Tezos recorded a 50% increase within the last month
Tezos (XTZ) has increased in the last three days by 28 percent and exceeding that of Bitcoin, which has risen in the same period by 11 per cent. Three main factors for the strong dynamics of the crypto-currency is responsible.
Three factors that drive the price of Tezos in height, are a thriving Ecosystem that is supported by large grants for projects, a stable asset portfolio of the Tezos Foundation, and in the medium term, optimistic technical structure of XTZ. Since August 2019, the Foundation has awarded within a period of only seven months, a total of 78 grants for new projects. In its report for the second quarter of 2020, the President of the Tezos Foundation, Ryan Jesperson said that the Ecosystem is growing rapidly and the interest in projects that build on the Blockchain network, which is growing strongly:
The rapid growth of the Ecosystem is clearly evident, and the interest in Tezos projects is increasing, both within and outside of the Tezos community. In September 2019, the Tezos Foundation announced its second cohort of grants for Tezos Ecosystems, where of 38 applications, 14 projects were approved. Recently, we announced with great joy the third cohort of grants for Ecosystems known, with 21 new projects from 90 applications have been accepted.
As a Governance Protocol, which acts as the basis of Blockchain-based applications and platforms, it is one of the few protocols that would largely benefit if a large number of developers would work on the infrastructure of the Blockchain network. Projects, which have been obtained from the Tezos Foundation grants how to BUIDL Labs and Blockmatics, will teach new developers coding Smart Contracts on the Blockchain. In the long term, the subsidies will lead to a consistent extension of the Blockchain-community of developers and productivity in the network increase.
The official Q2 report indicates that the Tezos Foundation to 31. January 2020 had a capacity of 635 million dollars. In the year 2017, the Blockchain-the project brought in a lot of note Initial Coin Offering (ICO) of approximately $ 232 million in Bitcoin and Ethereum. The current portfolio of assets, the Foundation has, is 173 percent higher than the capital it has deposited in to your ICO about three years ago. A financially healthy Foundation is crucial for maintaining a rapid rate of growth of the Blockchain Ecosystem and for the encouragement of other projects and developers, the network to expand. The fundamentals for Tezos therefore immensely strong.
Tezos course is one of the biggest winners of the past few months
Possibly also due to the strong fundamentals Tezos in the past few weeks, one of the biggest winner in the crypto market. The crypto currency has reached only two months ago, a record high and has since 12. March, which is also referred to as “Black Thursday” in the crypto market, a strong recovery. The XTZ price is currently a v-shaped recovery, which could indicate a very positive medium term technical Trend and further price gains for XTZ.
