#Tezos : Is the Party Over? 👻
Looks like Tezos ($XTZ ) is having a bit of a ghost town moment. 🏚️ The price is at a 1-year low, trading volume is dried up, and it's not even in the top 20 layer-1 blockchains by market cap. 📉
Financially speaking, Tezos is losing money hand over fist. 💸 They've been in the red since 2019, with a P/F ratio (circulating) that's sky-high compared to other coins. 🤮
Messari's Q2 report paints a similar picture: Fewer transactions, fewer active addresses, and falling transaction fees. 😕🥀
While there have been some updates and developments, it's hard to see #XTZ making a comeback anytime soon. 🧟♂️
Is it time to write off Tezos? Let us know your thoughts! 💭 DYOR! #ZombieCoin #Altcoins
