Tezos (XTZ) Price Rally Continues with Another Sizable Increase

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  • Tezos (XTZ) has witnessed its first major pump since surging by 70 percent on Coinbase last week

Tezos (XTZ) Price Rally Continues with Another Sizable Increase

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Tezos (XTZ), the token behind the first self-evolving blockchain, continues its impressive price rally. According to CoinStats data, XTZ has just spiked by almost seven percent, which allowed it to reach an intraday high of $1.23. 

Tezos Price
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The pump came after a Tezos-backed exchange-traded product (ETP) got launched on SIX, the largest stock exchange in Switzerland, by cryptocurrency firm Amun AG.   

The Zurich-based exchange green-lit a Bitcoin Cash-backed ETP back in July. Together with Tezos, it now has nine crypto products.

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As reported by U.Today, the XTZ price experienced a monstrous price rally after Coinbase, the leading exchange in the US, implemented staking rewards for Tezos. XTZ briefly touched the $1.70 mark before caving in to selling pressure. Because of the most recent price increase, the token got a second breath.   

There is also another outlier that remains in the green contrary to the broader market sentiment. Chainlink (LINK) is up by more than five percent over the last 24 hours with its price inching closer to an ATH of $3.96.          

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry β€” 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.