Tezos (XTZ) Price May Hit $2 – Tezos (XTZ) Is Genuinely Unique Product And Will Be A Very Successful Crypto Project

There are more than 2100 digital currencies in the market today according to CoinMarketCap. The majority of them are struggling to thrive and remain relevant in the market. Only a few are achieving great success and dominating the market. The most dominant among them is Bitcoin (BTC), with a dominance level of 55 percent according to CoinMarketCap. A lot of altcoins are also trying, and they are beginning to grab the attention of digital asset investors, merchants, banks, and other strategic partnerships.

Tezos is also among the best performing digital currencies in the market. The digital currency has achieved a great level of success, even though it is still criticized by many. The founder of Tezos (XTZ) – Arthur Breitman – is very confident about the blockchain project. He very bullish and outspoken about the project and he believes it will stand out from the rest of the coins in the altcoin market.

The founder of Tezos said the project is a genuinely unique product. He said the project is unique in being a truly leaderless smart contract platform. The message of Tezos is pretty simple:

It is the only chain you need; it calibrates to do anything.”

By not having a leadership role or figurehead behind the project, Breitman aims to let the members of the community, the real users of the product, to determine what they want the project to look like. In his view, this shows how crucial governance is for a blockchain network.

Tezos Price Prediction 2019 

Live Tezos (XTZ) Price Today – XTZ / USD

Name Price
tezos
Tezos
$1.172.24%

Since the beginning of this month, the price of Tezos has been in an upward trend. The price of Tezos is trending over the 12-day exponential moving average. Tezos is also making an array of higher highs and higher lows signaling an uptrend. The 12-day and 26-day exponential moving averages are also moving upwards, signaling an upward trend. The price of Tezos tested the $1.4 resistance level late last month, but it lacked more bullish momentum and plunged lower.

Tezos (XTZ) Price Analysis

According to the latest Tezos (XTZ) price analysis on bitcoinexchangeguide; the XTZ/USD pair is in an uptrend in the month of May. The crypto’s price is trending above the 12-day EMA. Also, the crypto’s price is making a series of higher highs and higher lows indicating an uptrend. The 12-day EMA and the 26-day EMA are trending northward indicating an uptrend.

On April 18 and 23, the bulls tested the $1.4000 resistance level and were resisted. The price fell to the support of the 26-day EMA for a bullish trend resumption. From the Fibonacci retracement tool, the crypto’s price is trading between the 0.236(23.6%) and 0.382 (38.2%) retracement levels. This indicates that the crypto’s price is likely to rise in the continuation zone of Fib. retracement levels.

On the upside, if the bulls break $1.4000 resistance level, the crypto’s price will rise and reach the previous highs of $1.6000, $1.8000 and $2.0000. The stochastic is in the oversold region but above the 40% range which indicates that the price of Tezos is in a bullish momentum and a buy signal.

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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

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