Tezos (XTZ) Price Surges Six Percent Amidst Crypto Market Bloodshed

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Thu, 11/21/2019 - 16:12
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    Tezos (XTZ) shines as a lone green spot among a plethora of red coins

Cover image via 123rf.com

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Tezos (XTZ) remains the only green coin in the top 20 while the whole cryptocurrency market is experiencing a deep correction.

At press time, XTZ is changing hands at $1.29 after surging by nearly 6 percent over the last 24 hours.

Tezos Price
image by coinstats.app

It's worth noting that Tezos is up by more that 12 percent against Bitcoin. The number one cryptocurrency dragged the rest of the market into a bloodbath after collapsing below the $7,600 level. 

Some altcoins took an even bigger hit. Stellar (XLM) and Tron (TRX) are down by nearly 10 percent.

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XTZ's resilience is stunning considering that the coin's price experienced a substantial price pump on Nov. 11. Prior to that, the altcoin surged by an eye-popping 70 percent on the Coinbase staking news

With that being said, Bitcoin might rain on XTZ's parade if it continues to slide. Otherwise, the Tezos price might be up for another push. 

 As of now, XTZ is the last man standing. 

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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 — 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.

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