Tezos (XTZ) is Up by 130% in Year to Date; Still, Crypto Analyst is “not going to FOMO”
When crypto markets were down in the past year, Tezos had also some bearish trend but soon, it recovered and surged by nearly 300% from that low level.
Tezos has outshined most of the coins in the long-term bull run and declared as the top performer of the year 2020. Cryptocurrency is up 130% per year to date data while ranking at 10th position according to market cap. The coin is also included in the list of top performers of 2019.
As the coin is in the bullish zone for a long time, some people supposing that it will be down in the next days; it is time for selling, as normally happened in the crypto community. But a reputable crypto analyst is asking people not to FOMO as the price will further go up.
From the start of 2020, we have witnessed a bullish trend in the altcoin markets. The same is the case with bitcoin as BTC crossed the key figure of $10,000. But overall, altcoins are making progress rapidly rather than the digital gold.
However, all cryptocurrencies are making good moves but some are even outshining the others while rising in the upward direction. In this list, Tezos is positioned at the top and making a continuous outstanding bullish rally.
The coin started its bullish stand in 2019 when Coinbase listed the coin on the exchange. Investors attracted to it seeing its potential- due to its staking nature and the feature of decentralized finance.
When crypto markets were down in the past year, Tezos had also some bearish trend but soon, it recovered and surged by nearly 300% from that low level.
Josh Rager shared the chart via Twitter that witnessed a rise of 130% in the year to date performance. While commenting over the coin, he said that price will go much higher and it is not the time of FOMO.
Tezos is up over 130% in the past month
Can this push higher? – Of course, much higher
But based on the chart, I'm not going to fomo into this (at this point in time)
Certainly an asset I'm willing to buy on pullbacks for swing trades pic.twitter.com/iSRm7G3aNq
— Josh Rager 📈 (@Josh_Rager) February 11, 2020
Commonly, after such a parabolic move, people go for selling coins in FOMO. But the analyst claimed that the case is different for Tezos cryptocurrency. The claim is true to some extent as the coin has not yet gone down since the bullish move of 2019.
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