by Rushali 
The bull run of bitcoin and ether has attracted many investors to the market. Now the traders are looking to other projects as well apart from these two.
This week we have seen the interest of investors turning towards Theta, it is a decentralized network that allows users to share bandwidth and computing resources in order to stream video. In the last two months, the price of it has increased around 350% from $0.66 to $3.44.
The main reason behind this sudden bull run is Thta has the plan to engage in DeFi with its Theta DEX.
Following are the basic reasons behind this price growth:
* Non-fungible tokens (NFT)
After the 2017 bull run, the NFT is really in trend. And recently Theta addition of smart contract functionality is an attempt to capitalize on this trend. The Theta Token Minter allows users to create new TNT-20 tokens without needing any smart contract experience. It also helps the users to trade and transact in their new tokens.
* ThetaSwap
The decentralized finance or DeFi is really making the future and Theta also joined the club by launching ThetaSwap. On Feb 4 they have launched ThetaSwap v1 decentralized exchange.
It allows the users to swap Theta-based TNT-20 tokens and Theta Fuel just similar to Uniswap and Sushiswap.
And the future up-gradation of it will also benefit theta.
* Big partnerships
On Feb 9, theta announced that Lionsgate the entertainment house that has movies like John Wick and The Hunger Games would be joining theta. The partnership will start with the movie screening starting from March.
With all the above-mentioned reasons and the overall bullish sentiment of the market is raising the price of theta to a new all-time high.
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