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Tectum leads community interest following staking announcement

Brian Stone
Edited by
Markets
Tectum leads community interest following staking announcement

CoinGecko reports Tectum as one of the top trending coins today, with a 20.8% price increase in the last 24 hours and a remarkable 156.9% surge over the past seven days.

According to CoinMarketCap, Tectum (TET) is currently being marketed as the sole blockchain network, implementing a proprietary Proof-of-Utility (PoU) consensus and a high-speed network protocol. The PoU protocol enhances data distribution efficiency, while the network protocol empowers nodes to validate and distribute over 1 million digital events per second, establishing Tectum as the fastest blockchain globally, in contrast to Bitcoin, which processes 4.6 to 7 transactions per second (TPS).

Tectum leads community interest following staking announcement - 1
Tectum Price Charts | Source: CoinGecko

Likely behind the CoinGecko trend alert is the announcement by Tectum of the launch of Mainnet T12 Staking, said to commence at 5 PM UTC on Jan. 1. The features include full node staking, community node staking, and delegator staking, offering a 20% base APY along with a variable APY based on fees.

In tandem with these technological advancements, TET’s price has surged. Presently valued at $24.87 with a 24-hour trading volume of $2,395,022.54, TET reflects a 20.8% price increase in the last 24 hours and a 156.9% surge over the past week. Looking back at history, the lowest price recorded for TET is $3.05, noted on Oct. 10, which would put the token at a 710.8% increase from this all-time low.

https://twitter.com/tectumsocial/status/1741824235595600000

With advancements such as this on the horizon, the words of Crypto Capital Venture may hold that 2024 will be the year crypto explodes.