Tezos Price Analysis: Will Tezos (XTZ) Show A Bullish Trend In The Coming Weeks?
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: –
Current Statistics of Tezos coin:
- 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:
As per our Tezos prediction, after analysis of the above statistics, the price of the coin may be at 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.
