Tezos is Currently Experiencing A Revival In The Crypto Market, Major Coins Show Slight Improvements

In Tezos news today, top coins in the crypto market – Bitcoin (BTC), Ethereum (ETH), and Ripples (XRP) — are showing slight improvements from their previous trading values as at press time, according to a cryptocurrency news blog, Coin360. Since the start of the week, Bitcoin (BTC) has been trading between the $9,000 and $10,000 price marks. The coin showed a little action on the day, moving slightly; up by 2.37% to trade at $9,652 at press time. Predictions for the coins are still majorly positive and recently, Co-host of Squawk Box, Joe Kernen predicted that the coin could reach an all-time high of $55,000 by the next halving if it’s mining rewards. This halving is expected to occur on May 2020.

Tezos News Today – Tezos Latest Update – Cryptocurrency News Today – Cryptocurrency Price Analysis

The number one altcoin in the world by market capitalization, Ethereum, has had a decent week thus far and is trading around $212 at press time, moving up by 2.26% on the day. From observations of the coin’s weekly chart, it has gone up by 1.63%. San Francisco Open Exchange (SFOX) indicated that Ether may not be an altcoin last week. SFOX attempted to defend its argument that the relationship between Bitcoin movements and Ether is higher when compared to the other so-called altcoins.

Another major altcoin, Ripples (XRP) has experienced a gain of 3% on the day, trading at $0.319 at press time. The coin is up by 3.5% on its weekly chart. Ripple, the firm in charge of XRP, recently increased its University Blockchain Research Initiative. It has now included academics in Japan through two Universities — Kyoto University and the University of Tokyo.

Bitcoin Cash (BCH) experienced significant gains, going up over 9% on the day to trade at $330.42. The only loser among the top 20 coins in the crypto market is Bitfinex’s Unus Sed Leo (LEO), which is trading at $1.33 and down by 1.34% as at press time.

Bitcoin (BTC) Price Today – BTC / USD

#NamePrice24H %
1
bitcoin
Bitcoin(BTC)
$8,171.60
-1.83%

In Tezos latest update, Tezos, which is currently the 16th largest coin in the crypto sphere by market capitalization, has had the largest price increase on the day among the top 20 altcoins. The XTZ coin is trading at $1.24, going up by a whopping 24% in price value at press time. This exponential increase has occurred as a result of the United States-based crypto exchange, Coinbase, which publicly disclosed that it will now offer XTZ on Coinbase Pro as from August 5, 2019.

Earlier in the month, it was reported that the Biggest Investment Bank in Latin America, BTG Pactual, was planning to transfer its security token offerings onto the Tezos Blockchain. The Bank, and Delma Capital, a Dubai-based asset management company, will reportedly utilize the Tezos blockchain to tokenize assets in various industries which includes real estate, equity, and lending (Source: Cointelegraph). The total market capitalization for the top hundred cryptocurrencies is currently over $261 billion, according to the data provided by Coin360.

Tezos Price Prediction – Tezos Is Expected To Rise In Value In The Upcoming Months – Tezos Latest Update

In Tezos price prediction for August, the price of the coin is predicted to reach $0.94 by the beginning of the month and is expected to end the month at $0.95. The coin’s minimum price is predicted to be around $0.80 while its maximum price is forecasted at $1.18. By the beginning of December 2019, the price of the coin is predicted to reach $0.99 and may end the month at $1.02. The coin’s minimum price is forecasted at $0.87 while its maximum price is at $1.27.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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