A 378.10% rise in less than 4 months is Tezos the new Bitcoin?
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!.
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Author
Rajan Dhall, MSTA
FX Daily
Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.
