Cryptocurrency Price Prediction

Tezos Price Prediction 2022: Will XTZ Surpass The $10 Mark?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Jun 3, 2022

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The project would grab the traction of a more extensive user base and could be the one that would show swift volatility to leave significant profits in the trader’s pocket. One among such projects that is safe, secure, quick, and has shown signs of positive volatility has been Tezos. 

After a very successful lawsuit and some lawsuits that led to a price decline, Tezos price flipped the bearish trend and rolled towards the north. So are you in search of a good time to buy Tezos? Or maybe want to know the future of your holdings? We got you covered. This article will provide brief information regarding the fundamentals, historical price actions, and XTZ price predictions for 2022 and beyond.

Overview

CryptocurrencyTezos
TokenXTZ
Price$ 1.4660
Market cap$ 1,310,387,198.0000
Circulating Supply 892,552,074.1926
Trading Volume $ 54,290,374.0000
All time high$ 9.1200 Oct 4, 2021
All time low$ 0.3505 Dec 7, 2018

Tezos (XTZ) Price Prediction For 2022 

Potential LowAverage PricePotential High
$3.29$3.875$4.4

The digital asset had commenced its trade for 2022, with its price at $4.352. While the digital asset had initiated a leg-up to $5.317, by the 5th of January. Turmoil in its price trajectory, pushed the price down to $3.799, by the 10th of January. Continuity in the downtrend, further took the price to $2.550, by the 24th of January. 

Thereafter, an uptrend took the price about 81.83% higher to $4.602, by the 9th of February. However, turbulence in the business resulting from geopolitical tussles and FED’s tapering, pushed the price down to $2.932 by February 24th. After a short-term leg-up to $3.536, the price of XTZ slid back to $2.910 by the 14th of March. An uptrend from then led to the quarter’s closure at $4.009.

Tezos’s (XTZ) Price Prediction For Q2

The price of Tezos (XTZ) has slipped back from its quarterly high of $4.055 and is presently hovering at $1.98. The Tenderbake update, which made its presence in the recent past will enable faster time to finality and improve scalability. The results of which could reflect by the end of the month. 

If XTZ’s price establishes firm grounds at $2.1, seeking impetus from which could help the altcoin rise higher. Following this, the price of the cryptocurrency could claim its maximum price of $2.49. Also, the coin could end at a minimum price margin of $1.79, settling on an average price of $2.12.

XTZ Forecast For Q3

 An influx of new users comes from collaborations and adoptions, resulting from the network’s strengths. Such as institutional-grade security, governance, energy-efficient algorithm, scalability, and smart contracts, could push the price to greater heights. 

Hence, XTZ can rise potentially to attain the maximum price of $3.425 with a minimum price of $2.42. Also, the average price of the coin could be about $2.93.

Prediction Of XTZ For Q4

 Growing positive sentiments in Q4 and a spike in volumes could push the price to higher levels. A bullish surge could help create the maximum price of $4.4. Conversely, the bears out-weighing the bulls could drag the minimum price to $3.29. Successively, factoring in the bullish and bearish targets, the average price could settle at $3.875

Tezos Price Forecast For 2023

XTZ continued to spike. By 2023, exponential growth is highly anticipated due to inbound development and adoption. In the best possible case, XTZ may exchange for $14.86 by the end of 2023. However, the price may drop below $7.998 if the bears rule the market. With average buy and sell pressures, the asset is anticipated to trade at $10.75.

Price Prediction Of Tezos For 2024

Because of Tezos’ layered architecture and explicit upgrade process. The network can be trained to provide and incorporate new advanced technologies after they become feasible. This may aid the coin’s popularity in the coming years.

Relying on its unique features, Tezos is anticipated to get the respective lowest and maximum prices in 2024. According to its fundamental study the maximum and minimum levels are expected at $12.978 and $6.861, respectively. Moreover, trading prices are projected to be $10.09 on average.

Price Trajectory For 2025

Tezos professionals and crypto fans are optimistic that Tezos prices will keep rising in the future. If the userbase of the network accelerates at an impressive pace. The network would also shake hands with bigger names in the business. In such a case, the price of XTZ might propel to a maximum of $22.29

On the flip side, ebbing prominence and stiffer competition amongst rivals could knock the price down to a minimum of $11.92. That said, constrained by the linear trajectory of price, the altcoin could settle at $17.04.

YearPotential LowPotential High
2023$4.07$7.513
2024$6.861$12.978
2025$11.92$22.29

What Does The Market Say?

Trading Beasts:

  Trading Beasts has changed its prediction for the price of Tezos. It now expects the protocol to hit a maximum of $2.27 by the end of 2022. On the contrary, trend reversals in the market would plummet the price to $1.42. And with average buying and selling pressures, it would end up trading at $1.85 by the end of 2022. 

The website has also made predictions for the long term, it expects the price to surge maximum of $4.84, by 2025. The firm foresees the average and minimum probabilities occurring at $3.87 and $3.29 respectively. 

Digital Coin Price:

  According to Digital Coin Price, Tezo’s price may reach a  maximum of $2.67 by the end of 2022. The analysts from the firm expect the minimum and average prices at $2.30 and $2.53. As per the forecast, the price of XTZ could hit a maximum of $2.99, by the end of 2023. And a maximum of $4.14, by the end of 2025.

Wallet Investor:

  As per the revised prediction of Wallet Investors. XTZ price is forecasted to hit a maximum price of $1,94, by the end of 2022. On the other hand, the firm expects a trend reversal to drag the price down to $0.408. That said, the token is expected to trade at an average price of $1.641 by year-end. 

Gov.Capital:

  Gov. capital has updated its price prediction for XTZ, the firm pins the maximum closing target for 2022 at $2.97. And the minimum and average annual closing targets at $2.18 and $2.56. The analysts from the website have also made predictions for the long-term. Consecutively, the maximum price targets for 2023 and 2025 are set at $8.07 and $19.11, respectively.

Click here to read our prediction of Harmony (ONE)!

Our Tezos Prediction

As the Tezos foundation continues to gain popularity, so will the number of XTZ holders. As per Coinpedia’s formulated Tezos price prediction, the Tezos Foundation will play a major role in future price movements. Tezos certainly has the potential to grow in value over the next several years. 

In succession, the price of XTZ could hit a maximum of $4.4 by the end of 2022. While emerging rivals and negative criticism could draw down the price to $3.3. Regular buying and selling pressures could settle the price at $3.8

What is Tezos?  

Tezos (XTZ) is a blockchain network linked to a digital token called a tez or a tezzie. Tezos are not based on the mining of tez. Instead, token holders receive a reward for participating in the proof-of-stake consensus mechanism. The term ”Tezos” is an ancient Greek word for smart contracts as per the developers. 

The platform is unique as it has worked from roots to give a better governance process than Bitcoin and Ethereum. The Tezos has its native token, XTZ, which could be used for holding, sending, baking, or spending. In addition, users could use the token to vote on network integrations.

Fundamental Analysis

Arthur Breitman developed Tezos. Tezos, also referred to as XTZ, is a coin that is a multi-purpose platform that supports dApps and smart contracts. Arthur Breitman prepared the white paper on the smart contract platform.

The white paper prepared for Tezo’sTezo’s network was intended to enable a better governance process. Previously, Arthur and his wife Kathleen launched a start-up known as Dynamic Ledger solutions that functions by creating an algorithm that would prop up the Tezos protocol. Interestingly, the tech firm was acquired by the Tezos foundation. 

The platform’s main objective is to combine a self-correcting protocol and on-chain governance to manage network modifications. Additionally, The altcoin uses delegated proof-of-stake (DPoS) and supports Turing complete smart contracts.

Finally, it would be worth mentioning that Tezos erupted into the crypto Land by collecting $232 million in their record-breaking ICO.

Historic Market Sentiments

With the end of its ICO in July 2017, Tezos took a few months to get listed on popular exchanges. Meanwhile, in October 2017, it was first listed on a major exchange. Soon after the tokens hit exchanges, the price immediately surged to more than 3 times its $0.51 ICO price. Further, until mid-November 2017, the coin price hovered between $1.50 and $2.50. But within a few days, the coin recovered the loss and began to see massive growth as the market picked up steam.

At the end of 2017, XTZ rapidly gained momentum on exchanges, spiking to as high as $12.19, while the Tezos market capitalization swelled to enormous proportions. However, in just one week, Tezos was one of the first coins to suffer a bearish moment by losing more than two-thirds of its value.

2018

Further in 2018, besides a fast growth of $6 on Jan 3rd, 2018, the XTZ coin price suffered a drastic loss reaching the trading value of $2. Later the price hovered between $2 to $3 until June. But, the Bears hit hard, the Tezos coin price sloped to $1.65 in the mid of June, and the bearish phase continued till 2018 ending with a trading value below $0.476. It Fell below its ICO price for the first time in November.

2019

Tezos continued to trade at $0.48 by early 2019. Further, the price started to plunge at the attack of a bear. Later on, the XTZ reached $1.65 by the mid of May. After that, however, the price resumed swinging. XTZ again climbed to $1.70 in December. At the end of 2019, XTZ traded at $1.35.

2020

Tezos has generally been bullish on 2020. From a low price of around $1.25 in January, the top cryptocurrency moved steadily to a record Year-Till-Date (YTD) All-Time-High (ATH) of $3.6 in late February. 

However, in March, XTD suffered a sharp price plunge; as a result, XTZ was trading at $1.25 in the middle of March. This was where things stood by the end of the first quarter of 2020.

By the beginning of the 2nd quarter, XTZ began to rise until it faced stiff resistance at $3 during May. On a bullish note, the price dramatically spiked to $4.28 by mid-August and plunged to $3.34 at the end of August. Later on, XTZ continued to hover. Due to the expansion of Bitcoin’s price rally, XTZ managed to trade at $2.50 by the end of November. By December 2020, XTZ’s price dropped to $2.

2021

The year 2021 seems extremely positive for Tezos, as the coin started its bullish rally from the very first day. Terra resumed its run in January with a trading value of $2. On a hopeful note, the coin dramatically started to accelerate. By the mid of March, the price of the coin surpassed $5 and continued to rally up to $8 till May. After the market crash, the price plunged back to $2.3 on Jul 22nd. 

The price made a parabolic move to clinch an ATH of $9.18 on Oct 4th. However, as bears took over the XTZ price action, it has undergone a steep fall. The protocol appears to be struggling to find a pace for the trend reversal. After it failed to gain strength around $6.29, the protocol underwent a correction of around $4.75 and ended up trading at the same zone by the year’s end. 

To read our price prediction of Quant (QNT) click here!

FAQ

Q: Is Tezos a good investment?

A: Yes, Tezos might be a good investment if you are planning to invest for the long term.

Q: What Makes Tezos Special?

A: Tezos triumphs in terms of financial performance and scalability. In addition, the XTZ environment offers an advanced consensus protocol.

Q: On which consensus mechanism does Tezos work?

A: Tezos works on the delegated proof-of-stake (DPoS) consensus mechanism. 

Q: Where can Tezos be traded?

A: Tezos can be traded on exchanges like Binance, Coinbase Pro, OKEx, and VCC Exchange amongst others.

Q: How high will the XTZ price climb by the end of 2022?

A: The price of XTZ could possibly climb as high as $4.4 by the end of 2022. 

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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