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Tezos (XTZ) Demonstrates Growth Of 80% Per Month

06 February 2020 15:45, UTC
Tezos (XTZ) Demonstrates Growth Of 80% Per Month
By Anna Martynova

Bitcoin is trying to overcome resistance at $9,500 and set a new high at $ 9,745, while altcoins are not far behind. Tezos (XTZ) rose by 205% since its ATL set in October 2018 at 0.728 dollars.

The altcoin growth over the past month has been approximately 80%. XTZ has reached a 15-month high of 15.76% per day and stands at $ 2.17. Analysts believe that the reason for the altcoin growth is primarily in the recent bull market trend. In addition, many crypto exchanges offer staking rewards for investors who hold XTZ. This week, Binance announced that it had added perpetual contracts XTZ/USDT, which will allow traders to choose a leverage of 1-50x. According to experts, it could also boost the growth of altcoin.

Tezos market cap stands at $1.56 billion. The altcoin is likely to swap places with Cardano (ADA) and enter the top 10 crypto by market cap. Along with Tezos, there are a few top performers. They are NEM (XEM) with 28% profit, Bitcoin Cash (BCH), which gained 14.34%, and Bitcoin SV (BSV) with an increase of 12.04%.

Image courtesy of Coin Codex



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