Hold on tight because a curve is coming! 🎢 Tezos (XTZ) has taken an impressive leap, almost 48% in just 24 hours! 🤯 And what is this due to? Well, on one hand, its new wave with Etherlink L2, which is like its super-fast highway for decentralized finance (DeFi), is attracting big institutions. And on the other, it has broken some technical barriers that had been in place for a while! It's as if a weight has been lifted off its shoulders and now it’s flying! 🚀
It turns out that a company called Midas invested a ton of money, no less than 11 million dollars!, in some super innovative products at Etherlink. This is important because it allows big players to enter the crypto world in a safer and more regulated way. Imagine, people are crying out to tokenize real-world assets! 🌎💰 And Etherlink has grown by 6,200% this year, yes, you read that right, six thousand two hundred percent! That means people are regaining a lot of trust in Tezos and its DeFi thing.
Moreover, XTZ broke a "trend line" that had it stalled for 7 months. That’s like getting a noose off your neck! 🤸♀️ This caused a lot of movements in the market, with transaction volume skyrocketing by 231%. Number experts say that if it surpasses $0.85, the next target is $1.03! And the best part is that it's recovering important positions, which historically means more rises are coming.
But watch out, not everything is money and finance. Tezos is also making strong strides in the digital art world, the famous NFTs! 🖼️ They have held events where a ton of artworks have been minted, and even Forbes has talked about their initiatives for women and non-binary artists! That’s supporting art and diversity! 🌈
In summary, Tezos is at a spectacular moment: the adoption of its technology by serious institutions, a technical breakout that gives it wings, and a super active artistic community. It's as if the universe has aligned in its favor. ✨
The question we have is: will this rocket continue to rise if the king of cryptos, Bitcoin, gets playful and drops a bit? 🤔 We will have to stay super alert to see how this exciting story develops!$XTZ
