Tezos is an open-source blockchain protocol for assets and applications backed by a global community of validators, researchers, and builders.
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. In this article, we will provide you the brief information regarding the price prediction of 2021 and beyond. Let us try to have some basic knowledge about Tezos.
Table of contents
|Market cap||$ 2,819,216,818.0000|
|Circulating Supply||$ 761,487,238.4646|
|Trading Volume||$ 492,779,832.0000|
|All time high||$ 5.5600 February 14, 2021|
|All time low||$ 0.3505 December 7, 2018|
What is Tezos?
Tezos (XTZ) is a blockchain network linked to a digital token, which is called a tez or a tezzie. Tezos is not based on the mining of tez. Instead, token holders receive a reward for taking part in the proof-of-stake consensus mechanism.
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’s 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.
Tezos Price Technical Analysis
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 started being listed on a major exchange. Soon after the tokens hit exchanges, the price immediately surged at more than 3 times of its $0.51 ICO price.
Further, until mid-November 2017, theXTZ 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, 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.
Further in 2018, besides a short growth of $6 on Jan 3rd 2018, the XTZ coin price suffered a drastic loss reaching the trading value of $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 the bearish phase continued till 2018 ended with trading value below $0.476. Falling below its ICO price for the first time in November.
Tezos continued to trade at $0.48 by early 2019. Further, the price started to plunge as the attack of bears. Later on, the XTZ reached $1.65 by the mid of May. However, the price resumed swinging. XTZ again climbed to $1.70 in December. At the end of 2019, XTZ traded at $1.35.
Tezos has been generally bullish in 2020. From a low price of around $1.25 in January, the top cryptocurrency moved steadily to 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 further 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 the end of December 2020, XTZ’s price dropped to $2.
Tezos Price Prediction 2021
XTZ was trading at $2.04 during the start of 2021. On a bullish note, XTZ continued to spike. By the year 2021, exponential growth is highly anticipated due to inbound development and adoption. XTZ may be trading considerably above $4 and further improvement may even be an option. In the best possible case, XTZ may exchange for $6 by the end of 2021.
Tezos Price Prediction 2022
XTZ might start the year 2022 with its price trading at $5.5. Later on the price might hover around $6 and $7 until June. The price may rise if the marketers focus on investing in Tezos. XTZ might remain stable at $6 with certain variations throughout the year.By the end 2022, Tezos may trade at $7.2.
Tezos 5 Years Price Prediction
As we can see that Tezos is a self-evolving platform, we may more likely expect the platform to survive the frequent dips. With the adoption of Dapps and further developments, Tezos price might reach $16. XTZ could take a rebound in the course of the next 5 years.
Tezos Market Prediction
According to TradingBeasts, XTZ is a strong long term investment ib cryptocurrencies. It might reach $9.01 by 2023.
According to DigitalCoinPrice, it is profitable to invest in Tezos. The coin will reach upto $4.01 by 2024. The price might fail to improve in future. Tezos will be worth $5.28 in 2025.
According to WalletInvestor XTZ is expected to surge almost by 3 times to $3.17 by the end of the year.
Our Tezos Prediction
With the trading price of $2.04 Tezos initiated the year 2021. Tezos may reach as high as $11 by the end of 2021 and might reach around $15 during 2022. The Blockchain DApp industry explodes over the coming years. As Tezos foundation faucets continue to gain popularity, so will the number of XTZ holders. This Tezos foundation faucet will also play a major role in future price movements.
Tezos certainly has the potential to grow in value over the next several years. It might be a good investment for the future.
Yes, Tezos might be a good investment if you are planning to invest for the long-term.
Yes, Tezos price might rise by 5 years. It might reach $15.
Tezos might trade around $10-$15 in the future.
Tezos can be traded on exchanges like Binance, Coinbase Pro, OKEx, VCC Exchange and many more.
Yes, Tezos might go up by the end of 2021 and might reach $3.