While Tezos Price Explodes, These Lesser-Known Altcoins Might 10x
Tezos (XTZ) exploded yesterday with a sudden 20% pump.
This followed breakout news that Google Cloud has teamed up with Tezos Foundation to create Web3 applications.
The partnership will enable all Google Cloud customers to become Tezos "bakers," or network validators. Tezos sees this as a way to onboard more institutions into the space.
Tezos is an open-source proof-of-stake blockchain that has over 2.3 million funded accounts. The impressive project has seen major partnerships with Manchester United and McLaren.
Google Cloud will also become an XTZ baker and join existing bakers such as Ubisoft.
The new partnership will enable companies and developers to leverage Tezos blockchain technology alongside Google Cloud’s infrastructure.
Google Cloud will also offer mentorship to startups in the Web3 sector, alongside an infrastructure cost reduction program.
This comes as part of a new strategy at Google Cloud, which plans to continue partnering with "key players in the Web3 ecosystem" to drive development.
Tezos (XTZ) Price Analysis
Tezos markets exploded yesterday on the back of the bullish announcement.
A sudden pump saw prices soar 20% - hitting $1.25.
The jaw-dropping rally smashed local resistance levels that have suppressed an XTZ rally for most of February.
Now trading at $1.396 - a 24-hour move of -2.85%.
Tezos is in a small localized retracement, as XTZ bulls seek to form support at these freshly reclaimed heights.
The big candle saw the RSI overheat, although it has now cooled down to a calmer albeit still overbought 68.4.
This contrasts with the MACD, which remains bullish as it reflects the seismic move up.
Upside targets are within touching distance, bulls are seeking a clean break above $1.5. A move to touch the upper trendline of this channel would be desirable and could see a top of $1.65 (+17.77%).
The downside risk is close by too, providing much-needed reassurance to a potential break high at $1.20 (-14.35%).
Overall this produces an XTZ Risk: Reward ratio of 1.24 - a good entry for a potentially lucrative trade.
What other altcoins could offer better 10x returns?
Despite the bullish fundamentals and poised chart structure, it might take a while for XTZ to figure out where it wants to go.
As such, the analysis team at Cryptonews has identified the following early-stage projects that could offer huge returns in the shorter term.
Fight Out (FGHT)
Move-2-Earn made waves last year with projects such as STEPN setting out to monetize simple activities such as walking. But interest collapsed as STEPN’s unsustainable economics became apparent.
Fight Out plans to change that by delivering a complete monitoring system that can record any exercise from your time in the weight room to your hours down the Dojo.
With more than $4.6 million raised in a presale launched toward the end of Q4 2022.
The Fight Out app acts as a fitness-hub platform that enables the user to track, plan, and fine-tune their routines, sleep, and diet – within the bounds of a monetized in-app economy.
This will see users who join this new ecosystem accessing live coaching, training classes, PVP stat battles and a chain of physical gyms spread around the world.
The Fight Out team recently announced the launch of a lucrative referral promo link program. This gives users the ability to receive a 5% commission for signing up their friends!
All users need to do is go to the Fight Out homepage, connect a valid crypto wallet, and then click on the 5% referral link button.
This means every time someone buys the $FGHT token – you receive 5% of the purchase amount!
What’s more – this presale superstar is giving away $250k! Enter here.
With presale token prices increasing every 12 hours – don’t miss out on the future of M2E!
C+Charge ($CCHG) is a new cryptocurrency that’s shaking up the carbon credit industry.
This innovative start-up aims to take advantage of projected $2.4 trillion growth in the industry by 2027. And you don’t have to look far to see its relevance.
Up and down the roads, we’re seeing EV charging stations popping up for fleets of gleaming Teslas. And C+Charge is proposing a chance for everyday people to claim a slice of the pie.
The company offers a Peer-2-Peer (P2P) payment system for Electric Vehicle (EV) charging using blockchain technology.
With this system, EV drivers can earn carbon credits and profit from the industry’s growth.
Currently, only big EV manufacturers like Tesla are taking advantage of carbon credits. Why should these profits centralize in the hands of a few?
C+Charge aims to level the playing field and put these rewards in the hands of EV owners.
The pre-sale of the CCHG token is already underway, giving early investors a chance to get in on the ground floor of this eco-friendly project. There is also a $50k giveaway for early bird investors.
Join the C+Charge revolution today and be a part of a project that’s making a difference for the environment.
Don’t miss this opportunity to support a promising project that has the potential for big returns.
RobotEra is a GameFi project that allows players to design and build their own robots – taking them to battle in a variety of games and challenges, including races, battles, and strategy games, where players can put their robots to the test.
The platform allows players to earn rewards in the form of network native $TARO tokens, which are used to buy and sell virtual assets and settle platform fees and rewards.
RobotEra is currently in presale, an opportunity for interested investors to buy $TARO before it is publicly available for trading.
The presale offers TARO at a discounted price of 0.02 USDT per token, with a minimum purchase requirement of 50 USDT.
The presale has a limited supply of 90,000,000 $TARO tokens, and the first stage of the presale will end soon as whales are in an accumulation frenzy.
The presale is divided into two stages, with the second stage offering $TARO at a higher price of 0.025 USDT per token.
So, investors can get a better deal if they buy TARO during the first stage of the presale.
As of the time of writing, the presale has already sold 46,766,951 $TARO tokens – many gobbled up by shrewd GameFi whales.
Investors can purchase $TARO tokens during the presale using the link below.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.