Tezos XTZ's Rough Ride A Year After ICO
Kiana Danial | Jul 08, 2018 11:58PM ET
Tezos XTZ Overview: Tezos and its token XTZ went on a wild ride last week as its price crashed over 60% by Saturday and then recovered over 33% by the end of Sunday’s trading session. These all happened after the launch of its Beta-Net beginning of July. During its crash, it was one of the few cryptos to drop in top 20 in a rather bullish general market sentiment across the board.
About Tezos XTZ
Here's a little bit about Tezos. It’s a distributed, peer-to-peer, permissionless network, whose system is based on smart contracts similar to Ethereum (ETH). According to their CoinMarketCap.com .
Tezos XTZ Price Action
Thorough price action analysis is still not possible as the token is not yet listed on line chart , it does appear though that XTZ’s price may have bottomed out after last week’s drops towards the key support level of $1.40.
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At the time of writing it is aiming to cross above the $2.30 resistance level and reach the median resistance at around $4.00.
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