Altcoins News
By Maheen Hernandez
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TEZOS TRENDS ARE POSITIVE
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COINBASE LARGEST VALIDATOR
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Tezos (XTZ) had a great year through 2019. It is one of the few tokens which performed well this year. Coinbase is one of the largest validators of Tezos with 30.
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Considering the current trend to continue, very soon, we will be able to see cryptocurrency exchanges dominating the top validators list.
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The current trends for Tezos are positive. Exchanges are to buy stakes in Tezos. With increased buying pressure, Tezos will rise in the long run.
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Tezos climbed to be in the top 10 in terms of market capitalization. Binance and Coinbase introduced staking for XTZ.
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One of the tweets stated: “Coinbase has now overtaken Polychain Labs as the largest validator on Tezos.”
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Coinbase had to buy additional Tezos to provide its staking service. The primary reason being how the Tezos Proof of Stake (PoS) works.
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On December 09, 2019, the trend was like: "Coinbase still needs to purchase 1.3 MILLION XTZ for its staking operation or else forfeit its staking rights.
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Staking is evolving to be a new trend for cryptocurrency exchanges. Several cryptocurrency exchanges are introducing their stakes in different coins.
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XTZ is close to Stellar, probably will achieve a flipping. The expectations for future appreciation are increasing.
The Currency Analytics
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