{"id":414286,"date":"2020-02-11T19:00:52","date_gmt":"2020-02-11T19:00:52","guid":{"rendered":"https:\/\/wncen.com\/?p=414286"},"modified":"2020-02-11T18:32:50","modified_gmt":"2020-02-11T18:32:50","slug":"tezos-cryptocurrency-up-over-130-year-to-date-analyst-warns-not-to-fomo","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tezos-cryptocurrency-up-over-130-year-to-date-analyst-warns-not-to-fomo\/","title":{"rendered":"Tezos Cryptocurrency Up Over 130% Year to Date, Analyst Warns Not to FOMO"},"content":{"rendered":"
The cryptocurrency known as Tezos<\/a> has had a stellar year thus far in 2020, after finishing out 2019 among the top-performing crypto assets of the year.<\/span><\/p>\n But this year so far, it\u2019s already up well over 130%. However, despite the strong showing, a prominent crypto analyst is warning investors, not to FOMO in after such a powerful rally, and to instead be ready to buy the dip.<\/span><\/p>\n The cryptocurrency market is on fire once again, led in part by a massive global breakout of altcoins<\/a>.<\/span><\/p>\n The surge in altcoins also helped to propel Bitcoin<\/a> to new local highs, and on some exchanges has now set a new higher high, above and beyond the historic October 2019 rally that set records for one of the strongest single-day surges in the asset\u2019s young history.<\/span><\/p>\n Related Reading | Altcoins Break Out Against Bitcoin After Six Months Of Sideways\u00a0<\/a><\/strong><\/em><\/p>\n But as Bitcoin begins to cool off, altcoins continue to explode higher, setting new highs with each subsequent pump.<\/span><\/p>\n Among the best examples of this continued surge, is the cryptocurrency known as Tezos<\/a>.<\/span><\/p>\n Tezos<\/a> had a strong showing in 2019, after a listing on Coinbase and buzz surrounding the crypto asset\u2019s staking feature combined with the growing interest in decentralized finance caused the asset to skyrocket.<\/span><\/p>\n Tezos was one of the few cryptocurrencies to avoid setting a lower low during the last major trough across the cryptocurrency market, and instead bottoming a month or so prior in October at just 70 cents per XTZ token.<\/span><\/p>\n From that low, Tezos is up over 300%, and since the start of January 2020, Tezos<\/a> has seen another 130% gain.<\/span><\/p>\n The surge in price has caused Tezos to go parabolic, as indicated by the parabolic curved drawn on a price chart from cryptocurrency analyst Josh Rager.<\/span><\/p>\n Rager says that despite the skyrocketing prices in Tezos, now is not the time to FOMO into a position.<\/span><\/p>\n https:\/\/twitter.com\/josh_rager\/status\/47984130?s=21<\/p>\n As the saying goes, what goes up, must come down, and after an asset goes full-on parabolic, a strong retracement typically follows. Those who take the chance to buy now could have to deal with the risk of extreme downside.<\/span><\/p>\n However, as pointed out, Tezos<\/a> hasn\u2019t been behaving like other cryptocurrency assets. The cryptocurrency even found its bottom a month ahead of other altcoins.<\/span><\/p>\n Related Reading | Global Altcoin Breakout Could Usher Return of Alt Season Crypto Riches\u00a0<\/a><\/strong><\/em><\/p>\nTezos Continues to Surge in the New Year, Up Over 130% YTD<\/h2>\n
Yes Or No to Cryptocurrency FOMO?<\/h2>\n