Tezos is one of the few coins that are almost always trading in green on CoinMarketCap. This is why it’s not a surprise that the search term ‘Tezos coinmarketcap.com’ is currently trending on Google. The Tezos price prediction is bullish for 2019 and beyond. Recently, the founder of Tezos Arthur Breitman, expressed his confidence in the future of Tezos and the XTZ token. His optimism toward the project isn’t far fetched. The Tezos project, while at its early stages, has a lot of potential. Apart from the strength of Tezos as a blockchain, the entire cryptocurrency market is also going to be bullish throughout the year. This is going to impact the price of all altcoins including Tezos.
Tezos Price Prediction – Tezos News Today – Tezos Surges By 10% The Bulls May Take XTZ Above $1.45
Tezos is a relatively new blockchain. It was developed by Arthur Breitman, an ex analyst at Morgan Stanley in the year 2017. The Tezos blockchain supports smart contracts and decentralized applications just like Ethereum. However, unlike most blockchains, Tezos is based on a delegated proof-of-stake consensus mechanism. Since the blockchain was created, it has made significant progress compared to many other blockchains that were created during the same period.
Bitcoin (BTC) Price Today – BTC / USD
Right now, Tezos XTZ has moved from the 17th position to the 16th position on Coinmarketcap.com. In April, the cryptocurrency gained up to 50% within a 2-week period crossing the $1 mark and surging higher against the USD. At its peak in April, the price of Tezos XTZ was $1.48. However, it has moved lower since then maintaining the support at $1. On the 7th of April, Tezos was trading at 0.984157. Today, the price of Tezos is $1.26. This means that it is up by 10.26% against the USD and up by 5.49% against the price of Bitcoin. The trading volume over a 24 hour period is $3,726,929 and the market capitalization is $835,095,430. Over a 30-day period, Tezos XTZ is up by 25%. It is trading in a wide range of $1.14 and $1.28.
Tezos Price Prediction – Tezos News Today – Tezos Will Face Resistance At $1.45
While the price of Tezos is currently surging, there is a key resistance at $1.45. If the bulls are able to break this resistance, it would become a support level and more gains will be recorded. However, if the price of Tezos falls against the USD, it will be firmly supported at the $1 level which it has established. No doubt, the Tezos project has been successful this year and the success is most likely going to go beyond the year. The Tezos price prediction is bullish.
According to the Tezos price analysis on CryptoNewz, the price of Tezos will most likely test the $3 before the end of 2019 and $10 by the end of 2020. So, the longer you hold, the more you’ll gain. If the current trend continues, more investors will develop interest in Tezos, the use cases will increase along with the price. However, it is important to note that the cryptocurrency market is unpredictable. So, there is no guarantee that this Tezos price prediction will happen.
What do you think about the Tezos price prediction in Tezos news today? Share your thoughts about the price of XTZ in the comment section.