Tezos Rockets to $3.75, Stabilizes Ahead of Market After Minor Selloff

A bit over a week ago, I revised my Tezos target to $5 for the week, and $10 for the month. I didn’t know what I was doing. I had just witnessed a 50% jump, though, from ~$2 to ~$3, and it made quite an impression upon me.

Now, just over a week later, XTZ is at it again. It sold off most of its gains earned late last week during a regulation worry selloff that affected the market, and has bounced back with a vengeance. Outperforming BTC, ETH, and even rapid growers such as Chainlink, Tezos is rapidly moving up the Coinbase.com top 10 list. See for yourself: https://www.coinbase.com/price

Tezos is up about 11%, currently, compared with improvements of 3% in BTC, ~2% in ETH, and only 1.25% in XRP. It seems as if the sky truly is the limit.

What’s next?

I have chosen to revise my February target to a reasonable level. I am going to call $5 by 3/1, which closely parallels my initial target. However, my annual target of $50 will remain the same. I’ll be explaining that position over the course of the next few days—it entails a market cap spike of about 20x current levels, but I believe there is a solid case to be made that the STOs are lining up because of the speed and security of the XTZ network. If this is the case, the market will grow rapidly over the next year.

I also need to revise my trading strategy. This all entails more research, and hence will take more time, but my general line of reasoning runs thus: I’ve made some money on this, have pulled out my initial investment, and am now essentially free to lose however much I want to of the “found” XTZ I find myself owning. The price of the token can be expected to double, but share count is expected to stay the same. Can I find a way to consistently, reliably, and safely increase share count? Follow me to find out.

My author site (find me on social media or anywhere else online, follow, buy a book, etc): https://www.thomasdylandanielauthor.com