The in-house cryptocurrency of Blockchain projection Tezos (XTZ) is testing all-time highs as a wave of enthusiasm, which began in January continues.

Data from Coin360 and Cointelegraph Markets shows Tezos' XTZ token hit $3.24 on February. 12, a 25% increase in the past xx-four hours alone and over 54% in the by week alone.

Cryptocurrency market performance, past 7 days

Cryptocurrency market functioning, by seven days. Source: Coin360

XTZ targets $iv on 150% YTD gains

Year to date, investors have seen returns of 150%, making Tezos the hot bet amid altcoins which have broadly followed Bitcoin (BTC) to run into a hugely successful first quarter of 2022.

Even sudden downwards pressure on Bitcoin markets as the week began failed to dent the XTZ bull run, with the altcoin becoming a firm pick of Cointelegraph Markets analyst filbfilb.

"Tezos unaffected," he told subscribers of his Telegram trading aqueduct on Monday equally BTC/USD dipped to $9,700.

Tezos price chart, 2022-present

Tezos cost chart, 2022-nowadays. Source: Coin360

Others remain bullish on time to come prospects.

"Tezos is one of the fastest ascension blockchain networks at the moment and for good reason and we've been overhanded on it since the beginning of the year," fellow annotator Mati Greenspan told Cointelegraph in individual comments.

"Many of the new security token offering (STO) and tokenization projects are being built on it and the token economic science are quite favorable also."

Cease of strife for Tezos?

Tezos had previously fabricated the headlines for the wrong reasons following its hugely popular $232 meg initial money offer (ICO) in 2022. As Cointelegraph reported, investors soon became frustrated by the lack of returns, while Tezos battled legal challenges and company infighting.

At ane bespeak, XTZ/USD traded at merely $0.37, beneath its ICO price of $0.47. Throughout its difficulties, Tim Draper, the billionaire venture capitalist who has become synonymous with Tezos, supported both the projection and its creators.