Introduction to the Token $TFUEL :
TFUEL is the utility token of the Theta Network. While THETA is used as a governance token for voting on network decisions, TFUEL is used as the 'fuel' for the network. This means it is used to pay transaction fees, run decentralized applications (DApps) on the network, and reward users who contribute bandwidth and computing resources for video streams.
Analysis of Key Figures for TFUEL:
Current Price: approximately $0.036 - $0.038 per TFUEL token. (Note that this price fluctuates constantly, so refer to reliable sources for real-time prices).
Market Cap: approximately $255 million to $272 million USD.
Market Ranking: Usually ranges between #128 and #179.
Circulating Supply: approximately 7.02 billion TFUEL tokens.
All-Time High (ATH): $0.6807, reached on June 9, 2021.
Note: the current price is more than 90% lower than its all-time high, reflecting the severe volatility in the cryptocurrency market.
All-Time Low (ATL): $0.0008897, reached on March 13, 2020.
Note: the current price is much higher than its all-time low, indicating significant growth since the currency's launch.
24-hour trading volume: ranges between 3 million and 7 million USD. This figure illustrates the level of liquidity and trading activity for the token.
Price Change (Over Different Periods):
Over the past 24 hours: changes frequently range between +1% and -5%.
Over the past 7 days: changes frequently range between +2% and -9%.
Over the past 30 days: changes frequently range between -12% and +19%.
Over the year: the price has dropped significantly, by about 44% to 55%, reflecting a recent downward market trend.
Important Analytical Points Based on the Figures:
High Volatility: Like most cryptocurrencies, TFUEL's figures show high price volatility. This means the currency can experience sharp rises and falls in short periods.
Relation to the broader cryptocurrency market: data showed that TFUEL's performance over the past year has been significantly negative, which aligns with the overall performance of the cryptocurrency market.
Growth Since Launch: Despite the drop from its all-time high, the current price is still much higher than its all-time low, indicating that the project has achieved significant long-term growth.
Importance as 'Fuel': The value of TFUEL is directly linked to the activity of the Theta Network. The more users and developers who use the network for video streaming and running applications, the higher the demand for TFUEL, which could positively affect its price.
Competition: Investors should be aware that TFUEL operates in a crowded space of blockchain projects focused on video and decentralized applications, making it susceptible to competition.
Summary:
The figures indicate that TFUEL is a token with a respectable market cap, but it is characterized by high volatility. Its future depends on the growth of the Theta Network and its actual use in streaming and decentralized applications. Any potential investor should carefully study the performance of the underlying network, not just the price of the token, and be aware of the risks involved in investing in digital assets.
