intermediate
Tezos’s path of glory was not easy at all. However, despite all obstacles, the cryptocurrency was gaining momentum rapidly. Two years after the launch, XTZ has been listed on over ten giant crypto exchanges, including Changelly. We are going to examine XTZ closely and provide you with a comprehensive price prediction about Tezos cryptocurrency.
Tezos (XTZ) Overview: How Does It Work?
Tezos is a blockchain network for launching decentralized applications (dApps) and executing smart contracts. Access to the program code is open, and each user can participate in the system modernization.
The multi-stage architecture of Tezos allows users to update the network without hard forks. The system is divided into three modules:
The Network Module;The Transaction Module;The Consensus Module.
The code of the blockchain ecosystem is written in the Ocaml computer language, which makes it possible to independently update each of the protocol levels.
In 2014, Arthur (a former Morgan Stanley analyst) and Caitlin Breitman had an idea to create Tezos. To launch their project, they held a very successful ICO (Initial Coin Offering) in 2017 — the couple managed to raise $232 million, making it the largest ICO at that time. But due to internal problems, the implementation of the project was delayed. So, the coin never entered the exchanges at the appointed time. This caused panic among the investors, and several court proceedings were initiated against the project founders.
Arthur and Caitlin Breitman
In 2018, a beta version of the project was released, but it did not manage to save the situation. Deceived investors rushed to sell their tokens for a song, seeking to return investments, which caused the collapse of the exchange rate.
The developers had to catch up quickly. Network tests began in late summer 2018, and the coin was fully launched in the fall.
To date, Tezos is a cryptocurrency that eliminates key barriers to blockchain adoption by the world community. Among its features, the following are worth noting:
Intelligent contract security. At the institutional level, smart contracts are written in the
Michelson-oriented programming language, which guarantees complete security of transactions.
Possibility of a long-term upgrade. Tezos’s modular architecture and formal update mechanism allow the network to offer and implement new technological innovations seamlessly as they become available. Combined with the Tezos invoicing mechanism, these aspects enable the protocol to solve the branching problem without sacrificing the community consensus.
Open participation. Instead of miners, the XTZ cryptocurrency is earned by bakers.
The Liquid Proof-of-Stake (LPos) consensus algorithm allows each coin owner to participate in baking — this is what the Tezos network calls processing transactions and generating new blocks. In order to bake, you need to install a full node on your PC and submit an application on the official website. Bakers are rewarded with XTZ coins; in case of an attempt to cheat the system, sanctions up to deposit confiscation are imposed.
XTZ Technical Analysis
Now, let’s take a look at the traders’ and crypto enthusiasts’ opinions about the future Tezos trading opportunities. The data is provided by the crypto analytical source TradingView.
XTZ TradingView, December 1, 2021
Tezos Price Today | How much is XTZ worth?
The issue of tokens on the network is unlimited. They are created as new blocks are generated, but some of them are “burned” due to violations in validators’ work. According to the developers’ review of the XTZ crypto coin, another issue may also arise. It could occur if the baker sets himself a reward in coins when offering to update the protocol. If the change is approved and implemented, new tokens will be generated for it.
If you plan to buy some Tezos coins, an instant crypto exchange Changelly is the perfect option. Our platform offers you a way to buy XTZ with your bank card swiftly, safely, and with a minimum authentication procedure.
Tezos Market Price Predictions
XTZ is a promising digital currency whose price has a great potential to increase due to regular protocol updates, ecosystem expansion, and the acquisition of big partners. With the favorable state of the crypto market and the further development of the project, most crypto analysts expect that in 2022, the XTZ coin may be traded at an average of $3–$4.3. By 2023, the XTZ price is predicted to reach the level of $5–$6.5, and by 2025 — $7–$8.6.
Longforecast.com
According to the resource, the trading price of Tezos could reach the level between $8.37 and $9.31 during 2022. It also might be traded up to $180 by the middle of 2025.
WalletInvestor
XTZ’s cost is forecasted to rise from $9.53 to $11.92 in 2023 and from $24.61 to $37.88 by 2026, in accordance with WalletInvestor’s XTZ reports.
DigitalCoinPrice
Tezos’s price could show a significant rise, as claimed by the crypto analytical source. By the middle of 2022, XTZ’s price may touch a level of $30.
Tezos (XTZ) Price Prediction by the End of 2021
XTZ Price Forecast for December 2021
The forecasted Tezos exchange rate is $4.81 and $4.87 at the beginning and at the end of December, respectively. The XTZ trading rate for December may be $4.73, while the maximum cost is expected at $4.99 per coin, and the minimum may be $4.63.
Tezos Long-term Price Prediction
All the Tezos (XTZ) price forecasts presented below are based on the data provided by trusted crypto analytical sources.
It is projected that the minimum Tezos cost can be around $9.50 in 2022. The forecasted XTZ’s high in 2025 may be around $28.05, and the low may be $21.96.
Tezos Price Prediction 2022
Depending on global crypto market price moves, the Tezos cryptocurrency could perform spectacularly. By supporting solid smart contract terms, Tezos’s price could easily climb to $6.2 by the middle of 2022.
Tezos (XTZ) Price Prediction 2023
Over a period of two years, the token may rise in value and reach a maximum price of $12.89 by the end of 2023. However, investors should pay attention to any unanticipated factors. After all, no one predicted the pandemic!
Tezos (XTZ) Price Prediction 2024
The prognosis for 2024 indicates that the price of XTZ might be above $10 at the beginning of the year. This forecast is rather optimistic. However, everything can change drastically due to the crypto market’s volatility.
Tezos (XTZ) Price Prediction 2025
The price of Tezos may reach an all-time high of $20 in the middle of 2025. A number of cryptocurrency market enthusiasts fear that there could still be some ups and downs, which may not last much longer.
Tezos (XTZ) Price Prediction 2030
The XTZ price might be above $100 at the beginning of 2030. However, everything depends on the market and whether the bull run occurs. Moreover, the average Tezos trading price might reach $170 by the end of the year.
Should You Buy XTZ?
Today, Tezos cannot be called the most popular cryptocurrency, but in recent years, the coin has attracted the attention of investors. Neither politics nor economics can affect the blockchain structure anyhow, and the project management cannot make individual decisions. All these things considered, Tezos looks very attractive, although these features are inherent in many crypto projects. All updates are truly discussed by the project participants.
Crypto analysts see great potential in the Tezos cryptocurrency and believe it will find a place in the investment portfolio for long-term storage. Experts believe that in the future, both the demand and the price of this cryptocurrency will increase.
Will Tezos be a Good Investment in 2022?
In 2021, the project went on to more active development: protocol updates began to be carried out more often, and more partners appeared. If this trend continues, then in 2022–2025, we can expect a gradual increase in the coin’s price. It makes the Tezos cryptocurrency an interesting asset for the investment portfolio. However, it is of vital importance to do your own research before making any investment decisions.
FAQ
Is Tezos a Stableсoin?
Generally, Tezos is considered to be a rather stable altcoin that may be profitable for investors in the long term.
What Makes Tezos Special?
Even though Ether or other crypto projects may be more popular among developers and can offer more tools in 2021, the Tezos network has unique features: it wins in scalability and transaction speed. In addition, the XTZ ecosystem has a more advanced consensus protocol that can be updated quickly and, what is essential, without hard forks.
How Do You Make Money with Tezos?
In order to receive passive income, community members can delegate their XTZ to other bakers who are to return the coins with profit.
Does Tezos Have Smart Contracts?
The Tezos network has Turing-complete smart contracts and offers an opportunity to create decentralized applications (dApps).
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
