NewsBTC
2022-02-23 20:47:04

Tezos Price Prediction: XTZ Up Nearly 80% From January Lows

Tezos (XTX) has had a tough few months, but things are looking up for this blockchain cat patent-pending coin. Unfortunately, after slumping to an all-time low at the start of January and then climbing back up over 80% by early February – it seems like there’s not much more room left in its recovery. The Tezos (XTZ) recovery has been nothing short of impeccable. The coin has come from six-month lows to report gains of over 80%. Moreover, it’s’s gone up almost threefold in just the last few weeks. At one point, XTZ was even testing $5. Related Reading | Fear Returns With A Vengeance Following $400B Crypto Market Crash While many coins feel the pressure due to increased tensions between Europe and America, Tezos has taken a significant hit. The coin has been down nearly 26% in the last 11 days and stands below key support at $3.2 and could potentially test further down towards medium-term supports at lower levels or even next weeks’ lows near 2 USD per XTZ. In response to politics changing rapidly across both regions of our world, investors may be giving pause before adding new currency onto their portfolios–especially ones that were once considered safe-haven assets like gold or dollars. The crypto markets are still choppy waters, and there’s no telling what might happen next. That said, we do need to watch out for XTZ because if buyers didn’t push the price above $3.2, that ...

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