Tezos upgrades failed to support the cryptocurrency. Mumbai upgrade this March pushed XZT prices up by 30%, but coin prices slipped to the starting point in early May, and dived lower in June. Tezos has launched another upgrade Nairobi in June that boosted coin prices by 30% again. However, prices have started to drop since mid-July amid low activity inside Tezos network.

The coin lost half of it gains by the end of July, and its prices may go even deeper almost duplicating Mumbai upgrade story. We may see a drop to $0.7 per coin, and further down.