Why Tezos Is Up 8% Today
Among the top cryptocurrencies investors are placing bullish bets on today is Tezos (CRYPTO: XTZ). As of 10:15 a.m. on Tuesday, Tezos was up 8% over the past 24 hours, surging to its highest levels in more than a week. In fact, most of 2022's gains for Tezos have been seen over the past 24 hours alone.
This move comes following a very strong 2021, which saw Tezos roughly double. It has been picked up by a number of institutional players in the security token space, including tZERO and Elevated Returns, two major exchanges using the Tezos blockchain. Additionally, a number of high-profile marketing partnerships, non-fungible token (NFT) projects, and developers enhanced the value of the Tezos ecosystem last year. This momentum appears to be spilling over into 2022.
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Source Fool.com
