Tezos Dips by 5 Percent, But High-Profile Crypto Startup Has New Projects Up Its Sleeve

  • Alex Dovbnya
    📰 News

    After soaring by a whopping 25% ahead of its mainlet launch, Tezos (XTZ) records a 5% loss. Tezos made headlines after holding a historic $232 mln ICO


Tezos Dips by 5 Percent, But High-Profile Crypto Startup Has New Projects Up Its Sleeve

After soaring by a whopping 25 percent ahead of its mainlet launch, Tezos (XTZ) records a 5 percent loss. Tezos, a Zug-based crypto startup, made headlines after holding a historic $232 mln ICO. However, this initial success quickly fizzled out because of infighting between the project’s key figures. Despite recently solving these management issues — better late than never — Tezor still struggles to regain investor’s trust, and that leads to quite unexpected price drops.

Still, the ongoing ecosystem developments, which include two brand-new projects TezosKit and TezBox, could push XTZ above $1.5 again. At press time, the coin’s price is sitting at $1.34.
 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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