Tezos definitely makes one of the top gainers of the week on the list of top 30 trading cryptocurrencies alongside Waves (WAVES) that managed to collect over 60% of gains in the course of the last two weeks, also scoring 6% in the last seven days. However, although WAVES managed to retrieve 60% of lost value in the course of the last 14 days, Tezos is showing negative returns on its biweekly chart, dropping by -27%. The effects of the frequently dipping market can also be seen on the monthly charts where XTZ is dropping by over -67% in the period of the last 30 days. Still, XTZ is able to show resistance against the dipping market on December 13th after the cryptocurrencies returned to thdip once the entire market took a rebound one day before. Tezos kept rising the next day as well, which made it score 13% of gains in the period of the last 7 days despite the fact that all top trading cryptocurrencies are dipping within the same time frame.
Tezos Acquires Positive Momentum Despite the Returning Dips, Scores 13% in a WeekEspecially in the midst of the dipping market, a score of 13% of gains in the period of only seven days can be categorized as progressive. That is how XTZ managed to join the top 20 list of trading cryptocurrencies, which means that Dogecoin (DOGE) is now out only several days after joining the list of 20 top trading cryptocurrencies. Tezos made an all-time high of over 10$ back at the time when the entire market was recording new highs, however, XTZ went below the resistance of 1$ in mid-November once the severe dips started with price cutting. XTZ is now trading at the price of 0.42$ after the latest rise of over 3% in the course of the last 24 hours, with a strong possibility that the crypto might head for 1$ by the end of the year.
Tezos (XTZ) Price Prediction for 2019Even though Tezos joined the list of top 20 trading cryptocurrencies with marking 13% of gains in the last seven days despite the fact that the last week was marked in dips, it appears that 2019 will bring a rough start, where XTZ won’t be the only crypto affected by negative trends. Tezos could be looking at the price of 0.60$ at the beginning of 2019, while the crypto could reach 0.80$ and 0.90$ in the third and second quarter of the year. While it is presumed that XTZ will have a rough time at the beginning of the year still able to go above the value of 0.50$, it is said that the crypto could break the resistance of two by the end of 2019. It is considered that the end of 2019 and the beginning of 2020 should bring a rebound phase to the cryptocurrency market where it is said that cryptocurrencies would be provided with enough positive momentum to be able to revisit old highs. In the meanwhile, based on the present trends in the market,even with the recent gains, XTZ might not be able to go over 1$ in the course of the next two weeks by the end of 2018.
Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.