Tezos

Despite the current troubles in the crypto space this month, new tokens are still being listed on some of the world’s leading cryptocurrency exchanges. As everyone knows, Coinbase is the world’s most popular and biggest crypto exchange, and Coinbase Pro is not far behind, which is why whenever a cryptocurrency is listed on one of those exchanges, it is a big event. Today, the hype surrounds Tezos (XTG).

Major Development

In a new development, Tezos has been listed on Coinbase Pro today, and as soon as the announcement was made, the price of the XTG token skyrocketed. Like many other blockchains, Tezos is based on proof of work smart contracts and is engaged in providing upgrades to protocols by generating activities from users on the blockchain.

/**/

However, the update proved to be a huge development for those who had already been holding Tezos tokens. After the listing news was announced, the price of the token skyrocketed by as much as 16.4% as crypto traders tried to cash in on the landmark development. Coinbase Pro has many more users than regular crypto exchanges, and hence, a listing on the exchange is a huge deal. Since a much larger pool of individuals is now able to buy and sell this token, there is always the possibility of the price skyrocketing. Moreover, there is a lot more liquidity, and that helps in avoiding wild fluctuations in price at any given point of time.

>> Blockchain Commences High-Speed Crypto Exchange The PIT

The price of Tezos went up to $1.30 from $1.04 barely an hour after this particular announcement was made by Coinbase Pro. The influence that the listing news had on the price of XTG can be gauged from the fact that the wider altcoin market has been in the red today. In other words, this one announcement managed to push up the price to such levels. The trading volume rose to $10.7 million in the 24-hour period from $5.6 million over the past week. Tezos is currently the 16th biggest cryptocurrency in the world in terms of market cap.

Featured image: DepositPhotos © Piter2121

/* p > a { text-decoration: none; color:#000 !important; } .crec-ad > p > a:hover { color:#000 !important; text-decoration: underline; } @media(min-width:1228px){ .crec-image img{ width:191px; height:100px; } } @media (max-width: 1228px) { .crec-ad { width: 50%; box-sizing:border-box; } .crec-image img{ width:100%; height:158px; } .crec-ad:last-child { width: 50%; padding-right: 4px; } } @media (max-width: 590px) { .crec-ad { width: 100%; } .crec-image img{ height:auto; } .crec-ad:last-child { width: 100%; padding-right: 4px; } .crec-header h1 { padding-left:20px; } .crec-container { padding-left:20px; padding-right:20px; } }
/*]]>*/

/**/

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
--- --- --- ---
Ethereum2,583.4 1.03 % 4.19 % 18.41 %
Tether0.9921 1.56 % 0.64 % 0.79 %
--- --- --- ---
USD Coin1.000 0.40 % 0.17 % 0.11 %
Cardano1.130 2.25 % 6.32 % 23.40 %
Solana98.29 0.15 % 2.19 % 30.60 %
XRP0.6385 0.71 % 4.06 % 15.17 %
Terra62.80 0.74 % 4.06 % 22.00 %
Polkadot18.35 4.25 % 1.48 % 26.94 %

bitcoin
Bitcoin (BTC) $ 38,386.00
ethereum
Ethereum (ETH) $ 2,640.10
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 388.86
usd-coin
USD Coin (USDC) $ 1.01
cardano
Cardano (ADA) $ 1.11
solana
Solana (SOL) $ 100.34
xrp
XRP (XRP) $ 0.639743
terra-luna
Terra (LUNA) $ 62.87
polkadot
Polkadot (DOT) $ 19.18