Market update: USD/JPY plummets after speculation of FX intervention
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By Crypto_Dec0ded · Posted
Tezos (XTZ) is expected to recover and reach around $2 by 2024. By 2030 the price of Tezos might surge to as high as $4.70, driven by adoption and technological advancements. Tezos is a groundbreaking blockchain platform that emphasizes decentralized governance and continuous protocol upgrades. Its native token, XTZ, is essential for staking, voting on protocol changes, and rewarding developers who contribute to its ecosystem, ensuring the platform remains adaptable and future-proof. Furthermore, Tezos was a trailblazer in adopting the liquid proof-of-stake (LPoS) consensus mechanism, offering enhanced flexibility and efficiency in network staking. For a more detailed analysis of Tezos' future price movements and what might be ahead, check out the comprehensive Tezos price prediction article. Overview Trading Views Tezos has seen a sharp upward movement leading into December, reaching highs close to $1.80. However, there has been a significant pullback over the last few days, with the price currently hovering around $1.40, indicating a correction after the recent rally. The price is testing support around the $1.40 mark, which could act as a potential floor if the price consolidates here. If this support level holds, we could see the price stabilize or start moving upward again, especially if market sentiment shifts back positively. Renowned crypto trader believes Tezos (XTZ) is primed for a breakout, with $2 on the horizon and $4 potentially closer than most anticipate – a move that could take many by surprise! Is Tezos (XTZ) a Good Long-Term Investment? Tezos could be a promising long-term investment, particularly during its current dip, with significant growth potential once the market enters a bull phase. The platform’s support for decentralized finance (DeFi), decentralized applications (dApps), and NFTs positions it as a valuable asset in the evolving blockchain space. However, it's essential to stay informed and base investment decisions on thorough research and analysis. What do you think about Tezos’ future? Is target achievable soon? -
By CryptoSniper · Posted
Few days ago, i made a price prediction analysis on $BGB that the token has the potential to hit above $5 this month. I just check and the token is currently trading above $3.25 and showing signs that it could continue it bullish trend and probably hit $5 in this December. The exchange have continue to introduce many use case for the token and if there could add BGB to every Poolx and give holders opportunity to stake the token then we could see above $5 -
By tradinglounge · Posted
GX URA Elliott Wave Analysis The Global X Uranium ETF (GX URA) provides investors exposure to the uranium sector, tracking companies engaged in uranium mining, exploration, and production globally. As nuclear energy gains traction as a cleaner power source, uranium demand could rise, positioning the GX URA ETF as an appealing opportunity for investors interested in the sector's potential growth. Daily Chart Analysis The GX URA ETF remains bullish from March 2020 when it began an impulse wave structure that finished in November 2021. We identified this rally as wave ((A)) of ((1)). A pullback followed from the top of November 2021 and finished a double zigzag structure at 17.66 in July 2022. We can identify this pullback as wave ((B)) or ((2)). Therefore, wave ((C))/((3)) started at 17.66 and should develop into an impulse structure toward $42-$57.3. Meanwhile, as the daily chart shows, the commodity has completed waves (1) and (2) of ((C))/((3)) and is now in wave (3). H4 Chart Analysis It appears wave 1 of (3) is incomplete yet. On the h4 chart, wave ((iv)) of 1 finished at 29.25 and thus, the current dip is expected to be wave (ii) of ((v)) if 29.25 continues to hold. A breach of that level will see us counting for a lower ((iv)) to 28.27 or even wave 2. In either case, price action favors upside continuation from the dip in both the short-term and long-term outlook. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!
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