Tezos is an open source blockchain protocol for assets and applications that is supported by a global community of validators, researchers and builders.
Are you looking for a good time to buy Tezos? Or maybe you would like to know the future of your holdings?
We have you covered. In this article we give you brief information about the price forecast for 2021 and beyond. Let’s try to get some basic knowledge about Tezos.
|Market capitalization||$ 3,477,879,524.0000|
|Circulation supply||$ 764,873,788.8652|
|Trading volume||223.001.678.0000 USD|
|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 connected to a digital token called a Tez or Tezzie. Tezos is not based on mining Tez. Instead, token holders receive a reward for participating in the proof-of-stake consensus mechanism.
Tezos was developed by Arthur Breitman. Tezos, also known as XTZ, is a coin that is a multipurpose platform that supports dApps and smart contracts. The main goal of the platform is to combine a self-correcting protocol and on-chain governance to manage network changes.
In addition, Tezos uses DPoS (Delegated Proof-of-Stake) and supports Turing’s full smart contracts. It would be worth noting that Tezos broke into cryptoland by raising $ 232 million in its then-record breaking ICO.
Tezos Price Technical Analysis
With the end of the ICO in July 2017, it took Tezos a few months to get listed on the popular exchanges. In the meantime, in October 2017, it was first listed on a major stock exchange. Shortly after the tokens went public, the price immediately rose more than three times its ICO price of $ 0.51.
Until mid-November 2017, the price of the XZZ coin ranged between $ 1.50 and $ 2.50. But within a few days the coin was able to make up for the loss and began to see tremendous growth as the market picked up pace.
At the end of 2017, XTZ quickly gained momentum on the stock exchanges, rising to as much as $ 12.19, while Tezos’ market capitalization soared at massive proportions. In just a week, however, Tezos was one of the first coins to experience a bearish moment by losing more than two-thirds of its value.
In addition to a brief growth of $ 6 on January 3, 2018, the XTZ coin price suffered a drastic loss in 2018, reaching the trading value of $ 2. Later the price hovered between $ 2 and $ 3 through June.
But the bears hit hard, with the Tezos coin price falling to $ 1.65 in mid-June and the bearish period continuing until 2018 ended with a trade value below $ 0.476. Dropped below the ICO price for the first time in November.
Tezos continued to trade at $ 0.48 through early 2019. Plus, as the bears attacked, the price began to decline. Later the XTZ hit $ 1.65 in mid-May. However, the price fluctuated again. XTZ rose again to $ 1.70 in December. At the end of 2019, XTZ was trading at $ 1.35.
Tezos was generally optimistic in 2020. From a low price of around USD 1.25 in January, the top cryptocurrency moved steadily and reached an all-time high (ATH) of USD 3.6 (year-till date) at the end of February.
However, in March, XTD suffered a sharp drop in prices, which is why XTZ was trading at $ 1.25 in mid-March. Here it was at the end of the first quarter of 2020.
At the beginning of Q2, XTZ started rising until it encountered strong resistance of $ 3 in May. In a bullish fashion, the price rose dramatically to $ 4.28 by mid-August and continued to fall to $ 3.34 in late August.
Later, XTZ floated on. With the Bitcoin price rally widening, XTZ managed to trade at $ 2.50 by the end of November. By the end of December 2020, the price of XTZ had dropped to $ 2.
Tezos price prediction 2021
XTZ was trading at $ 2.04 early in 2021. On the positive side, XTZ continued to grow. Exponential growth is expected through 2021 due to in-depth development and launch. XTZ may trade well above $ 4 and further improvement may even be an option. In the best-case scenario, XTZ can exchange for USD 6 by the end of 2021.
Tezos price prediction 2022
XTZ could start 2022 at a price of $ 5.5. Later, the price could go anywhere between $ 6 and $ 7 through June. The price can go up if marketers focus on investing in Tezos. XTZ could stay stable at $ 6 with certain fluctuations over the year. By the end of 2022, Tezos could trade at $ 7.2.
Tezos 5 year price forecast
Since we can see that Tezos is a self-evolving platform, we can rather expect the platform to survive the frequent break-ins. With the introduction of Dapps and further developments, the Tezos price could reach $ 16. XTZ could bounce back over the next 5 years.
Tezos market forecast
According to TradingBeasts, XTZ is a strong long-term investment in cryptocurrencies. It could reach $ 9.01 by 2023.
According to DigitalCoinPrice, investing in Tezos is profitable. The coin will reach as high as $ 4.01 by 2024. The price might not improve in the future. Tezos will be valued at $ 5.28 in 2025.
According to WalletInvestor, XTZ is expected to increase nearly triple to $ 3.17 by the end of the year.
Our Tezos forecast
With the retail price of $ 2.04, Tezos initiated 2021. Tezos could reach up to $ 11 by the end of 2021 and reach around $ 15 in 2022. The blockchain DApp industry will explode in the coming years. As the popularity of the Tezos Foundation faucets grows, so does the number of XTZ holders. This Tezos Foundation faucet will also play an important role in future price movements.
Tezos certainly has the potential to grow in value over the next few years. It could be a good investment for the future.
Is Tezos a Good Investment?
Yes, Tezos might be a good investment if you’re looking to invest over the long term.
Will the Tezos price go up in 5 years?
Yes, the Tezos price could go up by 5 years. It could reach $ 15.
At what price will Tezos trade in the future?
Tezos could trade between $ 10 and $ 15 in the future.
Where can the Tezos be traded?
Tezos can be traded on exchanges such as Binance, Coinbase Pro, OKEx, VCC Exchange, and many others.
Will Tezos rise by the end of 2021?
Yes, Tezos could rise and hit $ 3 by the end of 2021.