{"id":300744,"date":"2023-03-28T01:00:07","date_gmt":"2023-03-27T19:30:07","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=300744"},"modified":"2023-03-27T15:55:03","modified_gmt":"2023-03-27T10:25:03","slug":"tezos-releases-new-update-for-mumbai-protocol-will-xtz-benefit","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/tezos-releases-new-update-for-mumbai-protocol-will-xtz-benefit\/","title":{"rendered":"Tezos releases new update for Mumbai Protocol- Will XTZ benefit?"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">The Baking Sheet mentioned the release of Tezos\u2019 new Octez v16.1 network upgrade.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">However, XTZ\u2019s price was under the bears\u2019 control as it was down by 8% about over the last week.\u00a0\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Tezos [XTZ]<\/span><span style=\"font-weight: 400;\"> posted its latest edition of<\/span><a href=\"https:\/\/bakingsheet.tezoscommons.org\/p\/baking-sheet-issue-143\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">The Baking Sheet<\/span><\/a><span style=\"font-weight: 400;\">, mentioning major developments in the ecosystem. The highlight of the report was the updates related to the Mumbai protocol.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here&#8217;s<\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">XTZ market cap in BTC<\/span><\/a><span style=\"font-weight: 400;\">&#8216;s terms<\/span><\/p>\n<hr \/>\n<h3><strong>New update for Mumbai Protocol\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Tezos released a new update named Octez v16.1 for the<\/span><a href=\"http:\/\/ambcrypto.com\/tezos-is-mumbai-upgrade-the-only-reason-behind-xtzs-price-rise\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">Mumbai protocol<\/span><\/a><span style=\"font-weight: 400;\">. This was a major release as it corrected an implementation flaw in the new Mumbai baker binary that could occasionally cause bakers to incorrectly endorse blocks and deteriorate network liveness. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the official announcement, Tezos recommended bakers to upgrade to version 16.1. before the activation of Mumbai on block 3,268,609.<\/span><\/p>\n<h3><strong>Other notable developments\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Apart from the Octez update, another major update was pushed last week for TzKT Explorer, which came with support for the<\/span> <span style=\"font-weight: 400;\">Tezos<\/span><span style=\"font-weight: 400;\"> Mumbai Protocol. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The update included Smart Optimistic Rollups support, new types of operations for rollups, non-voted bakers during voting periods, and several other features. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, it was also revealed that Serokell, a software development company, will be collaborating with the Tezos Foundation. With this partnership, Tezos and Serokell will be focusing on the most popular and in-demand tools and libraries within the Tezos ecosystem.<\/span><\/p>\n<h3><strong>However, <\/strong><span style=\"font-weight: 400;\"><strong>XTZ failed to respond\u00a0<\/strong><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">While updates related to the Mumbai protocol were promising for the blockchain, XTZ&#8217;s price action was not in investors\u2019 favor. According to<\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/tezos\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, XTZ was down by nearly 9% over the last week, and at press time, it was trading at $1.12 with a market cap of $1.045 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">XTZ<\/span><span style=\"font-weight: 400;\">\u2019s daily chart revealed a bearish advantage in the market and suggested that investors can expect a few more sluggish days ahead. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of the press, the MACD displayed a bearish crossover. XTZ\u2019s Chaikin Money Flow (CMF) and Relative Strength Index (RSI) both went sideways suggesting bearish momentum. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lastly, the Money Flow Index (MFI), after registering an uptick, later followed the RSI. Thus, increasing the chances of less volatile days in the near term.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<figure id=\"attachment_300745\" aria-describedby=\"caption-attachment-300745\" style=\"width: 1562px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/XTZUST_2023-03-27_13-45-38.png\"><img decoding=\"async\" class=\"wp-image-300745 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/XTZUST_2023-03-27_13-45-38.png\" alt=\"\" width=\"1562\" height=\"815\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/XTZUST_2023-03-27_13-45-38.png 1562w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/XTZUST_2023-03-27_13-45-38-300x157.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/XTZUST_2023-03-27_13-45-38-1024x534.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/XTZUST_2023-03-27_13-45-38-768x401.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/XTZUST_2023-03-27_13-45-38-1536x801.png 1536w\" sizes=\"(max-width: 1562px) 100vw, 1562px\" \/><\/a><figcaption id=\"caption-attachment-300745\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are<\/span> <span style=\"font-weight: 400;\">1,10,100 XTZs worth today?<\/span><\/p>\n<hr \/>\n<h3><strong>Will the metrics help?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Though the price action was bearish, things in terms of on-chain performance seemed fine. Thanks to the recent network update, XTZ\u2019s development activity increased over the last few days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not only that, but<\/span> <span style=\"font-weight: 400;\">XTZ<\/span><span style=\"font-weight: 400;\"> also noted growth in terms of popularity, which was evident from its social dominance. However, it was surprising to see that despite increased development activity, XTZ\u2019s total code commits<\/span><a href=\"https:\/\/tokenterminal.com\/terminal\/projects\/tezos\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">declined<\/span><\/a><span style=\"font-weight: 400;\"> over the last month. <\/span><\/p>\n<figure id=\"attachment_300746\" aria-describedby=\"caption-attachment-300746\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Tezos-XTZ-13.50.24-27-Mar-2023.png\"><img decoding=\"async\" class=\"wp-image-300746 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Tezos-XTZ-13.50.24-27-Mar-2023.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Tezos-XTZ-13.50.24-27-Mar-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Tezos-XTZ-13.50.24-27-Mar-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Tezos-XTZ-13.50.24-27-Mar-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Tezos-XTZ-13.50.24-27-Mar-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Tezos-XTZ-13.50.24-27-Mar-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Tezos-XTZ-13.50.24-27-Mar-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-300746\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Baking Sheet mentioned the release of Tezos\u2019 new Octez v16.1 network upgrade. However, XTZ\u2019s price was under the bears\u2019 control as it was down by 8% about over the last week.\u00a0\u00a0 Tezos [XTZ] posted its latest edition of The Baking Sheet, mentioning major developments in the ecosystem. The highlight of the report was the<a href=\"https:\/\/ambcrypto.com\/tezos-releases-new-update-for-mumbai-protocol-will-xtz-benefit\/\">Continue reading <span class=\"sr-only\">&#8220;Tezos releases new update for Mumbai Protocol- Will XTZ benefit?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":75,"featured_media":300752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-300744","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tezos releases new update for Mumbai Protocol- Will XTZ benefit? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Tezos [XTZ] recently posted its 143rd edition of The Baking Sheet, mentioning the major developments in the ecosystem.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/tezos-releases-new-update-for-mumbai-protocol-will-xtz-benefit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tezos releases new update for Mumbai Protocol- Will XTZ benefit? - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"The Baking Sheet mentioned the release of Tezos\u2019 new Octez v16.1 network upgrade. However, XTZ\u2019s price was under the bears\u2019 control as it was down by 8%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/tezos-releases-new-update-for-mumbai-protocol-will-xtz-benefit\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-27T19:30:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/XTZ.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dipayan Mitra\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/DiDipayan\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dipayan Mitra\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-releases-new-update-for-mumbai-protocol-will-xtz-benefit\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-releases-new-update-for-mumbai-protocol-will-xtz-benefit\\\/\"},\"author\":{\"name\":\"Dipayan Mitra\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/a3c1a47ad2d3e2a023516862993813cd\"},\"headline\":\"Tezos releases new update for Mumbai Protocol- Will XTZ benefit?\",\"datePublished\":\"2023-03-27T19:30:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-releases-new-update-for-mumbai-protocol-will-xtz-benefit\\\/\"},\"wordCount\":466,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-releases-new-update-for-mumbai-protocol-will-xtz-benefit\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/XTZ.png\",\"articleSection\":[\"Altcoin\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/tezos-releases-new-update-for-mumbai-protocol-will-xtz-benefit\\\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-releases-new-update-for-mumbai-protocol-will-xtz-benefit\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-releases-new-update-for-mumbai-protocol-will-xtz-benefit\\\/\",\"name\":\"Tezos releases new update for Mumbai Protocol- Will XTZ benefit? 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