3 reasons why Tezos (XTZ) price broke its downtrend with a 50% rally

3 reasons why Tezos (XTZ) price broke its downtrend with a 50% rally

2021 has been a breakout year for the cryptocurrency market and aside from Bitcoin price soaring to new highs, the emergence of a vast decentralized finance (DeFi) ecosystem and the rising popularity of nonfungible tokens (NFTs) has thrust blockchain technology into the mainstream in a way that looks guaranteed to ensure mass adoption.

One project that has benefited from its focus on NFTs and the ongoing green revolution is Tezos (XTZ), a layer-one smart contract protocol that is capable of evolving its network without needing to undergo a hard fork.

XTZ/USDT 1-day chart. Source: TradingView
XTZ daily transaction volume vs. total revenue. Source: Token Terminal
VORTECS™ Score (green) vs. XTZ price. Source: Cointelegraph Markets Pro

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