Tezos coin price has been experiencing a steep surge over the past few days. The privacy coin price has skyrocketed, currently trading at $1.79 at the time of this writing. That’s 100% gain in just a few days.
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As a result of Tezos coin price surge, the privacy coin leaped to the top 10 list of most traded cryptocurrency coins by market cap. Tezos’ XTZ/BTC market pair is mostly responsible for the exponential gain.
Related: The 5 Best Cryptocurrency Coins to Buy & Stake in 2019 and 2020
Why the sudden Tezos coin price surge?
Part of Tezos coin price sudden increase can be attributed to a number of crypto exchanges entrance into the trending crypto coin staking market.
Binance, the 17th largest crypto trading platforms by trading volume, announced “zero-fee” Tezos (XTZ) staking on December 4th. Other popular crypto exchanges followed with their own announcements.
Coinbase, the cryptocurrency exchange popular with newbies announced Tezos (XTZ) staking a few days after Binance’s. A few hours ago, Kraken joined the hot crypto taking craze with a press release announcing their entrance, starting with Tezos coin.
Are these announcements responsible for XTZ coin price surge? Yes indeed. The privacy coin’s future outlook is excellent.
Blockchain projects; particularly exchanges, looking to take advance of this trending crypto trading method seems to have made Tezos privacy coin the de facto guinea pig for this ever growing coin staking experiment.
Recommended cryptocurrency coins for staking
Although Tezos is getting most of the coverage when it comes to coin staking, there are a few other crypto projects worth taking a look at to diversify our portfolio.
The following coins are recommended for staking and can be found on staked.us:
IOStoken (IOST), Decred (DCR), Cosmos (ATOM), KuCoin Shares (KCS), Komodo (KMD).
What are you thoughts on the current Tezos coin price surge? Do you think the gains are short-term or will it last?
Mathieu is a Information technology professional with over 15 years of experience. He started one of the first bitcoin blogs existed in 2010. He started writing about, investing in bitcoin and promoting the first cryptocurrency when only a few technological savvy people knew about it. Mathieu is a world traveler who enjoys culture, technology, finance, salmon, rice and beans. He’s cool, collected and knows a great deal about blockchain technology.
