Tezos Outperforming Crypto Markets
The good news is that there has been no big crypto dump over the weekend and most digital currencies have ground slightly higher. Bitcoin has continued consolidating as it pushes above $7,500 while the altcoins get dragged along with it. Only one has made any real progress over the past couple of days.
Tezos has just flipped Cardano as its market capitalization topped a billion dollars for the third time this year. Starting the weekend priced around $1.30 XTZ surged to hit an intraday high of $1.65 a couple of hours ago. The move equates to 27% over just two days making this altcoin the top performer by a large margin.
Daily volume for XTZ cranked from under $40 million to almost $70 million with Binance and OKEx taking the majority of the trade, followed by Coinbase Pro. Since the beginning of the year Tezos has made a whopping 250%, outperforming Bitcoin itself and most of the other altcoins which have dumped all of their 2019 gains.
The move was not lost on project supporters such as Kevin Mehrabi.
Tezos is in striking distance from the top 10, and after that…a fun grudge match with EOS. We're coming for you Danny boy! #tezos