Crypto News: Tezos Price Prediction 2023 – Will the Rally Continue?

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Crypto News Tezos Price Prediction 2023

Tezos could be out of the top 100 largest cryptocurrencies by market cap today the strongest daily increase with 18.33% register. But even over the past week, XTZ has posted the seventh-highest gain of 25.63%. What Tezos is and has led to this strong performance and what the Tezos price forecast for 2023 looks like will be discussed in more detail in the following article.

What is Tezos (XTZ)?

Tezos is one Layer 1 blockchainwhich in Invented in 2014 and tradable since 2018 is. Because there were previously some complaints from investors who complained that Tezos an unregistered security is. In addition, delays due to internal dispute and delayed withdrawal by the President of the Foundation Johann Gevers and the blocking of further funds developed.

The Proof of Stake Blockchain focuses primarily on smart contracts. Unlike Ethereum, the However, infrastructure can be improved without making a hard fork. Because Ethereum and Bitcoin in particular also lost parts of their community, their developers and the capital as a result of the splits, because from then on they were different projects.

In doing so Tezos is particularly secure and upgradeable and will be there for eternity. The blockchain can do this always state-of-the-art remain and not be overtaken by the latest developments.

One of the main developers of Tezos, Arthur Breitman, who former Morgan Stanley analyst is, with Tezos would also like the solve previous problems of the old blockchains. In his opinion, they should Community more involved as well as issued new coins via a blockchain can become.

The Advance sales in 2017 were among the largest in history of the cryptocurrencies, with a financing amount of at that time $232 millionraising 65,681 BTC and 361,122 ETH.

Already, Tezos used by some well-known companiesas the Bank Societe Generalewhich the network for experiments with CBDC (Central Bank Digital Currency) used.

Overall, the Tezos open-source blockchain has been Updated 11 times. In this context, the Reduced transaction costs and increased speed. In addition, the network operates CO₂ neutral.

In the future, Tezos will join increasingly focused on the areas of privacy, consensus and scalability become. It is also planned that smart contracts and the blockchain will be continuously developed.

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What Triggered Tezos (XTZ) Rally?

In order to take a closer look at the current price increase of Tezos, the key news from this year briefly introduced:

Lima as the 12th protocol update

After the Kathmandu upgrade, Lima is next. The Blockchain block processing accelerated by pipelining become. In this context, pipeline validation is to be extended to block production in order to Save time and effort in proposing new blocks.

In addition, if approved, the Baker set specific consensus keys for block signing and consensus operations become. This allows them to change their consensus key, without changing the public address.

About this, the tickets are to be improved in order to Reduce the risk of smart contract failures.

NFT marketplace Rarible now also offers offers from Tezos

Been for a week Rarible’s marketplace now also supports NFTs from the Tezos blockchain. This means that non-fungible tokens are also used by those on the network Marketplaces like Objkt, Teia, fxhash and Versum offered on the trading platform. This should in turn Increase demand for the token.

Collaboration between Ubisoft, Aleph.im and NL on Tezos

Aleph.im hat fully decentralized NFT smart contracts for Tezos in collaboration with Ubisoft’s Strategic Innovation Lab developed, which is one of the most important companies in the gaming market is. Here should the Giving players greater control over their in-game assets become. The partnership is about Development of dynamic and playable NFTs and decentralized storage solutions for Ubisoft Quartzwhich is Ubisoft’s own decentralized distribution platform for NFTs, with these there “digits” to be named.

Tezos partnership with Google Cloud to validate Web3 applications

Thanks to the new partnership with Google Cloud, this is now becoming a Tezos blockchain validator. Thus, corporate customers can Provision nodes for Tezos via Google’s infrastructure. This way they can develop their own applications on the blockchain as well as this one process to be accelerated. The node operates like a kind of computer that validates and stores the transaction data.

Therefore, Tezos and its Users will benefit from the security and reliability of Google Cloud in the future. At the same time, the blockchain and those developed on it Projects even better scaled become.

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Tezos (XTZ) Price Prediction 2023

Tezos XTZ Price Prediction 2023

Tezos is currently on 48th place among the largest cryptocurrencieswith a Market cap of $1,253,533,152. From a total of 949,415,917 tokens are already located 97.74% in circulationwhich means that a high rate of inflation need not be expected.

Currently, the cryptocurrency XTZ is listed at $1.36where Tezos already increased in price by more than 91% this year is. The The high for the year was 1.41 US dollars today and a gain of 97%, but then the price rebounded. Whether it was a cop trap remains to be seen.

However, the Demand for Tezos increased. The daily trading volume has increased from 12.01 million increased by 2,048% to currently $259.90 millionwhereby currently the highest momentum this year has been reached after rising massively since yesterday.

Should he clusters of the above trend channel, the 50 Fibonacci level and the horizontal resistance in area of ​​1.36 USDollar are exceeded, so lie the next resistances at $1.53, $1.75 and $2.04. If a correction takes place for the time being, the next resistances at $1.21, $1.02 and $0.97.

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Also for strong climbs were able to in the last week Chinese cryptocurrenciesmore information on the price prediction of these can be found at: Conflux (CFX), Stack (STX)Earn , Neo (NEO), Filecoin (FIL).

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About the author: Simon Feldhusen first came into contact with the stock market 16 years ago and has been dealing intensively with trading, cryptoassets, stocks, P2P, corporate finance, finance and entrepreneurship on a daily basis for more than 7 years. He has also been working as a copywriter and ghostwriter in the financial sector for several years. During this time he has acquired a diversified knowledge through various training courses on the financial markets and following the daily news. Since then, not a day has gone by that he hasn’t engaged with the markets. He publishes for Finanzen.net, ETF-Nachrichten.de and Coincierge, among others.



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