Why Taraxa (TARA) Exploded 1,000% This Year As Investors Bet on Its Future Potential

Tara coin (TARA) has been one of the hottest cryptocurrencies in 2023, with its price skyrocketing over 1000% so far this year. However, the coin saw a 12% decrease today, bringing its price down to around the $0.008 level.

According to cryptocurrency analyst JA’s recent Twitter thread, Tara’s impressive growth can be attributed to its innovative blockchain technology and future-focused ecosystem.

Some of the key technical features and fundamentals highlighted include:

  • BlockDAG architecture and T-Graph consensus enabling fast, low-cost, green transactions without network congestion.
  • EVM-compatibility allowing easy deployment of Ethereum dApps.
  • Near-instant transaction inclusion and 4 second finality.
  • True decentralization – anyone can run a validator node, even on a Raspberry Pi.

However, the most exciting aspect of Tara is its AI-enabled ecosystem and real-world applicability. As JA noted, the combination of AI and blockchain technology positions Tara to solve actual problems and power next-generation dApps.

With this cutting-edge tech and recent price surge demonstrating strong community excitement, Tara seems poised for continued growth in 2023 and beyond. However, cryptocurrency prices are notoriously volatile, so potential downside risks remain.

Overall though, if Tara can capitalize on its technological innovations and real-world use cases, its long-term outlook appears bright. Tara coin certainly seems to be one of the more promising blockchain projects to monitor going forward.

We recommend eToro

74% of retail CFD accounts lose money.
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

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


Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.