3 reasons why Telos (TLOS) price hit a new all-time high

It seems crypto wintertime is upon america and during times similar these, projects that proceed to forge up by focusing connected improvement and enlargement are often rewarded by traders who are looking to acceptable up agelong positions wherever beardown fundamentals trump the lack of short-term gains.

One task that has weathered the tempest successful the crypto markets to found a caller all-time precocious is Telos (TLOS), a blockchain web created with the EOSIO bundle that aims to bring velocity and scalability to astute contracts for decentralized concern (DeFi), nonfungible tokens (NFTs), gaming and societal media.

Data from Cointelegraph Markets Pro and TradingView shows that since hitting a debased of $0.42 connected Jan. 10, the terms of TLOS has soared 229% to a caller precocious of $1.39 acknowledgment successful portion to a record-high trading measurement of $26 million.

TLOS/USDT 1-day chart. Source: TradingView

Three reasons for the climbing terms and momentum for TLOS see respective caller partnerships that accrued consciousness of the project, the motorboat of nonfungible token and decentralized concern projects connected the TLOS web and the token's integration to the Anchor wallet.

Partnerships summation marque awareness

The Telos web has seen respective caller partnerships and integrations successful caller weeks that person helped bring a caller level of nationalist consciousness to the protocol.

One of the astir notable integrations was with DappRadar, which helps followers support way of decentralized applications (dApps) connected the Telos network.

Named arsenic the #1 planetary #dApp ranking tract for #NFT & #DeFi projects, #Telos is arrogant to denote an integration with @DappRadar!
You tin present support way of breathtaking caller dApps connected the #TelosEVM and support a pulse connected the #TelosEcosystem arsenic we present caller experiences for our users pic.twitter.com/Dkm4MX70Bf

— The Telos Foundation (@HelloTelos) January 24, 2022

The Telos Foundation besides revealed a concern with the self-governing ride-share exertion BikeChain, which volition process each of its transactions connected the Telos blockchain.

New DeFi and NFT dApps launch

A 2nd origin helping to pull attraction to Telos has been the motorboat of aggregate caller NFT and DeFi applications connected the web that are helping to pull liquidity and users to the protocol.

Most recently, the web saw the merchandise of OmniDEX, the archetypal autochthonal decentralized speech built connected the Telos network.

TelosEVM conscionable got it's archetypal location grown defi execute @OmniDex1 , archetypal nft marketplace @tofuNFT and is astir to get it's archetypal lending level @aristotledao. Things are astir to get chaotic

— Justin Giudici (@The_JUDii) January 20, 2022

Other projects to precocious motorboat connected Telos see the TelosPunks NFT project, the cross-chain NFT marketplace tofuNFT, the NFT societal media app APPICS and the AristotleDAO DeFi protocol.

Related: Telos raises $8M backing earlier EVM motorboat to debar token sales

Integration with Anchor wallet

The latest improvement to travel from the Telos ecosystem that coincided with the spike successful terms was the network's integration with the Anchor wallet from greymass.

— The Telos Foundation (@HelloTelos) February 2, 2022

This integration with Anchor allows TLOS holders to securely motion successful to the assorted applications operating connected the web including the Telos web wallet, Decided Voter and the Staker One platform.

VORTECS™ information from Cointelegraph Markets Pro began to observe a bullish outlook for TLOS connected Jan. 23, anterior to the caller terms rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic examination of humanities and existent marketplace conditions derived from a operation of information points including marketplace sentiment, trading volume, caller terms movements and Twitter activity.

VORTECS™ Score (green) vs. TLOS price. Source: Cointelegraph Markets Pro

As seen successful the illustration above, the VORTECS™ Score for TLOS began to prime up connected Jan. 23, astir 24 hours earlier the terms began to rally 190% implicit the adjacent 9 days.

The views and opinions expressed present are solely those of the writer and bash not needfully bespeak the views of Cointelegraph.com. Every concern and trading determination involves risk, you should behaviour your ain probe erstwhile making a decision.