At the start of 2020, Tezos was being considered the 15th most valuable cryptocurrency by market capitalization. But according to the latest cryptocurrency news, it has now climbed to 11th and is soon expected to be among the top ten.
It is considered the self amending cryptographic ledger and has grown to become favorite blockchain and cryptocurrency for real-estate and security tokens. The Tezos holders can put their XTZ at stake and receive additional tokens as a reward for creating and verifying new blocks in the chain.
In recent weeks, when many thought Bitcoin was about to explode, it has struggled instead to break back with the $10,000 mark. All crypto-currencies are not treading water. And the latest Tezos news is that it has reached 400% increasing from under $0.40 per tezos token in February 2019 to a bit over $2 currently.
It has risen by 10% over the last 24-hour trading period. Its year-to-date gains is now almost 50% and the market capitalization is around $1.4 billion. You can learn more about this currency on itscryptonews.com.
Tezos rally started in November last year and has been pushed on by major partnerships with the financial world. The Tezos Foundation’s Faucet awards users up to 0.01 XTZ every 12 hours is also behind the push. Dubai based asset manager ‘Dalma Capital’ and Brazil’s BTG Pactual bank had announced in November 2019 that they would use the tezos block chain for security tokens.
Elevated Returns has said that it will be using Tezos as token for its real estate in Aspen.
