Tezos Is the Standout in New 2020 ‘Alt Season’ Gaining 54% in 7 Days

The in-house cryptocurrency of Blockchain project Tezos (XTZ) is testing all-time highs as a wave of enthusiasm, which began in January continues.

Data from Coin360 and Cointelegraph Markets shows Tezos’ XTZ token hit $3.24 on Feb. 12, a 25% increase in the past twenty-four hours alone and over 54% in the past week alone. 

Cryptocurrency market performance, past 7 days. Source: Coin360 

XTZ targets $4 on 150% YTD gains

Year to date, investors have seen returns of 150%, making Tezos the hot bet among altcoins which have broadly followed Bitcoin (BTC) to see a hugely successful first quarter of 2020.

Even sudden downward pressure on Bitcoin markets as the week began failed to dent the XTZ bull run, with the altcoin becoming a firm pick of Cointelegraph Markets analyst filbfilb.

“Tezos unaffected,” he told subscribers of his Telegram trading channel on Monday as BTC/USD dipped to $9,700. 

Tezos price chart, 2018-present. Source: Coin360

Others remain bullish on future…