Friends, to be honest, I’m so tired of your praise for Ethereum. The forum is overfull of topics with similar comments about Ethereum. Besides, there are many interesting discussions which stay unnoticed. That’s why today I won’t talk about Bitcoin or even Ethereum (it’s surprising but true!)
In my point of view, nowadays there are some wild cards which are worth looking at carefully. One of the most intriguing ones is called Tezos!
I'd like to make it quite clear that I have never invested in this coin - in the ICO or on the exchange, on rises or after downfalls - but I always follow its news. Now I have the feeling that there comes a right moment to buy it. Why? Let's talk about this!
I'll start from the historical background of this company using news resources:
We all remember that incredible ICO of Tezos which collected 232 (!!!) million dollars - and those following the future of this coin know how its rate has fallen down due to some adverse events - complex and relevant legal issues, claims and conflicts among the holders, and so on.
Ironically, the project, who had been created to solve the management problems, didn't overcome the similar problems and get frozen for a long time. On this background, the coin was announced to replace bitcoin with the peak price of $10.50 in December 2017, and gradually fell up to $2.3 in July 2018 (almost 78 per cent!)
I think the explanation for those low prices is rather simple:
The investors of the Tezos cryptocurrency project have waited for a year to get their tokens - and the majority of them hastened to get rid of their coins. For example, Tim Draper, who had taken part in the Tezos campaign and had called himself a long-term holder of the tokens, said that people had started to sell coins because the token issue had taken more time than they had expected, and somebody perhaps had needed money. Besides, listing on XTZ had been exclusive for the exchange Gate.io, as a result, a relatively small number of transactions significantly impact on the price of the asset.
By July 8, XTZ had jumped back to $2,45 - the 100% jump in 48 hours - and since then its price almost hadn't changed.
My reflection on this topic made me think that this company is promising because Tezos is the only one token out of the top 20, which isn't on the Binance or other large exchanges. On the other hand, we all understand that tokens of such level and scale will list on many large exchanges - and they will cause a surge of liquidity. If we take into account other potentially positive factors such as the general growth of the market, this coin will significantly go up!
That's the recent illustration that the news about this coin is extremely positive:
"Winklevoss Capital family (owners of the Gemini exchange) has got Tezos in their portfolio"
What do you think about it? Let's discuss!
Thanks for the advice. It's really worthy article to look at.
Never thought of TEZOS as potentially asset in my busket, but I think it is worth to look at the project with detail.
