Yuri Molchan
XTZ, the 11-ranked coin on CoinMarketCap, has hit a new high in the bull market that started recently and has surged more than BTC in the past month, according to Weiss Ratings
A major financial agency, Weiss Ratings (the only one with a branch dedicated to cryptocurrencies) posted a tweet in support of Tezos (XTZ) – the cryptocurrency that was included in CoinMarketCap’s top ten list in late 2019.
Weiss Crypto Ratings is reminding the community that XTZ has been in the bull market for some time and has hit a new high. The coin has surpassed all other altcoins, including Bitcoin itself, and is up more than 50 percent in the last month.
#Tezos hits a new bull market high and is up more than 50% in the last five weeks, well ahead of the other #altcoins – even #Bitcoin (#BTC, rated “A-“), the reigning king of Crypto # XTZ
– Weiss Crypto Ratings (@WeissCrypto) February 7, 2020
As U.Today reported back in mid-December, the Kraken crypto exchange Tezos added a stake option, and many believed that this was the main trigger for the 14 percent increase at the time.
Previously, Coinbase had also added an XTZ-based stakeout.
Overall, the crypto trader community has been optimistic about Tezos and is betting more on its rise in the near future.
In another tweet, Weiss Ratings explains the possible recent success of XTZ, citing the following reasons:
“The reason #Tezos’ success can be summed up in four key success factors: flexible governance, flawless code, 5% crypto dividends paid to # XZZ token holders, and decentralization.”
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