Topic: Tezos retained it's top 10th Position in the market - page 2. (Read 221 times)
Yeah,recently Tezos team working well.Recently saw a news that Coinbase offer for staking.Day by day Tezos trading volume raising.first I thought that Tezos is one of the shit altcoin.But Now Tezos in 10th position.
I'm not giving attention to this kind of altcoin before but after several news of staking acceptance and adoption on different exchanges, I think it's the reason why Tezos became popular and retained its position in the market. If this will continue and people will look forward investing to the Tezos staking, this will make this coin even more popular and continue to rank up.
at first, it was because of staking on coinbase, afterward they made a partnership with singapore government for training purposes. those were tezos major news before other exchanges were following coinbase enabling staking on their platform. I think the biggest reason other exchanges were enabling it because it got support from singapore government.
Tezos is gaining more momentum because of Staking. They have been delivering a decent return of 6 to 7% annually. At the same time, the price has been gradually going on the upside. In such a scenario it will encourage investors to invest in it.
Yes, this is the only reason why suddenly Tezor bolted out and make it to the top 10.
And the thing with its staking is that most of the reputable exchanges are rolling it out, that's why investors has some sort of feeling confident that's why they suddenly pour their money and invest on it.
So it's a good strategy on their part and could buy them some time before the market picks up again next year.
Tezos is gaining more momentum because of Staking. They have been delivering a decent return of 6 to 7% annually. At the same time, the price has been gradually going on the upside. In such a scenario it will encourage investors to invest in it.
I remember when this coin newly launched in an exchange and could only be traded and staked in gate.io and this was the only exchange where it could be gotten for months, even with that, the coin was doing well on Coinmarketcap, I think it was within the top 30 coins on CMC back then, so now that it can be traded and staked on multiple exchanges, I wouldn't say that I am surprised with it's success, I just hope the team doesn't do anything to ruin this because the downfall of such good projects is usually the team.
I'm not giving attention to this kind of altcoin before but after several news of staking acceptance and adoption on different exchanges, I think it's the reason why Tezos became popular and retained its position in the market. If this will continue and people will look forward investing to the Tezos staking, this will make this coin even more popular and continue to rank up.
Tezos (XTZ) has effectively entered the rundown of the best 10 coins by advertise capitalization and is proceeding to scale. It is one of the not very many altcoins which have a market capitalization of over $1 billion.
In the course of recent weeks, the XTZ showcase cost has risen, raising any expectations of potential appreciation. After beginning incredulity, XTZ is getting all the more generally embraced and has enhanced about all ICO profit measurements.
Source: TheCoinRepublic
In the course of recent weeks, the XTZ showcase cost has risen, raising any expectations of potential appreciation. After beginning incredulity, XTZ is getting all the more generally embraced and has enhanced about all ICO profit measurements.
Source: TheCoinRepublic
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