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Not just another gas token — Theta’s TFUEL surges 775% in 5 weeks

Theta Fuel price has been on a triple-digit rally since the beginning of February, a signal that the gas token will play an integral role in the rapidly expanding Theta ecosystem.
The Theta project has been making waves alongside many other altcoins that are riding this year’s bullish wave to new all-time highs. While the main token of the Theta network has been receiving a majority of the attention, the ‘gas’ token of the protocol, TFUEL, has quietly been surging alongside THETA as its importance to the network becomes apparent to savvy crypto investors. TFUEL/USDT 4-hour chart. Source: TradingViewData from Cointelegraph Markets and TradingView shows that the price of TFUEL has increased 775% over the past five weeks, going from $0.026 on Feb. 1 to a new all-time high at $0.22 on March 10 as the network underwent a hard fork at 12pm PST. Fundamentals show TFU is more than just a gas tokenThe dual token model rose to prominence in 2017 with the emergence of Neo (NEO) and Gas (GAS) as an alternative to the single token model that continues to be plagued with high transaction costs as the prices of Ethereum (ETH) and Bitcoin (BTC) increase. Theta Fuel was created when the Theta mainnet launched in 2019 and it is designed to be the operational token of the protocol, powering on-chain operations like sending payments and deploying smart contracts. A significant difference between Theta and other dual token models is holders who stake THETA in validator and guardian nodes help to secure the network …
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