Tezos Coin Price Analysis: XTZ/USD Price Surged 17% Following The Bitcoin Bull


The recent Bitcoin bull has benefited the majority of the cryptocurrency industry, including major altcoins. Many altcoins have seen decent levels of price growth.

The whole crypto market is turned green with few exceptions, taking the overall market cap to $230 billion. With this, most of the major altcoins coins were pumping in double-digit.  At present, Tezos coin also referred as XTZ coin is showing major growth among the top 50 cryptocurrencies.

Tezos coin price has increased by 17.76% against USD and trading at $1.59 USD . In terms of XTZ/BTC the price spiked up by 17.62% with trading value 0.00019913 BTC.

Currently, the coin is ranking in 16th position, holding market cap $1,053,283,036 USD with $9,893,078 USD  24 hour volume and 662,815,838 XTZ circulating supply.

Today, however, XTZ coin price was finally able to break out of this seemingly indelible trading range and has now moved into the $1.59 region after surging over 17%.

Hourly MACD – The MACD for XTZ/USD is currently placed heavily in the bullish zone, with positive signs.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently near the 70 level, with a flat structure.

Overall, Tezos is slowly building its reputation as the best alternative to Ethereum with the support of top crypto influencers including Tim Draper, the Winklevoss Twins, and Polychain Capital.

However, Tezos coin is not yet listed on popular exchanges like Coinbase and  Binance. But nonetheless with the positive developments, we hope that it would open the doors to a huge number of potential investors.

Also, find here other top cryptocurrency price analysis and Price Predictions. Get instant price analysis and news updates on Twitter and Facebook.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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