A major financial agency Weiss Ratings (the only one that has a branch dealing with cryptocurrencies) has posted a tweet to support Tezos (XTZ) – the cryptocurrency that entered the top ten list on CoinMarketCap at the end of 2019.
Weiss Crypto Ratings reminds the community that XTZ has been in the bull market for a while already and has reached a new high in it. The coin has outperformed all the other altcoins, including Bitcoin itself, and surged more than 50 percent over the past month.
surges to a new bull market high, going up by more than 50% in the past five weeks, well ahead of the other — even (, Rated “A-”), the reigning King of Crypto.
— Weiss Crypto Ratings (@WeissCrypto)
As reported by InkByte previously, in mid-December, the Kraken crypto exchange added a staking option for Tezos and many believed that was the main trigger for its 14-percent surge back then.
Prior to that, Coinbase had also added XTZ-based staking.
Overall, the community of crypto traders has been bullish on Tezos, making more bets on its rise in the near future.
In another , Weiss Ratings explains the possible recent success of XTZ, citing the following reasons:
“Reason for #Tezos' success can be summed up in 4 key success factors: Flexible governance, bug-free code, 5% crypto "dividends" paid to #XTZ token holders, and decentralization.”
InkByte Editorial Team
Dan Burgin
