Why Is TARA Coin Pumping Again? A 1,321.7% Price Surge Has Caught Investors’ Attention

$TARA is emerging as a force to be reckoned with. Drawing comparisons to the likes of $ETH, $TARA is being hailed by some as the “ETH of BlockDAG.” This new entrant in the crypto space has already made significant waves, surging impressively in recent times.

Even though the exact reason for this notable surge in value is unclear, there are quite a few key strengths that make TARA stand apart and which could have helped fuel its recent surge. Here are some of them:

  • Built on BlockDAG Technology: Unlike the traditional blockchain, BlockDAG technology offers enhanced scalability and security. This makes $TARA a formidable contender in the crypto arena.
  • EVM Compatibility: $TARA boasts full EVM (Ethereum Virtual Machine) compatibility. This ensures that developers can easily migrate and deploy Ethereum-based applications on the $TARA network without any hitches.
  • Smart Contracts Integration: The seamless integration of smart contracts on the $TARA platform ensures that it can support a wide range of decentralized applications, further expanding its utility.
  • AI-Powered: Another distinguishing feature of $TARA is its AI integration. While the specifics of this integration remain a topic of discussion among enthusiasts, it’s evident that AI plays a pivotal role in enhancing the platform’s capabilities.
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As with any investment, potential investors are advised to tread with caution. While some see the recent surge as an opportunity to dive into $TARA, others are more circumspect, especially considering the significant pump. The fear of missing out (FOMO) can be a powerful motivator, but it’s essential for everyone to make informed decisions based on their individual circumstances and risk tolerance.

Source: CoinStats

Based on the information provided by CoinGecko, here’s a breakdown of Taraxa’s (TARA) price performance over various timeframes:

Taraxa (TARA) Price Analysis:

  • 24 Hours: Taraxa’s price has seen a significant increase of 62.6% in the last 24 hours, moving from a low of $0.00767271 to a high of $0.01380696.
  • 7 Days: Over the past week, Taraxa has experienced a staggering 1,153.1% price surge, with the lowest price recorded at $0.00118586 and the highest at $0.01330677.
  • 14 Days: In the last two weeks, Taraxa has seen a growth of 1,073.8%.
  • 30 Days: Over the last month, Taraxa’s price has skyrocketed by 1,321.7%.

The current price of Taraxa is $0.01374120 according to CoinGecko. With a circulating supply of 3,861,457,921 TARA, its market capitalization is valued at approximately $53,061,072. The 24-hour trading volume for Taraxa is around $8,706,913.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com


Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency

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