THETA, the local token of the Theta Network — a decentralized blockchain-based video supply community — has entered the highest 10 cryptocurrencies by market capitalization.

On March 23, THETA overtook Chainlink (LINK) because the tenth greatest cryptocurrency by market capitalization at just about $11.5 billion, consistent with knowledge from CoinGecko. At publishing time, LINK’s market cap quantities to $11.2 billion.

Source: CoinGecko

THETA has noticed propelled enlargement not too long ago, gaining 70% during the last seven days and hitting new ancient highs. The token is buying and selling at $11.80, up 17% during the last 24 hours at publishing time, consistent with knowledge from CoinGecko. The coin has noticed constant enlargement in 2021, even outperforming Bitcoin’s (BTC) late-2020 rally.

THETA 90-day chart. Source: CoinGecko

THETA’s front to the highest 10 cash by market cap comes quickly after primary altcoin Bitcoin Cash (BCH) dropped off the highest 10 listing in early March 2021.

The new all-time highs for THETA come in a while after Theta Labs secured its 2d patent on designs for decentralized blockchain-based video and information supply from the United States Patent and Trademark Office on March 16. Earlier in March, Theta Labs launched an open-source code for the Theta model 2.2.0 on Theta GitHub.

As prior to now reported by Cointelegraph, the Theta Network has been actively rising its validator program, attracting collaboration with Global 500 companies like Google, Samsung and Sony, in addition to primary trade companies like Binance, Blockchain.com and Gumi. Theta Labs used to be based in 2017 as a subsidiary of digital fact live-streaming corporate Sliver.television.

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