Crypto Livewire

Tezos Witnesses Price Increase After Being Mentioned by Winklevoss Twins

Ever since the Winklevoss Twins have mentioned Tezos at SXSW 2019, the price of the digital currency is witnessing a surprising surge. Cameron and Tyler Winklevoss, who have established Gemini Cryptocurrency Exchange, indicated Tezos to be a tough competitor, just like Ethereum.

What is more fascinating is that even though Cameron and Tyler made just a single mention of Tezos in a sentence during the entire conversation, the crypto community took notice of it which ultimately resulted in the price rise of Tezos coin XTZ.

If we analyze the price of XTZ in the past couple of days, the digital currency was trading at about $0.41 on 10th March. But as soon as the Winklevoss Twins’ SXSW video started doing the rounds, XTZ price started seeing a bullish rise. The official Reddit account of Tezos published the video as well.

Thanks to all the attention, XTZ also managed to reach a weekly trading high of $0.46. At the time of writing, XTZ is being traded at $0.44. However, it remains to be seen whether this cryptocurrency manages to continue the momentum or sees a downfall.

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Jason Fleming is a passionate writer for finance and cryptocurrencies. He strongly believes that crypto will become a benchmark in use of money in near future. He is known for his excellent opinion articles of cryptocurrencies. He closely follows world's financial market of cryptocurrencies.

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