Tezos (XTZ) Sinks Deeper below ICO Price Amidst Market Slump By Cryptovest
The slide of Tezos (XTZ) has accelerated, and the asset is now trading significantly below the price of its initial coin offering (ICO). The token sale was conducted at $0.51 per XTZ, and bonuses lowered the effective price to $0.42. The regular ICO price awarded 5,000 XTZ per (BTC). Currently, 5,000 XTZ cost around 0.5 BTC after Tezos dropped from $0.38 to $0.34 on Wednesday at around 7:30 UTC.
In the past month, the asset has unraveled from levels near $1.30, and there are no signs of recovery.
XTZ met with trouble from the start. While speculative trading pushed the price as high as $6.66 on January 7, 2018, the subsequent crash led to a much lower range. Even the official launch of the mainnet did little to stem selling.
One drawback of the ICO participation was the fac…
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.