Tezos Hits Market Capitalization of $672.73 Million (XTZ)

Tezos (XTZ) traded down 1.9% against the dollar during the one day period ending at 21:00 PM ET on October 23rd. One Tezos coin can now be bought for $0.67 or 0.00000992 BTC on popular cryptocurrency exchanges. Tezos has a total market capitalization of $672.73 million and approximately $18.82 million worth of Tezos was traded on exchanges in the last day. In the last week, Tezos has traded down 3.7% against the dollar.

Here is how other cryptocurrencies have performed in the last day:

• TRON (TRX) traded 0.2% higher against the dollar and now trades at $0.16 or 0.00000239 BTC.
• Terra Classic (LUNC) traded down 3.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 1.7% against the dollar and now trades at $0.37 or 0.00000546 BTC.
• Terra (LUNA) traded down 3.2% against the dollar and now trades at $0.37 or 0.00000545 BTC.
• GXChain (GXC) traded down 1.4% against the dollar and now trades at $0.36 or 0.00000539 BTC.
• Adshares (ADS) traded down 2% against the dollar and now trades at $0.22 or 0.00000330 BTC.
• BitShares (BTS) traded 0.6% lower against the dollar and now trades at $0.0016 or 0.00000002 BTC.

About Tezos

XTZ uses the hashing algorithm. Its launch date was June 30th, 2018. Tezos’ total supply is 1,028,817,162 coins and its circulating supply is 1,008,293,660 coins. Tezos’ official message board is forum.tezosagora.org. Tezos’ official Twitter account is @tezos and its Facebook page is accessible here. The Reddit community for Tezos is https://reddit.com/r/tezos and the currency’s Github account can be viewed here. The official website for Tezos is www.tezos.com.

According to CryptoCompare, “Tezos is an open-source platform for assets and applications that can evolve and upgrade itself without having to split the network. It uses a proof-of-stake consensus mechanism and allows for formal verification to increase security. Users can participate in the consensus process by “baking”, or they can delegate their rights to other users. Arthur Breitman and Kathleen Breitman are the two main creators of Tezos, and a group of developers and researchers have joined them to create the platform.”

Buying and Selling Tezos

It is usually not currently possible to purchase alternative cryptocurrencies such as Tezos directly using US dollars. Investors seeking to acquire Tezos should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Tezos using one of the exchanges listed above.

XTZ/USD price chart by TradingView