Tezos (XTZ) May Hit $2.0 Very Soon After Tezos’ New Initiatives

While a few digital currencies were left behind during the ongoing crypto bull run, Tezos (XTZ) refused to be left behind. The price of Tezos surged significantly and rode along with the bulls also.

The recent crypto bull saw the price of Bitcoin (BTC) over the $8k level. Bitcoin (BTC) has been trading below the $6k level for quite some months now. However, the bulls were able to drag the price of Bitcoin (BTC) over the $8,000 mark, and it is still surging higher.

Tezos News Today – First Anniversary of the Tezos Betanet Launch

Tezos has a lot in store for the celebration of the forthcoming anniversary of the launch of Betanet. The firm has put together an array of initiatives to trigger more participation in the ecosystem of Tezos. According to an announcement by Tezos Foundation, they will be supporting the development and advancement of more improved software and tooling that aims to make baking more accessible. Baking helps to increase the security of the Tezos network.

The Foundation also aims to push resources about voting, how to participate, and how it works so that token holders will have the knowledge to be part of the evolution of Tezos. The Foundation is also creating a suite of tools for fundraiser contributors. The tool will make it much easier for them to navigate the activation and retrieval processes. In a few weeks from now, Tezos will launch an Activation Help Desk that would enable fundraiser contributors to get real-time assistance in activating their allocations.

Tezos Price Analysis – Tezos Price Prediction 2019 

Tezos is one of the highest gainers over the past twenty-four hours. Almost all the top thirty coins in the market are in the green. While over coins are recording gains of about 5 to 10 percent. The price of Tezos (XTZ) has increased by more than 20 percent over the past day.

NamePrice
tezos
Tezos
$0.8792.08%

At the time of writing, the price of Tezos is $1.71 after an increase of more than 20 percent over the past day, according to CoinMarketCap. The current market cap of the digital currency is $1.26 billion. The trading volume of the digital currency over the past day is $11.06 million. At the press time, XTZ USD price is supported at the $1.60 mark. On the upside, the price of Tezos is facing hurdle at the $1.7 mark.

Tezos (XTZ) Price Today – XTZ USD Live Price

The price of Tezos has been very impressive. It has broken over several short-term Tezos price predictions. Tezos also has a very strong and large community behind, thanks to the bullish Tezos news today and the effort of the team behind the project. Many digital asset investors are looking at Tezos as a great investment opportunity, as Tezos price forecast 2019 looks very promising. You should ask yourself how to buy Tezos for catching this investment opportunity.

According to the latest Tezos price analysis on bitcoinexchangeguide; there has been a visible chain of increases along with the trend-line of the Bollinger Upper Band in the XTZ/USD market over time in this week’s medium-term trend. After a notable line of higher lows above the 50-day SMA indicator between May 12 and 14, the crypto-trade has sequentially sprung upwards to average a high a point at $2.

Currently, the pair is witnessing a price correction between the Bollinger Upper and Middle Bands’ trading zones. The 50-day SMA is located underneath the Bollinger Middle Band. The Stochastic Oscillators have now crossed range 80 from the overbought zone to point south. That suggests that bears are struggling to get back into the market.

The bulls now seem to be getting weaker in the XTZ/USD market, but may regain their strength at a touch of the 50-day SMA indicator. The market point at $2 mark could be a very critical line in retarding the bulls’ further upswing movement in this crypto-trade.

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

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