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HomeTop NFT CollectionTezos: Is Mumbai upgrade the only reason behind XTZ’s price rise? 

Tezos: Is Mumbai upgrade the only reason behind XTZ’s price rise? 

  • Tezos’ Mumbai upgrade has entered the proposal stage for voting.
  • The XTZ indicator has remained bullish for the past 30 days.

Tezos [XTZ] Issue 134 of The Baking Sheet reveals some new updates that have occurred in the ecosystem over the past few days. The most prominent was Mumbai’s proposal, which entered the voting stage.

Realistic or not, here it is Market cap of XTZ in BTC Clause

Mumbai’s proposal brings several new features that significantly improve the network’s capabilities and offerings. For example, an upgrade reduces block time to 15 seconds.

This time savings is achieved by fully deploying the improved pipeline. Additionally, Mumbai allows tickets to be transferred not only to and from smart contracts and rollups, but also between user his accounts.

A new product from Tezos’ NFT space

Ledger hardware wallets are popular among NFT collectors and artists who want to protect their collections and artwork. Objkt integration now supports Tezos NFTs in the Ledger Live app.

Ledger Live allows users to securely view Tezos NFT collections. not only that, Tezos NFT ecosystem last week. Santiment’s charts reveal that the total number of NFT trades and total trading volume in USD have surged over the past few days.

Source: Santimento

read Tezos [XTZ] price prediction 2023-24

How was XTZ?

in the past week, XTZ‘s price action was in line with investor interest as it recorded gains. According to CoinMarketCap, the price of XTZ is up more than 8% of his, and at the time of writing he is trading at $1.12, making him over $1 billion in market capitalization.

XTZ development activity has also increased in recent weeks, thanks to a planned upgrade. Positive sentiment towards XTZ has remained fairly consistently high, reflecting the community’s trust in the token.

XTZ was in demand in the futures market due to Binance’s relatively high funding rate.However, XTZ volatility is reduction It has risen significantly over the past few days, potentially halting the token’s ongoing uptrend.

Source: Santimento

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