{"id":415237,"date":"2020-02-19T17:00:52","date_gmt":"2020-02-19T17:00:52","guid":{"rendered":"https:\/\/wncen.com\/?p=415237"},"modified":"2020-02-19T16:53:07","modified_gmt":"2020-02-19T16:53:07","slug":"tezos-to-the-moon-how-the-unstoppable-cryptocurrency-rally-could-double","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tezos-to-the-moon-how-the-unstoppable-cryptocurrency-rally-could-double\/","title":{"rendered":"Tezos to the Moon: How The Unstoppable Cryptocurrency Rally Could Double"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">The cryptocurrency known as <a href=\"\/tag\/tezos\" rel=\"nofollow\">Tezos<\/a> is among the year\u2019s best performing altcoin assets, rising more than 200% year-to-date.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">And while the surging crypto asset is showing no signs of stopping, it could go on to double from here, according to a prominent crypto analyst and short-term \u201cparabola.\u201d<\/span><\/p>\n<h2>Tezos Is Top Performing Altcoin Asset of 2020 Bull Market<\/h2>\n<p class=\"p1\"><span class=\"s1\"><a href=\"\/tag\/tezos\" rel=\"nofollow\">Tezos<\/a> is a clear cryptocurrency industry standout.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The altcoin recently exploded into the top ten crypto assets by market cap, after an early 2020 rally smashed all expectations and then some.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/02\/14\/top-trader-tezos-cryptocurrency-can-surge-5-10x-after-100-rally-in-2-weeks\/\">Top Trader: Tezos Cryptocurrency Can Surge 5-10x After 100% Rally in 2 Weeks\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Since the start of the year, Tezos is up an insane 200%.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-415239\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/Screen-Shot-2020-02-19-at-11.25.22-AM.png?resize=860%2C464\" alt=\"tezos cryptocurrency\" width=\"860\" height=\"464\"><\/p>\n<p class=\"p1\"><span class=\"s1\">From the asset\u2019s late 2019 downtrend \u201cbottom,\u201d Tezos has quadrupled in value, with a sky-high, over 420% return.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">And from the asset\u2019s bear market bottom, it has grown in value by a staggering 1,125% in a little over a year\u2019s time.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Analysts have been <a href=\"https:\/\/wncen.com\/2020\/02\/11\/tezos-cryptocurrency-up-over-130-year-to-date-analyst-warns-not-to-fomo\/\">warning late-to-the-game investors from FOMOing into an asset<\/a> that has already risen so much, but Tezos has continued to rally, leaving cautious traders filled with regret.<\/span><\/p>\n<h2>Doubling Cryptocurrency Prices Send Investors into XTZ<\/h2>\n<p class=\"p1\"><span class=\"s1\">That regret will only grow if <a href=\"\/tag\/tezos\" rel=\"nofollow\">Tezos<\/a> does as one analyst believes and extends its \u201cparabola\u201d to as much as $6.30 per XTZ token.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The current high is set at $3.70, so reaching such a target would mean that Tezos price doubles from current levels.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24XTZ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$XTZ<\/a> short term parabola. Extension to ~ $6.3 is expected to happen&#8230;. If you study the ETH\/USD chart you&#39;ll find the patterns. After that, correction to $3.7 &#8211; $4 for re-accumulation before <a href=\"https:\/\/twitter.com\/hashtag\/moon?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#moon<\/a> <a href=\"https:\/\/t.co\/mOdOTbtBsc\" rel=\"nofollow\">pic.twitter.com\/mOdOTbtBsc<\/a><\/p>\n<p>&mdash; Don Tomasso (@Tomaseetoo) <a href=\"https:\/\/twitter.com\/Tomaseetoo\/status\/66533376?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 19, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">Such a rally would cause yet another 100% push from here, taking year-to-date gains to over 400%.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">It would also take any investments made from the very bottom to as high as just under 2,000% returns in less than 16-months.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"\/tag\/tezos\" rel=\"nofollow\">Tezos<\/a> has completed these amazing feats, all before the bull market has truly begun for cryptocurrencies.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">And because Tezos is a relative newcomer alongside other altcoins like Link, who missed out on the last crypto bubble, these shiny new altcoins have less tarnish and negativity to break free from.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The assets also don\u2019t have support levels turned resistance to contend with, and instead are in <a href=\"https:\/\/www.investopedia.com\/terms\/p\/pricediscovery.asp\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">price discovery mode<\/a>.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/02\/17\/tezos-ethereum-altcoins-dangerous-sell-signals\/\">Tezos &amp; Ethereum: These Top Performing Altcoins Flash Dangerous Sell Signals<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">This means that any peaks are just psychological barriers while a true value is established by the way of the push and pull of market dynamics.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">This is the exact reason why Tezos could easily double from here, and reach prices of $6.3 in the coming days \u2013 because no one knows truly what Tezos should be worth, so the speculative asset is <a href=\"https:\/\/wncen.com\/2020\/02\/14\/top-trader-tezos-cryptocurrency-can-surge-5-10x-after-100-rally-in-2-weeks\/\">likely to explode further<\/a> until a strong psychological resistance is reached.<\/span><\/p>\n<p>When assets perform like <span class=\"s1\"><a href=\"\/tag\/tezos\" rel=\"nofollow\">Tezos<\/a><\/span>, sky is the limit. But remember, just like Bitcoin at the last bull market peak: everything that goes up that fast, eventually falls back down quite hard.<\/p>\n<p><a href=\"https:\/\/wncen.com\/2020\/02\/17\/tezos-ethereum-altcoins-dangerous-sell-signals\/\">And with how much Tezos has rallied, while it can certainly go a lot higher, when it does turn around,<\/a> much of the gains could be erased.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency known as Tezos is among the year\u2019s best performing altcoin assets, rising more than 200% year-to-date. And while the surging crypto asset is showing no signs of stopping, it could go on to double from here, according to a prominent crypto analyst and short-term \u201cparabola.\u201d Tezos Is Top Performing Altcoin Asset of 2020 Bull Market Tezos is a clear cryptocurrency industry standout. The altcoin recently exploded into the top ten crypto assets by market cap, after an early 2020 rally smashed all expectations and then some. Related Reading | Top Trader: Tezos Cryptocurrency Can Surge 5-10x After 100% Rally in 2 Weeks\u00a0 Since the start of the year, Tezos is up an insane 200%. From the asset\u2019s late 2019 downtrend \u201cbottom,\u201d Tezos has quadrupled in value, with a sky-high, over 420% return. And from the asset\u2019s bear market bottom, it has grown in value by a staggering 1,125% in a little over a year\u2019s time. Analysts have been warning late-to-the-game investors from FOMOing into an asset that has already risen so much, but Tezos has continued to rally, leaving cautious traders filled with regret. Doubling Cryptocurrency Prices Send Investors into XTZ That regret will only grow if Tezos does as one analyst believes and extends its \u201cparabola\u201d to as much as $6.30 per XTZ token. The current high is set at $3.70, so reaching such a target would mean that Tezos price doubles from current levels. $XTZ short term parabola. Extension to ~ $6.3 is expected to happen&#8230;. If you study the ETH\/USD chart you&#39;ll find the patterns. After that, correction to $3.7 &#8211; $4 for re-accumulation before #moon pic.twitter.com\/mOdOTbtBsc &mdash; Don Tomasso (@Tomaseetoo) February 19, 2020 Such a rally would cause yet another 100% push from here, taking year-to-date gains to over 400%. It would also take any investments made from the very bottom to as high as just under 2,000% returns in less than 16-months. Tezos has completed these amazing feats, all before the bull market has truly begun for cryptocurrencies. And because Tezos is a relative newcomer alongside other altcoins like Link, who missed out on the last crypto bubble, these shiny new altcoins have less tarnish and negativity to break free from. The assets also don\u2019t have support levels turned resistance to contend with, and instead are in price discovery mode. Related Reading | Tezos &amp; Ethereum: These Top Performing Altcoins Flash Dangerous Sell Signals This means that any peaks are just psychological barriers while a true value is established by the way of the push and pull of market dynamics. This is the exact reason why Tezos could easily double from here, and reach prices of $6.3 in the coming days \u2013 because no one knows truly what Tezos should be worth, so the speculative asset is likely to explode further until a strong psychological resistance is reached. When assets perform like Tezos, sky is the limit. But remember, just like Bitcoin at the last bull market peak: everything that goes up that fast, eventually falls back down quite hard. And with how much Tezos has rallied, while it can certainly go a lot higher, when it does turn around, much of the gains could be erased.<\/p>\n","protected":false},"author":517,"featured_media":415238,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,10694,15390],"class_list":["post-415237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-tezos","tag-xtz"],"acf":[],"yoast_head":"\n<title>Tezos to the Moon: How The Unstoppable Cryptocurrency Rally Could Double<\/title>\n<meta name=\"description\" content=\"The cryptocurrency known as Tezos is among the year\u2019s best performing altcoin assets, rising more than 200% year-to-date. 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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