Bears continue to pressure BTC price but any signs of consolidation could lead to a breakout in AVAX. ALGO, XTZ, and EGLD.
Tezos is a blockchain-based smart contract platform for powering decentralized applications, or DApps, competing with similar platforms such as Ethereum, EOS and Cardano, among others.
Originally proposed by Arthur Breitman (under the pseudonym “L.M. Goodman”) in a white paper published in August 2014, Tezos was conceived as a “self-amending” blockchain platform built on an on-chain governance system that would allow holders of its protocol token, XTZ, to more easily vote and implement changes to the software without hard forks. This is in contrast to the cumbersome, off-chain governance processes for popular public blockchains like Bitcoin and Ethereum.
The core development was spearheaded by Breitman and his wife, Kathleen Breitman, through the company Dynamic Ledger Solutions. In summer 2017, Tezos raised funds in one of the most high-profile initial coin offerings to the total of around $232 million (at the time) in Bitcoin (BTC) and Ether (ETH). The project was soon embroiled in legal battles between the Breitmans and the appointed head of the Tezos Foundation, Johann Gevers, which delayed the release of XTZ tokens to investors and the launch of the network.
The mainnet launched in September 2018, with XTZ holders able to stake (or “bake”) their tokens to participate in the Tezos proof-of-stake consensus process or participate in Tezos governance either directly or through delegation of voting power.
Bitcoin price rallied to $44,800 and takes aim at flipping the $45,000 level to support shortly after Twitter launched a new crypto tipping service.12697
The XTZ price rally, driven largely by Tezos' entry into the NFT space, has ended up painting a classic bearish structure.16866
While Bitcoin price is fighting to hold above the 200-day SMA, ALGO, ATOM, XTZ, and EGLD continue to march higher.37544
It’s a rags-to-riches story for Tezos this week, while Bitcoin bulls fail to find momentum for a full recovery from Tuesday’s major price dip.18548
Bitcoin’s consolidation near $50,000 reflects a steady market, and this could attract buyers to altcoins like ADA, LUNA, VET and XTZ.55426
Major protocol improvements, attractive staking rewards and real-world adoption from banks back the current bullish price action seen in XTZ.28481
InCore Bank has also announced the upcoming launch of Tezos custody, staking and trading services targeting financial institutions.8200
A push to decentralize the grant distribution process, new DAO governance features and a growing ecosystem all back GTC’s 100% rally over the past month.12548
Crypto lending offers powerful advantages when compared with the status quo, including more competitive interest rates and flexible terms.4147
Coins earned by staking have been “created” and are untaxable until sold, according to one couple in the United States.14601
The soon-to-be-launched platform will feature NFTs from artists like Whitney Houston, Doja Cat, John Legend, TLC, H.E.R, Quincy Jones, Charlie Puth, Jacob Collier, G-Easy, AURORA, The Kid LAROI, Alesso and more.26131
EOS, LTC, ETC and ETH are just a few of the altcoins that chased after new multi-year highs as layer-1 projects saw an increase in trading volume.50153
Wrapped Ethereum is now available on Tezos.30006
Popular French video game publisher Ubisoft is set to become a validator node on the Tezos ecosystem.12017