It has underperformed and ranged for years similar to BTC 2014-2016 or TSLA 2014-2020. It's currently set to breakout of a long term range it's been in for years and could go parabolic and finally regain some market cap it deserves. It's a solid Cryptocurrency with unique traits and fundamentals in the way it is mined and is decentralized like BTC and ETH. It's the only coin I've really been bullish on since BTC back in the early days, I believe it could easily 10-20x from this point.
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Forgot to add one of the biggest things to happen to Tezos that is sort of under the radar is Tezos being added to Grayscale (GBTC) which will bring institutional money flows into Tezos.
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Weekly candle held above the breakout, things are looking good for Tezos.
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Brutal sell off but the long term trend still holds, I think it's likely we'll see $20 by the end of the year or first quarter of 2022. Tezos is still the most undervalued crypto with a sound blockchain. XTZBTC Ratio is finally close to turning around on the daily time frame which will mean massive gains for Tezos, especially if btc is performing well. This coin is a sleeping giant.
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XTZBTC Ratio
XTZBTC Ratio