Don’t look now, but the crypto market is lagging behind Tezos has in the past few days given renewed interest in a modest rally ether Competitors.
XTZ tokens traded for up to $ 5.40 this morning, the highest level since the May 20 crash. This afternoon they were down to $ 4.60, still 10 percent more than 24 hours ago.
Her daily winnings were the best of all the top 100 coins, aside from Revain, a token review platform that is the No. 90 crypto. For the week, Tezos tokens are up 35 percent, the best winner of all the top 100 coins apart from avalanche.
I’ve been watching old altcoins for a very long time
One that is not yet mooned is $ XTZ
I think we are now at the right moment for this coin to follow the upward phase of other large caps on the market
When the orange level is broken we will see at least 10x (around 30-44) pic.twitter.com/KhV78I2XFy
– TheWolfOfAllStreets (@ GerardWalker5) August 23, 2021
Tezos’ total value hit $ 100 million this week, Tezos Finance founder Kevin Mehrabi tweeted on Tuesday. “It was $ 0 a year ago,” he wrote. “I still stand by what I’ve been saying for months: that by the end of this year we will exceed $ 1 billion TVL.”
Of course, $ 1 billion would still be a drop in the ocean compared to the $ 79 billion TVL in Ethereum or $ 21.7 billion in Binance Smart Chain. Polygon and Terra have a TVL of just under $ 6 billion while Solana has $ 2.5 billion, according to Block Crypto.
But Tezos’ market capitalization of $ 4 billion is also well below these projects.
Earlier this week, a group of Swiss financial companies selected Tezos as a platform to offer compliant digital financial products, Decrypt reported.
Tezos co-founder Kathleen Breitman told Forbes in a story posted on Tuesday that Tezos smart contracts have generated 10 million contract views since it was launched in June 2018. Half were on the platform for the first five years and the other for the last eight weeks.
“So usage of the network has exploded since the beginning of the year,” she said.
That has to do with the demand for non-fungible tokens (NFTs) and the use of Tezos for gaming, she said.
Most of the coins slip
The rest of the market was closed, with this afternoon Bitcoin Trade for $ 46,715 (-3.3 percent) and Ether changes hands for $ 31,100 (-3.4 percent).
The overall market fell 3.1 percent to $ 2.02 trillion, with just a handful of coins in the green. Avalanche was the biggest loser, down 18.2 percent after a sharp rise earlier in the week.
Coingecko
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