Tezos (XTZ.X)
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Investing in Tezos: the bull and the bear case (February 2019)

Rajlaxmi Sahu | 5:13 pm ET, 02 Feb 2019

Tezos (XTZ.X) is trading at $3.93, down -3.4% in the last 24 hours. Tezos is operating on a blockchain-based platform focused on smart contract operations and decentralized applications where stakeholders are governing the platform's protocol. 

When it comes to investing in Tezos, these are some frequently asked questions: 

  • Is Tezos currently a buy or a sell?
  • Should I sell or hold Tezos today?
  • Is Tezos good buy/investment opportunity?

Here are the reasons to buy Tezos (the bull case):

1. With Tezos, you can affordably stake or delegate your tokens and get rewards. You may set limits, but the minimum amount of tokens that needs to be delegated is not fixed.

2. The self-amending ledger used in Tezos is created to avoid common issues that may cause downtime or price fluctuations during routine hard fork updates.

3. The contracts in Tezos are formally verifiable which provides improved security and resistance against potential attackers.

Here are the reasons to sell Tezos (the bear case):

1. Tezos is not widely supported in commercial transactions, but is rather focused on adoption among a narrow sector of potential users, which includes bankers, investors and delegations. 

2. Tezos is a rather new platform, meaning that the project is still in its infancy phase. 

3. The users are allowed to delegate their tokens to bankers and get rewards but the network growth has caused popular bankers to surpass the available capacity leading to a number of users missing out on their rewards without being notified.

Over the last 30 days, XTZ.X lost -13.53%, additionally recording a -90% loss on YTD.  The 30-day loss is 3.17 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Will Tezos (XTZ.X) price recover in the foreseeable future?

Carla Olson | 7:17 am ET, 06 Sep 2018

Tezos (XTZ.X) is trading at $1.23, down by 12% from yesterday. The cryptocurrency has been declining precipitously and now has a $747 million market capitalization.  What is Tezos' price forecast?  What should traders and investors know about Tezos?

The Tezos foundation is working on strengthening the security of its cryptocurrency. It will issue financial grants to research institutions for the development of blockchain technology and smart contracts. 

One can purchase a Tezos coin on various exchanges such as Gate.io, Gatecoin, and HitBTC. It can't be purchased directly using US dollars. So, one has to buy first buy Ethereum or Bitcoin through an exchange dealing in US dollars such as Coinbase, Gemini or Changelly.  Also, China Electronic Information Industry Development Department (CCID) has announced that it will add Tezos to their list.

The uniqueness of Tezos lies in the fact that the platform can self-evolve. This enables the currency to avoid any kind of clash in similar communities when it comes to the negative impact of a hard fork occurring in the blockchain.

Tezos intends to offer services similar to Ethereum that will enable the creation and maintenance of smart contracts and the DApps on the platform.  An additional feature offered by Tezos is the formal verification processes for its smart contracts that is going to be executed on its blockchain.

Here are the major technical indicators:

  • MACD is placed in the bearish zone. MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is hovering around 30, which means the asset is oversold. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $1.20;
  • A new major resistance level is forming at $1.27.

Over the last 30 days, XTZ.X lost 13.53%, which is 16.26 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


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