Tezos News Today – Headlines for December 17
发布时间：2019-12-18 14:25:48 发布人：TokenString
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Tezos (XTZ) benefits from the negative sentiments in the BTC market
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Tezos (XTZ) price is up by more than 200 percent BTC’s year-to-date high
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Why XTZ is outperforming BTC
Tezos News Today – Bitcoin has had a very rough Q3 and Q4 this year. Since the digital currency peaked at almost $14k in June, it is down by about 50 percent. Bitcoin even looks poised to continue heading south before the end of this year. However, other digital currencies are benefiting from the negative sentiment in the BTC market.
One of the benefiting rivals is Tezos (XTZ). Tezos (XTZ) is a Proof of Stake blockchain project whose market cap has surged by 100 percent across the past and present financial quarters.
Bitcoin (BTC) Price Today – BTC / USD
#
Name
Price
24H %
1
Bitcoin(BTC)
$6,673.05
-2.94%
Tezos (XTZ) Price Has Surged By More Than 200% Since Bitcoin’s Year-To-Date High
Since June 26, the day BTC tested its year-to-date high of almost $14k, the price of XTZ against BTC has surged by over 200 percent. Whereas, the price of XTZ against the US dollar has surged by more than 70 percent within the same timeframe. Tezos has put a pretty impressive performance over the past few months. The digital currency has been gaining grounds, surging gradually, and displacing many altcoins on the way.
The recent massive upsurge in the price of Tezos has helped it to secure a spot on the list of top ten digital currency by market. At press time, XTZ is the tenth-largest digital currency by market cap.
Why Tezos (XTZ) Is Outperforming Bitcoin
‘Hype’ is still one of the most influential factors behind the attractive price move of a digital currency. The price of Bitcoin surged by over 350 percent after bottoming out close to the $3k level last December. Part of the massive gains of the digital currency showed up in the wake of the so-called safe-haven narrative. According to global media reports, mainstream investors treated BTC as a safe-haven in an escalating US-China trade war and declining yuan.
In June, the digital currency came to a broader spotlight after Facebook announced its interest in the cryptocurrency industry. In the same month, the price of Bitcoin against the US dollar surged towards $14k. In contrast, the majority of altcoins appeared less attractive. For instance, the price of XTZ plunged by more than 70 percent against BTC in Q2 this year.
Nevertheless, everything changed in the third quarter. Facebook’s plan to launch a private digital currency received flacks from lawmakers and regulators alike. As such, investors that expected Facebook’s Libra Coin to drive the adoption of cryptocurrency started exiting their BTC positions. The sentiment pushed the price of Bitcoin (BTC) downwards during the third quarter.
Tezos (XTZ) gains more momentum at that time, and the fundamentals around the coin increased significantly.
- Tezos (XTZ) benefits from the negative sentiments in the BTC market
- Tezos (XTZ) price is up by more than 200 percent BTC’s year-to-date high
- Why XTZ is outperforming BTC
Tezos News Today – Bitcoin has had a very rough Q3 and Q4 this year. Since the digital currency peaked at almost $14k in June, it is down by about 50 percent. Bitcoin even looks poised to continue heading south before the end of this year. However, other digital currencies are benefiting from the negative sentiment in the BTC market.
One of the benefiting rivals is Tezos (XTZ). Tezos (XTZ) is a Proof of Stake blockchain project whose market cap has surged by 100 percent across the past and present financial quarters.
Bitcoin (BTC) Price Today – BTC / USD
| # | Name | Price | 24H % |
|---|---|---|---|
| 1 |
|
$6,673.05 |
-2.94%
|
Tezos (XTZ) Price Has Surged By More Than 200% Since Bitcoin’s Year-To-Date High
Since June 26, the day BTC tested its year-to-date high of almost $14k, the price of XTZ against BTC has surged by over 200 percent. Whereas, the price of XTZ against the US dollar has surged by more than 70 percent within the same timeframe. Tezos has put a pretty impressive performance over the past few months. The digital currency has been gaining grounds, surging gradually, and displacing many altcoins on the way.
The recent massive upsurge in the price of Tezos has helped it to secure a spot on the list of top ten digital currency by market. At press time, XTZ is the tenth-largest digital currency by market cap.
Why Tezos (XTZ) Is Outperforming Bitcoin
‘Hype’ is still one of the most influential factors behind the attractive price move of a digital currency. The price of Bitcoin surged by over 350 percent after bottoming out close to the $3k level last December. Part of the massive gains of the digital currency showed up in the wake of the so-called safe-haven narrative. According to global media reports, mainstream investors treated BTC as a safe-haven in an escalating US-China trade war and declining yuan.
In June, the digital currency came to a broader spotlight after Facebook announced its interest in the cryptocurrency industry. In the same month, the price of Bitcoin against the US dollar surged towards $14k. In contrast, the majority of altcoins appeared less attractive. For instance, the price of XTZ plunged by more than 70 percent against BTC in Q2 this year.
Nevertheless, everything changed in the third quarter. Facebook’s plan to launch a private digital currency received flacks from lawmakers and regulators alike. As such, investors that expected Facebook’s Libra Coin to drive the adoption of cryptocurrency started exiting their BTC positions. The sentiment pushed the price of Bitcoin (BTC) downwards during the third quarter.
Tezos (XTZ) gains more momentum at that time, and the fundamentals around the coin increased significantly.
