Theta (THETA) is on the rise this morning, shooting up 8.12% and passing the $3 mark to hit $3.06 (THETA/USD). On Monday, Theta had reached a historic low of $2.3088, a price point not seen since early last year.

How Is Theta Performing?

It’s fair to say that the Theta Network token is suffering, despite the jump this morning. Theta has mostly been moving bearish since late last month. On Christmas Day, the crypto was at $5.50, and it has yet to move back up to that level since then. During the month of November, Theta performed quite well, along with the rest of the market, but it has certainly had its difficulties since the new year started.

The wider Theta Network has been going through difficulty leading up to the launch of the Theta NFT marketplace and the TDrop token. The other Theta coin, Theta Fuel (TFUEL) fell precipitously this time last week and only started to recover yesterday. The recovery has been swift and nearly complete, bringing TFuel back to where it fell from. TFuel was at $0.2005 (TFUEL/USD) before the drop, which brought it down to $0.1176 at its lowest. It is back up today to $0.1777, increasing 3.15% over the last 24 hours.

What Do We Advise for THETA and TFUEL?

The recent spike in rates for these two cryptos have helped push them up the rankings a bit, but their inconsistent performance lately will make them difficult sells. At this point, they are both risky investments, even with the new TDrop crypto and NFT market launching from the Theta network.

We advise caution on these cryptos right now, because it’s hard to tell where they might go. Theta has enjoyed some bullish runs throughout the previous year, but they tend to end with bearish runs that result in a lower price point by the time Theta starts to recover. In other words, when Theta recovers from a bigger run, it doesn’t seem to go as high as where it was before it fell.

That makes Theta more of a short-term investment rather than a long one at this point.

TFuel is not quite in the same situation. While the price went up and down considerably over the last year, the rate stayed pretty close to the $0.30 level until just recently. We’re definitely seeing a downturn for TFuel, though investors are hopeful that things will turn around once the new crypto and NFT market launch.