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Price Analysis

Tezos Price Analysis: Tezos Records 9% Dip in Last 5 Days But Resumes to Trading Above $1

  • Tezos slipping under $1 raises concerns for traders
  • XTZ coin may close the day trading around $1.05

After maintaining a steady trend for almost 3 continuous days, Tezos (XTZ) started slipping downwards yesterday and started trading below $1 for some time. However, the coin closed the day at $1.08 yesterday and may do it again today as well. The current market performance depicts slow trends in the coming week.

Tezos Price Statistics:

As on July 13, 2019, at 05:40:39 UTC, XTZ is observed to be trading at $1.06 and is moving downwards. The coin has shown downtrend of over 9% in the last 5 days dipping from $1.17 to its current value. It peaked as high as $1.26 around July 10 and then started dropping steeply to hit $0.98 mark yesterday. But, the coin bounced back and crossed the $1 mark again.

Tezos Price Chart - 13 July
Tezos Chart by TradingView
  • The current trading price of XTZ is noted to be $1.06 and 0.00009091 BTC
  • The market cap of the coin is $700,576,625
  • The 24 h volume of the coin is observed to be $5,006,909
  • The ROI of the coin has reached 112.98%
  • The circulating supply is noted to be 660,339,507 XTZ

XTZ price may continue to move slowly till the end of the day and may close it around $1.05 but it may surge back again from the next week onwards however very slowly.

Tezos Price Prediction:

Since the onset of 2019, Tezos coin price has recorded almost 2X growth rising from $0.47 to its current value at $1.06. The coin may continue to move around this value for some time now and may close the month trading around $1.50. But it may also be able to pick up the pace soon and get new investors onboard and may rise as high as $3 by the end of the year. The coin may take another year to cross its all-time high value at $12.

Conclusion:

Tezos ensure a future full of high returns and hence it is a good time to trade XTZ now when the prices are low

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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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