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Tezos (XTZ)

Tezos Protocol to Take a Giant Leap Forward with Nomadic Labs’ “Mumbai” Proposal 

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Nomadic Labs, a prominent blockchain developer within the Tezos community, recently revealed that their latest Tezos protocol proposal, referred to as “Mumbai,” is now ready for implementation. 

According to the post, the main feature of the protocol upgrade proposal introduces the activation of smart rollups and the ability for anyone to deploy decentralized WebAssembly applications. It also offers a powerful scaling solution, providing users with dedicated computational and networking resources.

In addition, Epoxy, a new technology, has been introduced on the Mondaynet testnet in the form of Validity Rollups. This technology allows for faster transaction processing through SNARK’s proof-of-validity. 

Also, block propagation times have been reduced, resulting in a decrease in block time to 15 seconds. A new feature has also been added, allowing transferring of tickets between user accounts in Mumbai. New Michelson operations have been added to support logical operations on bytes similar to those already available for nat, according to the blog post.

Arthur Breitman, the co-founder of Tezos, has declared the latest upgrade for the popular proof-of-stake blockchain as one of the most transformative. In a tweet, he stated that this upgrade is the biggest yet. 

He claims that it brings unprecedented scalability by implementing smart rollups, which are supported by the core protocol and allow for fully customizable app chains. Additionally, several other improvements have been made further to cement Tezos’ technical leadership in the industry.

Tezos Protocol Proposal Disables TORUs On Mainnet

The Mumbai proposal also deactivates Transaction Optimistic Rollups (TORUs) on Mainnet. TORUs, which had become enabled on Mainnet as of Jakarta in mid-2022, were the first optimistic rollup implementation and a crucial first step of the scalability roadmap presented in March.

When transaction rollups were released, they were intended to be a temporary measure; the inclusion of a sunset date confirmed this. Now that Smart Rollups are being launched on the Tezos Mainnet continuing with transaction rollups no longer makes sense, as Smart Rollups offer the same functionality.

If the community chooses Mumbai, the blog post states that the transaction rollup feature will be permanently disabled upon activation on Mainnet, resulting in the loss of deposited tickets and the inability for operators to retrieve their ꜩ 10,000 bonds. However, as of now, there are no transaction rollups on Mainnet.

According to the blog post, if Mumbai is chosen by the community, upgrading to Octez version 16.0 or higher will be required to participate in the consensus. A release candidate for Octez v16.0 will be available soon, and a test network for the protocol, Mumbainet, is also set to launch soon.

Related Reading | Shiba Inu Fiat Transactions Now Gain Support From S.Korea’s Largest Exchange

Along With AAVE Robinhood Enables Transactions Of These New Tokens

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According to a recent tweet, the stock brokerage app Robinhood has made transfers for Aave (AAVE), Stellar (XLM), and Tezos (XTZ) possible. These tokens can now be sent and received on Robinhood by users.

This year saw widespread adoption in the crypto-sphere. Popular trading platform Robinhood later added several different cryptocurrencies and increased its market share. During this time, rumors that Robinhood would be purchased by the cryptocurrency exchange FTX started to circulate. The platform set out on a new adventure as those rumors were put to rest.

The native cryptocurrency of Stellar, a blockchain-based payment network, is Stellar Lumens (XLM), while AAVE is the original asset of Aave, a decentralized finance protocol that enables crypto lending and borrowing. The native coin of Tezos, an open-source blockchain that supports peer-to-peer transactions and works as a deployment platform for smart contracts, is called XTZ.

Avalanche (AVAX) transfers were made possible last September when Stellar (XLM) and AVAX were both listed on Robinhood in August. Even though the trading platform initially seemed to take a cautious approach to listing digital assets, its cryptocurrency offering has significantly risen this year.

Robinhood lists AAVE and XTZ

The major stock trading firm added the DeFi cryptocurrency AAVE earlier this week, according to a tweet from the Robinhood account. The token’s placement alongside Tezos (XTZ) was made known by a cryptocurrency listing bot. On the official Robinhood website, both coins are now visible.

Earlier this month, USD Coin (USDC), the second-largest stablecoin by market capitalization, was listed on Robinhood. The overall number of cryptocurrencies supported by Robinhood is 19, including the first stablecoin, USDC, as well as Bitcoin, Ethereum, Litecoin, ADA and Dogecoin.

The company has launched a number of additional coins this year, including Shiba Inu, Polygon, Solana, and Chainlink, bringing the platform’s total number of cryptocurrencies in its portfolio to 19.

However, the SHIB listing on the well-known trading platform Robinhood was unquestionably a huge milestone. The Shiba Inu community wanted its preferred token to be featured also as a result of the rising interest in Dogecoin [DOGE] on the platform. As a result, several tweets and even a petition were created pleading with Robinhood to include the meme coin. Finally, SHIB obtained one of the most sought-after listings on 12 April 2022.

Tezos [XTZ] unites with crypto lending platform Celsius: More details

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Tezos [XTZ] officially integrates with the leading crypto earning and borrowing marketplace Celsius as per the press release. The latest integration of Tezos into the lending platform adds to the growing desire for high-flying cryptocurrencies beyond the flagship assets- Bitcoin [BTC] and Ethereum [ETH]. According to the blog post, the altcoin which is built on a pioneering proof of stake [POS] protocol has proven to successfully upgrade itself to increase operational efficiencies. Further, it claims deployments on Tezos have increased by a whopping 15,000% in 2021 and the network has eclipsed nearly 50 million transactions.

In addition to that, the latest inclusion was made possible by the Tezos Israel adoption and innovation hub. In context with the Celsius network, the lending forum enables individuals’ to unbank themselves with compounding yield on crypto, as well as fee-free purchases and transactions’.

On top of that, in less than a year, the Celsius Network has grown its total asset holdings from $1 billion to over $28 billion. This asset growth trajectory continues with further addition close to $1billion a month in new assets, as the firm nears the number one position in total asset holdings in the crypto industry.

Tezos ETF launch- a testimony of its growing popularity

Earlier on December 13th this year, crypto-asset management firm ETC Group launched an institutional-grade Tezos exchange-traded product [ETP] on Europe’s Deutsche Börse XETRA under the token name EXTZ. The launch of EXTZ brings the native coin XTZ closer to investors located in 16 European Union countries as the institutional appetite for high-performing altcoin products rapidly rises.

Metachain spurs more Liquidity into Tezos Ecosystem

A few days ago, the proof of stake protocol has opened its arms to ShuttleOne – a unique Metachain project aimed at addressing the fragmentation issues in the crypto industry and add liquidity. For starters, Metachain is an infrastructure that unites all distributed ledgers and cryptocurrencies into an ultimate cross-chain protocol. The adoption of Tezos by ShuttleOne is marked by the upcoming launch of its native $SZO token on the XTZ blockchain on its Instaraise IDO platform.

In short, Tezos with its features such as low transaction fees, high-security standards, and self-amending nature has made it one of the most sought-after blockchain protocols for dApps and Web3.0 applications.

Tezos [XTZ] soars by 68% in 4 days following high profile partnership

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Tezos’s [XTZ] price skyrocketed by more than 68% in a short span of time after the last week’s flash crash that saw major crypto assets capitulating under intense sell pressure. Tezos started the week on a fairly quiet note rising by a modest 10% on 7th December which dramatically changed when the smart-contract platform’s token jumped by 16% in a span of just 15 minutes on massively higher trading volume.

At the time of writing, the asset was changing hands at $5.49 surging by more than an impressive 27% in the last 24 hours. Its market cap was found to be at $4.77 billion. The native token’s 24-hour trading volume stood at $1.52 billion. Let’s delve deeper into the price technicals.

Tezos [XTZ] 1-day price chart analysis

XTZUSDT 2021 12 08 14 47 53

From the above daily chart, the diverging Bollinger Bands [BB] indicator is depicting the possibility of price volatility in the coin market. With respect to the trading aspect, the Relative Strength Index [RSI] climbing just above the half-line is projecting buyers struggle to gain control amidst a minor price pullback Further, the candles flipping to the green of the Awesome Oscillator [AO] is gearing towards a much-needed switch to bullish price movement in the asset market.

Reason behind Tezos’ incredible price recovery

The native token’s overall optimistic outlook is attributed due to the recent announcement of a high-profile collaboration with French video game giant Ubisoft. The gaming entity launched Ubisoft Quartz, a platform where users can purchase unique NFTs called Digits, that can be used in-game and most importantly incorporated on the Tezos blockchain. Further, the press release revealed that the beta version for Ubisoft Quartz is scheduled to launch on December 9, this year.

The Blockchain gaming sector has emerged as one of the sought-after crypto spaces in recent times and the latest partnership with one of the largest video gaming firms in the world could impact the Tezos ecosystem tremendously.

Polkadot, Tezos, Chainlink Technical Analysis On 11th November 2020

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A reversal of trend was underway as the entire crypto community was turning green since yesterday’s dainty slump. Polkadot along with a few other coins like Ethereum and Chainlink was seen contributing to this change. The global market cap of the crypto-verse was also in sync with the current market as it was surging by 0.36% pushing the final digits to $447.38 billion. After garnering gains up to 12.35% over the last seven days, Bitcoin was dominating the crypto market by 63.9%.

Polkadot [DOT]

This fairly new coin caught the eye of many with its entry into the top ten. Even though DOT fell off a few spots, it continued to remain in the top ten with its market cap at $3.952 billion. At the time of writing, DOT had surged by 2.66% over the last 24 hours, pushing its price to $4.51. The altcoin managed to secure gains up to 13% over the last seven days.

Polkadot, Tezos, Chainlink

The Parabolic SAR indicator formed dotted lines below the candlesticks and immunized DOT from any potential downward breakout. The Relative Strength Index indicator also followed suit by revealing strong buyers’ sentiment in the DOT market. The DOT market was seen recovering from its recent trip to the overbought zone.

Tezos [XTZ]

XTZ was also seen aiding to the reversal of trends that the crypto market is headed towards. After acquiring gains of over 15% over the last seven days, the altcoin was trading at $2.14, during the time of writing. XTZ was surging by 1.61% over the past 24-hours with a market cap of $1.606 billion.

Polkadot, Tezos, Chainlink

It seemed like XTZ was going the other way as a bearish sentiment was witnessed in the XTZ market. The Awesome Oscillator welcomed the bears with the formation of red closing bars. The MACD line slumped below the signal line and formed a bearish crossover.

Chainlink [LINK]

LINK was the star of the last week following a 28.28% surge over the last seven days. Similar to Polkadot, Chainlink also entered the crypto sphere recently. The altcoin was trading for $13.11, at the time of writing and was increasing by 2.81% over the previous 24-hours.

Polkadot, Tezos, Chainlink

The uptrend that has been taking over the market is rather temporary as the bears were prepping to enter it. The Chaikin Money Flow indicator bid adieu to the bullish realm and was journeying into the bearish territory. The Klinger Oscillator formed a bearish crossover and revealed its stance to the community.

Chainlink, Tezos, Stellar Lumens Technical Analysis On 10th November 2020

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The cryptocurrency market, including numerous altcoins along with Chainlink, Tezos, and Stellar Lumens, was in the consolidation phase as a minor pullback triggered a retreat. The global market cap decreased by 1.39 percent over the last 24 hours and currently stands at $440.3 billion.

Chainlink [LINK]:

LINk 4 e1605009022111

Over the past 24-hours, ChainliUnk [LINK] noted a minor surge of 0.84% which pushed its price to $12.76. At the time of writing, LINK registered a market cap of $4.99 billion while holding a 24-hour trading volume of $1.83 billion.

After a renewed bullish trend, LINK has managed to steadily soar higher. The rising gauge following a bullish crossover in Klinger Oscillator evidenced the increasingly positive sentiment for the token. The Awesome Oscillator also flipped bullish momentum after quite some time.

If the bulls manage to defend this crucial level, it could target the nearest resistance of $16 as it found firm support at $8.76

Tezos [XTZ]:

XTZ e1605009253902

Tezos [XTZ] declined by 0.38% over the last day as it stood at a price of $2.12 while holding a market cap of $1.58 billion and a 24-hour trading volume of $174 million, at the time of writing.

XTZ bullish attempts have been stalled numerous times. However, the Chaikin Money Flow noted a spike above the zero-line above depicting a rise in terms of the capital inflow in the XTZ market. Mimicking the latest price action, the MACD also flipped bullish crossover depicting a much-needed reversal.

XTZ’s immediate resistance level was found to be at $2.61 while its support stood at $1.85

Stellar Lumens [XLM]:

XLM e1605010452208

Stellar Lumens [XLM] noted a 0.31% increase over the past 24-hours driving its value to $0.0813. At the time of writing, the token recorded a market cap of $1,701 and a 24-hour trading volume of $164 million.

The dotted markers of Parabolic SAR aligned below the XLM candlesticks firmly supporting the coin from a decline. Additionally, RSI also rose above the 50-median depicting a sentiment of increasing buying pressure among the investors of the coin market.

The rising bullish pressure signaled a potential breach of XLM’s nearest resistance point of $0.086. In case of a trend reversal, however, Stellar Lumens could retrace its steps to its immediate support level of $0.071

Litecoin, Stellar, Tezos Technical Analysis On 6th November 2020

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The crypto-verse was seen enjoying a streak of an uptrend for the past few days. Even though all the coins like Litecoin, Stellar, Chainlink, and others were seen surging, the crypto community had eyes on Bitcoin. BTC had pushed past $15K with a 7.62% rise over the last 24-hours. The global crypto market cap was in sync with the ongoing bull market as it had hit $445.29 billion with a 7.89% daily increase.

Litecoin [LTC]

Litecoin was the star of the latest crypto uptrend as it was surging by 13.84% over the last 24-hours. The altcoin continued trading for $62.58 securing its position as the eighth-largest cryptocurrency with a market cap of $4.11 billion.

Litecoin, Stellar , Tezos

The bulls were going to prolong their stay in the LTC market as the key indicators on the short term price chart of LTC were seen dancing with the bulls. The Parabolic SAR indicator screamed bulls by forming dotted lines below the candlesticks. The Relative Strength Index indicator was seen revealing a strong buyers’ sentiment as it was in the overbought zone.

Stellar [XLM]

Even though XLM is not a part of the top ten cryptocurrencies, XLM didn’t fall short. The altcoin was trading for  $0.08434 with a 14.32% rise over the last 24-hours. XLM was stood as the seventeenth-largest coin with a market cap of $1.762 billion, just below Justin Sun’s cryptocurrency TRX.

Litecoin, Stellar , Tezos

The indicators used in the short term price chart of Stellar were seen conflicting as they revealed contradicting notions. The MACD line took over the signal line and formed a bullish crossover, however, the Klinger OScillator welcomed the bears with the formation of a bearish crossover.

Tezos [XTZ]

With a market cap of $1.54 billion, Tezos found a place in the top twenty. The altcoin was one of the big winners of the latest bull market as it rose by 12.40% over the last 24-hours. The coin was trading for $2.06 at the time of writing.

Litecoin, Stellar , Tezos

XTZ could continue its hot streak as it was all bulls in its market. The Awesome Oscillator indicator formed green closing lines and suggested the presence of bulls. The Chaikin Money Flow indicator cried bulls as the marker was way above zero.

Tezos, Chainlink, Monero Technical Analysis On 21st October 2020

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After a rough week, the crypto-verse seemed to be sluggishly heading towards recovery. However, all eyes were on the king coin. Bitcoin had finally pushed past $12K was trading at $12,196.45 during the time of writing. The global crypto market cap had also surpassed $370 billion and sustained a 2.19% rise pushing the final digit to $372.44 billion, at press time.

Tezos [XTZ]

While most of the prominent cryptocurrencies were seen witnessing a dainty increase in their price, a few others were recording massive slumps. Tezos [XTZ] was one among the latter. The eighteenth largest coin was trading for $2.12 while its price was dropping by 4.78%. The coin endured a dip of 11.36% over the last seven days.

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A reversal of trend could be expected in the XTZ market as key indicators revealed that the bulls had made an entry in the short term price chart of Tezos. The Relative Strength Index [RSI] was in the buyers’ zone above the 50 median. Awesome Oscillator formed green closing bars inviting the bulls into the XTZ market.

Chainlink [LINK]

LINK was finally over its hot streak as the coin was one of worst-hit over the last few weeks. The altcoin continued its stay in the seventh position with a market cap of $4 billion. LINK was priced at $10.41, during the time of writing and was slumping by 3.34%.

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Bulls were undoubtedly kicking out the bears from the LINK market. The MACD line took over the signal line, just today forming a bullish crossover. The Klinger Oscillator further affirmed the invasion of bulls with the formation of bullish crossover.

Monero [XMR]

Privacy coin XMR was had transitioned beyond $100 all the way to $120 in a short course of time. However, it seemed like it wouldn’t retain its position for a long time as it was depleting by 4.06% over the last 24-hours. The coin was trading at $121.07 with a market cap of $2 billion, at press time.

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Looks like the bulls were entering the crypto market and ousting the bears. Several coins welcomed the bulls into their market and XMRwas one of them. The formation of dotted lines initiated by the Parabolic SAR indicator favored the bulls. The Chaikin Money Flow [CMF] indicator pointed out a bullish sentiment with the CMF indicator above zero.

Ethereum, Cardano, Tezos Technical Analysis On 10th October 2020

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The global crypto market was on a roll as it was seen surging by 4.92% over the last day. At the time of writing, the market cap of the crypto-verse was at $361.6 billion. The overall sentiment of the crypto market was on the positive side as the entire market was painted green. Bitcoin finally breached $11K and continued dominating the space by 58.4%.

Ethereum [ETH]

Ethereum seemed to be headed towards $400 once again as the altcoin was rising by 7.46% over the last 24-hours. The second-largest coin was trading at $376.12 during the time of writing, while its market cap was recorded at $42.48 billion.

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ETH was on the go as key indicators suggested that the altcoin could soon hit $400. The Chaikin Money Flow [CMF] indicator highlighted the presence of bulls as the CMF marker was way above zero. Awesome Oscillator synced with CMF as it formed green closing bars reassuring the occupancy of bulls in the ETH market.

Cardano [ADA]

After lounging away from the top ten, ADA found its way back as the altcoin took over the ninth position with a market cap of $3.29 billion. At press time, the coin was surging by 10.22% while its price remained at $0.1056. Over the last seven days, the coin had garnered a total of 12.33% gains.

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It was all good in the ADA market as a strong bullish presence was noted. The MACD indicator prolonged a bullish crossover that had taken place yesterday. The MACD line, however, was seen slightly converging towards the signal line. The Klinger Oscillator also formed a bullish crossover.

Tezos [XTZ]

Despite not being able to secure a place in the top ten, XTZ was turning heads with its price change. The altcoin was trading for $2.27 and was increasing by 8.33% over the last 24-hours. The market cap of XTZ was recorded at $1.7 billion.

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The bull run had surely started as the bulls were taking over almost every other market. The bulls had evaded the XTZ market as the Parabolic SAR indicator formed dotted lines below the candlesticks. With this formation the possibility of a downward breakout was obstinate. The Relative Strength Index [RSI] was on its way back from the overbought zone and continued to exhibit strong buyers’ sentiment.

Binance Coin, Tezos, Ethereum Technical Analysis on 8th October 2020

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The crypto industry was taking a break from being volatile as most of the coins were seen witnessing dainty changes in price. The market cap was also rising sluggishly by 0.30% and during the time of writing, the global crypto market cap stood at $334.78 billion. While Bitcoin continued reposing at $10,618, the king coin dominated the market by 58.7%.

Binance Coin [BNB]

Changpeng Zhao’s Binance Coin was seen falling back down after enjoying an uptrend over the past few weeks. The sixth-largest cryptocurrency with a market cap of $3.9 billion was trading at $27.01, at the time of writing. BNB was dropping by 1.28% over the last 24-hours and had endured a 6.96% dip in the last seven days.

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Looks like the bears had taken over the BNB market as the short-term price chart of BNB reported a strong bearish sentiment. With the formation of red closing bars, the Awesome Oscillator indicator was alerting the market of a bearish occupation. The Chaikin Money Flow [CMF] was aiding the claims of the Awesome Oscillator as the CMF market was below zero.

Tezos [XTZ]

XTZ was all the way in the seventeenth position with a market cap of $1.53 billion. The coin had endured more than an 11% plummet over the last seven days. At press time, the altcoin was priced at $2.05 while its daily drop was noted at 2.57%.

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The fate of XTZ was rather uncertain as both the key indicators used in the short term price chart of the altcoin gave contrasting opinions. With the signal line taking over the MACD line, the MACD indicator manifested a bearish crossover. However, the Klinger Oscillator was seen trying to open gates for the bulls with its bullish crossover.

Ethereum [ETH]

After grabbing the attention of the crypto-verse by hitting $400 multiple times over the last few months, ETH is most likely to take a long time to get there again. The second-largest coin was trading at $339.08 with an 8.01% dip in its price over the last seven days. The market cap of the altcoin stood untethered at $38.29 billion.

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Ethereum could continue its downtrend as the Parabolic SAR indicator formed dotted lines above the candlesticks. This is considered a bearish sign as the dotted lines hinder the possibility of an upward breakout. Lounging below the 50 median, the Relative Strength Index marker revealed sellers’ sentiment in the ETH market.