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tZero And Tezos Will Help Tokenize $25M In UK Real Estate

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tZero, which is Overstock’s blockchain subsidiary, is in the crypto news today for stating that it will help tokenize at least $25 million in USD of the value of Alliance Investments and its River Plaza which is a 180-unit luxury residential development in Manchester, UK. tZero and Tezos will work together to tokenize this real estate project with a plan that aims to tokenize approximately $640 million of real estate across the UK in the next several years.

The River Plaza STO, which is slated for Q1 of 2020, will be fully digitized using tZero and its tokenization technology as well as Megalodon and its advisory services. It will be issued directly on the Tezos (XTZ) blockchain. At press time, XTZ trades at around $0.91 and is up by 5% in the past hour. The Tezos news today show that the altcoin rules most of the other top 20 coins – which are now in the red.

“We strive to stay ahead of the innovation curve and believe that security token offerings are the future. They are more efficient, cost-effective, autonomous and democratic in comparison to traditional financing,” the CIO of Alliance Investments Rani Zahr was quoted as saying.

The announcement also shows that while the real estate market is greater than the value of all stocks, shares and stocks combined, it is also one of the most difficult asset classes to invest in. This is what tZero and Tezos have to tackle.

“Only one third (USD 81 trillion) of the global real estate asset are readily investible at scale, with the rest not being accessible to public investors in a meaningful way,” Zahr said.

For those of you who don’t know how a real estate-based STO works, it is basically the process of issuing digital equity securities in a holding company which owns the real estate asset. Generally speaking, security tokens can be structured to represent a variety of ownership and economic interests in an underlying asset such as equity, interest, stream of income etc.

tZero and Tezos Foundation will focus on the blockchain innovation in the real estate space. They are now actively trying to revolutionize the capital markets and address through an intuitive way to buy, sell and manage cryptocurrency (tZero) and active use of the XTZ (Tezos) token.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Tezos News

Tezos Tests New All-Time Highs, Gains 54% In A Week

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Tezos tests new all-time highs in a very enthusiastic wave after it increased more than 54 percent in a period of seven days as we see in our Tezos news. The data from Coin360 shows that Tezos tests a new price level high after the XTZ token hit $3.24 which is a 25% increase in the past twenty-four hours alone which means a 54 percent increase in the past week. The investors had made a return of more than 150 percent in a year which makes Tezos the hot coin among other altcoins which have broadly followed Bitcoin to see a lot of successes in the first quarter of 2020. With downward pressure on the Bitcoin markets, the last week started failing and dropped so the XTZ bull run was silenced quite a bit and the altcoin became a firm pick on many of the crypto analysts. In the last 30 days, the Tezos price gained more than four times what Bitcoin added in the same period. Even though the Tezos price positions were unexpected for many, the XTZ cryptocurrency made over 60% in gains and the market determining the most dominant coin (Bitcoin) spiked by 17% against the US dollar. One in particular, popular among the crypto community as Mati Greenspan, commented:
 “Tezos unaffected,” he told subscribers of his Telegram trading channel on Monday as BTC/USD dipped to $9,700.Tezos is one of the fastest rising blockchain networks at the moment and for good reason and we've been overhanded on it since the beginning of the year. Many of the new security token offering (STO) and tokenization projects are being built on it and the token economics are quite favorable as well.”
Tezos tests the new price levels after reaching the headlines over the previous months and not for a good reason, following the insanely popular $232 million initial coins offering back in 2017. As DC Forecasts reported, the investors became extremely frustrated very soon after by the lack of the returns made available by Tezos, while the altcoin had a hard time battling many legal challenges and company infighting. At one point, the XTZ/USD pair even traded at just $0.37 which is below the ICO price of $0.47. Despite its many difficulties, Tim Draper who is a popular venture capitalist and crypto supporter, became a synonym for Tezos because he provided support for both the project and the creators.
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Tezos News

Latest Tezos Rally Brings It To Top 10 Coins By MarketCap

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The latest Tezos rally has brought the altcoin to reach the top 10 cryptocurrencies by market cap and in the last 30 days, the Tezos price gained more than four times what Bitcoin added in the same period. In our Tezos news today, we read more about the success of the coin. In the duration of the periods of market euphoria, some coins go up as a result of the exciting market. The absence of technological progress and also popular use-cases behind the growth is the usual picture in these cases. A well-known Australian journalist Alex Saunders assumes that he has already found cryptocurrency just like this in the rally that is experienced right now. Alex Saunders, blockchain journalist and author of Nuggets News informational resource, from Australia, criticized the latest Tezos rally (XTZ). He did not find a meaningful technological or economic basis for the double-digit price growth that this crypto is experiencing. Besides this, Tezos (XTZ) entered the top-10 cryptos in the category of market capitalization as its whole supply is now something over $1,8 billion. Notwithstanding, Alex Saunders thinks this trend will last shortly. According to him, Tezos (XTZ) did not succeed to construct a strong community around the crypto and failed to hire top-tier developers. So, it is not able to address the technological goals of the project. Tezos (XTZ) popularity in staking ecosystems is perceived as another disadvantage by Alex Saunders. He thinks that the supply of staking coins is subject to manipulation. So, the price of Tezos (XTZ) will suffer an epic fall, is the opinion of Alex Saunders. This can happen 'once the euphoria ends'. At the time of writing, Tezos is defending its 10th position with a market capitalization of 1,72 billion USD and token price of 2,49 USD. What’s also interesting is the fact that since the start of 2020, the market cap of Tezos has risen by around $600 million USD. In early January alone, Tezos had a market cap of around $900 million and now its total market cap counts more than $1.56 billion. In spite of the major influx, Bitcoin also saw this year due to the positive growth experienced. The Tezos price positions are still putting XTZ ahead of the leading cryptocurrency in terms of the trading volume.
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Tezos News

Tezos Officially Enters Top 10 With New 11% Surge

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Today, we can see that the prosperous altcoin Tezos officially enters the top 10 list of largest cryptocurrencies by market cap and has surged by 11% in its recent move, proving that XTZ is one of the top performers this month. While some coins rise based on pure market excitement, many analysts believe that Tezos (XTZ) is a bubble and the ongoing rally won't sustain. However, these are just critics from people. The reality shows that Tezos officially enters the top 10 and is one of the hottest coins this month. According to one Australian blockchain journalist named Alex Saunders, the double-digit rally does not have a significant technological or economic basis. https://twitter.com/AlexSaundersAU/status/1226629188351741952 Anyways, Tezos officially enters the top 10 and is welcome in the altcoin news as one of the best coins to watch out for. The entire supply of XTZ has now been at more than $1.8 billion but regardless of this, Mr. Saunders does not think that it will last for long. According to him, the cryptocurrency will experience a dramatic fall soon which may occur once the euphoria clears. At press time, Tezos (XTZ) is at $2.67 with a new 6% rise. The altcoin started the year trading at $1.35 which is why today's rally gives it a 100% boost. For those of you who haven't read our cryptocurrency news, the main reason for the rally was the introduction of the pool staking service for XTZ on Coinbase. All of this helped more people to decide to officially purchase XTZ and created a strong buying pressure while also allowing the cryptocurrency to incur heightened fundamental strength due to the batch of investors who staked their tokens. The cryptocurrency is truly pushing against its key resistance now. Aside from Saunders who looks skeptical, there are many analysts which are seeing the strong uptrend as a possibility that Tezos may climb another 40% before it hits the supply zone. At the time of writing, XTZ is at $2.67 which marks a notable climb from its yesterday lows at $2.10. In the near term, XTZ has faced some strong resistance at $2.70 and its slight rejection at this level shows that it may now enter a consolidation phase or drift lower before there is enough strength to further extend its momentum.
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Tezos Continues Its Bullish Climb, Pushing Against Key Resistance

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Tezos continues its bullish climb and has been caught with a huge uptrend movement in the second part of 2019 and the early start of 2020. Its price rally kicked off shortly after Coinbase introduced its pool staking with about 5 percent rewards for platform users so let’s read more about in the tezos price news today. The price movement seemed to have incentivized investors to purchase XTZ thus creating some of the stronger bullish pressure while also allowing the altcoin to reach new high-fundamental strength due to the new batch of investors staking new tokens. The analysts are noting that the uptrend of the cryptocurrency is far from being over with one important trader forecasted that Tezos continues its climb another 40 percent before it hits a strong supply zone. At the time of writing, Tezos is trading up over 15 percent at its current price of $2.65 which marks a huge climb from its daily low at $2.10 that was set around this time yesterday. In the short-term, the price of XTZ experienced some strong resistance at $2.70 and its slight rejection at this level could even suggest that the price could now enter a consolidation phase or get lower before looking into a new strength position to further extend its momentum. This level of the cryptocurrency has been quite strong over the history and it has also served as a strong resistance level for the XTZ/BTC trading pair as the crypto has been rejected at 0.000265 Bitcoin on a few occasions over 2019. The prominent crypto trader Bagsy spoke about it in a recent tweet explaining that he believes ‘’fourth time is the charm’’ when it comes to the coin’s attempt to break through this resistance:
 “XTZ Something something fourth time is the charm.”
Breaking above this level would be major for this cryptocurrency as it will point to significant underlying strength among the buyers of the tokens. As for how high a break above this level will lead XTZ, it seems that it could spike until it reaches a new supply zone at roughly $3.66 which could mark a 40 percent increase in price from the current price levels. Bagsy even commented that there is a possibility for that explaining that this is his USD target if the cryptocurrency breaks above its beforementioned BTC resistance level:
 “XTZ USD: IF we break out from the range on the bitcoin pairing, this is where I’d take the USD pair.”
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