What big news, folks! 🚀 Tezos (XTZ), the crypto that has taken a leap worthy of a movie. Remember when it seemed to be on pause? Well, surprise! It has risen like the phoenix, and in a big way!
It turns out that XTZ not only surpassed a dollar, but it has skyrocketed 116% in just one month, yes, you read that right, more than double! In the last week, the increase was 73%, reaching $1.11, and its trading volume went through the roof, over 1.2 billion dollars! 🤯
And what is behind this surge? Well, largely due to its DeFi ecosystem. The funds locked in its network, known as TVL, grew 25% in just one day, reaching 53.22 million dollars. That's a lot of people trusting Tezos for their financial moves! 💰
But the icing on the cake is the Midas move, a big firm that specializes in institutional tokenization. On July 16, they announced that they are expanding their DeFi products to Etherlink, which is like the super-fast highway of Tezos. Imagine: products that have already generated millions of dollars, now on a network that promises almost instant and cheap transactions, and that also complies with regulations! This is key to attracting the biggest investors. 🏦
The daily volume of XTZ skyrocketed over 111% in 24 hours, and that is a sign of frantic activity. With a market capitalization of 1.17 billion dollars, Tezos is back in the top 80 of the most important cryptos, and the best part is that almost all of its coins are in circulation, which means there is not much pressure for its value to drop due to the issuance of new coins. 📉⬆️
So, what can we expect? If this interest from the big players continues to grow, Tezos could become a major player again. But be careful, after such a massive surge, it's not uncommon for there to be some corrections. The coming days will be crucial to see if XTZ remains strong above a dollar and if that crazy volume holds up. We need to stay alert! 👀$XTZ
