In the crypto ecosystem, there is no such thing as a stable ground, we come across roller coaster ride in the crypto space. Agree?
As we are aware of the ups and downs in the crypto market, the price fluctuations still continue further. Are you thinking to invest in Tezos? Let’s take a sneak peek of Tezos (XTZ) price prediction. Discover where the Tezos coin price is heading in 2020.
Don’t fall into the trap. Analyzing the coins before investing is obviously a good idea.
Let’s peel the layers of Tezos price prediction.
Tezos Price Prediction
QUICK NAVIGATION :
- Today’s Price
- Fundamental Analysis
- Technical Analysis
- Price Prediction 2020
- Price Prediction 5 years
- Expert Perspective
- Our Prediction
- Recent Updates
|Tezos Price||[coins symbol=”XTZ”]|
|Market Rank||Rank 14 (At the time of writing)|
|Market Cap||[coinsMKTCAP sym=”XTZ”]|
|24 Hour Volume||$14,504,582 USD|
|Circulating Supply||[coinsSupply coinsym=”XTZ”]|
|Total Supply||801,312,599 XTZ|
Tezos was Developed by Arthur Breitman. Tezos also referred to as XTZ is a coin that is a multi-purpose platform that supports dApps and smart contracts. The platform’s main objective is to combine a self-correcting protocol and on-chain governance to manage network modifications. Additionally, Tezos uses delegated proof-of-stake (DPoS) and supports Turing complete smart contracts. It would be worth mentioning that, Tezos erupted into the crypto Land by collecting $232 million in their then record-breaking ICO.
Technical Analysis of Tezos Price
With the end of its ICO in July 2017, Tezos took few months to get listed on popular exchanges. Meanwhile, in October 2017, it was first started being listed on a major exchange. Soon after the tokens hit exchanges, the price immediately surged at more than 3 times its $0.51 ICO price. Further, until mid-November 2017, the XTZ coin price was hovering between $1.50 and $2.50. But within a few days, the coin recovered the loss and began to see huge growth as the market picked up steam.
At the end of 2017, i.e on Dec 17, 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 coin to suffer a bearish moment, by losing more than two-thirds of its value.
Further in 2018, besides a short growth of $6 on Jan 3rd 2018, the XTZ coin price suffered a drastic loss reaching trading value $2. Later the price was hovering between $2 to $3 until june. But, the Bears hit hard, the Tezos coin price sloped down to $1.65 in the mid of june and bearish phase continued till 2018 end with trading value below $0.476. Falling below its ICO price for the first time in November — before continuing to witness heavy losses in Q1 2019
By analysing the graph we can see that 2018 was a poor year for Tezos — as the Tezos price consistently fell week after week. Moreover, XTZ crashed in value the same day the platform beta version went live. As a result, it lost almost half of its value over a two day period.
Tezos Price Prediction 2020
If XTZ coin successfully enters 2020 with more than 2$, the more optimistic predictions imply that XTZ could take a massive rebound towards getting to the price of 8$, that way getting close to it’s an all-time high of 10$. But, if the bearish trends hit the market, XTZ coin shall remain to trade at 3$ in the best-case scenario or drop below 1$ again.
Price Prediction 5 years
As we can see that Tezos is a self-evolving platform, we may more likely expect the platform to survive the frequent dips. Further, being optimistic, With the adoption of Dapps and further developments, we may predict Tezos price might reach 14$ to 20$. Thus, we can assume that XTZ could take a rebound in the course of the next 6 years.
WalletInvestor website’s analytics claim that Tezos will experience a hard crash to $0.086 by 2020.
According to CryptoGround, in 2020, Tezos cryptocurrency will be $1.25.
DigitalCoinPrice predicts Tezos coin will reach up to $2.01 by end of 2020.
TradingBeasts believes that XTZ price will drop to $1.02 by end of 2020.
Based on the current XTZ price, we predict that Tezos may reach as high as $24 in coming years as the blockchain DApp industry explodes over the coming years.
As , Tezos is still in developing stage, thus a great deal of work needs to be done in developing its use-cases and demonstrating the potential of the technology. However, with DApp development has begun to pick up, and some genuinely promising features on the way, it may not be long before Tezos hits a turning point.
Considering all the things, Tezos certainly has the potential to grow in value over the next several years, but nothing is guaranteed. trade very carefully before you consider investing, as total losses are certainly within the realm of possibility.
Tezos Coin lists on OKEx
The OKEx exchange has revealed that it will start supporting Tezos (XTZ), an open-source platform for launching crypto tokens and applications.
Tezos Collaborates With Tokesoft
Tezos partners with Tokensoft to open its blockchain for legalized security tokens. Basically, the Tezos blockchain provides governance through bakers, resulting in higher transparency.
Huobi To Be Tezos Baker
Huobi announces to soon become a Tezos baker. The leading crypto trading platform also announces to support XTZ on it wallet.
Bitfinex Launched Tezos Pairs
Bitfinex announced to enable margin trading for Tezos pairs and Stellar pairs. As per the announcements, the margin trading will be enabled for Tezos pairs namely, XTZ/USD, XTZ/BTC and Stellar pairs namely, XLM/USD, XLM/BTC.
Tezos Listed On 2 Exchanges
Crypto.com adopted Tezos as the latest addition to its app. The platform is also implementing Tezos staking rewards for all its users. This news listing made a positive impact on the price growth of XTZ. The other exchange is Coinbase Pro who added Tezos to their platform on July 30.
What do you think of Tezos (XTZ) price prediction for 2020 and beyond? Will Tezos become the dominant platform for decentralized applications and smart contracts? What do you think the price of Tezos will be in the future? Share your thoughts in our facebook and twitter page