The condition of the crypto market sphere has ushered no hopeful information yet rather, and intense volatility is ravishing the prices of the altcoins. Altcoin like Tezos will tend to fall easily than to rise up. The condition is not expected to improve until the volatility is reduced to a great extent.
Current Statistics of Tezos:
- Price in USD: 1.12 USD
- Price in BTC: 0.00011025 BTC
- Circulating supply: 660,373,612 XTZ
- Market cap: 747,151,361 USD
- 30-Day High / low: 1.73 USD / 0.9833 USD
1-Day XTZ/USD Price Chart:
XTZ to USD Price Comparison & Future Forecast:
Tezos has great propensity to decline down at any time. Even yesterday, although it was traded above the baseline most of the time intermittently, it fell below the baseline today. Its momentum is also unstable, and this is the reason why there are no effective support levels to give a good push to the price of the XTZ coin. Yesterday, Tezos price was trading at 1.219177 USD, and today it has dropped to 1.116280 USD. Within only a day, Tezos price has fallen by 7.43%.
XTZ’s liquidity is currently very high. It is succumbed to fall easily than to rise. So, investors should wait for the right time to invest in it. Current investment on the same can incur significant losses to the investors.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.