Here’s why Terareum surged by over 500% in just 14 days

Sahana Kiran
Source – Pixabay

Brand new crypto, Terareum [TERA] was taking the front stage. The crypto market had eyes on the asset after it managed to surge by nearly 600 percent just days after its launch. Apart from being surprised several in the community were wondering how the asset managed to bag gains of this magnitude.

The crypto market is home to thousands of assets. Even though the industry started off with just one cryptocurrency, it paved the way for the emergence of several others. From meme coins to tokens to DeFi assets, the crypto industry hoards a wide range of coins. Terareum followed suit and veered into the market and made a big impression.

Terareum caught the attention of the community after it surged by 545 percent over the last 14 days. While most assets in the market were drowning in the red sea, TERA was soared by 259 percent during the last 7 days. During press time, the altcoin was trading for $0.000000007821 with a daily increase of 19 percent.

Furthermore, none of the aggregators have completely verified the altcoin yet. However, it was noted that the daily trading volume was at $11,606,235.

Source – CoinGecko

As seen in the above image, about 1,223 people had wish-listed the altcoin.

This further shed light on how the altcoin was being sought after by the community. It was speculated that this could have been the reason behind the Terareum’s massive surge.

Everybody wanted in on the Terareum pump, as a result, the community pointed out that investors could be pouring in their money into the altcoin due to FOMO.

Terareum completes Certik Audit

Just yesterday, the network pointed out that it had finished its Certik audit. The project is one of the earliest ones to complete the independent audit.

While the coin was listed only on Uniswap, the other two prominent exchanges joined the list. Earlier today, CoinTiger as well as Bitmart announced that they had onboarded Terareum.

Even though some might shun the coin for being prey to a potential pump dump, the asset could secure prominent listings in the near future.