Tezos (XTZ) Sinks Deeper below ICO Price Amidst Market Slump By Cryptovest

December 7, 2018
55 Views


© Reuters. Tezos (XTZ) Sinks Deeper below ICO Price Amidst Market Slump

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…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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.





Source link

You may be interested

Ethereum Price Tops $84.64 on Major Exchanges (ETH) – Fairfield Current
Ethereum News
2 views
Ethereum News
2 views

Ethereum Price Tops $84.64 on Major Exchanges (ETH) – Fairfield Current

Editor - December 16, 2018

[ad_1] Ethereum Price Tops $84.64 on Major Exchanges (ETH)  Fairfield CurrentEthereum (CURRENCY:ETH) traded up 0.3% against the dollar during the 1…

ICO Scam: AriseBank and its Founders to Refund Investors $2.7 Million
ICO News
1 views
ICO News
1 views

ICO Scam: AriseBank and its Founders to Refund Investors $2.7 Million

Editor - December 16, 2018

[ad_1] The United States Securities and Exchange Commission (SEC) has won a prolonged court battle against the AriseBank blockchain project…

On the Fifth Day of “12 Days of Coinbase”, All US Users Can Withdraw Balances to PayPal Instantly
Coinbase News
Coinbase News

On the Fifth Day of “12 Days of Coinbase”, All US Users Can Withdraw Balances to PayPal Instantly

Editor - December 16, 2018

[ad_1] On The Fifth Day Of The “12 Days Of Coinbase” Promotion, All US Users Can Withdraw Balances Instantly To…

Leave a Comment

Your email address will not be published.