During one of the most successful and largest ICOs ever held – Tezos Foundation raised over $232 mil bringing a new cryptocurrency in the market with a initial mode of the blockchain launched afterwards. However, during a contact made by Reuters to the president of the foundation it was confirmed that the MainNet arrives on Monday.
The Swiss-based foundation plans to make the shift towards the main network on Monday despite that the coin is still battling with legal actions in the U.S.
But, the news brought a speedy jump for the pair XTZ/USD as in a matter of minutes it gained from $1.28 to $1.53 marking 16.27% in the positive for the last 24-hours.
Despite that it is looking very good such a steep increase has to meet bears at some point and a value correction will follow. Depending on the performance of XTZ/BTC it can be concluded how long the token is able to sustain such level.
#Breaking @millervalue #ValueInvesting #Crypto #Bitcoin #Cryptocurrency project #Tezos to launch main #network next week:… https://t.co/nqOY185XCh
— John M. Spallanzani (@JohnSpall247) September 14, 2018
The crypto-market has the ability to turn into a real roller-coaster sometimes with many surprises waiting for the ones the hop-on. As reported by EthereumWorldNews on many occasions, Dogecoin did not obey by any means the rigorous declining trend that the market underwent. In a matter of a month the pair DOGE/USD moved from $0.0020 to $0.0065 which is a 225% gain.