Tezos Designate Rallies 13 Percent as Wider Cryptocurrency Market Slips

Tezos (XTZ) is experiencing a length of positive aspects, defying the stalled momentum of the broader cryptocurrency market. As of August 20, the token traded at $1.fifty seven, up extra than 13 % in 24 hours, taking it as much as quantity Sixteen on the CoinMarketCap token ranking.

Coinone Itemizing

The day gone by August 19, Coinone, a South Korean exchange, launched on Twitter that it may well per chance listing Tezos on Aug. 20.

코인원이 테조스(Tezos)를 상장합니다.
– 입출금 가능 시기 : 2018년 08월 20일 오후 12시 30분(KST)– 거래 가능 시기 : 2018년 08월 20일 오후 4시(KST) (예정)
자세한 사항은 코인원 공식홈페이지를 참고해주시기 바랍니다.
— Coinone (@coinone_info) August 20, 2018

A post on the real Coinone internet build then confirmed the info, stating that deposit and withdrawal products and companies for Tezos would begin at Sixteen:00 KST on August 20.

The info straight away resulted in a noticeable Tezos market spike as traders reacted favourably to the emergence of an XTZ/KRW trading pair.

Provide: CoinMarketCapCoinMarketCap data shows a large Tezos uptick because the token shot up over 13 % in pretty over 24 hours, reaching a 7-day excessive of $1.fifty seven with a market capitalisation exceeding $956 million.

Coinone may well furthermore no longer be a large exchange in the form of Coinbase or Binance, but the market has undoubtedly taken the Tezos listing data effectively, making Tezos a rare oasis of exact certain circulate in a listless crypto market.

Crypto Market Blues

Tezos is out on its beget as a token with essential certain circulate in the present crypto market. Bitcoin continues to fight to breach the $6,500 sign and Ethereum has plunged nearly 10 % for the day to $273.

The mini bull lunge comes at a correct time for Tezos, which has fair fair nowadays mounted a chain of exact recoveries from the setbacks and embarrassments that threatened to derail the project following its epic-breaking $232 million ICO.

Tezos is the subject of an ongoing class-action lawsuit by disgruntled ICO traders, and the token continues to discipline criticism for what critics gaze as a disappointingly- low trading volume. Here’s as a outcome of its dependence on Gate.io for market liquidity, which is one among a miniature  possibility of lesser identified exchanges listing XTZ.

It remains to be seen wheth
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