It seems crypto winter is upon us and during times like these, projects that continue to forge ahead by focusing on development and expansion are often rewarded by traders who are looking to set up long positions where strong fundamentals trump the absence of short-term gains.
One project that has weathered the storm in the crypto markets to establish a new all-time high is Telos (TLOS), a blockchain network created with the EOSIO software that aims to bring speed and scalability to smart contracts for decentralized finance (DeFi), nonfungible tokens (NFTs), gaming and social media.
Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.42 on Jan. 10, the price of TLOS has soared 229% to a new high of $1.39 thanks in part to a record-high trading volume of $26 million.
Three reasons for the climbing price and momentum for TLOS include several new partnerships that increased awareness of the project, the launch of nonfungible token and decentralized finance projects on the TLOS network and the token's integration to the Anchor wallet.
The Telos network has seen several new partnerships and integrations in recent weeks that have helped bring a new level of public awareness to the protocol.
One of the most notable integrations was with DappRadar, which helps followers keep track of decentralized applications (dApps) on the Telos network.
Named as the #1 global #dApp ranking site for #NFT & #DeFi projects, #Telos is proud to announce an integration with @DappRadar!You can now keep track of exciting new dApps on the #TelosEVM and keep a pulse on the #TelosEcosystem as we introduce new experiences for our users pic.twitter.com/Dkm4MX70Bf
The Telos Foundation also revealed a partnership with the
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