Price Analysis

Tezos Price Analysis: Will Tezos (XTZ) Show A Bullish Trend In The Coming Weeks?

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On Friday, the Tezos foundation made an energizing item declaration, i.e., fungible resources are coming to Tezos. The proposed interface is a stage that empowers a formalized administration process inside the Internet of Value. All partners can stake their vote so as to enhance the protocol.

Let us look at how the coin has performed: –

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Current Statistics of Tezos coin:

Tezos Price Chart - 24 June
Tezos Price Chart
  • As per 6:45 UTC time today, Market Cap of the XTZ coin was 778,408,054 USD.
  • Price of the coin today as per 07:23 UTC is 1.18552602 USD
  • 24-hour volume figures are $4,884,163.
  • 659,572,522 coins are currently in circulation.
  • The coin’s Return on Investment is more than 151%.

Tezos Coin Price Comparison:

We can look at the comparison of the coin since 23-June-19 till date for better understanding.

  • On 23-June-19 as per 03:48 UTC time, the XTZ price reached $1.29893825.
  • Post the said date, the prices have not seen a major rapid rise, and the current trend seems to be bearish.
  • As per the prices of 23-June-19 and today, the coin shows a downward trend by around 8%. However, having said that, prices will gain momentum with the latest developments in the pipeline with the network.

Tezos Price Prediction:

The price of the coin may be at the price of around $1.1910 by the end of the day tomorrow, and after a period of one month, the price can reach around $1.24.

Conclusion:

Until this point, around 18,500 records from the Foundation’s pledge drive have actuated, and Tezos has proved to be a standout amongst other digital assets. It is advisable to purchase new coins with retention for a longer duration of 5 and more years as it will prove to be a profitable investment. This is the best time to sell the existing coins. The next resistance level can be seen at $1.19088.

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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