The Tezos coin is holding the mark of $1.13 at the time writing with -3.23% changes in 24 hours. Tezos lost almost -29.42% in the past ten days as a result of selling pressure from sellers. The ROI of XTZ is holding the green value of 140.18%.
Tezos News and Events
Tezos foundation announced that Cryptoeconomics Lab, a Japanese based firm, will construct a plasma layer, double-wall scaling system, on Tezos to liquidate transactions through blockchain technology.
The Tezos Foundation is thrilled to announce that Cryptoeconomics Lab, based in Tokyo, Japan, has received a grant to develop a Plasma layer on Tezos. Plasma is a layer-2 scaling technique to increase transaction throughput on blockchain.
Tezos Price Statistics
The market capitalization of the token is standing $745,473,919 USD and 73,791 BTC. The twenty-four-hour volume is revolving around the pivot line of $11,315,499 USD and 1,120 BTC. There are about 660,373,612 XTZ tokens that are in circulation out of a total of 801,312,599 XTZ tokens.
Current Price of Tezos
The current rate of Tezos is $1.13 USD and 0.00011174 BTC at the time of writing.
Tezos Price Comparison
The 6-months data chart given below justifying the behavior in the given period of time as the tag value of coin wandering around $0.40 in the first two months of 2019. The trend line then triggered from $0.40 to attain the mark of $1.46 in the month of April.
The highest value of token was recorded on 18 May holding the figure of $1.86.The first quarter of 2019 was not very fortunate for Tezos as its trend was submerged in the bearish trend zone.
Price Prediction of Tezos
The parabolic movement of the coin started from $1.01 on 30th July to $1.10 on the 15th after touching the sky mark of $1.40. The similar short replica of parabolic movement is seen, started from $15 August giving an indication of the bearish trend in the future.
The price value of the token may drop to $0.80. The two strong support level holds the positions at $1.04 and $1.01 respectively. On the other hand, the trend line will bear the resistance levels at $1.236 and $1.255 respectively.
Conclusion
According to the technical analysis, there are chances that the coin will remain submerged in the bearish trend that started 15th August.
What do you say about the price of Tezos? Let us know in the comment box.
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