NewsPrice Analysis

Tezos Price Siked up to 23% Following the Coinbase Listing

At present, the crypto space is back with the bullish sentiments with major coins staying green. Also, the Bitcoin price has surged up to 2%, while altcoins demonstrate positive momentum.

According to CoinMarketCap, the total capitalization of all digital coins in circulation hit $269,784,004,174. Among the top 20 altcoins, Tezos price (XTZ) is leading in terms of gains with 23% growth followed by bitcoin Cash with more than 5% growth.

At present, Tezos coin is holding the 16th position with 23.47% growth trading at $1.25 USD. In terms of TRX/BTC, the coin is trading at  0.00012812 BTC with 20.26% growth.  XTZ/USD spiked from $1.01 to $1.22 this Tuesday. During the initial hours on Wednesday,  the price went further up to $1.25.

Currently, the Tezos coin is holding market cap $825,083,764 with $17,217,04424-hour volume and 660,373,612 XTZ circulating supply.

Tezos listed on Coinbase exchange

The sudden spike in XTZ price was followed by an announcement from United States-based crypto exchange Coinbase, which revealed that it would be offering XTZ on Coinbase Pro starting from August 5. 

According to the blogpost, once sufficient supply of XTZ is established on the platform. Trading on the XTZ/USD, and XTZ/BTC order books will start in phases.

The first phase is “Transfer-only,” where orderbooks will only support incoming coins. Once a reserve is established, the platform will enter into the minute-long “Post only” phase, where users will be able to post limit orders that will remain unfulfilled. The Third is “Limit-only” in which “limit orders will start matching but customers are unable to submit market orders.” The final phase is Full trading, here, trading services will be available, including limit, market, and stop orders.

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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