You may have noticed that Tezos (XTZ) has almost doubled in a week, going from around $0.60 to nearly $1.20. That’s a pretty wild move in such a short time and it definitely caught my attention. There are a couple of things that might explain this sudden jump. One is the general market sentiment — we're in a bit of a bull run right now, so a lot of crypto assets are seeing gains. The other factor is Etherlink, which is an EVM layer-2 built on top of Tezos, and it uses XTZ for gas fees. That’s a big deal because it opens the door for Ethereum developers and users to interact with the Tezos ecosystem.
I’ve been keeping an eye on Etherlink-related opportunities, especially something called Apple Farm: http://app.applefarm.xyz/referral?code=APPLE-FARM-751065
It's a platform where you can earn airdrop points by interacting with Etherlink. I personally earned $92 during Season 1 just by lending ETH on Superlend, which is part of this same ecosystem.
Season 2 is starting on July 24 and I expect the rewards to be even better. Superlend is basically a fork of Aave, a well-known lending protocol that has been audited, which gives it some credibility, but of course there are still risks involved with any DeFi platform.
Now, going back to XTZ itself. A 100% move in one week feels excessive to me. It’s not just a healthy rally — it’s a parabolic spike. I don’t see the fundamentals catching up that fast, and I’m always suspicious when something moves that quickly without a major fundamental shift. So, I decided to take a short position on XTZ. I borrowed XTZ on Superlend and swapped it for ETH, hoping to profit if the price drops. I know I could be wrong, but that’s how I’m playing it right now.
At the end of the day, I’m not saying XTZ is bad or Etherlink isn’t promising. I just think the price has gotten ahead of itself. If you're into high-risk plays, maybe this is your moment. But if you're more cautious like me, you might want to consider hedging or staying on the sidelines. Either way, I’d recommend at least checking out Apple Farm’s Season 2 — there’s some real earning potential there, even if XTZ ends up correcting hard.
