It looks like a crypto winter is here. Why did TLOS value reach a new record? Accordingly, at such times, projects that continue to move forward and develop are often rewarded by traders who try to create long positions, where strong foundations outweigh short-term gains. One of the projects that overcome the storm in the crypto markets to establish a new all-time high is TLOS. It isa Blockchain network on the EOSIO software. It aims at speed and scalability in DeFi smart contracts, NFTs, social media, and games.
The latest data show that since January 10, the price was at $0.42. The cost of TLOS increased by 229%; Total new up to $1.39; In part, thanks to a record high trade volume of $26 million. The reason for the rising cost and momentum of TLOS includes several new partnerships. Subsequently, they raised awareness about the project and launched an irreplaceable token and decentralized financial project in the TLOS network; Token integration in Anchor wallet.
The Telos network saw several new partnerships in recent weeks; This contributed to a new level of public awareness in the protocol. One of the most noticeable integrations was with DappRadar; This helps followers keep track of decentralized applications on the Telos network. Telos Foundation will enter into a partnership with BikeChain; Which will process all its transactions on the Telos blockchain. It is worth noting that Telos’s focus is on launching many new DeFi and NFT applications on the network; This, in turn, helps to attract liquidity and customers to the protocol.
Recently, the network released OmniDEX; the first decentralized exchange on the Telos network. Other projects recently launched on Telos include tofuNFT, TelosPunks NFT, APPICS, and the AristotleDAO DeFi protocol.
Conclusion
The latest development came from the Telos ecosystem, which coincided with price increases; It was a network integration with Anchor Wallet. This integration with Anchor allows TLOS owners to access networked applications securely; Including Decided Voter, Telos Web Wallet, and the Staker One platform.
It is worth noting that according to 2022 data, the most popular cryptocurrency of the year has a rather difficult period. Consequently, no positive changes have been observed in this regard so far. However, some analysts believe that we should expect records and highlights after the highest drop. Also, we are left to hope that the price of Bitcoin will return to positive dynamics shortly.
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