Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin traders are again profit, but do they ignore these warning signals?

2025-05-18

Cardano traders, is it time to rotate in the $ 0.78 dipzone from Ada? – Judgement …

2025-05-18

Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18

    The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

    2025-05-17

    Cardano (ADA) Founder reveals long-awaited AirDrop details! Will be distributed among 37 million portfolios! – Some users cannot receive AirDrop!

    2025-05-17
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Why XTZ failed to put up a bold front despite Tezos’ striking performance
Altcoins

Why XTZ failed to put up a bold front despite Tezos’ striking performance

2023-07-28No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • Messari’s latest report stated that Tezos saw a favorable Q2 albeit with roadblocks 
  • Despite that, XTZ favored the bulls and indicators didn’t show any signs of a reversal in the near future 

Tezos [XTZ] witnessed a great Q1 thanks to the explosion of NFTs and DEX activity on the chain as reported by AMBCrypto. Additionally, Tezos stayed true to its path and continued to grow in Q2 as per this latest tweet from Nick Garcia, an analyst at MessariCrypto.

State of Tezos Q2 2023@tezos is making significant progress in its rollup roadmap, with the introduction of WASM rollups and an EVM-compatible rollup on testnet.

The 14th upgrade, Nairobi, is now live and Tezos core developers unveiled the Data Availability Layer (DAL).

🧵 pic.twitter.com/bnP1PhkeFP

— Nick Garcia (@NickDGarcia) July 27, 2023


Is your portfolio green? Check the Tezos Profit Calculator


Roadmap to success!!

As per recent data, Tezos managed to display some stability in terms of its activity as compared to Q3 and Q4 2022 and Q1 2023. Additionally, Tezos account-related metrics showed moderate performance from the network in Q2 2023.

Recall that Tezos witnessed an extremely strong performance in Q4 of 2022 and Q1 2023.

Source: Messari

On the development front, the launch of the Mumbai upgrade and Smart Contracts Optimistic Rollup functionality could prove beneficial for Tezos. This is because the launch is expected to surge the number of developers flocking to the network. This was surely a positive development for the growth of the chain.

However, as per Messari, the network did witness a drawback on the financial front. Tezos’ circulating market cap went up from $0.3 billion in Q4 2022 to $1.03 billion. This accounted for a 54.5% surge in the circulating market cap.

See also  Solana (SOL) at record high, buying opportunity?

However, in Q2 2023 Tezos’ market cap witnessed a 30% drop and stood at $0.72 billion. This wasn’t a great sign for the network.

Source: Messari

It’s all red for XTZ

If XTZ’s plummeting market cap wasn’t enough, its performance on the daily chart screamed bears. At press time, the altcoin was exchanging hands at $0.792 and was almost 3% lower than its opening price for the day.

Additionally, a look at market indicators also showed that the XTZ was under the influence of the bears. The Relative Strength Index (RSI) stood at 43.30 and has been on a downward trajectory since 13 July.


How much are 1,10,100 XTZs worth today?


The Money Flow Index (MFI) too headed south indicating the outflow of money from the asset. To add to the misery, XTZ’s Moving Average Convergence Divergence (MACD) indicator also saw a bearish crossover on 23 July.

Source: TradingView

Despite the disappointing performance on the price front, Tezos still managed to maintain its dominance in ecosystem growth. As per Messari, Tezos witnessed a rise in its total value locked (TVL), users, and stablecoin growth.

Additionally, NFT marketplaces continued to stay in the lead despite declining activity on the NFT front.

 



Source link

Bold failed front performance put striking Tezos XTZ
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano traders, is it time to rotate in the $ 0.78 dipzone from Ada? – Judgement …

2025-05-18

Chain link in the fog – a reversal of $ 15.85 can free the path

2025-05-18

The sale of Chainlink starts: will the retail trade hold the line this time?

2025-05-18

Genius Act votes on May 19: Will the US finally regulate Stablecoins?

2025-05-17
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Hot Wheels Introduces New NFT Collection: Garage Series 6

2023-09-01

The immutable zkEVM Mainnet will launch in December 2023

2023-10-07

Bitcoin Reaches $106K ATH, But What’s Keeping Ethereum From Reaching $4K?

2024-12-16
Editors Picks

VanEck predicts $40 billion inflows into Bitcoin ETFs and $100,000 BTC by 2024

2023-12-08

Bitcoin: How Whales Help BTC Stay Above $70,000

2024-03-12

Atomic Wallet faces backlash after ‘updating security infrastructure’ without revealing cause of $100,000,000 hack

2023-06-28

US lawmakers accuse founders of Digital Asset Firm of collaborating with the Chinese Communist Party

2023-07-12
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin traders are again profit, but do they ignore these warning signals?

Cardano traders, is it time to rotate in the $ 0.78 dipzone from Ada? – Judgement …

Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,938.211.04%
  • ethereumEthereum(ETH)$2,506.741.62%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.392.20%
  • binancecoinBNB(BNB)$646.200.92%
  • solanaSolana(SOL)$171.622.71%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2243574.59%
  • cardanoCardano(ADA)$0.76-0.09%
  • tronTRON(TRX)$0.2722961.12%
  • suiSui(SUI)$3.841.67%
  • chainlinkChainlink(LINK)$15.682.88%
  • avalanche-2Avalanche(AVAX)$23.021.87%
  • stellarStellar(XLM)$0.2896021.38%
  • hyperliquidHyperliquid(HYPE)$26.85-0.29%
  • shiba-inuShiba Inu(SHIB)$0.0000154.32%
  • hedera-hashgraphHedera(HBAR)$0.1938321.86%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-2.96%
  • bitcoin-cashBitcoin Cash(BCH)$398.621.22%
  • the-open-networkToncoin(TON)$3.101.71%
  • polkadotPolkadot(DOT)$4.762.27%
  • litecoinLitecoin(LTC)$98.530.45%
  • moneroMonero(XMR)$344.062.07%
  • bitget-tokenBitget Token(BGB)$5.245.94%
  • pepePepe(PEPE)$0.0000138.28%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.734.90%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.932.11%
  • bittensorBittensor(TAO)$421.461.01%
  • aaveAave(AAVE)$227.482.12%
  • nearNEAR Protocol(NEAR)$2.771.88%
  • aptosAptos(APT)$5.191.69%
  • okbOKB(OKB)$53.130.44%
  • ondo-financeOndo(ONDO)$0.932.31%
  • kaspaKaspa(KAS)$0.112127-0.83%
  • ethereum-classicEthereum Classic(ETC)$18.411.26%
  • internet-computerInternet Computer(ICP)$5.241.52%
  • gatechain-tokenGateToken(GT)$21.520.55%
  • crypto-com-chainCronos(CRO)$0.0993931.70%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.963.36%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2386783.52%
  • mantleMantle(MNT)$0.741.26%
  • vechainVeChain(VET)$0.0283652.50%
  • render-tokenRender(RENDER)$4.642.73%
  • ethenaEthena(ENA)$0.3792205.51%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • filecoinFilecoin(FIL)$2.873.46%
  • algorandAlgorand(ALGO)$0.2222322.80%
  • arbitrumArbitrum(ARB)$0.3892383.65%
  • bitcoinBitcoin(BTC)$103,938.211.04%
  • ethereumEthereum(ETH)$2,506.741.62%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.392.20%
  • binancecoinBNB(BNB)$646.200.92%
  • solanaSolana(SOL)$171.622.71%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2243574.59%
  • cardanoCardano(ADA)$0.76-0.09%
  • tronTRON(TRX)$0.2722961.12%
  • suiSui(SUI)$3.841.67%
  • chainlinkChainlink(LINK)$15.682.88%
  • avalanche-2Avalanche(AVAX)$23.021.87%
  • stellarStellar(XLM)$0.2896021.38%
  • hyperliquidHyperliquid(HYPE)$26.85-0.29%
  • shiba-inuShiba Inu(SHIB)$0.0000154.32%
  • hedera-hashgraphHedera(HBAR)$0.1938321.86%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-2.96%
  • bitcoin-cashBitcoin Cash(BCH)$398.621.22%
  • the-open-networkToncoin(TON)$3.101.71%
  • polkadotPolkadot(DOT)$4.762.27%
  • litecoinLitecoin(LTC)$98.530.45%
  • moneroMonero(XMR)$344.062.07%
  • bitget-tokenBitget Token(BGB)$5.245.94%
  • pepePepe(PEPE)$0.0000138.28%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.734.90%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.932.11%
  • bittensorBittensor(TAO)$421.461.01%
  • aaveAave(AAVE)$227.482.12%
  • nearNEAR Protocol(NEAR)$2.771.88%
  • aptosAptos(APT)$5.191.69%
  • okbOKB(OKB)$53.130.44%
  • ondo-financeOndo(ONDO)$0.932.31%
  • kaspaKaspa(KAS)$0.112127-0.83%
  • ethereum-classicEthereum Classic(ETC)$18.411.26%
  • internet-computerInternet Computer(ICP)$5.241.52%
  • gatechain-tokenGateToken(GT)$21.520.55%
  • crypto-com-chainCronos(CRO)$0.0993931.70%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.963.36%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2386783.52%
  • mantleMantle(MNT)$0.741.26%
  • vechainVeChain(VET)$0.0283652.50%
  • render-tokenRender(RENDER)$4.642.73%
  • ethenaEthena(ENA)$0.3792205.51%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • filecoinFilecoin(FIL)$2.873.46%
  • algorandAlgorand(ALGO)$0.2222322.80%
  • arbitrumArbitrum(ARB)$0.3892383.65%