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

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

Tue, 2/10/2018 - 14:49

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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.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.