Tezos (XTZ) Price Explodes

• Tezos (XTZ) recently experienced a 20% surge in prices due to a partnership with Google Cloud.
• The partnership will enable all Google Cloud customers to become Tezos „bakers,“ or network validators.
• Currently XTZ is in a small retracement, with upside targets at $1.5 and downside risk of $1.20.

Google Cloud Partnership

Tezos (XTZ) recently saw an explosive increase of 20% in price following a major partnership announcement with Google Cloud. This collaboration creates an opportunity for all Google Cloud customers to become Tezos ‚bakers‘ or network validators, which will help the open-source proof-of-stake blockchain onboard more institutions into the space. Additionally, the partnership will create Web3 applications leveraging Tezos blockchain technology alongside Google Cloud’s infrastructure and also provide mentorship and cost reduction program for startups in the Web3 sector as part of their new strategy.

Tezos Price Analysis

The news caused XTZ markets to explode, breaking local resistance levels that have been suppressing a rally for most of February and pushing prices up to $1.25 before settling around $1.396 (+/- 2.85%). The Relative Strength Index (RSI) cooled down from overheat but remains overbought at 68.4, whereas the MACD remains bullish reflecting this seismic move up in prices. From here on out, bulls are seeking for a clean break above $1.5 with an upside target of $1.65 (+17%) and downside risk at $1.20 (-14%). All things considered, this produces an XTZ Risk: Reward ratio of 1/24 – making it a good entry point for potential investors looking for lucrative returns on their investments sooner rather than later..

Altcoins With 10x Returns Potential

As XTZ may take some time to figure out where it wants to go next, Cryptonews analysis team identified some early stage projects that could offer huge returns on shorter terms such as Fight Out (FGHT), MovieBloc (MBL), Wanchain (WAN), Nervos Network (CKB), Ontology Network(ONT) & Ethereum Classic (ETC).


In conclusion, despite its bullish fundamentals and poised chart structure, it might take some time before we can tell whether Tezos can reach its upside target of $1.,65 (+17%) or not. In the meantime however there are many other projects that look set to deliver big gains faster if you are willing to do your own research and monitor them closely!

Google Cloud Partners with Tezos: Altcoins That Could 10x Your Money