Tezos (XTZ) showed its capability to rally, despite the recent sell-offs that depressed prices. XTZ is up easily above the $1 mark after a long stagnation. The chief reason is the recent announcement of staking options for Coinbase retail customers.
https://twitter.com/coinbase/status/1192154927813943296
“Baking” XTZ is usually a voluntary locking of coins. But for those that keep funds in a custodial wallet, some of the rewards are lost. The Tezos network still has inherent inflation, and baking is a way to offset the increase in coins issued.
Staking XTZ requires a 35-45 day holding period, and after that Coinbase will reflect the balances...