The price of Tezos (XTZ) has risen by 17% in the past 24 hours, according to data from metrics site Nomics. One XTZ token is now worth $4.07 and the blockchain’s market cap is $3.4 billion.
Tezos started to rise at about 6:40 pm (EST) last night, when it began its climb from about $3.3. It has risen ever since, peaking at highs of $4.12.
In the same time period, daily trading volume has more than tripled, according to data from CoinGecko, from $108 million to $322 million. Tezos token’s most recent upswing is its first since early May, when XTZ hit highs of about $8.27.
Tezos launched in 2018 as one of the first proof-of-stake coins. Proof-of-stake coins are mined (“baked” and “staked” are also popular equivalents) by people who pledge lots of coins. This contrasts with proof-of-work, which has miners run energy-intensive software to process transactions.
Proof-of-work fell out of favor last month after Elon Musk, CEO of Tesla and one-time Bitcoin bull, slammed Bitcoin for
Źródło: https://decrypt.co/72935/tezos-clears-4-a-token-in-17-uptick
