Tezos

Today's state: Tezos is trading at $0.242000 with a $0.3 billion market capitalization (rank #126). The price moved +2.15% over the past 24 hours and is +8.99% over 7 days; the 30-day move stands at -12.94% and the 90-day at -29.83%.

Position vs cycle: Sitting more than 70% under its prior cycle high, the asset is deep in post-peak drawdown territory — a zone associated with late-stage bear phases or a permanent downward re-rating.

Volatility and structure: 30-day realized volatility of 82.0% annualized is high for an asset this size. Our composite multi-horizon Price Strength reads Bearish (28/100), against a weakening multi-horizon backdrop with cumulative pressure across 30/90-day windows.

Looking past Bitcoin alone, how closely XTZ tracks the next two biggest layer-1s over 90 days indicates whether it is mostly market beta or something more independent. The daily-log-return correlations:

• Bitcoin reference: +0.65 — a strong positive relationship.
• Ethereum reference: +0.68 — a strong positive relationship.
• Solana reference: +0.68 — a strong positive relationship.

When an asset correlates strongly with multiple majors, it is trading largely as market beta — the big caps set the direction and standalone outperformance is elusive. Weak or negative correlations instead signal idiosyncratic forces (its own news, sector rotation, narrative changes) capable of producing returns the broader market does not share.

Tezos (XTZ) is a cryptocurrency, traded on global digital-asset markets. It trades at $0.2420 as of the latest update, with a 24-hour move up 2.15%, placing it at rank #32 by market capitalisation among all listed digital assets. Tezos's current market cap stands at $263.68M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Tezos across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Tezos is a base-layer blockchain built to host other applications. What ultimately drives it is not a single headline feature but durable demand — whether builders keep deploying and users keep transacting on it versus the many competing Layer-1s.

Tezos currently ranks #126 by market capitalisation, making it a mid-cap asset in the broad top 250. Tezos has 1.09B tokens circulating against a total supply of 1.11B, with no fixed hard cap on issuance. It currently trades about 98% below its all-time high of $12.19 set in December 2017.

Tezos secures a Layer-1 network through proof-of-stake: rather than mining, validators bond the native token, take turns proposing and confirming blocks, and are slashed if they misbehave. The asset doubles as the gas that pays for computation and as the unit of staking and governance.

Tezos currently ranks #126 by market capitalisation, making it a mid-cap asset in the broad top 250. Tezos has 1.09B tokens circulating against a total supply of 1.11B, with no fixed hard cap on issuance. It currently trades about 98% below its all-time high of $12.19 set in December 2017.

The chain is used to deploy and run smart contracts, to stake for network security and yield, to pay transaction fees, and as the reserve collateral underpinning its on-chain economy. Its relevance scales with how much real application activity it hosts.

Daily turnover is unusually high at roughly 11% of market cap ($29.43M traded in 24 hours), the kind of liquidity that reflects an active news or trading cycle.

Tezos's tokenomics combine its supply schedule, current circulating supply, and the relationship between circulating market cap and fully-diluted valuation.

For thesis-building, the relevant question is whether the structural value-accrual mechanism (fee burns, staking-yield reinvestment, deflationary supply mechanics, ecosystem TVL growth) outpaces the structural emission pressure. When it does, the price tends to grind higher over multi-quarter windows even without speculative momentum; when it does not, the asset typically requires consistent narrative-driven demand to absorb the issuance.

At the macro level, the variables that move this asset class most are the direction of US interest rates, the supply of dollar liquidity, and the state of global risk appetite. Crypto has behaved like a long-duration, high-beta risk asset: it tends to rally when real yields fall and the dollar softens, and to sell off when liquidity tightens.

To read crypto in a wider context, keep an eye on four markets — the dollar, where strength typically pressures risk assets; long-dated Treasury yields, which set the discount rate on future cash flows; gold, sometimes a parallel hard-money bet; and US equities, frequently correlated with crypto during liquidity-driven swings despite the popular "uncorrelated" label.

For Tezos specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, XTZ tends to follow; when they contract, the relationship typically reverses. Given the 90-day BTC correlation of +0.65, XTZ's near-term macro sensitivity will be similar to Bitcoin's — driven primarily by the same liquidity conditions and risk-asset flows.

Key risks include concentration of stake among a few large validators, exploits in the contracts deployed on the chain, fierce competition from other Layer-1s for the same developers and liquidity, evolving regulatory treatment of staking, and the reality that network value unwinds quickly if activity migrates elsewhere.