Tezos Price at $6.60 after 16.7% Gains – How to Buy XTZ

Blockchain technology has gained in terms of adoption in recent months, and with this adoption comes the rising values of the underlying cryptocurrencies. The Tezos blockchain fast gaining adoption, and this has played an integral role in increasing values. XTZ has been a leading gainer in the crypto charts in the past day.

Tezos is trading at $6.60 at the time of writing after a 16.7% gain in 24 hours.

Tezos Price Analysis

Over the past few days, XTZ has been making major gains pushing the coin’s value to new highs. The bullish sentiment comes when the broader market is recovering from a major price dump on September 22.

Currently, the broader market is consolidating, which means that most of the gains made by XTZ have been attributed to buyer support. If traders continue accumulating more coins, the coin could push to the next resistance of $6.80. This will pave the way for the coin to push towards $7. However, stronger market supports needs to come in for the coin to push towards the monthly highs of $8.

We could also see the coin retreating, given that volatility is high across the broader market. In case of a dip, XTZ will move to lows of $6 before a further dip towards $5.80.

The Tezos blockchain has been experiencing increased activities because of venturing into non-fungible tokens (NFTs). The Doja Cat NFT is currently trending on the blockchain, and it has attracted many fans looking to buy the Doja Cat NFT collection.

The collection will include 26,000 collectables, with the prices starting from as low as $5. The NFTs will allow users to buy concert tickets and give them access to the Planet Doja Discord community that will boost engagement between fans.

If the Tezos blockchain finds more adoption from NFT developers, activity on the network will increase, and so will be demand for XTZ, which will push prices to new highs.

Where to Buy XTZ

If you want to buy Tezos during the current bullish rally, you can create a cryptocurrency account on eToro. eToro is a reputable crypto exchange where a new trader can use the copy trading feature to copy seasoned traders’ trading strategies. eToro’s trading fees are also low and competitive, and a trader can gain access to a wide range of cryptocurrencies and trading pairs.

Looking to buy or trade Tezos (XTZ) now? Invest at eToro!

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