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XTZ, the native cryptocurrency of theblockchain, is outperforming the rest of the market on Thursday after soaring to a four-week high of $2.23.
A minor correction has brought the asset’s price down to $2.15 by press time, which still represents an increase of more than 7.12% in value in the past 24 hours, according to data provided by CoinMarketCap.
XTZ is also up nearly 12% over the last seven days.
Similar to, Tezos is a platform enabling developers to create decentralized applications (dApps), with some most popular use cases including decentralized finance ( ) and the sector.
The key difference is that instead of the energy-hungry proof-of-work mechanism, it relies on the “eco-friendly” consensus algorithm.
The sea of calm
The rest of the market is trading mostly sideways at the moment.
(BTC), the industry’s largest cryptocurrency by market capitalization, is down just 0.4% over the past day, changing hands at $30,119.
Other major cryptocurrencies, including Ethereum,(BNB), (ADA), and (DOGE) are following the trend, with one notable exception among the top ten largest assets being (SOL), which is up 4.16% in the past 24 hours.