Share this article
Tezos Token Makes Gains in Approach to Official Launch
The prospect of Tezos' official launch Monday has revved up investor interest in the project's XTZ token, pushing prices up 30% in a week.
Updated Sep 13, 2021, 8:23 a.m. Published Sep 17, 2018, 10:00 a.m.
The price of XTZ, the native token of the Tezos crypto project, rose 30 percent over the weekend in anticipation of the network's official launch Monday.
At press time, XTZ is trading at $1.55, having clocked a 5.5-week high of $1.75 at 13:10 UTC on Saturday. At that point, XTZ was up 35 percent from Friday's low of $1.29, according to CoinMarketCap data.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The cryptocurrency picked up a strong bid on Friday after the developers tweeted that Tezos' mainnet arrives on Sept. 17. In fact, the mainnet has been live in beta since late June with tokens tradeable on some exchanges.
Notably, trading volumes also jumped 169 percent on Friday to a nine-week high of $5.13 million, marking a surge in investor interest in the cryptocurrency.
It's been a long wait for investors in the project. Having raised $232 million via an ICO in July 2017 – one of the largest token sales ever – things were looking bright for Tezos. However, the development of the blockchain network was thrown into disarray due to a bitter legal tussle for control between the founders and co-founding members of the project – problems that now seem largely resolved by a shift in governance.
Looking forward, if the launch goes well and the trading volumes remain healthy, then XTZ could soon revisit Friday's high of $1.75. Further gains could be on the cards if the broader crypto market continues making gains.
Disclosure: The author holds no cryptocurrency assets at the time of writing.
Tezos token image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Dogecoin Hovers Near Key Support as Fed Easing Fails to Spark Risk Rally
Despite elevated trading activity, Dogecoin faces resistance near $0.1425, and its future movement is likely dependent on broader market sentiment.
What to know:
- The Federal Reserve's 25-basis-point rate cut has led to mixed market reactions, with Dogecoin trading quietly within its established range.
- Dogecoin's price remains stable between $0.13 and $0.15, with whale wallets accumulating significant amounts of the cryptocurrency.
- Despite elevated trading activity, Dogecoin faces resistance near $0.1425, and its future movement is likely dependent on broader market sentiment.
Top Stories
