Before the end of May, Theta had been one of the hottest altcoins in the market that experienced a massive 190% pump in just sixteen days, or the 320% price increase, if we take into account the upper wick on the daily candle on May 27. But that cycle of bullish price activity is now over, having reached the all-time high at $0.59 and then had a 65% correction, or a 50% one from the close of the daily candle at the top of the bull rally.
After fifteen days of continuous descent, the price has finally begun to consolidate at $0.22, which is now considered a fair average cost of THETA, the cryptocurrency that powers a decentralized streaming network. But even despite a considerable retracement, Theta still maintains a positive long-term growth profile, as it outperforms the two most dominant cryptocurrencies by triple digits.
THETA gains/losses profile