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Why Tezos Is The Gold Standard In Blockchain Governance

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The latest cryptocurrencies news show that the Tezos (XTZ) cryptocurrency crossed past a major resistance level and set the stage for a major bull run lately. The price went on rising and posted a 19-month high in the news yesterday, when XTZ was featured as one of the best altcoins out there. But do you know why Tezos is the gold standard in blockchain governance?

According to many experts, there are many Proof-of-Stakes (PoS) coins in the cryptocurrency market. However, Tezos is unique in many ways and no other altcoin achieved a similar growth. PoS is basically a system that is based on a consensus algorithm where the network achieves using distributed consensus. Therefore, the creator of the next block will be able to create a block based on the numbers of XTZ that he or she holds. The mining power is therefore equal to the numbers of the tokens the miner holds.

The reason why Tezos is the gold standard in blockchain governance is its unique model. According to Forbes, staking income resembles the interest income. For tax purposes, however, both of them are not treated the same. The Tezos blockchain FAQ shows many things that people should know about and read before purchasing this altcoin.

In that manner, Tezos provides its users with the ability to vote concerning the core protocol changes, facilitating self-amending blockchain. The holders have highly participatory voting rights.

The Tezos blockchain FAQ not only shows why Tezos is the gold standard in blockchain governance – it also shows how unique the staking model of the cryptocurrency is. Many analysts have spoken about this and confirmed the uniqueness of the altcoin.

One of them was Sydney Ifergan, known in the media as the Crypto Expert, who after seeing the Tezos blockchain FAQ, noted:

“Ultimately, the miner who is holding XTZ is hoping to retire rich. Every mining method has pros and cons, whether using specialized hardware, pool mining, or cloud mining.”

Meanwhile, the Tezos news today show that the XTZ price rally is not stopping. Today, we can see another 3% increase and a price of $2 for the altcoin, which managed to rise by more than 30% this month alone.

 

 

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Tezos News

Tezos Could Rally 40% In Coming Days After A Bullish Breakout

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The latest crypto news today show that the market saw a notable rally this Tuesday, as Bitcoin went above $7,390 and ETH overcame the $170 mark which was something unexpected for the biggest altcoin out there. All of this allowed altcoins like Tezos (XTZ) to gain some independent momentum - and according to analysts, Tezos could rally even more in the future and even outperform BTC's gains. As we can see, the momentum seen by XTZ may be just a hint of what is coming in the days and weeks ahead. Analysts are already noting that this coin broke above a key horizontal resistance which may give it room to rally even further. The altcoin also managed to break out of a bullish technical pattern that it had been establishing. All of this led analysts to claim that its next uptrend could be intense. So, Tezos could rally in the future and XTZ is trading well right now. At the time of writing, the Tezos news show that the coin is trading up by 19% at a current price of $2.08, which marks a massive climb from the daily lows of $1.65 that were set yesterday while the cryptocurrency was caught within an extended bout of sideways trading. Today's rally has allowed XTZ to outperform Bitcoin by more than 4%, which is a common trend today among many major altcoins. It now appears that the highly bullish crypto is breaking above the upper boundary of an ascending triangle which has been forming over the past few weeks. According to a popular analyst on Twitter, Tezos could rally soon and establish a bullish pattern. As he said while pointing to a chart:
“[Versus] USD we are peaking above the resistance of the ascending triangle.”
https://twitter.com/TeddyCleps/status/1247195128005046277 As for where all this could lead Tezos (XTZ), the opinions are divided. One analyst is noting that it could reach higher levels than $2, while others think that it can also clear $3 which would be an approximate 50% climb from the current price levels. In a recent tweet, the respected crypto trader Loma said that he will be trading the two aforementioned resistance zones, accordingly. All in all, Tezos' momentum may remain somewhat dependent on that of Bitcoin. Assuming that BTC is able to climb higher or remain stable in the days ahead, it is likely that XTZ could see a new extension of this uptrend.
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Tezos News

Tezos Could Use Alternative Blockchain For Trading Card Game

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Tezos could use another blockchain for the upcoming trading card game by Kathleen Breitman who is the co-founder of the company. Breitman told the Tezos community that her game could use an alternative blockchain rather than the Tezos one as we are reading in the tezos news below. What is also interesting is that the other co-founder of Tezos Arthur Breitman is not a part of the Tezos Technical Committee anymore, which was a piece of news that caught the attention of the entire community. As per the co-founder, Tezos could use an alternative blockchain for the upcoming blockchain-based trading card game despite the whitepaper of the game citing the use of the tezos native cryptocurrency. Breitman hasn’t decided yet for the platform for the game which means Tezos could use another blockchain for the purpose. Kathleen and her partner Breitman built the Tezos blockchain but it seems that she will not give up on the upcoming card game Emergents to the smart contract platform. Emergents as announced back in March and was described as a blockchain-based competitor for card games such as Magic and Hearthstone. The payments in the game were reported to be made in the Tezos native cryptocurrency XTZ. Now, this seems not to be the case as she said that she hasn’t decided on the platform for Emergents yet:
 “I haven’t decided on the platform for Emergents. The alpha doesn’t have a marketplace, it’s an alpha. The white paper doesn’t describe any feature that could not be satisfied with any other smart contract platform. I have an obligation to my investors to pick a platform with certain properties, and I am not bound to Tezos.”
The news comes during multiple other developments within the community. The primary was that Arthur Breitman left the platform's Technical Advisory Committee and stated that he ‘’bowed out from his already minimal activities after receiving veiled threats.’’ Both announcements made the community assume that due to the close connection between the platform and Emergents, the game will be built on the XTZ blockchain as well as according to the whitepaper. Another user wrote to Kathleen saying that she had a few other opportunities to state that the game will not be built on Tezos and finding out now is considered a slap to the face of the community.
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Tezos News

Tezos Cryptocurrency Follows Inverted Hammer Reversal Candle

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The tezos cryptocurrency has returned down to Earth after the skyrocketing since the start of the year. However, according to one crypto analyst, a  moon mission is next for the Tezos cryptocurrency after the inverted hammer reversal candle as we are reading in the tezos price news. A few other altcoins had a strong start of 2020 as Tezos did as the almost 200% price rally took the coin to as high as $4 before the recent market crash halved the assets down to their current state. Like most of the cryptocurrencies, Tezos dropped by more than 50 percent during the coronavirus pandemic crisis hit. The traditional assets such as the stock market and the gold also suffered record-breaking losses. The collapse of the prices took Tezos back to a dollar which is a 75 percent decline but the assets are quite strong and before the sell-off, Tezos will rebound quite fast. According to another crypto analyst, Tezos will do just that on the XTZ/BTC trading pair where the asset will start a massive moon mission against Bitcoin in the close future. The powerful move to the upside is expected to follow the inverted hammer candle which is a common reversal candlestick that looks like a hammer. The inverted hammer formations are often created when the open and close with the proximity upper wick at least twice the size of the candle body is left behind. The XTZ price action shows a defense level by the bullish investors and traders and the candle could tip off the analysts about what can they expect for the future price movements which could be a bullish momentum. This could signal that the buyers are outweighing the sellers and the XTZ price could soon start a reversal trend. The investors are also quite bullish on Tezos still. From the 2018 bottom to the recent peak, Tezos grew by value by more than 400%, reaching a reputation for providing huge profits for the crypto investors. The value helped the tezos cryptocurrency to enter the top ten cryptocurrencies by market cap and earned increased visibility with the investors and placed itself among the safer investment cryptocurrencies in the space. Tezos also offers an annual APY return in more XTZ tokens, tor everyone, that stakes their holdings on the blockchain.
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Bullish XTZ Charts Show Altcoin Could Skyrocket Soon

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The tenth biggest cryptocurrency Tezos (XTZ) is now trading at $1.67 price level, showing an increase of 6.07 percent. The traders on the market are bullish on this promising coin and are expecting it to skyrocket soon and show a 10-20 percent surge as we are reading the bullish XTZ charts and news below. The analyst Crypto Michael is bullish on XTZ and he shared his short-term expectation of seeing it rise by 10-20 percent to the 2,750/3000 Satoshi level which is about $2 at the current rates. The previously mentioned analyst is not the only one that is bullish on XTZ right now but the CryptoDog assumes that the coin will start pumping soon. The user Crypto White Walker also posted another one of the bullish XTZ charts. XTZ was listed on Binance and the coin got exposed to a bigger portion of the investors. Tezos Foundation’s portfolio is looking good these days after a number of restructuring strategies and efforts. The asset management strategies reduced the foundation’s exposure to crypto in a time when most of the cryptocurrencies crashed to new lows not seen in months. The Tezos Foundation played its cards well but this hasn’t provided a shield against significant losses for the coin. There were no survivors from the catastrophic COVID-19 economic crash. Tezos dumped about 68% below the $1.20 point before making a marginal recovery. If Tezos breaks beneath the trend line, the first major level of support is located at $1.40 provided by the .786 Fibonacci Retracement level in the long term. Beneath this, the support can be found at $1.30, $1.20 and $1.06 from the .886 Fibonacci Retracement Level. While the developments of the blockchain and baking protocols are expected to flourish, the short term charts are showing a different picture. The hourly candle crossed the 50MA line giving the major bearish signal towards $1.45 support level. The RSI oscillates in the bearish territory entering the selling level at 48. Tezos settled the outstanding class-action lawsuit after they calculated that the longer it takes to finish this process, the company will only lose more money. The long-running legal battle concerned the $232 million initial coin offering that was held in 2017 and there were some allegations that it was actually an unregistered securities sale.
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