Tezos Price Analysis: XTZ Price Surges Above 5%

While the whole crypto market is showing a bearish trend. Tezos is the only coin showing slight gains among top 20 cryptocurrencies. Etherum is leading in terms of loss with more than 3% decline.

Tezos Price broke above the $1.5 mark for the second time this year. While most altcoins are under selling pressure, Tezos has been the best performing cryptocurrency with a 50% gain since the past couple of weeks. The buying volume of Tezos has also been considerable since the beginning of this month.

At the time of writing, Tezos is trading at $1.49 with 5.59% gains. In terms of XTZ/BTC, the coin is trading at 0.00012616 with 6.02% gains. Currently, XTZ coin is holding 15th position with market cap value $984,701,072 and $39,002,667 –  24 hour volume. Tezos holds a circulating supply of 660,373,612 XTZ.

The XTZ Price rise is fueled by the Coinbase listing of Tezos

Recently, Popular US-based cryptocurrency exchange Coinbase announced to List Tezos on its platform. Moreover, both the platforms claimed that it supports iOS with Android apps.

According to the new announcement, Coinbase users will be able to buy, sell, store and convert XTZ directly from the site or applications and convert it into another cryptocurrency. The only warning is that users residing in New York will not use it for legal reasons.

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