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