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Tezos (XTZ) is back on the radar as XTZ crypto pushes to the upside – but is Tezo’s price really about to hit a new all-time high?
With an XTZ
price jump to a seven-month high, Tezos is back in the spotlight, capturing the hype on crypto Twitter for traders and investors.
It’s time to explore the catalysts fueling this surge, what they foretell for Tezos’s trajectory, and one new meme coin that will outperform this cycle.
The Factors Behind the Surge In Tezos Price
A few pivotal forces drive Tezos’s price action. As Messari notes, a 46% rise in network activity this past quarter marks growing intrigue and involvement in Tezos’s ecosystem—often a sign of climbing prices.
Moreover, the rollout of Etherlink, an Ethereum-compatible layer 2 solution, has invited Ethereum developers to the Tezos fold, broadening its allure and supercharging its capabilities.
Strategic moves have also catapulted Tezos into the market limelight. Its inclusion in the Coinbase 50 index shines a global spotlight, boosting its visibility and liquidity.
At the Web Summit, Tezos co-founder Kathleen Breitman highlighted that “the parabolic rise in Bitcoin’s price this week reflects this lack of ambiguity in the U.S.”
With clearer regulatory skies in the US, altcoins like Tezos are about to pop off.
Tezos’s unique self-upgrading blockchain continues to be a distinguishing feature. With every XTZ holder having a say in network upgrades, Tezos puts its community in the driver’s seat. This democracy fuels engagement and ensures the network grows in tune with users’ needs.
Tezos Technical Analysis: What the Charts Say XTZ Price
From a technical standpoint, Tezos is showing promising signs of continued growth.
The recent price climb to over $1.29 before settling around $1.10 suggests resilience despite broader market fluctuations. 99Bitcoins analysts note that Tezos is poised to test the resistance level at $1.40, with a potential breakthrough signaling a bullish reversal.
Indicators like the RSI and MACD are flashing signals that Tezos might be slipping into oversold zones, hinting at a ripe buying moment.
Meanwhile, the tightening of Bollinger Bands whispers of a calm before the storm, possibly paving the way for a breakout.
DISCOVER: The Hottest Upcoming Binance Listings in 2024 Meme Coin Market
Did you miss the XTZ Price Pump? One New Meme Coin That Will Outperform Tezos
While XTZ Crypto deserves to be on your radar, Flockerz is becoming a top meme coin performer.
Known as “The People’s Meme Coin,” Flockerz ($FLOCK) quickly pulled in over $2.4 million in presale. Flockerz offers a unique vote-to-earn feature and exceptional staking rewards, reshaping community interaction.
Central to its design is Flockerz’s Flocktopia, a decentralized autonomous organization (DAO) that empowers every $FLOCK holder.
As it stands, 2.4 billion $FLOCK tokens (20% of the total supply) are available for presale at $0.0.0058862 each.
Equal shares of tokens are earmarked for marketing, aiming for global exposure and exchange listings, while 10% (120 million $FLOCK) is set aside for exchange liquidity.
Interested investors can purchase $FLOCK on the website with ETH, BNB, USDT, or a bank card.
Hold on, because the $FLOCK is taking off! Join it now. Follow Flockerz on X and Telegram.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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