Bitcoin Spot ETF Approval Sparks Tectum’s Surge
The recent spotlight on Bitcoin and its spot ETF approval has had a spin-off effect on Bitcoin-related protocols, including Tectum. The price of TET, Tectum’s token, has skyrocketed to an all-time high, experiencing a 1066% increase since October 2023.
TET Is on a Remarkable Run
TET has seen a remarkable rally, climbing from the top 400 by market cap to the top 200 in just a few days. The current price is $35.45, with a market cap of $258 million. Over the last 30 days, TET has seen a price increase of 200.7%, and over the last 14 days, it has surged by 146%. CoinGecko even ranked TET as the top trending coin, beating out Solana.
Staking and Incubation
Tectum now offers staking for their TET token, with rewards of up to 25% in the first 6 months. They have already reached a Total Value Locked (TVL) of $40 million. Additionally, Tectum Labs has started its first incubation project called Jobs3, an on-chain employment platform.
SoftNote Website/WordPress Plugin
Tectum is in the final testing phase of their SoftNote merchant website/WordPress plugin. This plugin allows merchants, website owners, freelancers, and bloggers to accept anonymous off-wallet Bitcoin SoftNotes for payments or donations.
New Partnerships and 2024 Roadmap
Tectum has announced partnerships with GetBlock and Ator. They have also outlined their roadmap for 2024, which includes lightning-fast dApps, incubated projects, bridged ERC20, Solana, and BEP20 tokens, instant cross-border remittances, true crypto anonymity, and AI integration with blockchain.
Conclusion
Tectum has experienced a surge of attention due to the Bitcoin spot ETF approval. With the continued media wave and potential approval of Bitcoin spot ETFs, Tectum, TET, and SoftNotes are expected to continue their uptrend.
Hot Take: Bitcoin Spot ETF Approval Fuels Tectum’s Surge
The recent approval of Bitcoin spot ETFs has had a significant impact on Tectum. The surge in price and attention surrounding Tectum’s token, TET, is a direct result of this approval. As the market continues to evolve and more investors embrace cryptocurrency, the demand for Tectum’s offerings is likely to increase. This surge in interest is not only driven by price but also by news and developments within the Tectum ecosystem. With new partnerships, staking options, incubation projects, and
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