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Ever factoring in the 12 percent correction Tezos has seen in the past day, the cryptocurrency is one of the top-performing in the past week.
Innovation seems to have drawn a huge number of investors to altcoins, as the latest July data from investment platform eToro showed that some coins saw a month-on-month increase in trading of over 500 percent.
Tezos, like most other cryptocurrencies, has been caught within the throes of an extended bout of sideways trading as it hovers within the mid-$20 region.
Prior to late last week’s rally to $7,800, Bitcoin was stuck in a consolidation pattern for weeks on end, trading in a 10 percent range for what was literally weeks.
Tezos (XTZ) is up 28 percent in the past three days, well-outperforming Bitcoin which has increased by 11 percent in the same period.
Tezos has been the rising star of the crypto market in 2019 and 2020, with its insane uptrend in recent months only being rivaled by that seen by Chainlink – which was also able to set fresh all-time highs earlier this year.
Tezos has seen some unprecedented bullishness throughout late-2019 and early-2020, with the cryptocurrency setting fresh all-time highs in February before losing its momentum and reeling lower alongside Bitcoin and most other major altcoins.
Tezos wrapped up 2019 on a high note, with the cryptocurrency’s massive bullishness at the end of the year spilling over into 2020, allowing it to set fresh all-time highs just over a month ago.
Tezos is trying to reach a settlement in a class-action lawsuit that has been dragging since 2017.
Today has been a great day for crypto investors, with the market posting some intense gains close on the heels of its recent capitulatory downturn seen exactly one week ago.
The crypto market has seen a slight rebound today as Bitcoin and major altcoins like Tezos to put some distance between their current prices and their recent lows.
Tezos (XTZ) has been one of the most bullish cryptocurrencies throughout late-2019 and 2020, with the crypto finding itself caught within an intense uptrend that has only been rivaled by that of Chainlink.
Bitfinex announced a series of changes for its Tezos trading pairs that are meant to “enhance the trading experience” of its customers.
Tezos (XTZ) has been caught within an insane uptrend throughout the latter part of 2019 and the early part of 2020, with its rally kicking off shortly after Coinbase introduced its pool staking with over 5 percent rewards for platform users.
Binance recently announced the introduction of a new Tezos derivative product.
The Tezos Foundation launched a cryptocurrency faucet to incentivize developers to build their smart contracts on top of the Tezos protocol.
Over the past 24 hours, Tezos moved back into the top 10 cryptos by market cap, according to CoinMarketCap.
Tezos has had a fantastic year so far with a year-to-date (YTD) return of 185 percent.
Several altcoins are starting to move exponentially despite Michael Novogratz’s claim that the “market is getting smarter.” VeChain, for instance, has been on a rampage surging nearly 185 percent in the last 22 days.
Coinbase announced in a blog post from earlier today that the exchange would be adding a feature that allows users to help run the Tezos network by staking their XTZ tokens in exchange for regular rewards—similar to dividends or interest payouts.
Although many altcoins hit bottoms not seen since 2017, others such as Chainlink, Tezos, and Ethereum Classic could regain their bullish trends and reach higher highs.
Binance, the world’s largest cryptocurrency exchange by trading volume, announced that it will be listing Tezos on its platform.
Coinbase added Tezos to its retail platform and mobile apps.
While Bitcoin decouples from the rest of the market, altcoins are lurking without any major price action.
After the recent 30 percent correction that Bitcoin experienced, some altcoins are showing signs of a possible breakout while others have indicators of further decline.
Latin American bank BTG Pactual and asset manager Dalma Capital announced that they will be using the Tezos blockchain to launch security token offerings (STOs).
The Tezos Foundation recently announced that the co-creator of PricewaterhouseCooper (PwC) Switzerland’s Blockchain initiative will be joining the team to strengthen its operations in the country.
Previously, institutional investors did not stake their cryptocurrency or participate in governance because of the need to use crypto-custodians.