% and as the candles are getting greener and greener, people are getting triggered by FOMO, hype and emotional bias towards entering these altcoin rallies.
Will Theta Token (THETA) and Theta Fuel (TFUEL) continue to rise?
The chart below visualizes the massive surge of THETA in the recent months. As you can see, the coin made an 80% crash in March but later on the cryptonews showed it as a winner – gaining a lot more and flipping to an upwards continuation.
As soon as the coin started to accelerate and speed up, the momentum and hype increased heavily. Today, Binance even announced that the exchange will support the token’s mainnet upgrade. The Binance news added a lot of wind to the back of the altcoin, raising the question of whether this is a legitimate buy or Theta Token (THETA) and Theta Fuel (TFUEL) are risky.
For now, investors believe that it definitely pays back to invest in these altcoins and wait for gains, even if those investments are minimal. The THETA/BTC now shows a massive chart, where the range support at 0.00001000 sats held, after which the price of the altcoin surged towards a range high.
Theta Fuel (TFUEL), on the other hand, started to rally a bit later alongside with the main token. However, there are still some risks from our experience which are present – massive movements like this require time to consolidate and correct from that move. With today’s announcement of the mainnet upgrade, a lot of things are on the table for both THETA and TFUEL.
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