Get started

Tezos

Ethereum Completes its "Merge". What's Next for ETH2?The much anticipated "merge" has happened on the Ethereum network as of last night - so far there doesn't seem to be any major shifts, although if you're an ETH holder you may have noticed a sharp drop-off in price as of this morning. (The market is down as a whole, but ETH took a bigger hit than most, as of today.) This pattern can be seen pretty often in the industry, where a technical upgrade or public hype often triggers a short-term rally as it gets close to the date, then a massive sell-off right after. (Dogecoin in particular tends to be very susceptible to this especially on Twitter, I've noticed.) While some attribute this behavior as "whale activity", it's usually a sign that ETH still has downward pressure in terms of price - experienced investors often try to time their liquidations by riding short-term hype cycles of clearly-defined dates, as seen here. While the merge was a momentous occasion for the chain for sure, now that it's over it's going to shift the attention of the project to a number of challenges that will likely determine the viability of ETH2 in the long-term. A few of them are: - Yesterday probably marks the beginning of the proof-of-stake era for the crypto industry, especially as we head further into the recession and staking rewards (interest rates) start looking more appealing as a place for people to park their money, longer-term. ETH has made that transition, but there are also already many competitors out there (Tezos, Cardano, Cosmos, TRON, etc.) that outperforms ETH2's staking rewards by a very large margin right now. (Though to be fair, ETH2 is still beating the banks, which still is trying to stay at near-0, despite the Fed's rate hikes.) - "The merge" is only 1 out of 5 steps (Merge, Surge, Verge, Purge, Splurge) until ETH2 is "fully done", which is estimated to take 6 years or longer. Gas fees won't be affected until their "sharding" upgrade is complete, which doesn't have a deadline as of yet. (Until then, most ETH apps will largely sit idle/abandoned since practical usage is just not possible right now.) 6 years is a very long time to sit idle, really. - ETH2 is currently not liquid (you're not allowed to withdraw from ETH2 accounts until they're "ready"), which makes it much more inflexible and risky than traditional CDs and bonds that have fixed end dates. This is likely to make it very unappealing for most investors out there who will need more clarity and stability in their returns, especially during bear markets. - Though in theory they are supposed to be independent, we don't actually know what sorts of after-effects ETH2 will have on Layer 2s and ERC tokens built on top of the original chain. Time will tell, but if the price continues to drop (which is likely at this point), we may start to see unintended effects start to pop up. (A lot of crypto projects "balance" their economy with the idea of the price always going up - but that strategy has already backfired in a number of projects already.) - ETH doesn't support on-chain governance systems (like Tezos - Vitalik was on record being against the idea for a very long time) so there is no way for people to know whether or not the outcomes of DAO or multi-chain votes were done with due-diligence or not. Many businesses and organizations will not participate in these activities until this is fixed. Until then, ETH holders will have to just get used to big decisions behind done behind closed doors. - What happens with the migration of miners in the ecosystem (ETH was the go-to in terms of mining profitability until now) will be interesting to see since this will be major shift in hash-power allocation in the industry as a whole. Bitcoin mining - due to its fixed supply - has a extremely high difficulty curve and very difficult to turn a profit on so most miners are unlikely to go there, either. It may be an opportunity for a lesser known proof-of-work chains to make its move. (Especially "useful" PoW projects like Gridcoin and Golem.) -- All in all, the merge came and went, as with like most technical upgrades in the past, the market didn't seem too concerned -- at least, not yet. Ethereum has the bigger challenge now of addressing use-cases and business concerns in order to re-attract the talent and resources that had fled the scene since its gas-fee problem started becoming all too apparent. Can it stay competitive among the proof-of-stake league that have had more time to refine their process? Time will tell.
Long
by RyanTanaka
5
XTZ at $1.66 as bullish momentum inflatesTezos price analysis shows a bullish bias trend XTZ prices have sought support at $1.64 Resistance for XTZ is present at $1.74 Tezos price analysis is bullish, with the XTZ/USD pair rising to the $1.69 level. The price action recently created a bullish engulfing candlestick pattern, which indicates that the bears are losing control. Currently, the price is just below the channel’s upper boundary at $1.74. A breakout above this level could see Tezos target the next resistance level at the $2.00 level. On the other hand, a failure to move past $1.74 may see the price pull back to test support at the $1.64 mark.
COINBASE:XTZUSD
by henryartem
Tezos - Wedge broke, but...Tezos Has been consolidating since it has broken the big descending wedge - And I would be bullish, if it wasn't because of Whale Money Line (on Trend Exhaustion) reaching a really high level lately. We still have time until those curvy high and lows reach the bottom of those curves (Very close!) and a breakout will be imminent. If it is to the downside - it will be just to retest some supports within a fakeout - Broken wedge target sits really high. Good buy spot.
Long
by TheSecretsOfTrading
Another Dip in the Market. What's the Silver Lining for Crypto?With inflation's end nowhere near in sight, the Federal Reserve this week announced more "tough times" ahead - indicating that they're likely to do more interest hikes for the rest of 2022. Inflation rates in the US right now sits around %8-10 - but since CPI reports exclude food and energy prices by design, the "real" inflation rate is likely a lot higher. Most people see the prices of food and gas rising in their own lives and are probably feeling more than what the "official" numbers say, at least. A lot have been said about what this means for the economy as a whole, but if you're a crypto investor the things to recognize are: - This is the first time in history that the Federal Reserve has increased interest rates during a recession - normally you lower rates as the economy dips to give it a boost, but the Feds have no room to do that since the rate was already at 0 for most of the last decade. The problem is much more severe than it is typically reported, especially in the wake of the COVID lockdown procedures that we have yet to experience the full effects of, yet. Some are predicting a market correction as high as 50-60% in stocks, 30-40% in real-estate. We don't know if it's going to go that high but there's no reason to think that it's going to improve, at this point. ("Brace for impact", as many have been warning for a while - it's finally coming.) - Increases in interest rates generally means borrowing is more expensive, which is likely going to slow down startup investments in the Web3 space, too. Crypto projects, VC/VC firms, and "thought leaders" in the space as we know now are likely to disappear in the next few years as access to cheap money dries out. - Crypto projects that have been heavily reliant on marketing to keep their prices up will likely tank with the fiat markets, because of its increased overlap with the mainstream economy. Even Bitcoin, Ethereum, Dogecoin, etc. may be in trouble since their notoriety may turn sour when the fiat markets tumbles further. (Being well-known is not an asset in this case, in other words.) - Currently the most popular crypto coins have no means of reacting to inflation rates (except for Ethereum, which will begin its staking services after the "merge" in September, in theory), so they may struggle to justify convincing people to HODL while the banks start to offer higher interest rates for savings accounts overall. Staking coins like Tezos , Algorand (ALGO), Cosmos(ATOM), are in better position to take advantage of these trends since they are, at least for now, outperforming the banks by a very large margin. - When the economy as a whole starts to get unstable the common wisdom is that money will flow into the USD. We don't know if that will happen this time - especially with the USD's credit rating outlooks having deemed "negative" by international agencies since 2013. We know that generally speaking, interest in crypto assets tends to increase in countries where its fiat currencies are less stable - but that often requires a breaking point in which the population loses faith in the banking system as a whole. Are we at that point, yet? - For crypto prices to stay stable, all it needs is about 1% of existing fiat money to maintain its current price. (The general economy is about a 100x bigger than the crypto economy as a whole right now.) But it's allocation, per coin, is not likely to stay even. Crypto will bottom out with the fiat economies, but only a select few coins are likely to make a comeback during the recovery process. Many crypto investors are banking (literally) on the general public losing faith in the fiat system as the market dips further, which will make crypto investments look more appealing. The most obvious "utility" for crypto right now is staking rewards - which are objectively outperforming the banks right now, but the bear market will also be a period for altcoins working on providing real value to its users to come out ahead. It's going to be a wild ride either way - good luck, folks. 🤞
BITTREX:DOGEUSDLong
by RyanTanaka
16
Tezos Retracts, Prices Remains in a Rising Channel above $1.67Past Performance of Tezos There are flashes of strength in Tezos' price action. However, despite the gains in the past trading week, buyers are struggling to shake off determined sellers. Currently, XTZ prices are within a rising channel with immediate support at $1.67 with caps at $1.85. The coin is inside the July 30 bull bar, a positive development for traders. #Tezos Technical Analysis Tezos is bullish and traders may load the dips above $1.67, based on the candlestick arrangement in the daily chart. Since prices are within the July 30 bull bar with support at $1.67, every low may offer an opportunity to double down with targets at last week's highs at $1.85 as prices trend inside the rising channel. Further gains with rising volumes above the previous week's highs may trigger more demand, lifting XTZ towards June 2022 highs of $2.33. Conversely, if bears flow back, forcing prices below $1.67 and May 2022 lows, XTZ could crash to $1.48 and even $1.20, or 2022 lows, in the short to medium term in a bear continuation formation. What to Expect from #XTZ? After double-digit losses from 2021 peaks, prices are recovering. The crypto market-wide recovery could prop up XTZ prices in the medium term, buoying bulls targeting June 2022 highs. These gains are, however, subject to how strongly prices break out from the rising channel. Resistance level to watch out for: $1.85 Support level to watch out for: $1.67 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Buy signal after significant downtrendTezos had a rough time in the bear market with the price dropping around -90% since the all time high of around $9.20 after significant downward pressure now is a possible good entry. Price is near the lows and for only the second time since the drop from all time high we have a full buy signal. There has been two advance buy signals on the way so if you have been following that system you should already have a leg in this trade. Things to note. We are still in a bear market so position sizing is important. There is a good chance this is just a bear market rally. The 3 day base is where I will be watching. Take a look at the related link below to see the previous advance signal post in this pair.
Long
by Cryptodontrading
ETH's "Merge" Coming Sep 19th - The Good, The Bad, The UglySo if you've been paying attention to crypto stuff for a while, you probably heard that Ethereum's big "merge" is coming on Sep 19th. They've been talking about it for a while but there's now at least a definite date. (And they're pretty good at making deadlines once they commit to a date, to be fair.) The switch from proof-of-work to proof-of-stake should be an improvement to most things for the most part, but there's a few things people should know: - The coin is set to become a deflationary asset, out-scarcity-tizing (is that a word?) the coin it's trying to beat, Bitcoin. This should, in theory, be good for current ETH/ETH2 holders but even according to the team this is something that'll happen over time, not right away. (I think this argument is a strategic one, personally - more explanations later.) - The merge won't solve ETH's scaling problems - the "sharding" improvements are planned to come later, the earliest mid-2023. The idea was for ETH to "burn" its existing supply in order to keep gas fees down but we don't know if this is going to work in practice. - The merge will effectively put all ETH miners out of a job, and many of them will forced to move over into other chains since mining will no longer be profitable on ETH2 as the "difficulty bomb" sets in. If you've noticed ETC going up a lot recently, keep in mind that that project has already been hacked 3+ times at the protocol level and can't be considered legitimate. (The fact that it somehow stays alive is still bizarre to me tbh.) I've been with ETH since 2014 so I've seen a lot of changes happen within the ecosystem over the years - but the community has definitely changed a lot since the NFT craze of last year - with more money comes more attention, and with that, more noise as well. Since there's not much happening on the chain these days most talks online has become more about beating Bitcoin rather than about product/technical achievements. Mid-term, I think ETH will do well financially since that seems to be its primary focus right now. All those big names that got in earlier this year probably are gonna do whatever it takes to make that happen. It's the development and cultural sides long-term that has me concerned since I feel like the more the BTC and ETH folks argue with each other they more they start to sound alike. I made a big leap from ETH to Tezos this year, after doing a lot of research on my end. Folks probably remember me shilling for Ethereum for a long time so the decision wasn't easy, but I felt it was necessary, at least for the things I'm interested in. - Tezos has been proof-of-stake since the very beginning of its launch and it has had time to refine its processes. Technologically, the Tezos stacks is far superior right now and ETH is going to have trouble keeping up, imo.) - The high gas fees basically made a lot of apps built on top of ETH useless and many devs/artists have already fled the scene. I'm skeptical if they're going to come back, even if they manage to fix the issues on the back end. Loss of trust doesn't come back easy. XTZ saw a big leap in chain activity last month while most other chains were still on the decline. - I think that the decision to not give ETH2 stakers a definite date of when they can withdraw their funds (probably the most annoying thing about the project right now especially since you literally can't do anything with ETH2 tokens atm) is probably unhealthy. This holding pattern allows for the project to manipulate economic outcomes artificially (acting as a quasi-government) at the cost of market legibility - which could make the asset more unpredictable long-term. - ETH still doesn't have on-chain governance and as far as I'm aware, has no plans to. You're basically trusting that the projects on top of it are doing things in good faith. Tezos, on the other hand, has voting and governance mechanisms baked in. (This is probably the biggest divergence between the two projects right now, imo.) - With Tezos I can get reliable staking rewards without having to have it locked up for an indefinite period of time, which seems like a much more reasonable deal to me, honestly. And I can actually use the coins for buying things I got caught up in things too, trust me - but as the world heads into a global recession (possibly a depression), everyone's probably going to have to tighten up what and where their money is going. The most obvious thing right now is interest rates - which proof-of-stake coins are well-positioned to take advantage of since the banks are still dragging their feet in regards to what it's offering to people in savings. Bitcoin is probably screwed, ETH is a (?), Tezos and other high-quality chains will probably do well. That's my hunch, anyway. I don't expect everyone to agree, but this is what my gut is telling me right now.
Long
by RyanTanaka
ETH's "Merge" Coming Sep 19th - The Good, The Bad, The UglySo if you've been paying attention to crypto stuff for a while, you probably heard that Ethereum's big "merge" is coming on Sep 19th. They've been talking about it for a while but there's now at least a definite date. (And they're pretty good at making deadlines once they commit to a date, to be fair.) The switch from proof-of-work to proof-of-stake should be an improvement to most things for the most part, but there's a few things people should know: - The coin is set to become a deflationary asset, out-scarcity-tizing (is that a word?) the coin it's trying to beat, Bitcoin. This should, in theory, be good for current ETH/ETH2 holders but even according to the team this is something that'll happen over time, not right away. (I think this argument is a strategic one, personally - more explanations later.) - The merge won't solve ETH's scaling problems - the "sharding" improvements are planned to come later, the earliest mid-2023. The idea was for ETH to "burn" its existing supply in order to keep gas fees down but we don't know if this is going to work in practice. - The merge will effectively put all ETH miners out of a job, and many of them will forced to move over into other chains since mining will no longer be profitable on ETH2 as the "difficulty bomb" sets in. If you've noticed ETC going up a lot recently, keep in mind that that project has already been hacked 3+ times at the protocol level and can't be considered legitimate. (The fact that it somehow stays alive is still bizarre to me tbh.) I've been with ETH since 2014 so I've seen a lot of changes happen within the ecosystem over the years - but the community has definitely changed a lot since the NFT craze of last year - with more money comes more attention, and with that, more noise as well. Since there's not much happening on the chain these days most talks online has become more about beating Bitcoin rather than about product/technical achievements. Mid-term, I think ETH will do well financially since that seems to be its primary focus right now. All those big names that got in earlier this year probably are gonna do whatever it takes to make that happen. It's the development and cultural sides long-term that has me concerned since I feel like the more the BTC and ETH folks argue with each other they more they start to sound alike. I made a big leap from ETH to Tezos this year, after doing a lot of research on my end. Folks probably remember me shilling for Ethereum for a long time so the decision wasn't easy, but I felt it was necessary, at least for the things I'm interested in. - Tezos has been proof-of-stake since the very beginning of its launch and it has had time to refine its processes. Technologically, the Tezos stacks is far superior right now and ETH is going to have trouble keeping up, imo.) - The high gas fees basically made a lot of apps built on top of ETH useless and many devs/artists have already fled the scene. I'm skeptical if they're going to come back, even if they manage to fix the issues on the back end. Loss of trust doesn't come back easy. XTZ saw a big leap in chain activity last month while most other chains were still on the decline. - I think that the decision to not give ETH2 stakers a definite date of when they can withdraw their funds (probably the most annoying thing about the project right now especially since you literally can't do anything with ETH2 tokens atm) is probably unhealthy. This holding pattern allows for the project to manipulate economic outcomes artificially (acting as a quasi-government) at the cost of market legibility - which could make the asset more unpredictable long-term. - ETH still doesn't have on-chain governance and as far as I'm aware, has no plans to. You're basically trusting that the projects on top of it are doing things in good faith. Tezos, on the other hand, has voting and governance mechanisms baked in. (This is probably the biggest divergence between the two projects right now, imo.) - With Tezos I can get reliable staking rewards without having to have it locked up for an indefinite period of time, which seems like a much more reasonable deal to me, honestly. And I can actually use the coins for buying things I got caught up in things too, trust me - but as the world heads into a global recession (possibly a depression), everyone's probably going to have to tighten up what and where their money is going. The most obvious thing right now is interest rates - which proof-of-stake coins are well-positioned to take advantage of since the banks are still dragging their feet in regards to what it's offering to people in savings. Bitcoin is probably screwed, ETH is a (?), Tezos and other high-quality chains will probably do well. That's my hunch, anyway. I don't expect everyone to agree, but this is what my gut is telling me right now.
Long
by RyanTanaka
XTZUSDTHello my dear friends In the time frame of 30 minutes, a compact movement has been formed. The Ichi Moko indicator has a negative lag! The price trend has reached an important range and it seems that with this momentum, breaking the downward channel from here is not very possible. If the price moves below the $1.65 range, it is likely to react by reaching the blue range. But the yellow range ($1,464) is more important in my opinion! Of course, part of the range's validity depends on the momentum of the corrective movement. It should be seen that the price will come out of compression from the bottom side or the long-term downward channel will break upwards!!!
Short
by FiboTech
Do you consider this chart bullish?Triangles are continuation patterns but ascending triangles acts very very often as reversal patterns. I've been eyen XTZ for days now but considering on how the daily it's shaping up I'm not sure I should long this so I'm waiting. Even because BTC is losing momentum and this relief really might be over as well. I bumped in many other patterns similar to this such as SAND and ENJ but at lower timeframes which might have effects on the daily (4h) they all have RSI in oversold zone so I'm very undecided. I think I'd pick ENJ if I had to choose one right now. In general SAND and ENJ present a rise in volume at the the possible breakout while XTZ misses that. This is a genuine question, what do you think people?
by Shotokhan
3
XTZUSDT Attemtping to break the 1D MA50*** *** For this particular analysis on TEZOS we are using the XTZUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Tezos is shown trading within a Channel Down on the log scale. It has been trading below the 1D MA50 (blue trend-line) since April 07 with only one very short exception (June 09/10). The Lower Low of June 18 initiated a rebound that has now yet again made contact with the 1D MA50. On a side note, that was our (achieved) target on our last Tezos trade in May: We've seen that even a break doesn't constitute a bullish signal. Also the bullish divergence on the 1D RSI (Higher Lows) has failed in the past. We may see a 1D MA100 (green trend-line) test if the MA50 breaks but still, the best buy (on the long-term) can be made if the price breaks above the 1D MA200 (orange trend-line). See how the Fibonacci levels have acted as Support/ Resistance levels since the October 2021 High. A 1D MA50 rejection targets the -0.236 extension (0.9368) while on the other hand a 1D MA200 break, sets in motion the filling of the retracement levels. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
2
Bear Market = Altcoin Season? BTC and ETH Losing Ground to AltsBoth stocks and crypto markets have been down in most of 2022 (largely due to inflation, rising interest rates, and talks of an upcoming global recession), but in the last month we've seen a few interesting patterns emerge: - Proof-of-Storage coins, particularly Chia Coin (XCH) and STORJ (STORJ) have seen very favorable gains. - The two major crypto coins, Bitcoin and Ethereum, has actually been performing worse than the majority of "altcoins" out there - a sign that crypto investors are reallocating their portfolios towards alts. - Weekends are usually when crypto investors typically make their move - and we see that coins that offer staking rewards (interest rates start to look more favorable during recessionary periods) have been gaining ground. (XTZ +4.5%, ATOM +4.5%, MATIC +3%) This is a PSA but beware of newly minted coins' "staking rewards" because a lot of them are based on the idea of certain assets (BTC, ETH, even fiat) always going up. When that inflow dries up, we're going to see a lot of services and platforms go through a LUNA-style collapse - if you don't DYOR carefully here, you may get caught up in the storm. Many coins that currently offer "staking rewards" have cut a lot of corners to keep up with last year's hype and is living on borrowed time. cobie.substack.com In theory, Layer-2 coins built on top of the EVM network operate independently of ETH's price, but we don't actually know all the details of what goes on behind the scenes - some of them may collapse just as well if their model has been reliant on speculative gains on ETH itself. (Something that the project teams will never admit to, even if true.) Time will tell whether it turns out this way or not, of if the Merge in August will stabilize or destabilize these economies as a whole. A lot of uncertainty in the big-name coins right now, either way - meanwhile, altcoins have been gradually chipping away at their lead.
Long
by RyanTanaka