Buying Tezos is an investment that comes with significant risk. While XTZUSD trading experienced immense highs, it is also fallen to devastating lows. Here are the options to buy Tezos onlin
What is Tezos?
Tezos was founded in 2014 with the goal of creating a self-repairing blockchain. Tezos (XTZ), the cryptocurrency linked to the blockchain is known as a "Tez" and "Tezzie".
Although the implementation was complex, the core concept of Tezos was simple. Anyone who owned the Tezos (XTZ) cryptocurrency would be able to vote on any possible changes to the rules. Once the votes were cast, the software would automatically upgrade to reflect the changes.
However, the notion that a cryptocurrency could be upgraded within its own software was a bigger idea and sparked a discussion about blockchain governance.
Tezos would change the blockchain taxonomy and effectively separate crypto assets into two groups: those with off-chain governance and those with on-chain governance.
It’s important to know that Tezos does not use mining to generate XTZ. Token holders get a reward for participating in the proof of stake consensus mechanism. Tezos users could vote through a process called baking, in which they agreed that they would lock XTZ in special contracts. To earn newly minted Tezos (XTZ) tokens, users could become bakers or delegate XTZ.
Tezos's unique design was so successful that it was able to raise record-setting funding levels in 2017, before launching its live blockchain in 2018.
Tezos had a promising start, and a successful initial cryptocurrency offering (ICO) was a success. However, Tezos faced many legal problems and delays. Tezos was able to survive the crypto bear markets thanks to its unique proof-of-stake consensus mechanism. Between October 2019 and February 2020, the price of tez increased more than three times and hit record highs. Tezos is still a popular cryptocurrency and continues to be in the Top 50.
As crypto exchanges have become more accessible and the XTZUSD price has risen, more people have begun to invest in cryptocurrency. Tezos trading is allowing a great transfer of wealth and even new investors can hope to profit from its fast growth and earn higher returns than they would on the stock market.
With so much attention from the media and financial traders, new cryptocurrency investors are always looking for advantageous ways (platforms) to buy Tezos (XTZ) online. Luckily, there are numerous services and guides on how to buy Tezos to help you get started in the cryptocurrency market.
Where to Buy Tezos (XTZ coin)
There are two ways cryptocurrency investors can choose when searching how to buy Tezos (XTZ) online:
- Cryptocurrency exchange
- Online Brokers
Crypto exchanges might be a good option for holding your funds, especially if you plan to withdraw them to a private wallet.
Online brokers are another great option where to buy Tezos (XTZ), which is increasing in popularity lately due to ease of trading, fast transaction, and greater control over the digital assets in your portfolio.
When you use a broker platform, you gain access to a comprehensive feature set that will assist you in more precisely calculating your strategies and risks. As a result, you will be able to add more indicators to the chart and use the built-in technical analysis tools. However, unlike an exchange, the broker platform will not provide you with the same large offer of cryptos to trade.
Additionally, global brokers like CAPEX also provide a few options to indirectly invest in Tezos and other cryptocurrencies: cryptocurrency Exchange-Traded-Funds (ETFs) and companies connected to cryptocurrencies (crypto stocks).
Buying Tezos (XTZ) over an exchange
If you want to participate in a crypto project development and own the digital asset, you can buy Tezos (XTZ) online through a cryptocurrency exchange, such as Binance, Kraken, Bittrex, or Coinbase, and store it in a digital wallet.
Having an account on a cryptocurrency exchange allows you to send and receive Tezos (XTZ). Transferring Tezos is like the way traditional bank transfers work, except for the bank account address, which is replaced with a Tezos address. Because digital currency is transmitted directly between individuals without needing third-party entities, such as banks, transaction fees are cheaper than those charged by traditional institutions.
If you want to hold your crypto for a longer time, it is advised to transfer them from the crypto exchange to a secure cryptocurrency wallet. Wallets are much safer, and each private crypto wallet has a private key. It is critical to keep your private key safe because you won't be able to access your crypto without it, and if it's easily available, your funds could be stolen.
Buying Tezos (XTZ) through an exchange is for those who want to use it for day trading or purchasing crypto to transfer to a wallet. When you’re buying Tezos (XTZ) through a cryptocurrency exchange, you own the digital asset, and you can transfer it to a crypto wallet or do whatever you wish with it. If the price of Tezos rises, then the value of your portfolio goes up as well. But if the price of Tezos (XTZ) falls, then the value of your portfolio falls, while the amount of Tezos (XTZ) remains the same.
Here are the main drawbacks when buying Tezos (XTZ) through a cryptocurrency exchange:
- Cryptocurrency exchanges may not be regulated in your country and offer little to no protection for investors.
- The matching engines and servers on Tezos (XTZ) exchanges are often unreliable, leading to the inability to access your account and control your funds.
- Cryptocurrency exchanges have many restrictions and limitations for their services, including transaction fees, withdrawal fees, and imposing minimum amounts for funding and withdrawing funds.
The good news is that investors can limit the risks presented by the crypto exchange by trading Tezos (XTZ) with contracts for difference (CFDs). Tezos (XTZ) CFDs allow you to speculate on the price of the cryptocurrency without having to own the digital asset.
Read on if you want to learn to trade Tezos with capex.com in the most convenient way.
Buying Tezos (XTZ) with an Online Broker
Trading Tezos (XTZ) with an online broker like CAPEX means that instead of owning Tezos outright, you’ll be speculating on its price with CFDs.
The main difference between buying Tezos (XTZ) from an exchange and buying Tezos (XTZ) from an online broker is that you don’t own Tezos (XTZ) when you use a broker. Owning crypto requires investors to have a crypto wallet, either within the exchange or a private wallet. But when you purchase Tezos (XTZ) CFDs using an online broker, the CFDs are stored in your account and are far more liquid, which makes trading CFDs more popular. Unlike cryptocurrency exchanges, online CFDs brokers are regulated by financial authorities.
The Alternative Way to Invest in Tezos (XTZ)
Trading CFDs is a process of buying or selling CFDs and can generate a profit if the value of the asset moves in the direction of the investor’s prediction, or a loss if the market goes against him.
You can buy Tezos CFDs (go long) if you believe the value of the digital asset will increase.
At the same time, you can “go short” if you believe that the price of the underlying asset, in this case, Tezos (XTZ), will decrease, by selling CFDs.
Trading CFDs provides leverage, and you can open your position by depositing only a margin.
For example, if a trader wants to buy 1,000 Tezos CFD at $4 would only require $2,000 of trading capital.
It’s important to remember that leverage can increase both your profits and your losses, and they will be based on the full exposure of the trade, not just the margin requirement needed to open it. Potential losses, as well as profits, could exceed your margin.
Concisely, if you choose to trade crypto CFDs, you can profit from the difference between the buying and the selling position.
With CAPEX, you can trade CFDs on futures or spot prices. Trading CFDs on futures gives you exposure to the futures market, but without requiring you to take on any obligations or worry about any of the other nuances that are associated with futures trading.
Buy Tezos XTZ CFDs - Go Long
Instead of taking ownership of Tezos, you can place a ‘long position’ translates to buying Tezos CFDs. Your position, or Tezos CFDs, will increase in value according to the increase in the price of the digital asset Tezos’s price increases. If the price of Tezos falls, then your position will lose value and can lead to loss.
Let’s assume that Tezos is trading at a sell/buy price of 4.05/4.10 USD. You want to buy 1,000 CFD (units) because you think the price of Tezos will go up. Tezos has a 1:2 leverage or a margin rate of 50%, which means that you must deposit only 50% of the position’s value as position margin.
In this example, your CFD position margin will be $2.050 (50% x (1,000 units x $4.10 buy price)). Losses greater than the margin can occur if the price of Tezos moves against your position.
Outcome A: a profitable trade
If your prediction was correct, and the price of Tezos surges over the next hours or days, then you have made a profitable trade. If the sell/buy price is 5.10/5.15 USD when you decide to close your position by selling at 5.10 (the new sell price), then your profit will be $1000.
The price has moved $1 (5.10 - 4.10) in your favor. Multiply this by the size of your position (1,000 units) to calculate your gross profit which is $1000.
If the position was closed during the day, there will not be any swap charges and the net profit is $1000.
If the position was closed after a few days, there will be swap charges according to the overnight rollover specification, in this case, -0.0563%.
Let us assume the position was closed the next day, the overnight swap calculation formula will be:
- Overnight swap = 1,000 (units) x $4.30 (price at rollover) x 0.0563% x 1 (days) = $2.42
Therefore, your total profit on Tezos CFD is your gross profit minus the rollover cost.
- $1000 - $2.42 = $997.58 net profit
Outcome B: a losing trade
If your prediction for the price of Tezos was wrong, the Tezos CFD trade will result in a loss. Let’s assume that the price of Tezos drops over the next hour to a sell/buy price of $3.90/3.95. Because you want to limit the loss in the eventuality that the price continues to drop, you can sell at $3.90 (the new sell price) to close the position.
The price has moved $0.2 (4.10-3.90) against you. Multiply this by the size of your position (1,000 units) to calculate your loss, which is $200.
Sell Tezos XTZ CFDs - Go Short
In this CFD example, Tezos is trading at a sell/buy price of 4.05/4.10 USD. Assume you want to sell 2,000 CFDs (units) because you think the price will go down. Tezos has a 1:2 leverage or a margin rate of 50%, which means that you only must deposit 50% of the position’s value as position margin.
In this example, your CFD position margin will be $4050 (50% x (2000 units x 4.05 sell price)). Remember that if the price moves against you, it is possible to lose more than your initial position margin of $4050.
Outcome A: a profitable trade
Your prediction was correct, and the price falls over the next 2 days to a sell/buy price of 3.10/3.15 USD. You decide to close your trade by buying back at $3.15 (the new buy price).
The price has moved $0.9 (4.05-3.15) in your favor. Multiply this by the size of your position (2,000 units) to calculate your profit, which is $1,800 gross.
Let us assume the position was closed after 2 days, the overnight swap calculation formula will be:
- Overnight swap = 2,000 (units) x 3.50 (average price at rollover) x 0.0118% x 2 (days) = $1.65
Therefore, your total profit on Tezos CFD is your gross profit plus the rollover cost.
- $1,800 + $1.65 = €1,801.65 net profit
Outcome B: a losing trade
Unfortunately, your prediction was wrong, and the price of Tezos XTZ rises over the next hour to a sell/buy price of $4.45/4.50. You feel the price is likely to continue up, so to limit your potential loss you decide to buy at $4.50 (the new buy price) to close the position.
The price has moved $0.45 (4.50-4.05) against you. Multiply this by the size of your position (2,000 units) to calculate your loss, which is $900.
If you are not ready to trade CFDs at spot or futures prices yet, we have also got educational resources like CAPEX Academy with free courses on how to trade. Plus, we offer a demo account – giving you $50,000 in virtual funds to build your confidence in a risk-free environment.
Investing in Tezos without actually buying Tezos
While buying and day trading cryptocurrency is a major trend right now, it is important to remember that cryptocurrencies are a volatile and risky investment choice. If investing in crypto on an exchange or via a broker does not feel like the right choice for you, here are a few options to indirectly invest in Tezos and other cryptocurrencies:
Exchange-Traded Funds - Crypto ETFs
Exchange-traded funds (ETFs) are popular investment tools that allow investors to buy exposure to hundreds of individual investments in bulk. That is why ETFs are a means of diversification for your portfolio and as less risky than investing in individual investments.
A crypto ETF allows investors to trade cryptocurrency on a traditional market and eliminates the need to trade the asset on a crypto exchange. Another advantage of trading crypto ETFs is that investors do not have to worry about the security aspects of trading crypto.
US investors can enter the crypto market by using ProShares Bitcoin Strategy ETF (BITO). The Fund provides capital appreciation through managed exposure to bitcoin futures contracts.
A Tezos ETF could come in 2022. The approval of a Bitcoin ETF means a similar offering for Tezos is imminent.
>> Learn what is an ETF and how does it work
Companies Connected to Tezos and Cryptocurrency - Tezos Stocks
Another option is to invest in cryptocurrency indirectly by investing and buying shares of companies that offer real-life products and services but still use or own cryptocurrencies as part of their business model (known as Tezos stocks). With an all-in-one trading account with CAPEX, you can also trade shares CFD of public companies like:
- Intel (INTC). Intel is actively working with Hyperledger, an open-source blockchain project that aims to advance cross-industry Blockchain technology implementations. Learn how to buy Intel shares
- MicroStrategy (MSTR). The company holds a total of 121,044 Bitcoin. MicroStrategy is the largest public company to hold cryptocurrency. Learn how to buy MicroStrategy shares
- Square (SQ). Since October 2020, Square has purchased over $220 million worth of Bitcoin. As of February 2021, this payment services provider stated that 5% of its cash is stored in Bitcoin. Their app, Square Cash, allows clients to buy, sell and trade crypto. Learn how to buy Square shares
- Robinhood (HOOD). This is a popular US-based brokerage app that offers users to buy stocks, options, commodities and cryptocurrencies. Learn how to buy Robinhood shares
- Tesla (TSLA). Tesla is an electric vehicle manufacturer, has always been a staunch supporter of digital currencies and started accepting them as payments in February 2021, when the company purchased $1.5 billion worth of Bitcoin. Learn how to buy Tesla shares
- CME Group (CME). CME is a financial derivatives exchange that offers trades in cryptocurrencies as well. In Q3 2021, the company reported a 14% year-over-year increase in its average daily volume (ADV) at 17.8 million contracts. Learn how to buy CME shares
>> Learn more about stock investing
How to Buy Tezos (XTZ)
Are you wondering how to buy Tezos with CFDs? CAPEX offers XTZ trading via CFDs on Tezos USD spot prices to speculate on the value of XTZ against the most popular currency, as well as the brand-new PRO Shares Bitcoin Strategy ETF. Here are the steps:
Step 1: Create an account and deposit funds
When you trade on cryptocurrencies, instead of purchasing Tezos and other popular digital currencies, you can be ready to open a position much faster. You do not need a digital wallet or an account with an exchange. In fact, all you need to trade via CFDs is an account with a leveraged trading provider.
With CAPEX, you can open an account in minutes, and there is no obligation to add funds until you want to place a trade.
When you create a trading account with CAPEX, you will be able to:
- ‘Buy’ (go long) or ‘sell’ (go short) Tezos and other popular cryptocurrencies to speculate on their price rising or falling
- Take a position on our range of ETFs to get exposure to a basket of shares from an entire country, index, or sector that could be rising or falling in price.
- Trade a host of global indices to go long or short on the performance of an entire economy with a single trade.
- Use QuantX, the smart portfolio builder that helps you cover the popular industries and only invest in the top-performing stocks.
Step 2: Choose your Crypto trading platform
Our trading platforms can provide you with a smarter and faster way to trade Tezos CFDs – with personalized alerts, interactive charts, trading signals, and built-in risk management tools. You can trade via the CAPEX trading platform using:
CAPEX Web Trader
Trade on one of the most complete, fully customizable trading platforms on the market.
Available on desktop (Windows, Mac) and mobile (Android, iOS), it provides intuitive, web-based access to a vast range of tradable instruments, charting tools, analytical tools, and many more features.
To view Tezos's real-time price and chart on the trading platform can click on the "Search" icon located in the left panel or by clicking on "Cryptocurrency" and then select the instrument, in this case, Tezos (XTZ).
MetaTrader 5, one of the best crypto trading apps, is providing superior tools for comprehensive price analysis, use of algorithmic trading applications (trading robots, Expert Advisor), and copy trading.
MetaTrader 5 is available on both desktop and mobile.
Step 3: Pick up a Tezos trading strategy
Learning how to buy Tezos is easy but adopting the right Tezos trading strategy is essential to time the market.
The main Tezos trading strategies are:
Buy and hold, also called position trading, is an investment strategy whereby an investor buys Tezos to hold them long term, with the goal of realizing price appreciation, despite volatility.
Traders take a position according to the main trend (months to years). You can “go long” if Tezos is in a bullish trend or “go short” if the Tezos trend is bearish. If the major trend starts to slow or reverse, you will think about closing your position and opening a new one to match the emerging Tezos trend.
All trades are performed during the day. There are no open positions overnight, though no rollover charges. Traders are looking to profit from Tezos’s short-term price movements (including scalping), and it can enable them to make the most of daily volatility in bitcoin’s price.
When you hedge Tezos, it means that you use CFDs to counteract the Tezos price movement you already own. For example, if you owned some Tezos but were concerned about a short-term drop in their value, you could open a short position on Tezos with CFDs. If the Tezos price falls, the gains on your short position would offset some or all the losses on the coins you own.
Following the chart patterns and general trends can give you a hint to where Tezos is going.
Step 4: Set your Tezos orders
A trade order is an agreement to buy or sell a specific asset like Tezos at a specific price or price range.
To buy Tezos CFD with CAPEX, click on the "Buy" button and a window is displayed to configure the purchase order. You can choose among Market, Limit, and Stop orders.
Additionally, you can pre-define Stop Loss and Take profit orders, which are crucial risk management tools – that help you minimize the potential loss and maximize the potential gains.
How to buy Tezos with Market Orders
The simplest type of trade order is a market order. Market orders are usually placed by traders if they want to be certain trade is executed. A market order is instant. Therefore, it is simply an order placed by a trader to buy or sell Tezos immediately at whatever its current price is.
I want to buy 200 Tezos (XTZ) right now or as quickly as possible.
How to buy Tezos with Limit Orders
While a market order is simply an order placed by traders to buy or sell an asset immediately at whatever the current price, a limit order in its most basic sense, is an order to buy or sell an asset at a specific price. Buy limit orders are placed above key support levels with the purpose of limiting price risks anticipating the uptrend will resume after a correction (buy the dip).
The price for XTZ/USD is currently at USD 36.00 and you place a buy limit order at USD 32.00, then your order is meant to execute at the price of USD 32.00 as soon as there is a matching sell order at this price or better.
How to buy Tezos with Stop Orders
A stop order is an order that becomes a market order only once a specified price is reached. It can be used to enter a new position or to exit an existing one. Limit orders are placed above key resistance levels anticipating a breakout after a consolidation.
The price for XTZ/USD is currently at USD 36.00 and you place a buy stop order at USD 37.00, then your order is meant to become market at the price of USD 37.00 as soon as the price is reached.
Step 5: Monitor and close your Tezos position
To open a Tezos trade, you’d buy if you thought that the price was going to rise or sell if you thought the price was going to fall. Once your trade is open, you’ll need to monitor the market to make sure that it’s moving in the way you anticipated.
The technical indicators available on our trading platform can help you to determine what Tezos’s price might do next. Indicators can also help you monitor current market conditions like volatility levels or market sentiment.
CAPEX WebTrader can deliver an in-depth analysis of the charts and offers over 90 indicators (including moving average, MACD, RSI, and Bollinger Bands). The WebTrader platform also supports an interactive trading activity with high-end research tools helping you interpret market data.
Take Profit & Stop Loss
Traders can close a position immediately to take a profit or to cut a loss. You can use market order or set Stop Loss and Take Profit levels when you set the order to buy Tezos.
The platform offers the stop-loss option, which lets you clearly state how much you're willing to risk with your trade. Similarly, the take profit is the exact opposite. It tells your broker how much you expect to make as a profit and when you want to close your position.
Any profits you make will be paid directly into your trading account. Losses are deducted from your account balance.
When to buy Tezos (XTZUSD)
Investors should be aware of the fundamental and technical analysis when deciding when to buy Tezos. The fundamental analysis considers the news and events about the coins, exchanges, and other crypto businesses. The technical analysis uses the price value history to map the evolution of the supply and demand for Tezos.
Tezos Price Prediction using Fundamentals
When using the fundamental analysis approach, investors should be aware of the government regulation, latest cryptocurrency updates, and technical issues, as well as cryptocurrency exchanges that affect the supply and demand for cryptocurrencies.
For instance, when Bitcoin CME was introduced into the government regulations, and it drove the price of Bitcoin to almost $20,000 in December 2017.
An accurate Tezos price forecast using fundamental analysis considers the three main aspects:
- Blockchain metrics (hash rate, active addresses, transactions fees, and values)
- Financial (market capitalization, liquidity, trading volume, circulating supply)
- Project overview (team’s background, whitepaper, competitors, roadmap, tokenomics)
>> Learn how to forecast Tezos price with fundamental analysis
What is the future of Tezos?
Tezos, like most altcoins, follow the same trend as Bitcoin when it is in a bull trend. It may lose in the XTZ/Bitcoin ratio but the altcoin can still improve its position.
After Bitcoin's rise, the best time to expect a spike in Tezos is immediately after. The main crypto enters a cooling phase and this is the best time to expect growth for Tezos.
The state of the crypto market is a key indicator for any coin. Investors can expect price growth for all tokens when the market is in bloom. The market can also experience a recession and traders need to be vigilant to avoid significant losses.
Tezos's journey began with a scandal. An ICO took place in July 2017. The coin’s price was between $1.70 and $2. However, the value of the XTZ token was affected by a lawsuit over the ICO. The founders of Tezos were accused of selling unregistered securities.
The token's value was affected by the news. The price had just started to rise, hitting the $5 benchmark in December 2017. In December 2017, another complaint was filed. In a matter of days, the price of XTZ fell to $3.90.
The collapse was not disastrous. Tezos actually recovered its position quickly and reached $5.75 in January 2018. It was a difficult year for all cryptocurrencies in 2018, with many ups and downs, no matter how promising. XTZ closed the year at $0.50.
But Tezos continues to grow as it claims to be a self-amending blockchain. It is "designed to grow." Tezos owners can vote on the chain to approve changes. This is done without any need for in-person meetings. The updates approved will be applied automatically. This unusual governance model reduces the possibility of divisions within the community.
Off-chain governance, on the other hand, involves more discussion at conferences or via mailing lists and forums. The process of making decisions can be slower and more difficult.
It is important to spend time researching the basics and understanding its goals if you’re considering a long-term investment. Although there are no guarantees, this approach will give you more confidence that it will perform well over time and reduce your concern about price fluctuations.
Tezos has also announced quite a few partnerships in 2021.
Incore Bank, Inacta and Crypto Finance Group announced that they would use Tezos in order to create DAR-1 tokens. These tokens will be smart-contracts to ensure compliance with anti-money laundering regulations and better governance. Incore Bank announced that it will launch staking services to the Tezos network.
Tezos's argument about smart contract language being a good fit for financial agreements is supported by this deal. According to Tezos, its Michelson language makes sure that funds are not lost or frozen by bugs in the code.
Because is difficult to analyze the intrinsic value of a cryptocurrency, it is recommended you perform a technical analysis before investing in Tezos CFDs. It might offer some insight into the past movements of Tezos, helping you predict where it will head in the future.
Tezos price prediction using technical analysis
Some believe the high concentration of retail traders makes cryptos truer to traditional chart patterns and indications of oversold, overbought conditions, etc.
Technical analysis techniques can be applied to any market where the price can freely fluctuate, and data is available to see those fluctuations. The CAPEX Web Trader has a full suite of all the best-known technical indicators and chart drawing tools.
>> Learn how to forecast Tezos price with technical analysis
Tezos Forecast 2022
The XTZ token saw constant price movements in early 2021. The trend's best performance was closer to January when spikes weren’t as dramatic. The value fell to $2.88 on 24 January 2021, from $3.17 the previous day.
As of December 2021, Tezos (XTZ) is trading at $3.75, with a daily volume of $200,371,678. There are 869,519,566.84 XTZ tokens in circulation and the total supply is around 869 million XTZ. Tezos doesn’t have a fixed maximum supply. There is a certain amount of tokens that are issued each year-end the inflation funds the protocol’s amendments and bakers.
Since the beginning of 2021, XTZ has seen numerous bullish moves that are more powerful than the last. These are often followed by consolidation and corrections, as well as fluctuations. XTZ is expected to have a strong market in 2021.
Tezos could reach $15 if this bullish trend continues. The first half of 2022 may see rapid growth, reaching $16.5. This may then slow down but there are no major drops. The price of $155, with the upcoming partnership and other developments, is very optimistic, but it is possible for the near future.
WalletInvestor provides forecasts based on technical analysis and predicts Tezos at $4.30 by the end of 2021 and $6.19 by the end of 2022.
Digital Currency Price is more optimistic than WalletInvestor. It projects that the XTZ token's price will reach $5 by the end of 2021 and $6.99 by the end of 2022.
What Moves Tezos Price
The most important aspects that can influence the Tezos price are:
- Total supply
- Rules and regulations
Tezos’s price corresponds to the current supply and demand in the crypto space. Considering Tezos doesn’t have a fixed maximum supply, it is a digital asset that will experience scarcity as the token has more utility and more investors join the Tezos trading market.
An important aspect of what moves the price of Tezos is the news.
For instance, when Tezos held its ICO in July 2017, the coin became one of the most valuable in terms of accumulated investment. The coin's price fluctuated between $1.70 to slightly over $2 at the time. Instead of stabilizing its position, the company was forced to deal with a suit over the ICO. In fact, there were many. The lawsuit was accusing the founders of selling unregistered securities.
The token's value was affected by this. The price had just started to rise, hitting the $5 benchmark in December 2017. In December 2017, another complaint was filed. In a matter of days, the price of XTZ fell to $3.90.
In conclusion, should you Buy Tezos or not?
As with any investment, make sure you carefully assess your financial situation before investing in cryptocurrency, Tezos, and the stock market. Tezos can be extremely volatile—a single tweet can make its price plummet—as cryptocurrencies are still a highly speculative investment. Follow the already famous crypto investment phrase — "invest only what you can afford to lose".
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Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.