Ever since the beginning of the month of February, the entire cryptocurrency industry including the largest crypto Bitcoin and altcoins are experiencing all-time highs. However, by the end of last week, things turned a bi bearish for the entire cryptocurrency industry.
Although most of the cryptocurrencies in including Bitcoin (BTC) and Ethereum (ETH) are experiencing a downfall, the PTERIA token is continuing its journey all over the space.
As per reports, the token PTERIA that belongs to Pteria DAO is currently experiencing an all-time high. Even the plunge that hunted down even the largest cryptocurrencies including Bitcoin (BTC) and major altcoins, was powerless against PTERIA tokens.
As of now, the price of PTERIA is hovering at $40 per token and is set to go even higher. This proves that the price surge of PTERIA has not only reached the moon but is now visiting Mars.
When compared to the largest cryptocurrencies in the world, PTERIA is considered to be a newly born currency. It was just a few months back when PTERIA was listed on some of the major cryptocurrency exchanges. The decentralized exchanges that were the first to list and launch PTERIA through their platform were Balancer and Uniswap.
At the time of publishing, PTERIA is experiencing is all-time high and according to the major crypto-reporting firms such as Coingecko and Coinmarketcap, it will soon cross the $40 barrier.
One of the key factors that drove the price of the token to all-time highs is the recent announcement of a service that was introduced by Pteria DAO. Just a few weeks back, Pteria DAO had announced the launch of its new staking project.
The firm announced that the users that stake their PTERIA tokens on the platform will be eligible to earn up to 24% annual rewards. The users will be able to earn the same kinds of rewards through the voting system that they will be able to contribute to for the DAO proposal.
As per the reports, the token staking project has received a lot of positive reception and is observing huge adoption for the crypto-sector. The platform has reported that in a matter of less than a month, more than 2 million tokens have been staked by the users. The firm has confirmed that these tokens were staked through the Aragon platform.
The success of the PTERIA tokens has come at a perfect time for the platform as well as for other projects that have adopted the tokens. Due to the COVID-19 pandemic, the entire world went under lockdowns and curfews that impacted the Wallem project negatively. As a result of the chaos caused by the pandemic, the project was put on a pause.
The platform was reportedly supporting the usage of the PTERIA tokens through the platforms. With the emergence of the PTERIA tokens, there is now hope that the Wallem project will be rejuvenated.