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Price Analysis

Tezos Price Analysis: Tezos (XTZ) bulls on the run, aiming to reach $2?

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Tezos coin has shown a bullish trend since a few weeks now and was gaining momentum. However, on 20TH June, the price of XTZ saw a sharp fall with prices reaching as low as 1.07. This seemed to be only a temporary phase as the price of the coin has continued to show positive growth, and analysts anticipate that the coin will maintain the current performance.

Let us look at how the coin has performed: –

XTZ Price Chart - 25 June
XTZ Price Chart

Current Statistics of Tezos:

  • As per 8:54 UTC today, Market Cap of Tezos coin was 760,820,087 USD.
  • Price of the XTZ coin today as per 09:00 UTC is 1.14 USD
  • 24-hour volume figures are 6,254,898 USD.
  • 660,662,762 coins are currently in circulation.
  • The coin’s ROI is greater than 145%

XTZ Price Comparison:

We need to observe the movement of the coin from 20-June-19 till date for better insight.

  • On 20-June-19 as per 21:00 UTC time, the price of the coin stood at $1.07.
  • There was a very sharp fall on the said date, and hence the prices saw a steep low.
  • However, after 20-June-19, the coin has shown steady growth and bullish trend.
  • If we compare the prices of both the days, the current movement of the coin reflects a bullish trend by 6%.

Tezos Price Prediction:

The price of the coin may reach $1.16 by the end of the day tomorrow, and after a duration of six months, analysts anticipate that the price may touch $1.52.

Conclusion:

If we look at the price analysis and the way the coin has performed, it would be a good time to sell the existing coins as it can yield better returns. Analysts predict that the coin will continue with the bullish trend, and prices are expected to rise further in the coming 6 months.

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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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