Xtz(Tezos)&Avax(Avalanche)&Bitcoin Analysis/25.02.22-Right perspective
First of all, I would like to thank my sponsors.You can follow them here.
The posts on this page are not investment advice .I am not a financial advisor. Just sharing my thoughts.
My motto is Keep things simple.
Follow the Trendlines, not the Headlines.
I will try to show you what I see.We will look at many altcoin analyzes.
If you are ready, shall we begin??
Remember! Buy the Fear, Sell the Greed.
fibonacci is my favorite love after my wife :D
I told you this sentence in my previous post.
small investor is afraid, big whales are not afraid :)
Bitcoin was at 35000 when i said that, from there big whales stepped in and its price was over 39,500. Unfortunately, there is no good news on the Russian side.I hope this war ends soon..If good news comes the price could go to our orange horizontal resistance 41.8800.42000 region very quickly.
Let's start with Bitcoin
Market Cap
$737,147,624,810
Currently Price
$38,862.85
Now we are trying to pass the 39000 level again, if we stay above 39000 it will be good for us.Our first target is 41,800-42,000 we can get a reaction from here.
by the way, I want to show you how the 0.618 fibonacci level, which I marked in green, works as a support.
as you can see small investors are still scared...with good news next month may be good for us.
source: https://alternative.me/crypto/fear-and-greed-index/
Next is XTZ (Tezos)
Market Cap
$2,754,940,973
Currently Price
$3.13
https://coinmarketcap.com/currencies/tezos/
Xtz(Tezos) is a coin I follow closely
You see how well our green support works.Our question is, do you think it might be doing the same upward movement? just like i drew :)
If the price stays above the yellow resistance zone we are now, our first target is to quickly break out to the orange resistance zone 3.8 with an increase as it did before.
Our resistance zones, 3.8-4,100-4,500 and 5,300 respectively.If there is a possible bitcoin drop, the 2,550 region will be waiting for us.
I want to give some information about XTZ(Tezos)
What Is Tezos (XTZ)?
Tezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers.
To learn more about this project, check out our deep dive of Tezos.
This open-source platform bills itself as “secure, upgradable and built to last” — and says its smart contract language provides the accuracy that is required for high-value use cases. According to Tezos, its approach means that it is futureproof and will “remain state-of-the-art long into the future,” meaning it can embrace developments in blockchain technology.
The technology underpinning Tezos was first proposed in a white paper that was released in September 2014. After a series of delays, the Tezos mainnet launched four years later.
Who Are the Founders of Tezos?
Arthur Breitman was the man who wrote the Tezos white paper — and in a nod to Satoshi Nakamoto, he wrote his works under the pen name L. M. Goodman. He argued that one of Bitcoin’s biggest failings was the lack of a governance process that invited contributions from the community who use the network — as well as the fact that new tokens couldn’t be issued through this blockchain.
He and his wife Kathleen founded a startup called Dynamic Ledger Solutions which was tasked with writing the code that would underpin the Tezos protocol. This company was subsequently purchased by the Tezos Foundation to ensure that it owned all of the intellectual property rights relating to the network.
What Makes Tezos Unique?
Although staking is common across blockchains, Tezos has a unique twist on this process. Participants can get involved with the network’s governance through “baking,” where they effectively stake 8,000 XTZ. This creates a financial incentive to act honestly.
Bakers are then tasked with voting on proposed changes to the blockchain’s code in a four-step procedure that takes approximately 23 days. Proposals that receive support from the vast majority of participants are put through their paces on a testnet for 48 hours and are fully implemented if they are backed by a super-majority.
Tezos is also unique because of how it has started to be used by high-profile businesses. In September 2020, it was announced that the French banking giant Societe Generale planned to use this blockchain for experimenting with a central bank digital currency.
Big cryptocurrency exchanges such as Binance and Coinbase have also unveiled support for Tezos staking, meaning users can receive rewards based on the XTZ that they hold. This is not a feature that’s seen too widely across digital assets.
Related Pages:
Read in-depth tech deep dives on CMC Alexandria
Discover which cryptos have recently been added to CMC
CoinMarketCap Blog: The latest features and analysis
How Many Tezos (XTZ) Coins Are There in Circulation?
Our data shows that 743,862,304 XTZ are in circulation at the time of writing.
A token sale for Tezos was held back in July 2017 — and during this ICO, a total of 65,681 BTC and 361,122 ETH was raised. At the time, this was worth $232 million, securing its place as one of the largest initial coin offerings ever held.
While 80% of this initial supply went to investors, 20% was split equally between the Tezos Foundation and Dynamic Ledger Solutions.
The mainnet’s launch was delayed by a series of lawsuits from some disgruntled investors, who argued that XTZ amounted to unregistered securities.
How Is the Tezos Network Secured?
Like other blockchains, Tezos uses a proof-of-stake consensus mechanism.
Anyone can become a validator and contribute to the smooth running of the network by making a security deposit. To incentivize honest behavior, rewards are given to those who work in the best interests of the blockchain — and those who act dishonestly risk losing their stake altogether.
source: https://coinmarketcap.com/currencies/tezos/
For more information you can visit the website.
Next is Avax(Avalanche)
Market Cap
$18,558,175,952
Currently Price
$75.52
https://coinmarketcap.com/currencies/avalanche/
There have been good buys from 65 strong support areas and now we have reached the level of 76, which I drew with purple, which is the thin horizontal support level.
If we want to rise, we need to spend time above 76.
Btw I'm thinking of increasing the analysis of altcoins day by day.
Those were my market comments today, thank you for reading.
See you again soon. I will be here after this.
Respects.
Fibonacci is great, and it gives us very good limits, I like it too. I hope to hear good news soon. Thanks for the very good information about the XTZ currency.