Tezos price analysis: XTZ shows bearish momentum at $0.933

Tezos price analysis is bearish as the cryptocurrency has experienced a fluctuating movement in the past few days. Despite the bulls' persistent attempts to rally the market, their efforts have proven futile as the value of the coin has decreased from $0.982 on May 7th, 2023 to a ceiling of $0.923.

Timeline of Tezos

Tezos announced its next major network protocol proposal weeks after activating the Mumbai Protocol. The Nairobi Protocol will add several new features that can help the network in terms of growth.

Tezos [XTZ] registered a massive boost in its social engagement on 2 April 2023 as the metric exceeded the 26 million mark. The primary reason fueling this surge can be Tezos' latest Mumbai Protocol upgrade, which got activated a few days ago.

Tezos, a self-amending proof-of-stake blockchain, has activated its 13th core protocol upgrade, Mumbai, introducing Smart Rollups, a Layer-2 scaling solution, for faster transaction processing speeds.

Tezos (XTZ) has announced that its Mumbai upgrade is now live, bringing many improvements to the blockchain network, including higher scalability, support for general-purpose programming languages, and more.

The California Department of Motor Vehicles intends to adopt blockchain technology for keeping records, which will include issuing automobile ownership and simplifying exchanges of such ownership.

The Department of Motor Vehicles (DMV) in California is running a project to digitize all of its titles and put them on a blockchain. The project, which will use the Tezos blockchain and has the assistance of Oxhead Alpha, a crypto dev company, aims to allow users to transfer titles as NFTs in the future.

Tezos [XTZ] in its 134th issue of The Baking Sheet revealed several new updates that happened in its ecosystem over the last few days. The most prominent one was the Mumbai proposal entering the phase for voting.

Tezos (XTZ) network is readying itself for its latest upgrade, called the ‘Mumbai Upgrade.' On January 17, Nomadic Labs, which is a blockchain developer within the Tezos community, mentioned the Tezos protocol proposal, Mumbai, which is headed toward the implementation process.

Crunchy, a popular DeFi development team on Tezos (CRYPTO: XTZ), announced the development of the blockchain network's first decentralized fractional NFT platform, sliced.art. .@CrunchyTez , the team behind one of the most popular Tezos-based DeFi platforms is developing the first decentralized fractional NFT platform on #Tezos.

Tezos co-founder Kathleen Breitman talks about how the Tezos blockchain has used a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming with Decrypt's Stephen Graves onstage at Web Summit in Lisbon.