Laggard of the crypto bull run, is Tezos poised for a breakout?
Coinhead
In most markets, tripling in just over four months would be a respectable performance. But with other cryptocurrencies like Dogecoin, Polygon and even Pirate Chain going parabolic, self-governing blockchain Tezos‘ 2021 performance can only be regarded as a bit of a disappointment.
Could that be about to change?
Respected Dutch cryptocurrency trader Michaël van de Poppe is among those who see the No. 34 cryptocurrency ready to make a move.
I’ve made this idea on #Tezos a while ago.
The idea still stands. pic.twitter.com/wpAxqFNL1x
— Michaël van de Poppe (@CryptoMichNL) May 1, 2021
#xtz #tezos has confirmed the EMA 20 Cross on a daily. 6,5(6,6) $ is the next target. pic.twitter.com/hS0Hx7xU8V
— Kierzcoin Crypto (@Kierzcoin) May 3, 2021
This afternoon Tezzies were changing hands at US$6.01, up 5.3 per cent from yesterday.
Aside from bullish price action, backers say a number of projects are materialising on the Tezos blockchain, adding value to the project, whose main claim to fame is its self-amending nature. Tezos holders vote on upgrades to the protocol, avoiding the need for contentious “hard forks”.
An NFT marketplace called Hic et Nunc launched on Tezos two months ago, a Uniswap-like decentralised exchange called QuipuSwap is in beta testing and Bender Labs last week unveiled its “wrap protocol,” a decentralised bridge between Ethereum and Tezos that allows for token swaps between the networks.
Wrap is a decentralized bridge between the Ethereum and #Tezos blockchains that enables anyone to wrap native #ERC20 & #ERC721 tokens from #Ethereum to native FA2 tokens on @tezos
❓But what does that mean❓
Find out in our latest blog👇https://t.co/HWF7VEjRZR#DeFi #Wrap
— Bender Labs (@BenderLabs_) April 29, 2021
The Tezos token landscape is exciting
New projects popping up each and everyday.
Inevitably, a few of these projects might not pan out well, but excited for the overall space.
I can feel the chatter, the excitement, the buzz in the #Tezos ecosystem right now.#DeFi #NFTs
— Cryptoverse Wars (@cryptoversewars) May 4, 2021
That said, not everyone is convinced.
You’ve underperformed in trading, sex, and life. Now meet tezos. pic.twitter.com/tjB8kP6PUj
— Jebus (@jebus911) April 26, 2021