RATE Group | Analyst Says One Cryptocurrency Is Defying Laws of Physics As Bitcoin (BTC) Whales Rise in Record Numbers
86521
post-template-default,single,single-post,postid-86521,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Analyst Says One Cryptocurrency Is Defying Laws of Physics As Bitcoin (BTC) Whales Rise in Record Numbers

23 Apr Analyst Says One Cryptocurrency Is Defying Laws of Physics As Bitcoin (BTC) Whales Rise in Record Numbers

Posted at 19:36h in Cryptocurrency News by

Tezos (XTZ) continues to impress analysts as its price recovers rapidly from the crypto-wide crash in March.

The digital asset is trading at $2.37 at time of writing, up from around $1.36 in mid-March. A pseudonymous analyst who goes by the name Teddy tells his 30,000 followers on Twitter that Tezos is now flat out “defying the laws of gravity.”

Fellow analyst and Cointelegraph contributor Michaël van de Poppe says the asset is currently battling an important line of resistance. If it can break through, a move to $2.60 could be in the cards. If not, a correction is likely in store.

Tezos is a smart contract proof-of-stake blockchain designed to allow holders of the coin to help power the network and earn rewards in return. XTZ is currently the 10th largest crypto asset by market cap, according to CoinMarketCap.

Weiss Rankings also recently ranked Tezos first among 120 cryptos in terms of technology, beating out leading cryptocurrencies like…

Source link

Tags:
, , , , , , , , , ,