TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

A 378.10% rise in less than 4 months is Tezos the new Bitcoin?

A 378.10% rise in less than 4 months is Tezos the new Bitcoin?
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

According to their site, Tezos is an open-source platform for assets and applications backed by a global community of validators, researchers, and builders.

According to me its a rocket!

For those who know nothing about Tezos:

It is a technology for deploying a blockchain capable of modifying its own set of rules and it is said to cause minimal disruption to the network through an on-chain governance model.

Unlike other blockchains like as Bitcoin or Ethereum, in its most popular incarnation, a Tezos blockchain does not rely on mining (Proof of Work) but instead uses a Proof-of-Stake based consensus model.

They started recently in 2017 and are a Swiss-based non-profit. The company managed to raise a massive USD 232 million to become one of the biggest ICOs at that moment.

The concept is soo popular that In July 2019, Banco BTG Pactual together with Dalma Capital, a Dubai based asset manager, announced plans to utilize the Tezos blockchain for Security Token Offerings (STOs).

It seems that they are on to something as you can see from the chart below. You cant really use any kind of technicals to forecast where this will end. Much like Bitcoin back in November 2018 let's let the market decide!.

Tezos Rocket

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

More from Rajan Dhall, MSTA
Share:

Editor's Picks

XRP upside remains capped despite Ripple-Meritz partnership in Korea

XRP upside remains capped despite Ripple-Meritz partnership in Korea

Ripple (XRP) trades in a tight range on Wednesday, with key psychological support levels at $1.30 and $1.35, while a supply-heavy upside caps the token’s recovery potential toward $1.40.

Bitcoin extends rebound above $84,000 with US CPI data in focus

Bitcoin extends rebound above $84,000 with US CPI data in focus

Bitcoin extends its recovery on Wednesday, aiming for the $85,000 resistance. US-listed BTC spot ETFs recorded an inflow of $175.62 million on Tuesday, after a mild outflow on Monday.

Crypto Today: Bitcoin, Ethereum, XRP hold steady ahead of US CPI

Crypto Today: Bitcoin, Ethereum, XRP hold steady ahead of US CPI

Bitcoin (BTC) is staging a subtle recovery on Wednesday, holding above $84,000. The Crypto King remains broadly in bullish hands despite failure to break the supply cluster in the $87,000-$88,000 range.

Pi Network halts decline as Core Team explores stablecoin integration

Pi Network halts decline as Core Team explores stablecoin integration

Pi Network (PI) price is holding steady above $0.0800 at press time on Wednesday, following a 2% rebound the previous day that prevented a lower leg from forming below last week’s low of $ 0.0774.

Bitcoin: Uptober or Rektober?

Bitcoin: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.