MEXCGoogle’s Latest Crypto Partnership News To Trigger This Altcoin’s Rally?
Google Crypto News: The Tezos blockchain team announced that Alphabet’s Google Cloud is now an official Tezos validator. This will essentially give Cloud customers access to the blockchain technology. This news sparked huge rise in interest in Tezos (XTZ) token. Hence, traders would be hoping for more bullish sentiment from the Google news for XTZ, a top 50 ranked coin by market cap.
Also Read: Terra Luna Classic Community Votes On Key Proposal Returning Binance LUNC Burn
Tezos is a smart contracts based blockchain network with flexibility to upgrade without the need for hard forks. The Google Cloud Tezos validator is aimed at helping companies in building web 3.0 applications. Cloud had in recent times participated in a similar partnership about running the Solana validator to participate in the network. It was also aimed at helping developers deploy new products on blockchain-based platforms.
Google Mentorship To Developers On Tezos
A statement from the Tezos Foundation said the new partnership involves helping startups on the Tezos ecosystem. These projects will be eligible to receive free Google Cloud server space and mentorship, Mason Edwards, a Tezos Foundation executive was quoted as saying in a Fortune report. The support from Google would in the long run help in further adoption of the Tezos blockchain while also validating the use case for the XTZ token, which is used for transactions and smart contract execution on the network.
In recent sessions, the token had hidden bullish divergence, claimed The Gem Miner. Whether the Google partnership news will lead to further interest in the coin remains to be seen. As of writing, Tezos price stands at $1.29, up 5.30% in the last 24 hours, according to CoinGape price tracker.
Also Read: Filecoin (FIL) Price Up 65%, Is China Narrative Making It Outperform Major Crypto?
- Solana, Litecoin, HBAR ETFs by Bitwise, Canary, and Grayscale to Start Trading This Week
- Analyst Slams S&P’s ‘B-’ Rating for Strategy Inc, Says Bitcoin Treasury Model Is “Misunderstood”
- Metamask Airdrop Countdown Begins as Wallet Team Registers Token Claim Domain
- $2.5T Citigroup Partners With Coinbase to Enable Stablecoin Payments
- Who Will Be the Next Fed Chair? Scott Bessent Confirms Final Five Candidates
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
- Dogecoin Price Prediction As Whales Scoop Over $300 Million- Is A Bull Run Ahead?
- Pi Coin Price Jumps 24% as 10M Tokens Exit Exchanges – Can Bulls Sustain the Momentum?
- Bitcoin Price Prediction If President Trump Announces Deal with China on October 30th- Can BTC Break $125k?
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
