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Tezos Price Prediction: Is It Worth Buying Tezos?

With the rise of ecological concerns, the attention goes more and more to the Proof-of-Stake blockchain. Tezos was one of the first to apply this consensus mechanism and moreover, was attracting users with its clear concepts and useful features. Despite its usability, the bearish trends of the market hit the XTZ token hard, and it made many people question if Tezos is a good investment or not anymore. Read our Tezos Price Prediction to understand more. 

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Tezos Fundamental Analysis

Project name
Tezos
Stock Symbol
XTZ
Current Price
1.431
Current Supply
932953192.29654
Official Website

Tezos is an open-source blockchain network for assets and applications that can upgrade themselves. It aims to facilitate the users to participate in the decentralized finance economy, building and deploying the dApps and taking part in non-fungible token projects. 

The project was launched by french engineer Arthur Breitman, who previously worked at Google. Together with his wife Kathleen Breitman they developed a network. Arthur has published a Whitepaper for the project back in 2014 under the pseudonym L.M Goodman, but only in 2017 with the support of the Tezos Foundation headed by Swiss entrepreneur Johann Gevers, the Initial Coin Offering for the project was held. The ICO raised around $232 million and was the most successful one of that time. Until now it is ranked as the seventh most successful ICO ever. 

Tezos is a self-amendment network, meaning that it can upgrade itself without the need to split into two different blockchains. It gives Tezos a big advantage as it eliminates the risk of splitting the community, which often happens once the fork of the network is suggested and also disrupts the network effects over time. The network also facilitates formal verifications. 

The Tezos network is vast and fast-growing and applies a Proof-of-Stake consensus mechanism. In fact, it was one of the first networks to use this consensus.

 The validators on the network are called bakers. To become a node validator one needs to stake at least 8000 Tez, known as a roll. If the person doesn’t have this many assets, they can still participate in staking by delegating their coins to the node operator. For each “baked” block backers receive 32 XTZs. After that, the endorsers are chosen to verify the last added block. They’re rewarded by 2 ZTX per verification. 

Stakeholders govern upgrades to the core protocol, including upgrades to the amendment process. Whenever the amendments are accepted by the participants can include rewards to the users that help improve the protocol. 

The project offers developers templates for building smart contracts, including repositories for creating non-fungible tokens. The project team has also created a fun and interactive tutorial to make learning the Ligo, SmartPy programming language easier for the developers. the smart contracts built on Tezos can’t be shut down or censored by third parties. 

Recently Tezos technology was used by the European central bank experiment exploring the possibility and feasibility of launching central bank cryptocurrencies. 

XTZ or tezzie is a native currency of the Tezos network. It is an inflationary coin with a set annual inflation rate. The newly issued assets are used for the rewards and contribute to the token inflation. 

Tezos Live Price Chart

At the beginning of August 2021, the price of the XTZ token was actively recovering from the bearish trend. On August 3 it was still trading for $3, by the end of the month the price almost doubled and the Tezos network coin was trading for $5.8.

The gaining continued in September, but on the 8th of the month, the XTZ coin suddenly fell to $4.3, and then pumped up from this dip, reaching $7 in just 3 days. In the next 2 weeks, the token was very volatile, trying to establish a new price position. At the end of September, the token price shrunk to $5.4 again and then followed the bullish trend of the altcoins market and reached $9.1 on October 3. While most of the altcoins established their new all-time highs, the Tezos coin couldn’t beat the record of 2017. 

The following market correction affected the XTZ too and its price chart started to decline. The asset was in a continuous downtrend for almost 2 months. On November 27 it was trading for $4.6 and in the next 24h jumped to $5.6. It was a temporary move and even though the price went up to the same level again after a short price correction, on December 13 the price went back to the level of $4. Both attempts to break through the resistance level at the end of December 2021 and at the beginning of January 2022 were not successful and the price stayed within $4-$4.4 till the middle of January. 

On January 22 the price of Tezos token suddenly dropped to $2.9 and stayed this low for almost a week but then returned to the previous level and even grew to $4.4 in the first week of February, but then dropped to the level of $3 and stayed there for around 3 weeks. 

The next attempt for price growth was at the end of March, but instead of establishing a new uptrend, the token went down from April 11. On May 12 when almost everything on the market got shaken the XTZ also dropped to $1.7, maintained this level for a month, and at the beginning of June reached a new low of $1.4. In the last two weeks, it was slightly bullish, but couldn’t demonstrate big gains and only reached $1.8. 

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Tezos Technical Analysis

Despite the fact that 100% accurate technical analysis for Tezos cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated XTZ buy-and-sell rating for selected timeframe. The summary for XTZ/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Tezos Price Prediction

Below we have collected the most reliable price projections for Tezos (XTZ) from popular forecast platforms.

Tezos Price Prediction for 2022

As of Tezos price predictions for the rest of 2022, there are divergent opinions. TradingBeast expects an upturn towards $1.4317, and PricePrediction.net echoes with ~$2.17512 by the year’s end. Other experts, for example, from WalletInvestor, are more pessimistic about Tezos’s future price, citing numbers downwards of $0.68688 in December.
Potential ROI: 0% Buy

Tezos Price Prediction for 2023

In their Tezos price predictions for 2023, TradingBeast’s forecasts the coin’s price to go above $1.74759 by December. Forecasting Tezos's future, WalletInvestor expects further growth, too, saying the Tezos price will reach ~$2.21805 by that time. On the contrary, PricePrediction.net keeps predicting Tezos price decline, quoting prices around ~$0.01431 in 2023.
Potential ROI: -7% Sell

Tezos Price Prediction for 2024

Tezos price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $1.6638–$2.46132 range (TradingBeast, PricePrediction.net), while WalletInvestor takes a different view and cites the possibility of the price reaching $0.41499 in December 2024.
Potential ROI: 6% Buy

Tezos Price Prediction for 2025

TradingBeast has only optimism in store for the 2025 Tezos price prediction, valuing Tezos at $1.72482 by the end of 2025. WalletInvestor agrees with a positive forecast and predicts, in turn, $2.59011 for the same period. On the other hand, PricePrediction.net’s team is more pessimistic — their Tezos price prediction for December of this year is just $1.24497.
Potential ROI: 30% Buy

Tezos Price Prediction for 2030

Speaking of long-term Tezos price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Tezos price will grow further and eventually reach $2.21805 by the end of the decade. TradingBeast’s price prediction for Tezos echoes with the projection of an uptrend to $2.58723. Despite this, PricePrediction.net’s vision remains not so positive, promising a downfall to $0.52947.
Potential ROI: 24% Buy
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Summary

As it can be clear from the analysis cited above, Tezos (XTZ) projections are rather contradictory. There is no universal consensus either about positive or negative future XTZ price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Tezos projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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