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Tezos [XTZ] Technical Analysis and Price Prediction 2018, 2020
Monday morning saw the crypto market in red with the major altcoins incurring losses barring Tezos [XTZ] and few more. The 18th most valuable crypto had considerably moved up 12.20% in the last seven days. However, in the period of the last one month, Tezos has merely added 2.22%.XTZ/USD
The MACD indicates that the virtual currency is trading with bullish momentum and is also experiencing an uptrend, as evidenced by the 100 EMA line at press time. The coin has posted meagre gain, breaking out from the key resistance level traced at $1.30. The hourly RSI indicator was noted at 55.34, suggesting increased buying of the crypto in the market. At the time of writing, the digital asset had inched up 1.15% against the U.S. dollar to trade at $1.33. The virtual currency's total market value currently stands at $817.9 million, according to CoinMarketCap. [caption id="attachment_25428" align="aligncenter" width="1000"]
Tezos price chart[/caption]
XTZ/BTC
The digital currency has jumped 2.12% against Bitcoin [BTC]. At present, one XTZ equivalent to around 0.00020744 BTC.Tezos [XTZ] Price Prediction 2018, 2020
- According to Wallet Investor, the coin is likely to hit as high as $2.68 by December. In January, 2020 the crypto is expected to be valued at $0.000001.
- Going by Trading Beasts, by December the digital asset will likely trade at $1.70 and be valued within a range of $1.33-$1.95. By the end of December, the price is expected to be at $1.56. However, XTZ is anticipated to be trading within $1.50-$2.20 in January, 2020.
- Crypto Info Base has predicted that in December 2019 the digital currency will likely trade at $3 and in early 2019, it will be trading within $3-$5.
Tezos [XTZ] Latest Updates
Most recently, the cryptocurrency was listed on the Canada-based cryptocurrency exchange, Kraken. According to the exchange, XTZ trading would commence on its platform, paired with the U.S. dollar, Euro, Ethereum and Bitcoin. Previously, Kraken had listed Cardano [ADA] and Quantum [QTUM] on its platform, which pushed the prices of these altcoins as well. The latest listing of Tezos is expected to boost the adoption of the coin within the crypto community. Last month, Tezos Mainnet was launched after a smooth completion of the betanet period. On reaching the new status, all balance transactions that were previously on the betanet would automatically be transferred to the mainnet. See also: Tezos [XTZ] prices dip by 20% after MainNet launch Tezos Mainnet finally arrives after a smooth betanet periodImage via Shutterstock
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