Tezos Price Analysis – 1st December 2021
Tezos Price Analysis - 1st December 2021
Tezos Price Analysis – XTZ/BTC near all-time lows
XTZ/BTC sits near all-time lows with growing bullish divergence, which is suggestive of waning bearish momentum. Mean reversion targets could slingshot XTZ/BTC 3x over the next few months.
Tezos Price Analysis – Active addresses continue to make record highs
Monthly active addresses have continued to increase since January 2019 and have repeatedly made all-time highs.
Tezos Price Analysis – Technicals heavily bearish despite strong on-chain growth
The recent boom for DeFi related coins, and the related Tezos on-chain growth, has likely temporarily sucked buy-side demand away from XTZ in the near term. However, technicals for both the XTZ/USD and XTZ/BTC pair show bearish trend metrics.
Microsoft and Tezos looking for 100 ‘enterprise ready’ blockchain solutions in India
Management company Lumis Labs in collaboration with Microsoft India and Tezos India has announced the ‘Century Program’ - an enterprise blockchain startup program to “evangelize, curate and unearth” 100 enterprise-ready blockchain solutions.
Tezos Price Analysis – Smart contracts and dapps have yet to take hold
The recent boom for DeFi related coins has likely temporarily sucked buy-side demand away from XTZ in the near term. Nonetheless, announcements this week that the French Central Bank plans to experiment with Tezos for a Central Bank Digital Currency have bouyed the project - and network fundamentals reflect a nascent chain with rising daily transactions and increasing active addresses over the past year.
