Why Analysts Believe Tezos Bull Power May Not Dwindle As Token Usage Hits Real Estate

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In 2019, subsequently after being listed on Coinbase, the glitz that accompanied the crypto asset’s staking feature added with a growing interest in DeFi made the cryptocurrency surge. In April 2020, Binance.US launched its staking rewards in which the exchange will be taking hourly snapshots of the user’s XTZ balances to determine rewards.

Just like Chainlink, Tezos also went to set new all-time highs earlier on this year, but later fell in March market carnage to trade as low as $1.00.

Recently, its usage extended into real estate as Tezos teamed up with Vertalo and Overstock’s tZERO to build a new tokenization platform.

Tezos at the moment is exchanging hands at $2.23 up from its weekly lows of $1.85. The bulls were able to steer the asset to a high of $2.37 from which it reclined to its current levels due to selling pressure.

Consequently, this will pave way for other real estate tokenization projects to be undertaken by Tezos. Analysts are however of the opinion that Tezos may see negative price activity if its usage in the real estate does not correspond with the huge increase recorded in its price action.

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