What is Theta and why is the price going up?
THETA is the latest digital token shaking up the cryptocurrency market, and its price has surged today. But remember, investing cryptocurrencies and decentralised finance tokens is extremely risky and you are not guaranteed to make money. 2 Theta was set up to create a new, more efficient way of streaming videos online Credit: Alamy  Make sure you understand the risks of investing, and only spend money that you can afford to lose. Cryptocurrencies and decentralised finance tokens are extremely volatile, so your cash can go down as well as up in the blink of an eye. Some products and cryptocurrency services are extremely complex, and you should only invest in things you fully understand. Five risks of investing in cryptocurrencies INVESTORS have been warned about the risks of backing cryptocurrencies, which are extremely volatile... Consumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements. Price volatility: Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses. Product complexity: The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks. There is no guarantee that cryptoassets can be converted back into cash. Converting a cryptoasset back to cash depends on demand and supply existing in the market. Charges and fees: Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products. Marketing materials: Firms may overstate the returns of products or understate the risks involved. The Theta Network is a video delivery platform powered by blockchain technology. Blockchain technology, which can seem very complicated, is a kind of database used to record transactions. Theta allows users to watch video content and earn crypto token rewards by opting-in to volunteering their spare computer bandwidth to other users. Thetas goal is to improve video streaming and delivery by improving the mechanics behind the system and ultimately lowering the cost. It hosts two types of tokens - Theta and TFUEL. The Theta Token allows investors to take a stake in the network and contribute to blockchain production. This means users are able to validate transactions, produce blocks and vote on changes to the network, earning them a proportional amount of the new TFUEL that is generated. The supply of Theta is fixed at 1billion and will never increase. 2 Theta's price has spike and fallen back rapidly since it was launched  TFUEL is the second token, which is used for payments on the networks. Users can earn TFUEL for every video stream they relay to other users. Hargreaves Lansdown investment analyst Susannah Streeter said: The Theta network aims to use the decentralised nature of blockchain technology and encourage viewers to share the excess capacity of their devices to form a new video streaming and delivery service. Those who offer up their spare computing and bandwidth resources can earn TFUEL tokens. The idea is that advertisers can also fund campaigns with tokens and viewers who earn tokens could award them to their favourite content creators. TFUEL is up by 2.44% to $0.537 and Theta Token has jumped 14.86% to $9.27, according to CoinMarketCap. But it is still down on the all-time high of $13.41 that it reached in April. Experts said there was no one reason that Thetas price has spiked this afternoon, saying it is down to the volatility of the crypto sector. Ms. Streeter warned traders should proceed with caution". She said: Many buyers of these tokens are only interested in speculating over future price rises, rather than believing in Thetas underlying case. Most read in Money HOUSE MONEY Homeowner checks ARE coming as calls for all Americans to get more money grow SHOW ME THE MONEY New $3,600 stimulus payments will be sent out starting next month STIM WIN Congress is back in session THIS WEEK as lawmakers push for 4th stimulus check CHECK YOURSELF Families in line for $2,000 MONTHLY payments after 2.3million sign petition CHECKING IN Monthly stimulus checks start on July 15 ...heres how to get it IN THE BANK Bonus stimulus check may be on way to your account if you filed your tax return  Bitcoin's price also surged today after Elon Musk said his electric car company Tesla will use the cryptocurrency when it is greener and cleaner. Brits have been warned to approach new cryptocurrencies, such as ATA, with caution. We've got a round up of the best Bitcoin digital wallets.