Tezos has recently broken to new multi-year highs, fell to retest the breakout point and now looks to be headed back up. At these levels XTZ is higher than it has been since the last crypto bull in 2018 and upside could move up multiples from here. XTZ has moved from around $1 to $4 for the last several years building a nice base. At these levels the coin really hasn't moved yet and it's still early. There are resistance points from 2018 around $5.30 and $6 but in a new bull I don't expect those to hold for long. Previous all time high is around $12 from 2017 and it could easily retest those highs or break them as many other coins are doing now. Market cap is quite small at $3.6 billion. As a bonus the coin can be staked on Kraken for an annual 5.5% return.
Fundamentally I don't know much about the coin but it's another decentralized computing platform with proof of stake like Ethereum, Polkadot, Cardano, etc. My money is on Ethereum to hold the lead in the "decentralized computing platform" battle, but I'll put a little into things like this simply for the potential upside if/when the coin starts to get discovered again.
This is not investment advice and I'm not an investment adviser. Small cryptos are crazy volatile and can go down faster than they go up (and they can go up FAST). This is just what I'm doing because I'm a nut who thinks that early in a crypto bull could be the best time to play a few small cryptos that look like they might move soon.
Comment
⋅
Geez this coin is falling like it's garbage.
Comment
⋅
ETH is running well today and that might even be good for XTZ. I'd really like to see this altcoin get back to making new highs.
Comment
⋅
Nice breakout to new highs today. Go baby, go!
Comment
⋅
Steady movement to new highs. Looking good... no over exuberance that would make me want to sell.
Comment
⋅
I don't want to jinx it, but looks like this is moving up to new highs again today.
Comment
⋅
I'm still in XTZ... just staking and making a return. Looks like we're near all time highs again... probably waiting for Ethereum to break out to new highs before a lot of the smaller coins get moving again.
Comment
⋅
New all time highs on XTZ today. Nice for this thing to finally start to pay back for the long hold. It's difficult to make a mistake in crypto if you just hold during a bull. Just stay away from Dogecoin, lol.
alot of projects are and will be moving off ETH because of the high ass gas fees the tech behind xtz is far superior to all the other block chains it upgrades with out forking it also just added zcash privacy on this last update something lite coin is struggling to do get privacy. this block chain even pays its developers if a idea is accepted by the community via its voting process since its inceptions xtz has upgrade 6 times with out forking. This chain is a sleeping giant it already can do things that eth cant do. and eth 2.0 is (Delegated) Dpos which is way different than Xtz Lpos liquid proof of stake. Eth was made for Dapps not the complex banking apps thats running on it now. XTZ smart Contract Language uses Michelson which NASA uses for computing space missions. I all know we are traders and investors ect keep in mind that XTZ has done this all on its base Layer. also keep in mind that Zcash privacy was the first lighting network which BTC uses as a side chain. yes xtz has this on its base layer. Guys keep your eyes to the tech and news and the charts because this chain is going to move in price by alot.
MystryBox
⋅
@paypay9000, thanks for the comments. I'll just note that it's very difficult to displace the leader even with better tech. Ethereum is in a position to hold its lead even against better competitors, but it needs to execute. Right now ethereum is moving very slowly.
Also it's not difficult to upgrade a chain without forking when you're small and not used much, so I don't see that argument as particularly compelling.
mryamz
⋅
@MystryBox there's more than 1 million funded wallets, and the user base is growing exponentially on tezos. it is designed to be upgraded without forking at any user size, it can scale. it has on chain governance, staking, defi, and smart contracts. it's definitely better than ETH protocol and it's not vaporware like ADA.
paypay9000
⋅
looks like we played this 1st big move right now we have to see what's next for XTZ im in it for the long hall xtz is better tech than eth and all the other block chains becomes xtz test net. as it can evolve at a much faster rate than the rest of the block chains. xtz has upgraded its base layer 6 times Florence is the next upgrade.
MystryBox
⋅
@paypay9000, I'm riding a trade here and will exit when I feel its made enough of a move. I'm not really interested in "eth killers." I'm all-in on Ethereum. Ethereum is so far ahead nothing is close to competing. The network effect is well underway on Ethereum with more and more people and projects joining up and strengthening its lead. It doesn't matter if Eth tech isn't the best, it is the leader and I don't see that changing at this point. Projects trying to compete with Ethereum will do better to work with Ethereum IMO.
wjpb
⋅
But why is tezos lagging so much in price? It seems to sell every rise. Its just not a popular coin at the moment
MystryBox
⋅
@wjpb, that's the bottom line, it's not popular at the moment. However things change. The time to buy is before something has been recognized and price has moved up 10x. But the consequence is you have to wait and face the risk the crowds will never come.
wjpb
⋅
@MystryBox, tezos is also one of the most manipulated coins. There is a bot trading it down for quite a while now. Maybe when this bot cuts tezos loose it will fly. But for now its just 1000% behind the rest
wjpb
⋅
@MystryBox, vhs vs betamax... market vs tezos? Being wright doesnt mean getting wright. What a sh.. performance. Everybody talking about 6-7 usd targets. It should be about 15, just to get at the level it was..