- Tezos flips Stellar Lumens to become the tenth largest digital currency by market cap
- Tezos (XTZ) is one of the top-performing crypto this year, with price surge of 280 percent
- Tezos fundamentals are increasing
Tezos News Today – The downtrend, which started earlier this week, has extended to this day. Most coins are still down in the red, with a few recording gains of less than 2 percent over the past day. However, there is one digital currency that seems to be powering ahead despite the bearish attack in the market.
Tezos (XTZ) has been enjoying bullish waves over the past day. The digital currency has recorded a considerable level of gains over the past day, pushing the coin to the tenth position on the list of top digital currencies by market cap.
Tezos (XTZ) Finds Its Way to the List of Top Ten Cryptos as Fundamentals Improve
Tezos (XTZ) is the top-performing digital currency among the top twenty in the market. The digital currency is on fire again, with gains of more than 17 percent over the past twenty-four hours. This massive gain has pushed the digital currency into the top ten. XTZ surged from a daily low of $1.55 to top out at $1.83 a few hours ago before a slight correction.
The daily trading volume has surged to $126 million from $70 million according to CoinMarketCap. The majority of the trading is on Binance and OKEx, as they hold the lion’s share. This move helped Tezos (XTZ) to flip Stellar Lumens, as its market cap surged to $1.2 billion. Stellar Lumens (XLM) is now out of the top ten cryptos by market cap, it is now occupying the 11th position.
Stellar Lumens has also been dumping over the past few days. At press time, it is down by about one percent over the past day. It has also been on a downward spiral all through this year, as it has dropped by 54 percent since the beginning of this year.
Tezos Is One of the Top Gainers This Year
Tezos (XTZ) has been one of the top-performing digital currencies this year. The price of the digital currency has surged by more than 280 percent since the beginning of this year. Over the past seven days alone, the price of the digital currency has surged by a whopping 40 percent while many coins in the market, including Bitcoin (BTC), are dumping.
The Fundamentals of Tezos Are on the Rise
Another digital currency trading platform has just joined those offering XTZ staking. According to a report, Kraken said that there would be opportunities to earn 6 percent by staking Tezos (XTZ) on the platform. This is one of the factors contributing to the significant growth in the price of the digital currency.
Earn a 6% return staking XTZ, available on Kraken Friday, Dec 13! Details here:https://t.co/UTaEfd9NIk
— Kraken Exchange (@krakenfx) December 11, 2019