Tezos (XTZ) Leading the Coin-verse Above $180 bln

Per time of writing, the global market capitalization of all cryptocurrency coins has reached over the major $180.0 bln [counting right now $180.73 bln] as the positive sentiment returned following bitcoin‘s strong return above $5,000.00.

Leading the pack by gain only in the last 24-hours is the pair XTZ/USD [Tezos] with 10.70% increase with a token price of $1.35 an a market capitalization just below $900 mil. Despite the minimal-value pullbacks during the hourly trading chart, clearing a major hurdle at $1.20 early Yesterday (17th of April, 20190 – similar to all digital coins in the top 20 at least) has opened gates for more upward flow during the two last days.

Tezos (XTZ) Leading the Coin-verse Above $180 bln 1
Source: coinmarketcap

Story –
During one of the most successful and largest ICOs ever held – Tezos Foundation raised over $232 mil bringing a new cryptocurrency in the market. During a contact made by Reuters to the president of the foundation it was confirmed that its MainNet was set to launch on the 14th of Sep, 2018.

What is Tezos (XTZ)?
Tezos is a decentralized computing platform for Turing-complete smart contracts. Tezos has three key features. (1) “Liquid Proof-of-Stake” consensus – there is a relatively low barrier to consensus participation and delegation is not required. (2) Smart contract verification – Tezos invented the Michelson programming language that allows formal proofs of contract properties for better contract security. (3) On-chain governance – all aspects of governance are contained in the platform: voting on proposed protocol upgrades, paying developers and implementing the upgrades. – Via Kraken’s blog post – Kraken Listing XTZ Blog Post

Tezos offers smart contracts and decentralized applications. The smart contract concept of Tezos allows users to go a step ahead and directly regulate the rules of a network and enhance the quality of the network.

Via a PoS model named Banking, any Tezos native token XTZ holder can participate in consensus and receive rewards for holding the net functioning. Last month, San Francisco-based exchange Coinbase announced that its institutional customers will have the opportunity to bake XTZ and earn interest on their holdings. This sparked an even bigger rally for the cryptocurrency, eventually leading to the March 31 peak.

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

Crypto Scams

Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022
Crypto Crime
Crypto Crime Surges To Record Highs As Thieves Follow Market Buzz – Chainalysis 2022 Report
February 24, 2022
Bots Circumvent 2FA Login At Coinbase And Other Crypto Exchanges In 2022
Bots Have Circumvented 2FA Logins At Coinbase And Other Crypto Exchanges In 2022
February 17, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin28,901 0.25 % 2.59 % 4.87 %
Ethereum1,762.5 1.63 % 8.28 % 12.91 %
Tether1.002 0.11 % 0.17 % 0.05 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
BNB296.30 0.75 % 7.53 % 3.68 %
XRP0.3974 0.84 % 0.78 % 5.75 %
Binance USD1.003 0.24 % 0.29 % 0.10 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana41.14 1.52 % 11.12 % 21.39 %
Dogecoin0.07746 0.33 % 4.84 % 11.04 %

Bitcoin (BTC) $ 28,791.00
Ethereum (ETH) $ 1,734.59
Tether (USDT) $ 1.00
USD Coin (USDC) $ 1.00
BNB (BNB) $ 292.89
XRP (XRP) $ 0.393716
Binance USD (BUSD) $ 1.00
Cardano (ADA) $ 0.45283
Solana (SOL) $ 40.38
Dogecoin (DOGE) $ 0.076943