Tezos Price Rally Continues Today, XTZ Is Up By 7.51%

At press time, the Tezos news now show that XTZ has witnessed a major pump and surged by 70% on Coinbase last week. Obviously, the Tezos price rally had a lot to do with the fact that the Swiss SIX exchange listed the cryptocurrency ETP with staking rewards.

However, Tezos sees no sign of stoppage. In fact, the Tezos (XTZ) cryptocurrency which stands behind the first self-evolving blockchain continues its impressive price rally today and has just spiked by almost seven percent, allowing it to reach an intraday high of $1.23.

For those of you who don’t know, the pump and new Tezos price rally comes after a Tezos-backed exchange traded product (ETP) was announced in the cryptonews by SIX, the largest stock exchange in Switzerland by the cryptocurrency firm Amun AG. The Zurich-based exchange also green-lighted a Bitcoin Cash backed ETP back in July this year. Along with Tezos (XTZ), it now has nine cryptocurrency products.

As reported on many news outlets, the Tezos price rally has been monstrous. Even though today Tezos (XTZ) is trading at $1.21 with a 7.51% increase, it managed to touch the .
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70 mark in the past days before turning to the selling pressure and correcting again.

Because of the new price increase and a surge of over 7%, XTZ got a second breath and may rise to new heights soon.

$XTZ yeeh pic.twitter.com/hWyKe6y0xb

— vast (@CryptoVast) November 14, 2019

Besides the Tezos price rally, we can see that there are not many altcoins in the green today – even though the day started quite optimistic. While Bitcoin is on the edge of a revival but constantly falling below new marks, two altcoins in the focus today are Cosmos (ATOM) with a rise of 5.15% and Cardano (ADA) which surged by 2.12% to a new price, too.

Still, the Tezos price rally is what is most viral in the altcoin news today. The cryptocurrency managed to ramp up its market cap which is now standing still at $799 million – and the volume of traded XTZ tokens is at $148 million. The cryptocurrency is on the 18th position of the total market cap and may go up even more if the rally withholds.

Besides XTZ and the price rally, most of the cryptocurrencies are in the red.