Tezos Price

What Is Tezos's Price Today?

Tezos (XTZ) is trading at $1.02 USD, decreasing by -1.93% since yesterday. Tezos has traded $225,068,990 USD in the last 24 hours.

Tezos (XTZ) is the #79 largest cryptocurrency by market cap as of November 21, 2024, with a market cap of $1,031,558,585 USD.

How Much Did Tezos Raise?

The Tezos ICO (initial coin offering) raised $228,185,796 USD by selling 490495934.0425532 Tezos tokens at a price of $0.47 USD. The Tezos ICO began on July 01, 2017 and ended on July 14, 2017. Key team members during the Tezos ICO included Andrew Miller, Emin Gün Sirer, and Zooko Wilcox.

What Is Tezos Cryptocurrency (XTZ)?

One of the interesting things about being involved in crypto at this early stage of its developments is that it’s not clear which coins are going to be the long term winners. While it does seem likely that Bitcoin will be the store of value, the battle to be the number one smart contract platform is far from over.

has a lead, of course, but other smart contract platforms believe that they offer solutions which Ethereum does not. Tezos for instance has a unique proof of stake (POS) consensus mechanism as well as an on-chain governance system that they believe makes them a better platform than Ethereum.

While these technologies are interesting, Tezos has not been without controversy. The crypto coin has been and the founders are still not completely cleared of wrongdoing. This has certainly affected the price of Tezos near its launch and these legal problems were an unfortunate happening for its investors.

Speaking of investors, Tezos making it one of the most successful ICOs of all time. Only a handful of coins, like EOS and Filecoin, have raised more.

Forgetting about the lawyers though, Tezos is an interesting smart contract platform and the Tezos market cap grew consistently throughout 2019.

Let’s look at the technology behind the coin to see why the XTZ price has been on the rise.

How Does Tezos Work?

Unlike Bitcoin or Ethereum, Tezos has been secured by a POS consensus mechanism since the very beginning. Instead of calling it staking, however, on the Tezos platform it’s referred to as “baking.”

Bakers earn a return by locking up Tezos and helping to secure the network. Small-time Tezos investors can delegate their votes to bakers. The biggest example of this is Coinbase which was one of the first crypto exchanges to let its users .

The ease of staking via Coinbase, and the attractive returns that typically hover around 5%, is one of the reasons that the Tezos price has gone up so much in the last year. Investors are buying the coin and then earning a good return by baking it.

Besides baking, the most notable feature on the Tezos platform is the . This protocol allows Tezos to “amend” itself without having to go through a hard fork.

That means that Tezos can upgrade without any concerns about a contentious hard fork. This has a good effect on the Tezos price as investors are not worried about losing value due to a hard fork which splits the chain.

Tezos trades on many exchanges including Binance and Kraken. However, those interested in buying Tezos with dollars via a XTZ/USD pairing should use Coinbase. Since investors can stake their coins through Coinbase after buying them it’s the most convenient option. If past performance is any indication it seems like that the Tezos price is only going to rise in the future.

How Many Tezos Coins Are There?

There are currently 1,013,759,776 Tezos coins circulating out of a max supply of 1,034,258,737.