According to Cointelegraph Markets Pro and TradingView data, Tezos's (XTZ) price has rallied 165% to a high of $5.53 with its 24-hour trading volume surged above $1 billion. There are three reasons why XTZ price rallied- improvements made to the network through the recent ‘Granada’ upgrade, the adoption of the Tezos network by several large banking institutions, and attractive staking rewards that entice token holders to stake their coins on the network.