Tezos (XTZ) Price Down 15.5% This Week

Tezos (XTZ) traded up 7.5% against the US dollar during the twenty-four hour period ending at 22:00 PM ET on August 5th. Tezos has a market capitalization of $633.16 million and approximately $60.89 million worth of Tezos was traded on exchanges in the last day. One Tezos coin can currently be purchased for approximately $0.64 or 0.00001142 BTC on popular exchanges. In the last week, Tezos has traded down 15.5% against the US dollar.

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

• TRON (TRX) traded up 0.3% against the dollar and now trades at $0.12 or 0.00000219 BTC.
• Terra Classic (LUNC) traded 12.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 17.2% against the dollar and now trades at $0.38 or 0.00000682 BTC.
• Terra (LUNA) traded up 10.6% against the dollar and now trades at $0.30 or 0.00000540 BTC.
• GXChain (GXC) traded down 5.2% against the dollar and now trades at $0.35 or 0.00000633 BTC.
• Adshares (ADS) traded up 2.5% against the dollar and now trades at $0.23 or 0.00000407 BTC.
• BitShares (BTS) traded down 2% against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Tezos Profile

Tezos uses the hashing algorithm. It was first traded on June 30th, 2018. Tezos’ total supply is 1,013,524,803 coins and its circulating supply is 992,976,521 coins. The Reddit community for Tezos is https://reddit.com/r/tezos and the currency’s Github account can be viewed here. Tezos’ official Twitter account is @tezos and its Facebook page is accessible here. Tezos’ official message board is forum.tezosagora.org. Tezos’ official website 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.”

Tezos Coin Trading

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

XTZ/USD price chart by TradingView