Theta (THETA / USD) is selling at $ 5.59 and is down 26% in 24 hours. It doesn’t look any better studying the 7-day theta chart, which shows a 37% decrease.
THETA / USD
Theta managed to hit $ 7.68 in the last 24 hours, but it didn’t stay there long. Anyone looking to buy theta to make a profit in the moment may want to focus solely on day trading. There is an option to take a temporary break before the market continues to collapse. However, it looks like anyone who tries to trade day to day or week to week will lose.
The broader crypto market
Across the board, cryptocurrencies are in decline, including the big ones like Bitcoin, Ethereum, and Dogecoin. Theta ranks 13th overall and was considered a safe investment just a few months ago.
The cryptocurrency Dero (DERO) is one of the few digital assets that has made profits in the past 24 hours. This has developed surprisingly well and has increased by 31.55%. The only crypto that comes even close to this is the Kyber Network (KNC), which grew 7.55%. There were few other winners in that 24 hour period, and this has been history for much of the cryptocurrency market in the past few weeks.
All gains appear to be followed by rapid downtrends, indicating a general downturn for the market. The vast majority of available cryptocurrencies have not changed positively in the past week over a period of seven days. For many, this indicates an imminent market crash.