Could Crypto Exchange Coinbase Be Pumping Tezos To The Moon?

Tony "The Bull" Severino

5 years ago

3 mins read

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Tezos has been on fire over the last six months, rising over 400% in that timeframe and leaving investors scratching their heads as to what is fueling the astronomical rise.

But could it be in part clever marketing from popular cryptocurrency platform Coinbase that is driving extreme FOMO into the number ten cryptocurrency by market cap?

Tezos, the Unstoppable Altcoin is 2020 Crypto Market Champion

Tezos has had an explosive start to the year, rising over 225% since January 2020 first began.

Nearly two full months later, even after a 28% pullback, the altcoin is showing no signs of stopping or slowing down.

Tezos is a platform designed to launch Security Token Offerings.

STOs are essentially a digital, tokenized version of the IPO launch, where traditional securities such as are tokenized to take advantage of the benefits of blockchain technology for transparency, tracking, and validation.

Much like Ethereum exploded in value during the ICO boom, Tezos is expected to perform strongly as the STO comes into favor.

But there may be other factors driving the altcoin’s recent stardom and parabolic rally.

Tezos is among the crypto market’s top performers this year, and rocketed from low own the list of top cryptocurrencies to a position in the tenth spot, even surpassing Chainlink – the best performing altcoin asset of the previous year.

Coinbase Staking Gains Give Investors a Feeling of XTZ

In addition to the plenty of reasons Tezos already has to shine, the real driver behind the boom may be in Tezos and how one of the most popular crypto exchanges in the world promotes the staking aspect of the altcoin.

In fact, just one aspect alone is likely to encourage investors to buy more. In a tweet, an ecstatic crypto investor shows a clip of watching his Tezos staking earnings pile up in real-time.

Omg, I didnt know the coinbase tezos interest ticker worked like this 😂😂😂😂😂😂 pic.twitter.com/XsHsNZGRoC

— Jebus (@Jebus) February 20, 2020

Part of the thrill of cryptocurrencies is watching your portfolio values skyrocket during bull markets, but the gains provided by the number ten crypto asset by market cap stack up during staking with or without the market surging.

If that wasn’t enough to cause more investor FOMO, Coinbase further encourages holders of the altcoin to try out staking for themselves. Coinbase even offers Tezos holders additional XTZ tokens for giving staking a try.

With Coinbase essentially paying you in XTZ to take staking for a test drive, investors are more likely to do so and see the benefits Tezos provides compared to other crypto assets.

And once they see not only how quickly Tezos’ value is rising, and how quickly their staking rewards pile up in real-time, it increases the likelihood that investors dump more capital in the parabolic altcoin.

Featured image from Shutterstock

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.