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cryptocurrency altcoin tezos
Nexo Logo

This Top 10 Cryptocurrency is Surging 24%, And It’s Showing No Signs of Stopping

Tony Spilotro by Tony Spilotro
3 years ago
in Cryptocurrency news
Reading Time: 2 mins read
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The cryptocurrency known as Tezos is among the year’s best performers across the crypto market so far in 2020 and is showing no signs of stopping.

In the latest move, Tezos exploded by another 24% before a slight pullback. Can the Tezos rally continue, or is an end to the monstrous rally finally in sight?

Tezos Adds 24% More Gains Intraday, Reaching 190% Year-to-Date

From the January low to the current high, the cryptocurrency altcoin known as Tezos has grown by over 190% – in just over a month.

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Year-to-date, it’s among the crypto market’s top-performing altcoins, easily besting even Ethereum’s rally where the asset doubled in value in less than 40 days. The latest move added to Tezos sizable returns, with another 24% surge on the day.

Related Reading | This Cryptocurrency Is Up Over 130% YTD, But Analyst Warns Not to FOMO

The cryptocurrency is also up nearly 400% from the bottom it set back in October 2019. The rest of the crypto market went on to set a lower-low in mid-December, which Tezos went on to set its first higher low – the first sign an uptrend is forming.

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And an uptrend did indeed form, one that took the price of Tezos to new highs.

As if nearly 400% returns in a matter of four months wasn’t enough for holders of the altcoin asset, the cryptocurrency is also up well over 1,000%, bringing back deja vu of the alt seasons that would occur prior to the crypto bubble popping.

XTZ Altcoin To Be Top Performer In Next Cryptocurrency Bull Run

Tezos’ insane rally is just one of many signs that the crypto bull market may finally be back. During that time, it wasn’t uncommon to see dozens of altcoins each at 1,000% or higher gains.

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The wealth generated during this time was the trigger that caused FOMO to surge across retail investors, who flocked to the asset class.

If this happens again, Tezos is only getting started.

And while analysts were warning that the asset had gone parabolic and to not FOMO into a rally this late, those that didn’t take the advice are up another 200% since the warning was issued.

Related Reading | Altcoin Market Following Early Bitcoin Path Could Lead to Life-Changing Wealth 

Tezos early has significant momentum behind it and is now in price discovery mode. There’s no telling just how high the asset could trend, but given how powerful the recent parabolic rally has been, there’s likely to be at least a sizable pullback in the days ahead for holders of the explosive altcoin.

At over 1,000% returns from the absolute bottom, FOMOing into Tezos is a tough call – but buying the next dip may be wise if the next bull run truly is beginning, as it’ll be led by new altcoins like Tezos, Link, and many others.

Featured image from Shutterstock
Tags: altcoincryptotezosXTZ
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

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