Tezos (XTZ) Reaches Market Cap of $445.52 Million

Tezos (XTZ) traded 0.3% lower against the U.S. dollar during the 1 day period ending at 11:00 AM ET on February 9th. One Tezos coin can now be purchased for approximately $0.41 or 0.00000596 BTC on major cryptocurrency exchanges. Tezos has a total market cap of $445.52 million and approximately $20.43 million worth of Tezos was traded on exchanges in the last day. During the last seven days, Tezos has traded down 13.7% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last day:

• TRON (TRX) traded 0.6% lower against the dollar and now trades at $0.28 or 0.00000399 BTC.
• Terra Classic (LUNC) traded 1.8% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• aelf (ELF) traded down 1.6% against the dollar and now trades at $0.0802 or 0.00000115 BTC.
• Terra (LUNA) traded 2.7% lower against the dollar and now trades at $0.0613 or 0.00000088 BTC.
• GXChain (GXC) traded up 1.3% against the dollar and now trades at $0.36 or 0.00000523 BTC.
• Adshares (ADS) traded 1.5% lower against the dollar and now trades at $0.58 or 0.00000837 BTC.
• BitShares (BTS) traded up 1.7% against the dollar and now trades at $0.0011 or 0.00000002 BTC.

Tezos Profile

Tezos (CRYPTO:XTZ) uses the hashing algorithm. It launched on June 30th, 2018. Tezos’ total supply is 1,094,922,532 coins and its circulating supply is 1,074,862,208 coins. The Reddit community for Tezos is https://reddit.com/r/tezos and the currency’s Github account can be viewed here. The official website for Tezos is www.tezos.com. Tezos’ official message board is forum.tezosagora.org. Tezos’ official Twitter account is @tezos and its Facebook page is accessible here.

According to CryptoCompare, “Tezos is a new decentralized blockchain that governs itself by establishing a true digital commonwealth. It facilitates formal verification, a technique that mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.Tezos takes a fundamentally different approach to governance by creating governance rules for stakeholders to approve of protocol upgrades that are then automatically deployed on the network. When a developer proposes a protocol upgrade, they can attach an invoice to be paid out to their address upon approval and inclusion of their upgrade. This approach provides a strong incentive for participation in the Tezos core development and further decentralizes the maintenance of the network. It compensates developers with tokens that have immediate value rather than forcing them to seek corporate sponsorships, foundation salaries, or work for Internet fame alone.Blockchain data provided by: Blockchair (main source), TzStats (backup)”

Buying and Selling Tezos

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

XTZ/USD price chart by TradingView