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Tezos on a rise after Winklevoss Twins mentions it at SXSW 2019

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Tezos token XTZ is surging after the famous Winklevoss Twins, the founders of the Gemini Cryptocurrency Exchange mentioned Tezos as an ethereum type competitor. Although the Winklevoss Twins mentioned it only once in a single sentence, it was enough for the cryptocurrency community to boost up the price of the XTZ coin.

In the SXSW 2019 video, the Winklevoss twins mentioned about Tezos at around 49:30.

Tezos Price Analysis:

Tezos was trading around $0.41 yesterday before the SXSW video came out. XTZ picked up bullish force as soon as the video went viral which was also published by the Tezos Reddit account.

XTZUSD Price Chart
XTZUSD Price Chart

XTZ is still in a bullish momentum, currently trading at $0.4600 which is a weekly high for Tezos. Tezos might face solid resistance around $0.4700 which might lead to the price correcting downwards.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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