THELOGICALINDIAN - The cryptocurrency accepted as Tezos has had a arch year appropriately far in 2024 afterwards finishing out 2024 amid the topperforming crypto assets of the year
But this year so far, it’s already up able-bodied over 130%. However, admitting the able showing, a arresting crypto analyst is admonishing investors, not to FOMO in afterwards such a able rally, and to instead be accessible to buy the dip.
Tezos Continues to Surge in the New Year, Up Over 130% YTD
The cryptocurrency bazaar is on blaze already again, led in allotment by a massive global blemish of altcoins.
The billow in altcoins additionally helped to actuate Bitcoin to new bounded highs, and on some exchanges has now set a new college high, aloft and above the celebrated October 2024 assemblage that set annal for one of the arch single-day surges in the asset’s adolescent history.
Related Reading | Altcoins Break Out Against Bitcoin After Six Months Of Sideways
But as Bitcoin begins to air-conditioned off, altcoins abide to backfire higher, ambience new highs with anniversary consecutive pump.
Among the best examples of this connected surge, is the cryptocurrency known as Tezos.
Tezos had a able assuming in 2024, afterwards a advertisement on Coinbase and fizz surrounding the crypto asset’s staking affection accumulated with the growing absorption in decentralized accounts acquired the asset to skyrocket.
Tezos was one of the few cryptocurrencies to abstain ambience a lower low during the aftermost above canal beyond the cryptocurrency market, and instead bottoming a ages or so above-mentioned in October at aloof 70 cents per XTZ token.
From that low, Tezos is up over 300%, and back the alpha of January 2024, Tezos has apparent addition 130% gain.
The billow in amount has acquired Tezos to go parabolic, as adumbrated by the emblematic arced fatigued on a amount blueprint from cryptocurrency analyst Josh Rager.
Rager says that admitting the skyrocketing prices in Tezos, now is not the time to FOMO into a position.
Tezos is up over 130% in the accomplished month
Can this advance higher? – Of course, abundant higher
But based on the chart, I'm not activity to fomo into this (at this point in time)
Certainly an asset I'm accommodating to buy on pullbacks for beat trades pic.twitter.com/iSRm7G3aNq
— Josh Rager ? (@Josh_Rager) February 11, 2020
Yes Or No to Cryptocurrency FOMO?
As the adage goes, what goes up, charge appear down, and afterwards an asset goes full-on parabolic, a able retracement about follows. Those who booty the adventitious to buy now could accept to accord with the accident of acute downside.
However, as acicular out, Tezos hasn’t been behaving like added cryptocurrency assets. The cryptocurrency alike begin its basal a ages advanced of added altcoins.
Related Reading | Global Altcoin Breakout Could Usher Return of Alt Season Crypto Riches
Had investors waited for addition low to booty a position, they’d still be cat-and-mouse for that low to be set, and would accept had to watch Tezos accelerate appropriate out from beneath their noses.
Those that happened to bolt the Tezos buck bazaar basal aback in December 2024, would accept bought the asset at aloof 30 cents on the dollar at the complete low.
From that price, Tezos has acquired aloof beneath 850% in value, assuming that sometimes FOMO can aftereffect in massive returns.
