XTZ Gains 16% As Tezos Foundation Announces Partnership With Google Cloud
24 Februar 2023 - 04:30PM
NEWSBTC
The crypto market has held a rather stable position in the last
week, with many assets showing no significant price changes. In the
midst of this quietness, a few assets like Tezos(XTZ) have been
able to generate some excitement, recording positive price gains
for many investors. According to data from CoinMarketCap,
Tezos (XTZ) has rallied by 16.54% in the last seven days,
outperforming major assets such as Bitcoin (BTC), Ethereum (ETH),
and Ripple (XRP) within that same period. Overall, XTZ has been one
spectacular token in 2023, gaining by over 83% since the start of
the year. While numerous factors are driving up XTZ’s price, a
notable factor in recent days is Tezos Foundation’s announcement of
its partnership with cloud computing giant Google Cloud on
Wednesday, Feb. 23. However, before that, Tezos(XTZ) has been
trending due to the constant buzz surrounding its Mumbai network
update. While still in the voting stage, the Mumbai update promises
to improve several capabilities of the Tezos blockchain, for
example, reducing the block production time to only 15
seconds. At the time of writing, Tezos is trading around
$1.29, with a daily trading volume of $68.82 million. Based on more
data from CoinMarketCap, the altcoin has a market cap value of
$1.20 billion and is the 49th largest cryptocurrency in the
world. XTZ trading at $1.28 | Source: XTZUSD Chart on
Tradingview.com Related Reading: Tron (TRX) Holds Gains On Weekly
Chart Amidst Top Coins’ Corrections Tezos Partners Up With Google
Cloud On Wednesday, the Tezos Foundation announced its partnership
with Google Cloud to “accelerate web3 application development on
the Tezos blockchain”.To achieve such a goal, this collaboration
will allow Google customers to easily become “bakers” (network
validators ) on the Tezos blockchain. Google Cloud itself
will also serve as a baker on the Tezos network, joining the
popular gaming brand Ubisoft. Furthermore, this partnership will
enable Google customers to easily build and deploy web3
applications. Using the combined infrastructure of Tezos blockchain
and Google Cloud services, developers and companies will also be
able to host Remote Procedure Call (RPC) nodes for various
decentralized applications. Another exciting benefit of the
partnership between Google Cloud and Tezos is that Tezos incubator
startups are now qualified to receive Google Cloud credits and
mentorship courses through the Google for Startups Cloud Program.
That said, other notable brands with which Tezos has partnered in
recent years include English Football Club Manchester United and
the California Department of Motor Vehicles. Related Reading:
Dogecoin (DOGE) Slips 3% As Major Cryptos Face Significant Losses
Tezos (XTZ) Price Prediction 2023 So far, Tezos (XTZ) has been one
of the most promising tokens in 2023, garnering a lot of attention.
There are so many investors who wonder what heights or lows this
altcoin could reach this year. At Coincodex, they predict the
XTZ will gain by 7.91%, hitting a price of $1.38 in the next five
days. However, their forecasts also projected the token to return
to its current price region in 30 days’ time, trading at around
$1.31. Meanwhile, DigitalCoinPrice, another price prediction site,
provides a long-term outlook on the appreciation prospects of
Tezos. According to their predictions for 2023, Tezos is expected
to hit a peak price of $2.14 before the year runs out. They also
anticipate the token’s minimum and the average price to be around
$1.79 and $1.89, respectively. That said, investors should
remember these price predictions are speculations and do not
represent financial advice. Featured Image: Shrimpy Academy, Chart
from TradingView
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