Tezos (XTZ), a new blockchain platform that features a self-evolving upgrade system, launched its mainnet on Monday, the same day that Bitfinex, one of the world’s leading crypto exchanges, announced that it had listed USD and BTC trading pairs for XTZ.
Despite the busy day of announcements, the price of XTZ took a dive, falling more than 9% over the last 24 hours.
— Bitfinex (@bitfinex) September 17, 2018
While this type of trading activity might come as surprise, we detailed in a previous report that this may have been the most likely outcome after XTZ gained nearly 40% in the previous week, ultimately leading to a “sell the news” type of event.
Despite the short-term price action, Tezos investors have a lot to look forward to now that the project’s mainnet is live. This launch came after roughly two months of beta testing, which resulted in smoother than anticipated network outcomes. Moving forward, Tezos plans to begin integrating new and existing technologies and tools onto the network.
More: Tezos Mainnet Is Live
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.