Tezos Sees Market Capitalization Spike To Over $1.5 Billion

By Kapil Gauhar

Tezos (XTZ) has quite recently increased 5.6% to reach $2.12 — barely short of its most noteworthy value seen so far in April 2020. Tezos’ bullish momentum quickly observed the digital currency top $2.15 prior today, before falling back marginally to its present worth.

Because of the pump, Tezos saw its market capitalization spike to over $1.5 billion, yet this presently sits at nearer to $1.49 billion — despite everything up $76 million in the most recent day.

This ongoing growth comes close by mounting trade volume for Tezos, with the measure of XTZ trading hands on trades spiking extensively between April 16 and 17. Daily trade volume presently sits at only north of $210 million — up from $167 million a day before.

Tezos has now been in an upturn for over a month, where time it has pawed back a significant number of the losses seen on March 12, the day when the world Health Organization (WHO) announced the coronavirus a worldwide pandemic.

Altogether, Tezos has increased 83.8% from trough to top between mid-March and today, moving from a low of $1.17 up to a high of $2.15 in this time.

Generally speaking, Tezos stands apart as one of the best performing digital forms of currency in the most recently month and has increased 49% against Tether (USDT), 14.3% against Bitcoin (BTC) and 3.6% against Ethereum (ETH) in this time.

Tezos’ bullish value activity comes when most different digital forms of money are either deteriorating or encountering minor additions. Tezos is presently the best performing digital currency in the best ten by market capitalization, effectively obscuring the insignificant increases seen by Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) today — regardless of Binance declaring plans for a drastically new blockchain.