The crypto market has held a rather stable position in the last week, with many assets showing no significant price changes. In the midst of this quietness, a few assets like Tezos(XTZ) have been able to generate some excitement, recording positive price gains for many investors.
According to data from CoinMarketCap, Tezos (XTZ) has rallied by 16.54% in the last seven days, outperforming major assets such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) within that same period. Overall, XTZ has been one spectacular token in 2023, gaining by over 83% since the start of the year.
While numerous factors are driving up XTZ’s price, a notable factor in recent days is Tezos Foundation’s announcement of its partnership with cloud computing giant Google Cloud on Wednesday, Feb. 23.
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