Taraxa’s native token TARA has seen a recent 31% price surge, sparking speculation among crypto analysts. According to prominent crypto analyst @antonimasso, this latest pump comes after an extended downtrend for TARA over the past 10 weeks.
In a recent tweet, @antonimasso notes that “I know it’s hard to be positive with $TARA @taraxa_project when it has been dumping for 10 weeks. The good news is that this is how $TARA works. Massive pump & then 3 months of dumping. We are very close to the end of this dump. Be patient.”
This cycles of pumps and dumps are not unusual for cryptocurrencies, especially smaller market cap tokens like TARA. However, @antonimasso believes there is light at the end of the tunnel for TARA holders.
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Show more +Providing an in-depth review of the Taraxa project, crypto analyst account @oct_gems explains some of the key fundamentals behind TARA’s technology and potential. According to @oct_gems, “Taraxa is an EVM-compatible smart contract platform based on t-Graph consensus utilizing blockDAG, enabling web3 to solve real-world problems.”
With a focus on minimizing business friction through audit logging of informal transactions and agreements, Taraxa offers both short-term operational value and long-term potential through quantified reputation systems.
The recent price surge indicates the market is taking a renewed interest in Taraxa’s technology and ecosystem. As noted by @antonimasso, if historical cycles hold, TARA may be close to concluding its extended bearish period.
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