TradingView
day_trader
Mar 28, 2024 5:46 AM

Tezos performing better than popular coins over the last week Long

Tezos / United States DollarCoinbase

Description

It looks like investors are starting to take notice of Tezos, possibly due to two high profile crypto leaders praising Tezos (Charles Hoskinson of Cardano & Andre Cronje of Fantom network).

There's also a Tezos Etherlink hackathon that started yesterday (run by Encode Club a community of 500,000 talented professionals worldwide).

Etherlink is an EVM-compatible Layer-2 blockchain built on Tezos.

Etherlink’s mission emphasises decentralisation and efficiency. With its state-of-the-art decentralised sequencer Etherlink ensures a fair and secure environment for end-users. Minimal fees (around $0.01) make Etherlink attractive in the Layer 2 landscape.

Etherlink has integrated RedStone Oracles, which opens the door to new possibilities in financial applications, from lending and borrowing platforms to complex financial derivatives.

RedStone is a modular oracle delivering diverse, high-frequency data feeds to EVM Layer1, Layer2, Rollup-as-a-Service networks.

RedStone raised almost 8M from Lemniscap, Blockchain Capital, Maven11, Coinbase Ventures, Stani Kulechov, Sandeep Nailwal, Alex Gluchovski, Emin Gun Sirer, and other top VCs & Angels.
Comments
mikroland
Any price outlook or targets? Mine is $15 this cycle with a peak just over that.
day_trader
@mikroland, I don't have a sell target yet but I also didn't sell at ATH last cycle. I'm sure a lot of people in Tezos are also kicking themselves for not selling back then too. So I expect there to be quite a lot of resistance around the $7-$10 levels. If we do break through $10 then $15 would be far too short-sighted a target. There's a lot of people in Tezos for the long haul and I wouldn't be surprised to see it at $100+ in the next few years.
More