As Theta Mainnet 2.0 Launches, What's Behind its Massive Rally?

Crypto-powered Esports streaming app Theta continues to rally ahead of its mainnet 2.0 launch, gaining 150% in the past two weeks.

All told, the Theta Token, is up nearly 1,300% since the 'Black Thursday' crash of mid-March.

Theta is a crypto-powered 24/7 streaming service showcasing live Esports, World Poker Tour tournaments, and major blockchain and cryptocurrency conferences including Consensus and the Crypto Asia Summit.

Theta Token posted a new record high of $0.185 on May 12 and since then has gained a further 150%.THETA/USDT Binance: TradingView.

Measured against BTC, Theta Token's gains aren't quite as impressive, however it has still surged 360% in six weeks from less than 1,100 satoshis to test the market's previous record high at roughly 5,225 sats.

Theta's TFUEL token, the operational crypto asset used to finance transactions across the Theta network is also dominating the top gaining crypto asset charts - with the price surging five-fold, from $0.0035 to $0.0153.

Theta's mainnet 2.0 launch is imminent.

Theta's mainnet 2.0 upgrade is scheduled for today, May 27, and will result in trade for Theta's tokens being temporarily suspended - which may disrupt the momentum the Theta's markets have recently garnered.

Last week, Theta announced that Samsung's flagship Galaxy S20 phones will be shipped pre-loaded with Theta's streaming service to customers residing in the United States.

On May 8, Theta launched its Android app for smart TVs..