Theta is preparing to launch update 2.0, the price of the asset soared by 1300%

In anticipation of the launch of the Theta 2.0 main network, the price of the Theta token soared by several thousand percent.

Beginning withmid-March, the price of the Theta token increased by 1300%.At the time of writing, it is trading around $0.45. Some experts consider the upcoming network upgrades, as well as the company's notable strategic partnerships, to be the reasons for the growth. 

Recently, Theta began working with major media platforms, including Android TV and Samsung.

Theta– this is a cryptocurrency streaming serviceplatform broadcasting e-sports, poker, and blockchain conferences. Theta users receive the Theta Fuel token for their activity, and Theta cryptocurrency can be obtained through staking.

Compared to BTC, Theta token skyrocketed 360% in just six weeks from 1100 satoshi to 5225 satoshi. 

Theta Fuel token used to conduct operations on Theta network (similar to gas on the Ethereum network) for the same period soared five times in price from $ 0.0035 to $ 0.0153.

Today, May 27, the Theta network is scheduled for update 2.0. In addition, on May 22, developers announced the start of work on adding smart contracts to the platform.

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Based on materialscointelegraph.com