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Is the rally too good to last

Is the rally too good to last

Consider the network-value-to-transaction value. This ratio explicitly denotes the relationship between the market cap and transfer volumes. Whenever the NVT is high, it indicates that the network value is outpacing the value being transferred on the network.

Such trends tend to rub-off quite positively on the valuation of any alt. During the alt’s May rally, the same had been in revolving in the 100-200 range, but has been under 40 since the second week of September.

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<p>Additionally, at press time...

Additionally, at press time, Tezos’ official data showed 76.16% of the total supply was staked on the network. Staking has essentially limited the number of tokens available in the market and aided in inducing a price-uptrend pressure.

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<p>Network related upgrades an...

Network related upgrades and novel launches on the network have, by and large, acted like catalysts. Tezos, as such, is a self-amending blockchain. In essence, it is possible to upgrade the network without hardforks.

The latest

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Future prospects

Tezos is in the process of catching up with Ethereum’s dominance in the DeFi space and has around 135 projects and dApps in development on its network.

What’s more, cryptocurrency firms in Switzerland have been working with Tezos to launch tokenized assets like popular stocks on its blockch...

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<p>Ever since August, the mark...

Ever since August, the market has been witnessing uptrends and downtrends in phases. However, during every phase, there have been exceptions defying the broader trend. Cardano, Solana, Avalanche, Fantom and Cosmos have been a few of those resistant coins.

Tezos has been fetching market part...

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The reduction in transaction costs managed to attract new users on the network and in retrospect, positively impacted the price. Further, earlier this month, Homebase – a protocol for building DAOs, was launched on the Tezos blockchain.

Now, this would allow users and developers to form se...

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