Tezos Price Positions XTZ Among Top Altcoins In 2020

The past one year was great for the cryptographic project known as Tezos. It used a Proof-of-Stake model which added more than 480% to its value which is around 400% more than Bitcoin as the leading cryptocurrency surged by only 170%. The Tezos price positions XTZ as one of the best altcoins in 2020 and further movements are still expected.

In the last 30 days, the Tezos price gained more than four times of what Bitcoin added in the same period. Even though the Tezos price positions were unexpected for many, the XTZ cryptocurrency made over 60% in gains and the market determining the most dominant coin (Bitcoin) spiked by 17% against the US dollar.

Hence, the provider of unbiased and independent crypto ratings named Weiss Rating was featured in the crypto news, stating that the Tezos price positions put XTZ among a number of top-performing altcoins in the market. As the agency also noted, XTZ would continue to outpace Bitcoin price for the year 2020.

“Tezos (XTZ) is among the leading altcoins which continue to outperform Bitcoin price action in 2020. Tezos market cap has risen to $1.56 billion and it is close to flipping its positioning with Cardano (ADA) to rank among the top-10 cryptocurrencies by market capitalization”, Weiss stated when analyzing the Tezos price positions.

#Tezos (#XTZ) is among the leading altcoins which continue to outperform #Bitcoin price action in 2020. Tezos market cap has risen to $1.56 billion and it is close to flipping its positioning with Cardano (ADA) to rank among the top-10 cryptocurrencies by market capitalization.

— Weiss Crypto Ratings (@WeissCrypto) February 6, 2020

What’s also interesting is the fact that since the start of 2020, the market cap of Tezos has risen by around $600 million USD. In early January alone, Tezos had a market cap of around $900 million and now its total market cap counts more than $1.56 billion.

In spite of the major influx, Bitcoin also saw this year due to the positive growth experienced. The Tezos price positions are still putting XTZ ahed of the leading cryptocurrency in terms of trading volume.

Within 30 days, Tezos (XTZ) has seen over 60% in gains in its trading volume, compared to Bitcoin and its less than 20%. As displayed in many charts, the Tezos news outpaced the Bitcoin growth and indicated that XTZ has made more progress than Bitcoin this year.

At press time, the Tezos price positions itself in the $2.18 region with minor gains and a slower momentum than the one over the past few weeks.