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Tezos Price Analysis: Tezos Rise by 8% while Others Plunge Further

With the recent developments and crypto market tracking, one can say that 90% of the coins are plunging. At a glance at coinmarketcap data, all that we see is the prices are in the red region. Against all odds, Tezos is one coin that has resurfaced and treading on further. The XTZ coin has shown tremendous price growth in the last 24 hours. 

Tezos is currently trading at $1.34 with a 5.61% rise against USD. What is surprising, is the XTZ/BTC price rise rate. The coin is trading at 0.00018577 BTC with a surprising 12.38% price hike against BTC. 

Tezos is currently in the 15th position as per Market Capitalization. The XTZ rose 9.33% against USD earlier while 14.18 % against BTC. Tezos price has reached $1.41 USD and 0.000195BTC respectively reaching its all-time high in the last 3 months.

The price rise can be accredited to Coinbase extending Tezos staking to customers globally. Also, Tezos has partnered with Singapore’s government platform for blockchain development, Tribe. The future for Tezos seems to be bright with these developments. 

What do you think? Will Tezos break the bearish trend and rise higher? Let us know on our Facebook and Twitter pages.

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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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