What Next After the Impressive 45% Rally?
The Theta price has rebounded as investors rush to buy last week's dip. THETA is trading at $ 10.57, 45% above last week's low of $ 7.305. According to CoinMarketCap, the currency is worth more than $ 10.55 billion, making it the 16th largest digital currency in the world. What happened: After weeks of unstoppable bull run, Theta found major resistance at $ 16.00 almost two weeks ago. It then crashed 54% as the router resumed in cryptocurrencies. That decline came after Coinbase's direct listing when more investors sold the news. In fact, other digital currencies like Bitcoin and Ethereum also crashed during this period. Theta price is rising this week as investors return to some of the hottest currencies from the previous week. In fact, currencies like Uniswap, PancakeSwap, Solana, and Ripple have risen significantly in the past 24 hours. However, the main determinant of the currency this week will be the Fed's decision and how the market will react to ...