Tezos Trading Up 14.1% This Week (XTZ)

Tezos (XTZ) traded up 0.4% against the US dollar during the twenty-four hour period ending at 19:00 PM E.T. on August 24th. Tezos has a total market cap of $745.16 million and approximately $12.59 million worth of Tezos was traded on exchanges in the last day. Over the last week, Tezos has traded up 14.1% against the US dollar. One Tezos coin can now be bought for $0.75 or 0.00001168 BTC on exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• TRON (TRX) traded 0% higher against the dollar and now trades at $0.16 or 0.00000248 BTC.
• Terra Classic (LUNC) traded down 0.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 1% higher against the dollar and now trades at $0.37 or 0.00000584 BTC.
• aelf (ELF) traded 0.3% lower against the dollar and now trades at $0.42 or 0.00000658 BTC.
• GXChain (GXC) traded 5.3% higher against the dollar and now trades at $0.39 or 0.00000614 BTC.
• Adshares (ADS) traded 1.4% higher against the dollar and now trades at $0.23 or 0.00000360 BTC.
• BitShares (BTS) traded up 0.8% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Tezos Coin Profile

XTZ uses the hashing algorithm. Its launch date was June 30th, 2018. Tezos’ total supply is 1,016,670,895 coins and its circulating supply is 996,135,576 coins. Tezos’ official website is www.tezos.com. The official message board for Tezos is forum.tezosagora.org. Tezos’ official Twitter account is @tezos and its Facebook page is accessible here. The Reddit community for Tezos is https://reddit.com/r/tezos and the currency’s Github account can be viewed here.

According to CryptoCompare, “Tezos is an open-source platform for assets and applications that can evolve and upgrade itself without having to split the network. It uses a proof-of-stake consensus mechanism and allows for formal verification to increase security. Users can participate in the consensus process by “baking”, or they can delegate their rights to other users. Arthur Breitman and Kathleen Breitman are the two main creators of Tezos, and a group of developers and researchers have joined them to create the platform.”

Buying and Selling Tezos

It is usually not possible to buy alternative cryptocurrencies such as Tezos directly using US dollars. Investors seeking to acquire Tezos should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Tezos using one of the exchanges listed above.

XTZ/USD price chart by TradingView