For the first time in the short history of crypto, Tezos has surpassed EOS.

Tezos is a cryptocurrency that ranks 10th on the list of the crypto industry in terms of total market capitalization while EOS occupies the 8th place.

Tezos overtaking EOS is not about ranking in terms of total market capitalization but rather in terms of coin price.

At the time of writing this article, Tezos coin is trading for $2.78, while EOS coin is trading for $2.72.

The recent price rally marks the highest price for Tezos in over a month, as XTZ last traded that amount on March 8-9, trading between $2.60 and $2.90.

Read:After the recent decline in Bitcoin price…GBTC shares traded down 27%

according to easy Tezos now has a much larger support network than EOS, with the Messari platform putting the coin in third place behind both ATOM and SNX.

Tezos coin has a “stacking” feature and offers an annual return of around 7%.

However, EOS still boasts the largest market capitalization compared to Tezos, with the company having a market capitalization of $2.5 billion, while XTZ is close to $2 billion. However, today’s news is a huge step forward for Tezos, considering that last week’s market cap of Tezos was about $500 million less than it is now.

The good news that also goes around Tezos is that the project’s blockchain is outperforming Bitcoin. According for Weiss Crypto Ratings, a financial agency that evaluates cryptocurrencies.

The last two days have been a wild ride for investors in most of the industry’s leading cryptocurrencies.

Bitcoin soared after a long slump between $6,700 and $7,000 to over $7,600, and Ethereum also soared to $196 for the first time in more than a month.

Read:What are the reasons for the bitcoin price to rise rapidly to the level of $ 15,500?

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