CAN - Why Tezos Avalanche and Canaan Are All Up This Week
Cryptocurrency tokens Tezos (CRYPTO: XTZ) and Avalanche (CRYPTO: AVAX) and shares of cryptocurrency mining solutions provider Canaan (NASDAQ: CAN) are up 40.33%, 29.43%, and 21.46%, respectively, in the past seven days. They are now respectively trading at $5.20 per token, $46.90 per token, and $9.79 per share as of 10:30 a.m. EDT today. The foundations behind the assets all saw major developments this week.
First of all, on Wednesday, Crypto Finance Group, InCore Bank, and Inacta selected the Tezos network to power their digital finance products with full regulatory compliance. In addition, InCore Bank launched storage, trading and staking for Tezos. Similar to Ethereum , Tezos powers smart contracts on its blockchain. However, the network does not require controversial hard forks to improve its functionality. Users can vote on protocol amendments put forth by developers in a way that resembles true "blockchain democracy."
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Why Tezos, Avalanche, and Canaan Are All Up This Week