Price Analysis

Tezos (XTZ) Price Analysis: Tezos’ Tremendous & Steady Price Escalation is Trustworthy

Tezos (XTZ) is a multi-purpose platform supporting dApps and smart contracts. It was created by ex-Morgan Stanley analyst Arthur Breitman in 2017. It is one of the few cryptocurrencies which are based on self-evolving blockchain technology. The name of the token is Tez. Tezos (XTZ) uses delegated proof-of-stake (DPoS) and Turing complete smart contracts. It is different from other conventional crypto coins as these cannot be mined; Tez tokens need to be rewarded.

Current Statistics-

Tezos

  • Tezos (XTZ) is the 15th largest coin in the crypto market with respect to market cap.
  • The ROI (Return on Investment) stands at negative 17.05 %.
  • The current coin circulation stands at 661,565,308 XTZ.
  • The market cap as on 23rd April at 07:29 UTC stands at 906,621,095 USD.
  • The value of each coin in terms of USD and BTC is 1.37 USD and 0.00025406 BTC respectively.
  • The current 24 h volume at the same UTC stands at 5,331,454 USD.

Comparison-

Tezos (XTZ) was stable on a bigger part of the year until the middle of March. However, from there it has been growing gradually. With many variations, the coin has performed well. After 1st April boom, it managed to gain 10 %. But a huge growth was missing, that is the reason, the market for Tezos (XTZ) is still on a growing stage. The market cap on 23rd March was 485,410,147 USD, and the value of each coin was 0.732780 USD and 0.00018250 BTC. The market cap and coin’s individual value has increased by almost 86 % in the last 30 days.

Prediction-

As mentioned earlier, Tezos (XTZ) is on a rising path. After the 1st April boom, it gained by almost 50 %. But it could not retain the momentum. However, for the last one week, the price is increasing. We predict the coin to reach as high as 1.7 USD in the coming two weeks. So, the resistance at 1.7 USD should be effective for not more than 5 days. The short term outlook is bullish. The medium-term is bullish as well. By the end of this quarter, Tezos should reach a higher price of 2 USD. And in the longer term, by the end of 2019, the value should rest at 3 USD to 3.5 USD.

Conclusion-

This is the perfect time for the short term investors to lock buying positions. This may give a dividend of 20 % in just two weeks’ time. Long term investors are advised to wait for the coin to inflate at least by double.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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