XTZ is making another run at it.
To think about why, let's take an extreme success case:
Say you hold ~550XTZ currently, and the price goes to $1000. Not only have you made almost 500x your initial investment of ~$1100, you're also pulling down dividends of about .1XTZ/day, or 36.5XTZ/year.
If you were to sell your dividend XTZ tokens, or transfer them to something like BlockCard you would make enough money from your initial staking investment to live a reasonably comfortable life almost anywhere in the world!
Most retail investors probably are aware of this gigantic potential upside, and from my observations over the past few weeks I'd argue that this is exactly why XTZ is moving up so rapidly. The market cap is now $1.5B.
ETH2.0 is going to offer staking, which will cut into the margins achievable by XTZ, unless XTZ actually ends up outperforming ETH in terms of practical use. However, the big question has little or nothing to do with the long-term.
My XTZ strategy is to buy when the price goes down, and hold. It's a long-term bull strategy, and I could lose a significant (to me) amount of money this way, but in my opinion the price is almost guaranteed to continue to increase as more companies adopt XTZ technology.
It seems that someone with deep pockets is doing algorithmic trading, and the price will thus continue to fluctuate unpredictably, but the overall trend is beyond clear at this point: retail investors see the value in an appreciating asset that pays compound interest. People want to hold this crypto. It makes them money. I didn't get in as early as some people did, but I do feel very confident that my investment will pay off in the end.
Long XTZ!
