Staking announcement by Tectum generates significant community interest
Tectum has emerged as one of the most popular cryptocurrencies in recent times, with its price soaring by 20.8% in the last 24 hours and an impressive 156.9% surge over the past week, according to CoinGecko.
CoinMarketCap states that Tectum (TET) is currently the only blockchain network that utilizes a unique Proof-of-Utility (PoU) consensus and a high-speed network protocol. The PoU protocol significantly improves the efficiency of data distribution, while the network protocol enables nodes to validate and distribute over 1 million digital events per second. This makes Tectum the fastest blockchain globally, surpassing Bitcoin, which can only process 4.6 to 7 transactions per second (TPS).
CoinGecko’s trend alert for Tectum is likely attributed to the recent announcement of the launch of Mainnet T12 Staking by the cryptocurrency. The staking features include full node staking, community node staking, and delegator staking, offering a 20% base Annual Percentage Yield (APY) along with a variable APY based on fees. The staking is set to begin at 5 PM UTC on January 1.
These technological advancements have had a significant impact on the price of TET. Currently valued at $24.87, with a 24-hour trading volume of $2,395,022.54, TET has witnessed a 20.8% price increase in the last 24 hours and an astonishing 156.9% surge over the past week. Looking back at its history, the lowest recorded price for TET was $3.05 on October 10, which means the token has experienced a remarkable 710.8% increase from its all-time low.
With such remarkable advancements on the horizon, it is no wonder that Crypto Capital Venture predicts that 2024 will be the year when the cryptocurrency market experiences explosive growth.
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