Tezos, a self-amending blockchain network and cryptocurrency, has been gaining traction recently. Many are optimistic about the digital asset's future, as evidenced by various price predictions. Significant developments include the activation of the Quebec upgrade, which has enhanced speed and network efficiency, and the launch on Coinbase Pro, which led to a 64% increase in Tezos's value in a single day. The coin's strategic evolution is mainly driven by its co-founder, Arthur Breitman. A recent surge of $1.4M has allowed Lyzi to expand its Tezos-based crypto payments service for retail. The blockchain's rapid growth is also making waves in the gaming market. An innovative use case of the platform is the world's first Uranium marketplace, demonstrating its potential in real-world asset tokenization.
Tezos has managed to remain profitable despite the network slowdown and is a considerable player in the altcoin market—competing closely with Qubetics and Monero. Recently, Etherlink also launched an upgrade on Tezos L2, significantly boosting dApp development. However, the potential for XTZ rallies is being threatened due to $2.22 million exchange inflows.
Despite the risks such as a possible U.S. recession, the crypto market is highly bullish on Tezos. This sentiment is amplified by the recent 'consecration' of cryptocurrency in the U.S., meaning less regulatory ambiguity. The platform is also extending its influence in the meme coin realm, with the Tezos Pepe DAO bridging real-world assets with the digital world.
Tezos Coin News Analytics from Fri, 05 May 2017 07:00:00 GMT to Tue, 06 May 2025 11:25:10 GMT -
Rating 7
- Innovation 8
- Information 8
- Rumor 6
