Tezos Price Could Have Been Pumped By Coinbase, Reports Show

XTZ has been on fire over the past six months, surging by around 400% in the timeframe and leaving a lot of investors scratching their heads as to what is fuelling the astronomical rise. However, the Tezos price could have been pumped by Coinbase as some reports show.

The entire situation could be in part a clever marketing from the exchange that is driving extreme FOMO into the number ten cryptocurrency by market cap. For those of you who did not follow our altcoin news and rumors, the price of Tezos had an explosive start of the year as it rose by 225% since January 2020 first began.

Months later, even after a 28% pullback, the XTZ altcoin is showing no signs of stopping or slowing down. This is why the Tezos price could achieve so many things in the future and is designed to launch Security Token Offerings (STOs).

As a digital and tokenized version of the IPO launch, STOs are tokenizing traditional securities to take advantage of the benefits of blockchain technology for transparency, tracking and validation. Much like Ethereum exploded in value during the ICO boom, Tezos is also expected to perform strongly as STO comes into favor.

But there are many other factors showing that the Tezos price could rally in the future – XTZ is among the crypto market’s top performers this year which rocketed from low on the list to a position in the tenth spot, even passing Chainlink (LINK) which was the best performing altcoin of the previous year.

According to one Twitter user and investor, the Tezos price could have been manipulated by Coinbase – he recorded how his Tezos staking earnings pile up in real-time.

Omg, I didnt know the coinbase tezos interest ticker worked like this 😂😂😂😂😂😂 pic.twitter.com/XsHsNZGRoC

— Jebus (@jebus911) February 20, 2020

If this was not enough, we can see that the exchange further encourages holders of the altcoin to try out staking for themselves. Coinbase even offers holders of the coin additional XTZ tokens for giving staking a try.

The Coinbase news now show that Tezos price could always go up and that the exchange stands behind the token. Now that XTZ is rising in terms of value, the staking rewards are piling up quickly (in real time) which increases the likelihood that investors dump more capital in the parabolic altcoin.