Price Analysis

Tezos Price Analysis: Is Tezos on the way of reaching $2?

Tezos is a predictable game player and has shown a bullish trend over the past 6 months. Due to the latest news with regards to the hard fork of the XTZ coin, the Tezos price has begun to show a downward trend. However, this seems to be a temporary phase, and the price of the coin will slowly begin to gain momentum.

Let us look at how the Tezos coin has performed: –

Tezos Price Chart - 20 June
Tezos Price Chart

Tezos Coin Price Current Statistics:

  • As per 8:55 UTC today, Market Cap of the XTZ coin was 764,688,766 USD.
  • Price of the coin today as per 10:00 UTC is 1.1618 USD
  • 24-hour volume figures are $6,972,094.
  • 658,769,456 coins are currently in circulation.
  • Return of the coin is 147%

 XTZ Coin Price Comparison:

  • In order to understand the trend of the coin, let us have a look at the price comparison since past 6 months for better clarity.
  • On 2-Jan-19 as per 02:00 UTC time, the price of the coin was $0.4311.
  • As compared to the prices on 2-Jan-19, the price of the coin currently shows a positive trend by 169%.

XTZ Price Prediction:

The price of the coin may reach up to $1.19 by the end of the day tomorrow and may reach around $2 by the end of this year.

 Conclusion:

Since January 19, the price of the coin has shown a positive and bullish trend in the crypto market. Looking at the price analysis of the coin and the comparison, it is advisable to wait for a few more weeks for purchasing new coins as it might see some growth. Next resistance level can be seen at $1.5.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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