What makes Tezos unique is its low-energy operations and low transactions, making it a far more sustainable platform for dApps than Ethereum network. Due to these strengths, innovation and growth in the Web 3.0 sector can drive up the Tezos price as it is an attractive platform for dApps.
As a robust platform for NFTs, the growth of the NFT market could also propel Tezos into the limelight and increase its value. The XTZ price statistics could enjoy a push from an uptick in NFT-related development on the Tezos blockchain network in the future.
The Tezos team has been improving the interconnectivity between its ecosystem and Ethereum through bridges. Such developments that can support the transfer of data and assets between the two blockchains can further drive up the demand for the Tezos blockchain, increase on-chain activity and support the XTZ value.
As one of the largest cryptocurrencies by market cap, Tezos also stands to make gains when the mood in the crypto market turns upbeat. Bullish sentiment among crypto investors, in general, could drive up buying activity in Tezos and drive the XTZ price higher, making it an attractive investment to consider.