· 4 min read

TARA Climbs 600% in a Week – TUK Next to Explode?

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Taraxa (TARA) took the market by storm in the first week of August with a 631.68% surge.

Although the price action is dwindling, the project has managed to kindle activity in the market.

According to industry analysts, eTukTuk (TUK) will ignite a similar price action next. 

Tara’s Rise to the Limelight 

Taraxa is an EVM-compatible smart contract platform that has been slowly gaining momentum over the last two years.

The project is designed to solve real-world problems, based on blockchain technology and AI. Taraxa’s key highlight is scalability, with a transaction speed of over 5000 transactions per second (tps). 

The figure gives it a competitive edge against some of the most prominent blockchains.

Its requirements for running a node are also remarkably low, cutting down the expenses involved.

The Unsung Hero of the Block DAG World

One of the major factors behind the recent spike in TARA’s demand is the hype around Taraxa’s decentralized Layer-1 network, fuelled by Block DAG and EVM compatibility. It not only reshapes transaction efficiency but also stands apart with rapid processing.

EVM-compatibility of the blockchain empowers devs to seamlessly port their Ethereum creations onto Taraxa. More importantly, the project’s pioneering AI-powered solutions within a decentralized framework are expected to be a game-changer in the sector.

Its celebrated features include AI-powered social analytics, machine-generated transactional data, informal handshake agreements, and multi-layered IP licensing. 

Is TARA a Good Buy Now?

If you have your eyes on long-term returns, TARA is a good buy now. But if you’re looking for an explosion within the next few weeks or months, it’s too late to buy TARA.

But the upcoming price dip will open an excellent opportunity to get a low entry point to the investment. TARA is still an underrated gem with a market cap of just $23,510,005.

At the time of writing, TARA is selling for $0.007978. After the price correction, the coin is predicted to find support at $0.00535. If the broader market looks up, it will reverse the trend, although a strong price action will have to wait. 

TUK has a Significantly High Upside Potential 

If you've been to South Asia, you don’t need an introduction to Tuk Tuks.

Also known as auto rickshaws, they can be best describes as the staple three-wheeled taxis that power public transportation in developing economies. Nonetheless, they pollute the air.

For better clarity, there are approximately 270 million Internal Combustion Engine (ICE) Tuk Tuks globally, with projections estimating this number to climb to 400 million by 2050. 

Since they heavily rely on fossil fuels, the unchecked growth of Tuk Tuks could lead to dire consequences.

This situation demands intervention. And that is exactly what eTukTuk aims to do with its blockchain-based EV (electric vehicle) infrastructure.

After around five years in the making, the eco-conscious Web 3.0 ecosystem is preparing for its token launch this year. 

Due to the financial and environmental aspects of the project, a growing number of investors are joining the presale. The influx is expected to gain speed in the coming days as social sentiments strengthen.

To learn more about the eTukTuk ecosystem, read the white paper.

Phasing Out Carbon-Intensive Vehicles

eTukTuk's high market relevance lies in its pragmatic approach to air pollution using Web3.

While the shift towards electric vehicles (EVs) is the need of the hour, it proves complex in developing economies due to cost barriers and poor infrastructure. 

Despite lower operational and maintenance costs, the higher initial investment discourages users from economically disadvantaged backgrounds.

Even if the richer section of the population can afford to pay for EVs, public EV charging networks in the countries are underdeveloped, standing in the way of their adoption.

Rather than taking a broad approach that can easily be proven inefficient, eTukTuk focuses on the public transportation sector in developing economies. 

For this, it introduces electric Tuk Tuks to the roads, along with robust supporting infrastructure. 

Key Elements of eTukTuk

Here is a brief look at how eTukuk introduces a sustainable, user-friendly EV ecosystem in developing economies.

A network of accessible and compact charging stations forms the backbone of the ecosystem. 

They are strategically placed in key locations with the help of eTukTuk Territory Partners who oversee station installation and operation. In exchange, they earn rewards whenever drivers charge their EVs.

In addition, a staking mechanism is put in place to safeguard the peer-to-peer sharing economy. Investors who hold TUK tokens can stake their tokens in the protocol to earn attractive passive income.

Drivers, on the other hand, can benefit from a potential surge in their income of around 400% from the new system due to low fuel and maintenance costs.

The ecosystem is designed to benefit drivers, Territory Partners, investors, and staking participants.

Reach out to eTukTuk via [email protected] to learn more.

How High Can TUK Climb?

eTukTuk has a universal vision to reduce CO2 emissions. At the same time, it narrows down its focus on the public transport sector in developing economies. And that makes all the difference.

The robust ecosystem opens attractive opportunities for collaborations with enterprises, brands, governments, and celebrities in the coming months. 

For example, the recent partnership with Capital Maharaja Group (CMG) in Sri Lanka marks a significant milestone in the project’s journey.

TUK has the potential to kindle a 2000% surge on its initial exchange listing. While initial price action will rely on FOMO, its true potential lies in long-term EV utility.

The 40% discounted TUK community sale ends soon.

BUY TUK AT PRESALE PRICE