Tezos has once again prevailed as the best performing cryptocurrency throughout the course of this latest market-wide uptrend, with XTZ surging another 8% today while Bitcoin and many of its other peers all see tempered gains.
This upwards movement came about as the result of the crypto retracing into what analysts describe as a “golden pocket” that helped boost its momentum.
Tezos is now attempting to surmount a key resistance region that may prove to be a make-or-break level for the cryptocurrency, and where it goes from here could be the sole factor that determines whether or not it enters another massive uptrend.
Tezos Outperforms Crypto Market Following Bullish Response to Golden Pocket Retrace
At the time of writing, Tezos is trading up just under 9% at its current price of $2.29, which marks a notable climb from daily lows of $2.09 that were set yesterday.
Today’s upswing marks a notable extension of the bull-favoring trend that was incurred earlier this week when the crypto bounced from lows of $1.85, with its reaction to the support existing at this level being bolstered by Bitcoin’s surge from $6,600.
It now appears that the crypto is well-positioned to see further upside in the near-term, as this latest movement came about as the result of a golden pocket retrace that could help boost it further.
One crypto trader on Twitter pointed to this recent occurrence, noting that Tezos looks “really good from here” against its Bitcoin trading pair.
“TEZOS / BTC 3D TF- As expected, pullback into Goldenpockets, Tezos looking really good from here,” he explained.
Image Courtesy of Escobar
Now May Be the Moment of Truth for XTZ
A further push from here against Tezos’ Bitcoin trading pair could prove to be highly bullish for the cryptocurrency, as it is in the process of breaking above the upper boundary of a heavy overhead resistance region that was previously hampering its growth.
Another trader on Twitter spoke about this region while claiming that now is XTZ’s “moment of truth,” pointing to a chart showing the resistance that exists between 0.0003 BTC and just over 0.00031 BTC.
“XTZ moment of truth. Will see how we close EOD but so far, not looking so hot. Be patient,” he said.
Image Courtesy of Loma
Currently, Tezos is trading at 0.0000317 BTC, which is just a hair above the upper boundary of this resistance region.
If it is able to extend the momentum that was induced by its recent pullback into its golden pocket, it could be poised for some significantly further upwards momentum.
Featured image from Unsplash. origin »
Tezos and Chainlink are back in the green after surging over 18% in the last 24 hours. Now, both of these cryptocurrencies are testing key resistance levels that could be...The post Tezos and Chainlink Are Back, 18% Surge in 24 Hours appeared first on Crypto Briefing.
Tezos has undoubtedly been the ‘crypto-darling’ of 2020, outperforming the majority of its brethren. Google searches for this proof-of-stake-focused altcoin are also climbing, indicating that interest is growing in alternative cryptoassets.
The cryptocurrency known as Tezos is among the year’s best performers across the crypto market so far in 2020 and is showing no signs of stopping. In the latest move, Tezos exploded by another 24% before a slight pullback.
Although almost all eyes have been on Bitcoin, top cryptocurrency Tezos has seen a stellar past 24 hours. Per data from TradingView, the altcoin, in the top 20 cryptocurrencies by market capitalization, has gained upwards of 15%, surging as high as $2.
Several altcoins are starting to move exponentially despite Michael Novogratz’s claim that the “market is getting smarter. ” VeChain, for instance, has been on a rampage surging nearly 185 percent in the last 22 days.
Several altcoins are starting to move exponentially despite Michael Novogratz’s claim that the “market is getting smarter. ” VeChain, for instance, has been on a rampage surging nearly 185 percent in the last 22 days.
Coinbase announced in a blog post from earlier today that the exchange would be adding a feature that allows users to help run the Tezos network by staking their XTZ tokens in exchange for regular rewards—similar to dividends or interest payouts.
Tezos (XTZ) has registered a price increase of more than 60% in the last days after being supported by Coinbase Custody as the first cryptocurrency investors would be able to stake in their platform.
FOMO Moments Markets still sideways; Binance boosts Decred, Tezos also climbing, Qtum pulling back. More monotony today on crypto markets as there has still been no major movements. Another drop from weekend levels has seen market capitalization fall back below $210 billion as the bears keep things on the floor.
FOMO Moments Markets are flat again today; Ox surging, XRP and Tezos recovering slowly. It seems that things are back to horizontal territory for crypto markets as very little has moved over the past 24 hours.
Sure, Ethereum is still the NFT market share leader, but there’s an ever-present ‘multi-chain future’ discussion among the NFT space. NFT marketplace leader OpenSea has exhibited open arms to this concept, adding support for chains like Polygon and Avalanche.
State Department of Motor Vehicles divisions aren’t exactly known for efficiency. However, a new pilot project from California’s state DMV could look to change that. The state is now kicking off a pilot program, which will operate on Tezos, to manage state records surrounding automotive ownership.
In December 2021, major video game publisher Ubisoft invoked a tsunami of outrage from gamers by adding non-fungible tokens (NFTs) — dubbed “Digits” — to Ghost Recon Breakpoint, one of its lowest-rated live service games.
Major video game publisher Ubisoft has revealed Quartz, the company’s new platform that will allow players to earn, collect, and trade non-fungible tokens (NFTs) in the form of so-called Digits—“the first NFTs playable in AAA games and running on energy-efficient technology.
Kalamint, the second-largest NFT marketplace on the Tezos Network (XTZ), has implemented wallet top-up through Wert.
The post Tezos-based Kalamint partners with Wert to offer credit card top ups appeared first on CryptoSlate.
Sweet, a leading enterprise NFT solutions provider, announced the integration of Tezos, an energy-efficient Proof of Stake blockchain network, to the Sweet NFT platform.
The post F1 team McLaren launches NFT fan experience on Tezos (XTZ) appeared first on CryptoSlate.
XTZ, the native token of the Tezos blockchain, is now available as part of digital assets products that Arab Bank Switzerland institutional customers can trade, stake, and custody. This was announced today through a joint press by the two organizations.
