Tezos Is Booming, and Crypto Enthusiasts Want to Know Why
Tezos completed its Athens upgrade today. Its price has been trending upward all week. | Image from Shutterstock.
Tezos is on fire, moving up from 45 cents a week ago to a high of over 60 cents. The change in bitcoin’s price probably isn’t enough to do that by itself, and Tezos has been charting steadily in both markets in the same direction. Luke Martin, a trader and analyst, asked the question first:
Why is everyone talking about Tezos?
— Luke Martin (@VentureCoinist) March 20, 2019
Gains Not Based on Social Media Buzz
Santiment, a bot that follows the frequency of crypto terms in social media, noted that Tezos hasn’t seen a spike today:
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Neither did the social volume skyrocket. But it did pick up a little:https://t.co/9UclNxAoIG
Perhaps a while more before Everyone = Crowd. 😀 pic.twitter.com/IfERdMsyh9
— Santiment (@santimentfeed) March 20, 2019
Tezos sports on-chain governance. Ethereum founder Vitalik Buterin spoke to such models yesterday in a podcast. Buterin believes that on-chain governance may be overrated, while the governance model used by Ethereum is currently underrated.
Decentralized Governance Is All The Rage
Tezos founder Arthur Breitman recently pointed out that Tezos is partly responsible for increased interest in blockchain protocol governance: