The post XTZ Crossed $1, Don’t Miss this Bull Run appeared on BitcoinEthereumNews.com.

Tezos is an open-source blockchain network for D-apps and smart contracts. Its community includes researchers, developers, and validators expanding the ecosystem. However, Tezos faced management complications when its ICO success was short-lived due to a public feud between Johann Gevers, the former President of Tezos Foundation, and the Breitmans. It resulted in Gevers refusing to disburse funds to the Tezos ecosystem, causing investors to lose faith in the project and XTZ’s value to temporarily drop. How Tezos is using an energy-efficient algorithm The road to stardom for Tezos was not an easy one, given the challenges, the coin has fast gained ground. Moreover, the network also boasts an energy-efficient algorithm, which is also scalable. The native asset of the Tezos network “XTZ”, has been under due consideration by investors and traders. XTZ has already been listed including over the top ten crypto exchanges in just two years of its inception.  Tezos uses a Liquid PoS consensus mechanism, which is unique to the platform and has proven successful. This mechanism has a stake rate of approximately 80%, which is spread across 450 validators and 13,000 delegators.  This makes Tezos one of the most decentralized blockchains in the industry, and the number of delegators allowed depends on the bond size minimum requirement, currently allowing up to around 70,000 delegators. Technical Analysis & Prediction of XTZ Coin Price  The XTZ coin price stayed below $0.763 for a while, after which the bulls gained momentum and jumped about 29% before facing rejection at $1.00. Following this, the price lost momentum and went on to take support from the level of $0.861. After that, the price recorded constant price volatility and bounced between the same range. The price recently faced rejection at $1.0480, but the bulls held the price strong above the support level of…

---

Filed under: News - @ December 26, 2023 5:14 pm