Tezos (XTZ) Market Cap Hits $926.12 Million

Tezos (XTZ) traded 3.4% higher against the US dollar during the 1-day period ending at 17:00 PM ET on May 2nd. One Tezos coin can currently be purchased for $0.94 or 0.00001593 BTC on cryptocurrency exchanges. During the last week, Tezos has traded down 8.2% against the US dollar. Tezos has a total market capitalization of $926.12 million and $26.48 million worth of Tezos was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 2.5% higher against the dollar and now trades at $0.12 or 0.00000207 BTC.
• Terra Classic (LUNC) traded up 5.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded up 5.1% against the dollar and now trades at $0.58 or 0.00000984 BTC.
• aelf (ELF) traded 6.5% higher against the dollar and now trades at $0.55 or 0.00000933 BTC.
• GXChain (GXC) traded up 5.9% against the dollar and now trades at $0.39 or 0.00000662 BTC.
• Adshares (ADS) traded up 1.3% against the dollar and now trades at $0.40 or 0.00000667 BTC.
• BitShares (BTS) traded up 3.5% against the dollar and now trades at $0.0032 or 0.00000005 BTC.

About Tezos

XTZ uses the hashing algorithm. It was first traded on June 30th, 2018. Tezos’ total supply is 1,000,866,138 coins and its circulating supply is 980,299,502 coins. The official message board for Tezos is forum.tezosagora.org. The official website for Tezos is www.tezos.com. Tezos’ official Twitter account is @tezos and its Facebook page is accessible here. The Reddit community for Tezos is https://reddit.com/r/tezos and the currency’s Github account can be viewed here.

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.”

Buying and Selling Tezos

It is usually not presently possible to purchase alternative cryptocurrencies such as Tezos directly using U.S. dollars. Investors seeking to acquire Tezos should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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