Kraken Listing Shows That Tezos XYZ Recorded a 12 % Increase
The latest bullish market led to the increase in the valuation of cryptocurrencies. Almost all of the cryptocurrencies have skyrocketed.
However, the prices of these assets witnessed a significant decrease in recent times. The value of Tezos significantly increased during that period. This comes when most digital currencies like Bitcoin and Ethereum have experienced a drop in prices.
There were quick reverses in this bullish market because of speculation. Most of the people bought stocks when their prices were low and sold them after they had appreciated. This is a very attractive market since it is characterized by rising security prices. This is the reason why Tezos recorded a price increase after a short duration. The market signifies investor optimism in the general economy.
Tezo Increases Its Value By 12% Over A Short Period
When the news was released, Tezos increasing at a considerable rate of 12%. Tezos total market capitalization at that time was valued at $856.681 million. The crypto was also trading for $1.41 thus, influencing many investors jump in.
Most of Tezo’s market cap was held by Gate.io. Both Tezos and Bitfinex held $1.478 million and $423,157 respectively of the entirety of XTZ transactions.
Tezos' listing on Kraken greatly contributed to its exemplary performance in the market. Many cryptocurrency companies support this token because it is promising to potential investors. Tezos is expected to experience a further growth in the future.
Tezos has done well recently and many speculators are eagerly waiting to see if it will maintain or increase in value with time.
Tezos' management rarely communicated with Tezos users throughout 2017. Therefore, many individuals panicked since they never received any information from the company.
The latest emerging trends have made many individuals happy with the cryptosphere. One Twitter user commented on the issue recently. "Investors in this bullish market must have excellent speculative skills to make good returns in this industry".