CandleFocus All eyes on $1.46 after Tezos (XTZ) hits 8-month high following Everstake staking
2024-11-19
Author: Content Editor
Tezos (XTZ) has experienced a significant increase in price, surging over 64% in 24 hours and reaching its highest level in eight months. This surge can be attributed to two key developments: Everstake's announcement of tez staking, offering attractive rewards, and a positive report on the network's growth. The network has seen increased interest in staking and a 46% increase in network activity. Tezos' performance in the gaming industry and partnership with Manchester United have also contributed to its recent success. Technical indicators suggest bullish sentiment, but Tezos faces challenges from competitors and a lack of success in the NFT space.
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