Will Tezos save crypto democracy?
Table of Contents
- Will Tezos save crypto democracy?
- News and Factors that Can Affect the Price
- Tezos Price History
- Current Tezos Price
- Technical Analysis and Tezos Price Forecasts
- Tezos Price Prediction 2022
- Tezos Price Prediction 2023-2025
- Expert Predictions & Long-term Forecasts
- Cryptocurrency | Understanding the Basics
- What Is Tezos?
- How Does Tezos Work?
- What Is XTZ?
- Is Tezos worth buying?
- Will Tezos price go up?
- Can the price rise to $10?
- What is the future of Tezos?
- How can I buy Tezos?
With its liquid proof of stake and democratic on-chain, Tezos has the potential to bring back the true purpose of cryptocurrency: transparency and equality. No wonder that it managed to raise the whopping amount of $232 million during its ICO in 2017, one of the most impressive ones at the time.
Despite its ups and downs, Tezos has managed to remain true to its main objectives and gain the support of institutions, such as tZero, Enabling Future, BTG Pactual, and Alliance Investments.
With its strong development team, a market cap of about 4 billion dollars and ROI of 11147.3%, many believe that XTZ will soon reach its previous ATH of $9.12 and hit $10 per coin.
So let’s find out if that’s possible anytime soon!
News and Factors that Can Affect the Price
One of the latest news around Tezos is its partnership with Ubisoft. Ubisoft, one of the top video game companies globally, announced it would launch NTFs on Tezos.
In fact, as reported by the popular Youtube channel Altcoin Daily, XTZ has a bullish future thanks to this partnership, calling it a “big win” for Tezos: “Mainstream gaming giant Ubisoft becomes the first major gaming company to launch in-game NFTs. This is a huge milestone for crypto, for NFTs and gaming in general… Now the gaming giant will actually implement NFTs within one of its major franchises in a new initiative that runs on Tezos. This is huge for adoption and a big win for Tezos.“
Tezos Price History
Exploring XTZ price past performance can help us understand its potential. Tezos started with an impressive ICO and entered the second half of 2018 at around $3. The crypto winter that year led to a dip in prices, and XTZ ended 2018 at its lowest value of $0.35.
Fast forward to May 2019, Tezos recovered to around $1.8 and entered 2020 at about $1.35.
Tezos had a bullish start of 2020, reaching $3.62 and outperforming giants like BTC. In fact, the price of Tezos tripled between October 2019 and February 2020!
But due to the first coronavirus outbreaks in 2020, it crashed to $1.32. Tezos price recovered during the second half of the year, reaching a staggering $4.39 per coin.
Despite its ups and downs, Tezos has managed to stay in the top 50 cryptocurrencies in 2021 and experience different spikes in value.
On October 4, 2021, XTZ hit an all-time high of $9.12.
Current Tezos Price
Tezos price today (as of December 15) is $4.11, with a 24-hour trading volume of $349,028,733 and a market cap $3,774,866,508.
It is currently ranked #41, as per CoinMarketCap.
Technical Analysis and Tezos Price Forecasts
So will Tezos reach an average price of $10 per coin? Based on technical analysis, Tezos is riding along with the bulls.
Tezos Price Prediction 2022
If this bullish rally continues, it is expected for Tezos price to reach $10 and even $15 by the end of 2022.
Tezos Price Prediction 2023-2025
If Tezos keeps exhibiting higher lows and establishing global partnerships, technical analysis experts believe that it might be trading at $28 by 2023 and $38 by 2024. In the next five years, prices may race up to above $50 per coin.
A more bearish price prognosis, such as the one by CryptoGround, gives an average price of $9 per coin by 2025.
Expert Predictions & Long-term Forecasts
Based on Tezos strong fundamentals, experts at AltcoinBuzz believe that XTZ is a potentially profitable investment in the long term.
According to other bullish predictions, it is expected XTZ price to reach a maximum price of $100.
Cryptocurrency | Understanding the Basics
While we can’t speculate with price predictions, we can give you the fundamentals of Tezoz – something that can help its price spike to new highs in the next few years.
What Is Tezos?
Tezos is defined as a fourth-generation blockchain used for payments, decentralized applications and smart contracts. Some of the best functionalities of Tezos are its self-amending nature and decentralized on-chain governance.
This means that all XTZ token holders can participate in the decision-making process without risking hard forks – a feature that attracts numerous researchers.
As stated by the team: “Tezos takes a fundamentally different approach by creating governance rules for stakeholders to approve of protocol upgrades that are then automatically deployed on the network. When a developer proposes a protocol upgrade, they can attach an invoice to be paid out to their address upon approval and inclusion of their upgrade.”
How Does Tezos Work?
Tezos was proposed in 2014 by Arthur and Kathleen Breitman, and on its very first day, it grabbed the attention of crypto investors and researchers. Soon after its launch, Tezos employed two protocol amendments to make the process of staking and smart contract development possible. In fact, Tezos is the first cryptocurrency that popularised the process of staking or baking. According to data, over 5.61% yearly return on staked Tezos is possible.
Thanks to its unique features, Tezos now aims to expand, tokenize real estate and support different sectors, as well as to attract researchers globally. Of course, by increasing adoption, Tezos price may rise.
While we won’t complicate things with technicalities, we should also mention that many like the platform’s native language Michelson and its on-chain governance (meaning that protocol amendments are voted by users and implemented via self-amendment, avoiding the occurrence of hard forks).
What Is XTZ?
XTZ is the native token of Tezos. XTZ tokens are known as tezzies. Note that Tezos staking ratio is about 80%, which means that such interest can lead to further growth.
So what else do we need to know about Tezos and its place in the cryptocurrency market? Here is what people ask.
Is Tezos worth buying?
Yes, being a strong project in the crypto space, many investors consider Tezos cryptocurrency a valuable and good investment. Yet, always do your own research before investing in any digital currency.
Will Tezos price go up?
Yes, if Tezos manages to break its resistance level and keep its parabolic move, it is expected for Tezos to reach a new all-time high in the years to come. After all, the cryptocurrency market has shown us that everything is possible.
Can the price rise to $10?
Yes, as per the current trend, Tezos coin price can reach a trading price of $10.
What is the future of Tezos?
Despite the bears and bulls, all the in-house drama and ups and downs, Tezos is one of the most interesting projects in the cryptocurrency market. Its recent involvement and the announced partnership with Ubisoft may attract more XTZ investors and lead to a rise in XTZ’s price.
How can I buy Tezos?
If you think that Tezos is a good investment and believe its current price will increase in the future, then we have some great news. Tezos is available on major exchanges, including eToro. On eToro, you can buy/sell Tezos and numerous other currencies. Start now!