June 18, 2024

Tezos is in the top ten cryptocurrencies

Tezos is in the top ten cryptocurrencies

The price of Tezos has not stopped growing since the beginning of October.Over these two months, it has grown by 144% - from $0.75 to $1.83.In addition, the asset recently moved Stellar and took the 10th position in the Coinmarketcap ranking.

Many experts attribute this price spike to the addition of XTZ staking services on top cryptocurrency exchanges.

American exchange Coinbase introduced a serviceremuneration for staking in early November. Initially, the service was available only to residents of the United States, but now users from all over the world can receive rewards.

In addition, at the beginning of this month the largestthe exchange in the world also began to support XTZ mapping. In order to attract new users, Binance Exchange offered a service with a zero commission with an estimated annual income of 6-7%.

As reported, yesterday the Kraken cryptocurrency exchange also added support for asset staking with an income of 6%.

According to the Messari information platform, 71.19% of the total Tezos offer is currently blocked on exchangers for the purpose of staking.

It is worth noting that in early November, Tezos held21 place in Coinmarketcap ranking. Now, cryptocurrency is in 10th place, beating, among others, Stellar, Cardano, Tron, IOTA, Monero and ChainLink.

Based on materialsbitcoinexchangeguide.com