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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Top Trader: Tezos Cryptocurrency Can Surge 5-10x After 100% Rally in 2 Weeks

Tony "The Bull" Severino
Tony "The Bull" Severino
5 years ago
3 mins read
tezos cryptocurrency crypto

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Tezos is the cryptocurrency that has the entire market buzzing, after an astounding 190% rally took the price of the altcoin to a new high.

Despite such massive gains already this year, a top crypto trader claims that Tezos could still pull another 5 to 10x in the future as the hype around the STO market builds.

XTZ Keeps Soaring, But Can Still Do Another 5 to 10x From Here

Since the start of February alone, Tezos is up over 115%. Since the start of the year, the crypto asset is up over 175% year to date.

From the asset’s October 2019 bottom, Tezos has gained a massive 390%. And from the altcoin’s December 2018 bottom, it is up well over a staggering 1,000% ROI for investors who sniped the lowest possible low.

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

From a numbers perspective alone, it is easy to see why Tezos has the entire crypto market buzzing. Valuations across the speculative asset class are driven almost entirely by hype, and few have the hype surrounding them that Tezos does.

It’s helped propel Tezos into the top ten cryptocurrencies by market cap, and the asset is showing little signs of slowing down its epic rally.

In fact, the rally can continue, according to one top cryptocurrency trader.

According to the analyst, the trillions of dollars that may enter the market through an STO boom could help drive the price of Tezos as much as five to ten times higher than current prices.

Looks like Tezos is positioning itself to capture the entire STO market. If that's the case, it will be to STO's what #Ethereum is to ICO's.

It "can" go another 5-10x in this bull market. #Ethereum exploded in a similar fashion.

— Satoshi Flipper (@SatoshiFlipper) February 14, 2020

Security Token Offering Could Do for Tezos What ICOs Did for Ethereum

STO stands for Security Token Offering, and Tezos is a platform designed to launch such tokens, much like Ethereum was used for ICOs during the 2017 crypto bubble.

While the ICO market brought in billions into the crypto space, STOs are expected to attract trillions.

The theory is that if Ethereum was able to balloon to prices of as much as $1,400 per ETH token due to the ICO boom, then a similar STO boom could take Tezos to similar heights.

Tezos is currently trading at roughly $3.50 per XTZ token. At its bear market low, the asset was trading at prices around just 30 cents on the dollar.

Related Reading | Tezos Cryptocurrency Up Over 130% Year to Date, Analyst Warns Not to FOMO 

2019 closed at just over a $1 per XTZ token, and now the asset is already up 3 times that to over $3.50. The number ten cryptocurrency by market cap is now in price discovery mode, searching for its next point of psychological resistance before any pullbacks are expected.

And before a deep pullback occurs, the analyst expects another five to ten times more ROI from the soaring altcoin.

Featured image from Shutterstock
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Tony "The Bull" Severino
Tony "The Bull" Severino

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.

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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.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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