Taraxa – Giving You A Second Chance?
Micro-Cap Opportunities
I selected Taraxa as an altcoin pick in July 2023 at approximately $0.001. In the months that followed, it rallied as high as $0.025, providing a 25X return to those who chose to invest in Taraxa. However, the current market has been harsh on Taraxa due to its being a micro-cap. As I have mentioned, everything dumps in a bearish market. This offers investors the opportunity to gain exposure to high-quality projects.
I was surprised to see how heavily Taraxa had corrected. I would never have imagined it to retest $0.001. However, not only has Taraxa retested this level, but it is trading at $0.0005, a 50% discount from where I picked it up in 2023. Taraxa is an EVM-compatible Layer1 with a current market cap of $3 million. It has several small projects built on it and is about to perform an upgrade in January.
In December 2025, Taraxa ranked first (+1169%) in terms of the highest growth in TVL, followed by ZKsync Lite (+226%) and Mezo (+82%). It is, however, important to note that Taraxa’s TVL is still relatively low, making it easier to surge in percentage terms. However, it is still a good sign. As long as there is growth, things are headed in the right direction.
Taraxa definitely has upside potential. However, it is a micro-cap, and consequently, it carries a very high risk. One should always exercise good risk management practices when dealing with micro-caps, especially in this market.
Final Thoughts
This is just a quick reminder, especially since Taraxa is so heavily oversold. I have purchased a small bag at these levels and aim to keep adding to it as the price action unfolds. Please remember that this is not investment advice. Taraxa is available on numerous exchanges, including MEXC and Gate. All the best, see you next time.
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in my receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
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