Since the start of the year, Tezos (XTZ) cryptocurrency has been performing beautifully in the market making greater stride even ahead of Bitcoin.
While most coins, including Bitcoin, are now on the downside of the market trend following the uptrend witnessed during the weekend, Tezos remains in the accumulation phase of the market.
The cryptocurrency has been in this phase for the past 9 hours and it seems like no one is making an attempt to sell the cryptocurrency. This is probably due to its recent performance as people hope for greater drive on the rising wedge.
$XTZ accumulating for the past 9 hours
Nobody's selling #Tezos.
— crypto.bi (@cryptodotbi) February 11, 2020
While the upcoming Bitcoin halving is expected to make BTC and most coins in the ecosystem garner huge gains, lovers and investors of Tezos cryptocurrency are hoping that Tezos would accumulate hugely far beyond a number of top cryptos.
As related earlier, Tezos (XTZ), among a number of altcoins, have greatly outpaced Bitcoin in the year 2020.
In 2020, Tezos has made over 400% gain more than Bitcoin. Yesterday, the digital currency outstripped Cardano and TRON from the 10th and 11th position, and Tezos (XTZ) is now among the top 10 most valuable cryptocurrency by market cap on the table.