Discussion about Tezos always includes its lawsuit litigation that concluded with a 25 million dollars agreement. Negative media coverage and Industry FUD played a crucial part in the case.
But the formerly disregarded “ghost chain,” with its coin’s price increase, NFT milestones, and important collaborations, appears to come back to life again. Crypto analyst and journalist Max Maher recently analyzed the history of this coin and what opportunities the future could bring.
Tezos is ready for upward rally
Max started with its journey and pointed out that the Tezos founder’s idea on proof-of-stake was “Groundbreaking” during its launch time.
He, however, finds that the founders Arthur and Kathleen Breitman didn’t think of using this idea’s hype to their advantage. He said that due to such basic negligence, the coin lacked strong marketing planning and models. This later became so poisonous that it started bringing suspicions about the project.
Max said that before this lawsuit and defaming of the coin, experts believed that the coin would surpass Ethereum or at least hold Cardano’s current ranking. However, at that time, it blurred, but it seems that the coin is back.
Recently, Doja Cat sold an NFT built on Tezos on the platform OneOf. According to Max, it boosted the coin’s reputation and the solid ideas behind it.
He also talked about other factors that contributed to its growth. It includes its Granada upgrade to bring some DEX features and its staking program. He added that the coin’s partnership with Swiss firms- Inacta, Incore, and Crypto Finance could bring more popularity to it.
Future brings more opportunities
Max explained that the carelessness, lack of users, and developers pushed the coin into the dark. However, the recent recovery signals a new approach and direction to Tezos. As per Max, the $25 million agreement also helped boost the confidence of investors.
In the end, Max concluded by saying that things seem to be great for the coin. But he also displayed his doubts about Tezos entering the list of top five cryptocurrencies soon.