Tezos is among the altcoins that managed to survive the notorious crypto winter of 2018 successfully, and even generate sizable profits for the holders on the back of the 2019 bull run, which took place in the period from March through August, reaching the 2019 high of $1,76 in the middle of May.
At the end of the summer, XTZ rode the coattails of other major cryptocurrencies, which had entered a phase of steep correction that now threatens to transform into a full-fledged bear market. Right now, Tezos sits at the price of $0,78 per coin, which established after XTZ had experienced a pronounced decline by as many as 15% over the course of a few days from October 22, when the price seemed to have continued consolidating at the level of $0,88.
Despite the recent landslide, Tezos remains among the best-performing altcoins in 2019. By the current date, XTZ has shown better output in terms of overall gains since the inception of the year than Ethereum, its closest rival in terms of fundamentals. As we can see, Tezos has outperformed ETH in profitability on the year-to-date charts, showcasing 60,74% gains, compared to Ethereum’s 21,98%.