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Theta Network On Track To Launch Mainnet 3, TFUEL Staking on June 30th

The team at Theta Network has confirmed the launch of Mainnet 3.0 on June thirtiethThe upgrade will introduce staking and burning of TFUELTheta Token (THETA) is recently trading above the 2 HUNDRED-day shifting moderate that would supply a springboard to extra gains within the month of June

The highly anticipated community improve of the Theta Community to Mainnet 3.0 is on course in opposition to its June 30th release.  The staff at Theta Network (THETA) showed that the launch of the 3rd generation of the mainnet will happen on the end of this month and can include a mechanism for TFUEL staking and burning.

The replace by way of the crew used to be equipped throughout the following tweet.

Theta Mainnet 3.0 and the launch of Elite Area Nodes and TFUEL staking at the moment are 30 days away! In coming weeks you’ll see a brand new Part Node model released w/ up to date EN user interface, and TFUEL staking reside June 30. Internal checking out is ongoing w/100k+ TFUEL stakers running sturdy

— Theta Community (@Theta_Network) Might 31, 2021

Theta Network Mainnet 3.0 Release used to be Initially Set for April 21st

First Of All, the launch of Theta Community Mainnet 3.0 was once scheduled for April 21st this 12 months. Then Again, the development group at Theta Community, postponed it to June thirtieth as they desired to be certain a a success release of the on-chain upgrade without any hiccups.

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THETA Token Sets its Eyes on $8, 2 HUNDRED-day MA Providing Adequate Support

With appreciate to price action, Theta Token (THETA) is these days protecting the $7.50 value area as give a boost to as it units its eyes at reclaiming the $EIGHT value stage with the brand new month of June.

A fast look on the day-to-day THETA/USDT chart underneath reveals that the token’s TWO HUNDRED-day moving average (inexperienced) provided cast beef up right through last month’s crypto market meltdown catalyzed through speculation that Tesla had offered its Bitcoin and China reiterating its ban on BTC mining and crypto buying and selling.

Theta Network On Track To Launch Mainnet 3, TFUEL Staking on June 30th 15

Theta Network On Track To Launch Mainnet 3, TFUEL Staking on June 30th 16theta

Also from the chart, it can be noticed that the ONE HUNDRED-day (yellow) moving average and 50-day transferring (white) moderate, are now performing as resistance above the $NINE worth level.

In addition, the day by day MACD, RSI and MFI are in oversold territory and pointing against a development reversal for Theta Token (THETA) leading up to the release of Mainnet 3.0 at the finish of this month.

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