Tezos (XTZ) Surges 14% For Today: Should You Invest Right Now?

Tezos is currently trading at $7.60, a gain of 14% in the last 24 hours. Before that, the cryptocurrency with a significant value has varied with an average of $7.22. On September the market cap represents $6,434,337,212. Non-fungible tokens (NFTs) are becoming extremely popular among celebrities. Musicians have released NFT records, artists have moved their skills to the digital arena, and many have launched their artistic careers due to NFT art.
Cryptocurrency prices today: Bitcoin falls to $45,000 after massive crash, Ether tumbles 15% - Business NewsBut while many of these artists have stuck to the Ethereum network for their releases, hip-hop starlet Doja Cat is taking a different route. The Tezos network is receiving a significant boost thanks to her latest NFT version. Investors are now looking for Tezos price predictions. Doja Cat’s NFT project is unique in that her tokens are distributed via Tezos rather than Ethereum. The performer claims that the network’s decreased energy consumption influenced her decision to release Tezos compared to Ethereum. It takes considerably less energy to complete transactions on a proof-of-stake network than on a proof-of-work network like Ethereum.

April Sanchez

Business and Tech Reporter