15 October 2026
This Ethereum Competitor Soars In Price Despite Crypto Market Doldrums
One of the Ethereum (ETH) competitors is currently ruling the Crypto market and soaring this week in the wake of blooming network activity.
As per the Twitter post, a smart contract platform and self-amending blockchain Tezos (XTZ), has recorded a new monthly all-time high with more than six million contract calls, a measure of network activity, in January.
Currently, XTZ is trading at $3.77 with more 28%gains in a week.
Tim Draper, one of the high profile investors like billionaire venture capitalist are taking notice. Draper is very positive towards the project.
“Tezos requires less energy and is proof-of-stake, which ETH keeps promising to deliver but can’t… All the gamers are using Tezos for smart contracts, and longer-term they’ll be the real contracts, so I would guess that will do very well.”
According to The Athletic report, the Blockchain project has also collaborated with British soccer team Manchester United.
This deal is worth more than $22 million per year. The news came out after the smart contract platform’s price surge.
It’s not the first partnership for Tezos into the sports world. Previously, it has sponsored the New York Mets baseball team and partnered with Red Bull Racing Honda.
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