Tezos (XTZ) Trading Up 28% This Week

Tezos (XTZ) traded down 3.7% against the dollar during the 1 day period ending at 7:00 AM E.T. on May 13th. One Tezos coin can currently be bought for approximately $0.67 or 0.00000644 BTC on exchanges. Tezos has a market cap of $696.55 million and approximately $39.38 million worth of Tezos was traded on exchanges in the last 24 hours. Over the last seven days, Tezos has traded up 28% against the dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• TRON (TRX) traded 1.7% lower against the dollar and now trades at $0.27 or 0.00000256 BTC.
• Terra Classic (LUNC) traded 4.9% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.3% lower against the dollar and now trades at $0.25 or 0.00000241 BTC.
• Terra (LUNA) traded 7.9% lower against the dollar and now trades at $0.21 or 0.00000201 BTC.
• GXChain (GXC) traded 1.8% higher against the dollar and now trades at $0.31 or 0.00000300 BTC.
• Adshares (ADS) traded down 0.3% against the dollar and now trades at $0.52 or 0.00000501 BTC.
• BitShares (BTS) traded up 1.7% against the dollar and now trades at $0.0011 or 0.00000001 BTC.

Tezos Coin Profile

Tezos (XTZ) uses the hashing algorithm. Its launch date was June 30th, 2018. Tezos’ total supply is 1,063,323,469 coins and its circulating supply is 1,043,199,583 coins. The Reddit community for Tezos is https://reddit.com/r/tezos and the currency’s Github account can be viewed here. Tezos’ official website is www.tezos.com. Tezos’ official Twitter account is @tezos and its Facebook page is accessible here. Tezos’ official message board is forum.tezosagora.org.

According to CryptoCompare, “Tezos is a new decentralized blockchain that governs itself by establishing a true digital commonwealth. It facilitates formal verification, a technique that mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.Tezos takes a fundamentally different approach to governance by creating governance rules for stakeholders to approve of protocol upgrades that are then automatically deployed on the network. When a developer proposes a protocol upgrade, they can attach an invoice to be paid out to their address upon approval and inclusion of their upgrade. This approach provides a strong incentive for participation in the Tezos core development and further decentralizes the maintenance of the network. It compensates developers with tokens that have immediate value rather than forcing them to seek corporate sponsorships, foundation salaries, or work for Internet fame alone.Blockchain data provided by: Blockchair (main source), TzStats (backup)”

Buying and Selling Tezos

It is usually not possible to purchase alternative cryptocurrencies such as Tezos directly using US dollars. Investors seeking to trade Tezos should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Tezos using one of the exchanges listed above.

XTZ/USD price chart by TradingView