Tezos

Get Tezos (XTZ) all time high price, historical charts, latest news and other information.

Tezos ($XTZ), the sixth-largest Defi token by market cap hit a new all-time-high (ATH) of $9.18 as it extended its weekly gains over 35%. The Defi token has seen a 2X price surge since September end and the momentum has continued in October. The Defi token defied the market’s bearish trend towards the end of September and just liver several other Defi tokens, it made double-digit gains.
Source: TradingView
Another reason being attributed to the recent surge in Defi tokens is the recent crypto ban announced by the Chinese central bank. The new set of crypto crackdown guidelines are said to be strictest as it not only prohibited crypto mining and trading but also warned foreign crypto exchanges from offering any services in China as all crypto transactions are deemed illegal. Chinese insiders claimed that many crypto traders in the country are focusing on the Defi market in the wake of the ban. Thus leading to double-digit gains even when the rest of the market was consolidating.
Tezos price surge is being attributed to the recent network upgrade that made the network much faster and cut down the gas cost as well. Another bullish reason for the surge is growing staking on the network where nearly 78% of the total supply has been staked till now, thus the number of available tokens in the market continues to decline to add to the bullish factor.
Tezos ($XTZ) To Enter Price Discovery Mode?
After posting a new ATH above $9, there is not much price resistance ahead that could propel the Defi token to enter a price discovery mode quite similar to Play-to-Earn NFT Gaming platform Axie Infinity ($AXS) and Solana ($SOL) last month. Apart from price discovery, $XTZ is also on the verge of breaking out of a multi-year uptrend from the top which could aid its price rise further.

Do you know what happens when it breaks a multi-year uptrend from the top?#tezos $xtz #xtz pic.twitter.com/5ESYm6GVyM
— Salaire Brut en Net (@brut_en_net) October 4, 2021

Tezos is perfectly set for a bullish last quarter as it continues to break ATHs and enter price discovery mode.
The post Defi Boom: Tezos ($XTZ) Hits New ATH on Back of 35% Weekly Gains, Here’s Why it Could Surge Further appeared first on Coingape.


Tezos ($XTZ), the sixth-largest Defi token by market cap hit a new all-time-high (ATH) of $9.18 as it extended its weekly gains over 35%. The Defi token has seen a 2X price surge since September end and the momentum has continued in October. The Defi token defied the market&#8217;s bearish trend ...

coingape.com

Defi Boom: Tezos ($XTZ) Hits New ATH on Back of 35% Weekly Gains, Here’s Why it Could Surge Further

Crypto strategist and trader Michaël van de Poppe says he’s expecting rallies for Chainlink and Tezos as he plots his bottom targets for Cardano and VeChain.
In a strategy session, Van de Poppe tells his 132,000 YouTube subscribers that decentralized oracle network Chainlink (LINK) is mirroring its price action late last year when the coin corrected before igniting a huge rally to its all-time high above $50.
 
“At this stage, I’m assuming we are getting close toward that as well. What is the area that we’re looking at for support? Area around $22, area around $20, readying toward here, making a higher low, continuation, another retest and then we can start continuing.”
According to Van de Poppe, he expects Chainlink to rise as high as $48, representing a potential upside of over 77% from its current value of $27.
Another coin on the trader’s list is smart contracts platform Tezos. According to Van de Poppe, Tezos looks bullish against Bitcoin (XTZ/BTC) and is poised to hit his target at 0.0002 BTC, worth $9.57.
“XTZ might be ready for 0.0002 BTC.”
Source: Van de Poppe/Twitter
As for Cardano, Van de Poppe says the Ethereum competitor will likely carve a bottom at support around 0.000046 BTC ($2.20) before resuming its bull trend and rallying to his target at 0.000065 BTC ($3.11).
“So far, so good for Cardano.”
Source: Van de Poppe/Twitter
Looking at supply chain management platform VeChain (VET), Van de Poppe believes that the coin has already found a bottom at $0.90.
“VET is most likely bottomed.”
Source: Van de Poppe/Twitter
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The post Crypto Trader Michaël van de Poppe Predicts Rallies for Chainlink and Tezos, Outlines Bottom Targets for Cardano and VeChain appeared first on The Daily Hodl.


Crypto strategist and trader Michaël van de Poppe says he&#8217;s expecting rallies for Chainlink and Tezos as he plots his bottom targets for Cardano and VeChain. In a strategy session, Van de Poppe tells his 132,000 YouTube subscribers that decentralized oracle network Chainlink (LINK) is mirro...

dailyhodl.com

Crypto Trader Michaël van de Poppe Predicts Rallies for Chainlink and Tezos, Outlines Bottom Targets for Cardano and VeChain

  
The price of Tezos (XTZ) has more than doubled over the past week. The token is close to breaking the May all-time high of $8.42.



Tezos is growing parabolically



Tezos reached the all-time high (ATH) of $8.42 on May 7, 2021. The altcoin then experienced a 75% correction to a macro low at $2.10 on 20 July.



After a three-month consolidation in May-August, the token broke out above the resistance area near $4 (green rectangle). It then reached the 0.618 Fib retracement of the entire downward movement and turned the $4 resistance into support on September 7.



A day later, the price generated a hammer candle (blue arrow) to start a parabolic upward movement from 9 September. Over the past week, XTZ has doubled in price and is reaching $8 at the press time.



XTZ chart by Tradingview







The breakout on 9 September and the subsequent upward movement is confirmed by the record volume. The altcoin then validated the aforementioned 0.618 Fib retracement level into support and continues its upward movement.



Technical indicators



Technical indicators on the daily time frame support the ongoing breakout. The RSI has turned back from neutral territory near 50 and is aggressively heading upwards. Currently, the indicator has regained bullish territory above 70 and is not generating any bearish divergence.



The MACD signal line has been positive since early August and is rising. The momentum bars are green again and indicate an increase in positive momentum. Moreover, the stochastic oscillator has returned to bullish territory after a sharp rebound from the bearish-controlled border.



XTZ chart by Tradingview







XTZ future movement



The nearest target for XTZ price action is the ATH level at $8.42. However, even a daily close above the $7.58 area, which is the top of the body of the highest daily candle, would be a bullish signal.



The next targets are determined using the external Fib retracement. After a possible breakthrough of the ATH, XTZ will target $10.14 and $11.04 levels at the 1.272 and 1.414 Fib retracement. If these are broken through, the next resistance levels are at $12.33 and $14.75, which correspond to the external retracement of 1.618 and 2 Fib.



XTZ chart by Tradingview







The short-term 4-hour chart shows an aggressively rising parallel channel. At the same time, we see a clear short-term resistance level around $6.20, which has been turned into support (green rectangle).



Currently, the price is near the median of the channel, which has acted as a resistance since September 11. If XTZ manages to break through this resistance line and validate it as support, the next few days could bring a new all-time high.



XTZ chart by Tradingview







If, on the other hand, the median is still respected as resistance, then the price will return to the support line of the channel, which is currently located around $7. On the other hand, if a breakdown from the parallel channel occurs, the aforementioned $6.20 level will serve as short-term support.



For BeInCrypto’s previous Bitcoin (BTC) analysis, click here.
  The post Tezos (XTZ) Doubles in One Week, Rises Towards New All-Time High appeared first on BeInCrypto.


The price of Tezos (XTZ) has more than doubled over the past week. The token is close to breaking the May all-time high of $8.42.
The post Tezos (XTZ) Doubles in One Week, Rises Towards New All-Time High appeared first on BeInCrypto.


beincrypto.com

Tezos (XTZ) Doubles in One Week, Rises Towards New All-Time High

During the last week, a large quantity of popular crypto assets have consolidated and have even seen some slight losses during the last seven days. However, there’s a slew of crypto coins that have seen significant double-digit gains during the last 24 hours.
Ecash, Tezos, Arweave, Bitcoin Gold Jump
The lion’s share of crypto coins in the crypto economy have seen double-digit gains during the last month but over the last week, there’s been some consolidation for a great number of the usual market leaders. 
For instance, over the last day, both bitcoin (BTC) and ethereum (ETH) have slid in value slightly and have been very consolidated during the last week. But there’s been a variety of other crypto assets that have made massive moves during the last day to end the weekend. 
The biggest gainer on Sunday is a coin called ecash (formally BCHA or Bitcoin ABC) which has jumped 42.4% during the last day. Seven-day statistics show ecash has spiked 98.4% this week. 
Ecash or XEC/USD chart on Sunday, August 29, 2021.
At the time of writing, the ecash (XEC) token is exchanging hands for $168 per coin and has an overall market cap of around $3.1 billion. Behind ecash is tezos (XTZ), which has gained over 16% over the last day and XTZ is up 62.4% for the week. A single XTZ is swapping for $5.99 per coin and it has a market valuation of about $5 billion.
XTZ/USD chart on Sunday, August 29, 2021.
Arweave (AR) is trading for $44 per unit and is Sunday’s third-largest gainer with 12.9% during the last 24 hours. Bitcoin gold (BTG) has also seen decent 24 hour gains spiking 12.7% to $80 per BTG.
Arweave or AR/USD chart on Sunday, August 29, 2021.
The token called near (NEAR) is up 9% today as there are only four coins that have seen double-digit gains over the last day. Near is swapping for $5.83 per coin and has an overall market valuation of around $2.6 billion on Sunday morning (ET).
       
Safemoon Controversy Drags Token Value Down 26%, Axie Infinity Slides 6%
Other notable gainers on Sunday include cosmos (ATOM), bitcoinsv (BSV), and enjin coin (ENJ). Coins like flow, kusama, decentraland, and bitcoin cash (BCH) have been moving up the ladder as well in terms of 24-hour gains.
Unfortunately for Safemoon fans, the safemoon (SAFEMOON) token is down 26% on Sunday as controversy surrounds the network. Safemoon is the only double-digit loser on Sunday and below SAFEMOON is axie infinity (AXS) which dropped over 6% during the last 24 hours.
What do you think about Sunday&#x2019;s biggest crypto gainers and the top two crypto losers over the last 24 hours? Let us know what you think about this subject in the comments section below. 



























During the last week, a large quantity of popular crypto assets have consolidated and have even seen some slight losses during the last seven days. However, there&#x2019;s a slew of crypto coins that have seen significant double-digit gains during the last 24 hours. Ecash, Tezos, Arweave, Bitcoin...

news.bitcoin.com

24 Hour Double-Digit Crypto Gainers: Ecash Jumps 40%, Tezos Spikes 16%, Arweave Gains 12%

Incore Bank, in partnership with Inacta and Crypto Finance Group, has selected Tezos as their preferred blockchain platform to develop regulatory-compliant digital financial products via a newly developed token standard titled DAR-1.
Tezos to Enable Smart Contracts for European Banks

Business-to-business transaction bank Incore Bank, in collaboration with Inacta and Crypto Finance Group, has picked Tezos, an open-source proof-of-stake (PoS) blockchain network, to power smart contracts for a range of on-chain digital financial products and use cases.

Together with Tezos, these entities have launched a new standard for tokens called DAR-1, allowing smart contracts to perform functions necessary to support finance. These functions include complying with anti-money laundering regulations, handling governance, and supporting asset management activities.

Developed by Inacta, an independent IT company focused on software development and blockchain promotion, DAR-1 is based on Tezos FA2, a token contract interface for single and multi-token smart contracts. Together, Incore Bank and Inacta intend to begin issuing assets in the DAR-1 tokenization standard via the Tezos network later this year.

In addition to launching the DAR-1 token standard, Incore Bank unveiled a new range of services in conjunction with Crypto Finance Group, a FINMA-licensed provider of institutional and professional investor products and services for digital assets. These regulatory-compliant offerings include institutional-grade storage, staking, and trading services for Tez (XTZ), the native token of the Tezos blockchain.

With Incore Bank launching staking services for the Tezos network, financial institutions that use Incore Bank’s services will also be able to offer staking for their clients’ assets directly via e-banking.

       
Transforming Traditional Banking

The Tezos platform is seeking to provide the safety and code correctness necessary to protect assets and other high-value use cases at the protocol and application layers, making it suitable for applications in banking.

Compared to other established chains like Ethereum, which is undergoing its ETH 2.0 upgrade, Tezos, alongside Cardano, calls itself a ‘third-generation’ blockchain, known colloquially as Blockchain 3.0. Unlike Ethereum in its present form, Tezos hopes to provide higher transaction throughput and mechanisms designed to handle network congestion.

Tezos relies on its on-chain governance model, which allows upgrades without disrupting or splitting the existing network in contrast with Ethereum. For tokenized assets registered on a blockchain, hard forks pose a significant risk. Hard forks can split chains resulting in scenarios where tokens supposed to have a fixed supply of circulating units would continue to exist on both chains, doubling the total number of tokens.

Still, Ethereum has, to date, been the go-to vehicle for financial services organizations seeking to test the viability of blockchain in handling traditional asset issuance. Earlier this year, the European Investment Bank (EIB), in partnership with Banque de France, issued a $100 million, 2-year bond registered and settled on the Ethereum network.

What do you think of smart contract adoption by institutional banks? Let us know in the comments section below.


Incore Bank, in partnership with Inacta and Crypto Finance Group, has selected Tezos as their preferred blockchain platform to develop regulatory-compliant digital financial products via a newly developed token standard titled DAR-1.&#13; Tezos to Enable Smart Contracts for European Banks &#13; B...

Tezos price	$6.75
Low - High 24H	$6.62 - $6.86
Market cap	$5.81B
Volume 24H	$124.33M
All time high	$9.12 -26.23% October 4th 2021
All time low	$0.350476 1818.91% December 7th 2018
Genesis date	N/A

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