Tezos’s path of glory was not easy at all. However, despite all obstacles, the cryptocurrency was gaining momentum rapidly. Two years after the launch, XTZ has been listed on over ten giant crypto exchanges, including Changelly. We are going to examine XTZ closely and provide you with a comprehensive price prediction about Tezos cryptocurrency.
- Buy Crypto at The Best Rate
- Tezos (XTZ) Overview
- How Does Tezos Work?
- XTZ Technical Analysis
- Tezos Market Price Predictions
- Tezos Price Prediction 2022
- XTZ Price Forecast for November 2022
- December 2022: Tezos Price Forecast
- Tezos Price Prediction 2023
- Tezos Price Prediction 2024
- Tezos Price Prediction 2025
- Tezos Price Prediction 2026
- Tezos Price Prediction 2027
- Tezos Price Prediction 2028
- Tezos Price Prediction 2029
- Tezos Price Prediction 2030
- Tezos Price Prediction 2031
- Should You Buy XTZ?
- Will Tezos be a Good Investment in 2022?
- Is Tezos a Stableсoin?
- What Makes Tezos Special?
- How Do You Make Money with Tezos?
- Does Tezos Have Smart Contracts?
Tezos (XTZ) Overview
How Does Tezos Work?
Tezos is a blockchain network for launching decentralized applications (dApps) and executing smart contracts. Access to the program code is open, and each user can participate in the system modernization.
The multi-stage architecture of Tezos allows users to update the network without hard forks. The system is divided into three modules:
- The Network Module;
- The Transaction Module;
- The Consensus Module.
The code of the blockchain ecosystem is written in the Ocaml computer language, which makes it possible to independently update each of the protocol levels.
In 2014, Arthur (a former Morgan Stanley analyst) and Caitlin Breitman had an idea to create Tezos. To launch their project, they held a very successful ICO (Initial Coin Offering) in 2017 — the couple managed to raise $232 million, making it the largest ICO at that time. But due to internal problems, the implementation of the project was delayed. So, the coin never entered the exchanges at the appointed time. This caused panic among the investors, and several court proceedings were initiated against the project founders.
In 2018, a beta version of the project was released, but it did not manage to save the situation. Deceived investors rushed to sell their tokens for a song, seeking to return investments, which caused the collapse of the exchange rate.
The developers had to catch up quickly. Network tests began in late summer 2018, and the coin was fully launched in the fall.
To date, Tezos is a cryptocurrency that eliminates key barriers to blockchain adoption by the world community. Among its features, the following are worth noting:
- Intelligent contract security. At the institutional level, smart contracts are written in the
Michelson-oriented programming language, which guarantees complete security of transactions.
- Possibility of a long-term upgrade. Tezos’s modular architecture and formal update mechanism allow the network to offer and implement new technological innovations seamlessly as they become available. Combined with the Tezos invoicing mechanism, these aspects enable the protocol to solve the branching problem without sacrificing the community consensus.
- Open participation. Instead of miners, the XTZ cryptocurrency is earned by bakers.
The Liquid Proof-of-Stake (LPos) consensus algorithm allows each coin owner to participate in baking — this is what the Tezos network calls processing transactions and generating new blocks. In order to bake, you need to install a full node on your PC and submit an application on the official website. Bakers are rewarded with XTZ coins; in case of an attempt to cheat the system, sanctions up to deposit confiscation are imposed.
XTZ Technical Analysis
Now, let’s take a look at the traders’ and crypto enthusiasts’ opinions about the future Tezos trading opportunities. The data is provided by the crypto analytical source TradingView.
Tezos Market Price Predictions
XTZ is a promising digital currency whose price has a great potential to increase due to regular protocol updates, ecosystem expansion, and the acquisition of big partners. With the favorable state of the crypto market and the further development of the project, most crypto analysts expect that in 2022, the XTZ coin may be traded at an average of $3–$4.3. By 2023, the XTZ price is predicted to reach the level of $5–$6.5, and by 2025 — $7–$8.6.
According to the resource, the trading price of Tezos could reach the level between $8.37 and $9.31 during 2022. It also might be traded up to $180 by the middle of 2025.
XTZ’s cost is forecasted to rise from $9.53 to $11.92 in 2023 and from $24.61 to $37.88 by 2026, in accordance with WalletInvestor’s XTZ reports.
Tezos’s price could show a significant rise, as claimed by the crypto analytical source. By the middle of 2022, XTZ’s price may touch a level of $30.
Tezos Price Prediction 2022
According to the technical analysis of Tezos prices expected in 2022, the minimum cost of Tezos will be $1.05. The maximum level that the XTZ price can reach is $1.14. The average trading price is expected around $1.09.
XTZ Price Forecast for November 2022
Based on the price fluctuations of Tezos at the beginning of 2022, crypto experts expect the average XTZ rate of $1.05 in November 2022. Its minimum and maximum prices can be expected at $0.959904 and at $1.08, respectively.
December 2022: Tezos Price Forecast
Cryptocurrency experts are ready to announce their forecast for the XTZ price in December 2022. The minimum trading cost might be $1.05, while the maximum might reach $1.14 during this month. On average, it is expected that the value of Tezos might be around $1.09.
Tezos Price Prediction 2023
After the analysis of the prices of Tezos in previous years, it is assumed that in 2023, the minimum price of Tezos will be around $1.52. The maximum expected XTZ price may be around $1.81. On average, the trading price might be $1.58 in 2023.
Tezos Price Prediction 2024
Based on the technical analysis by cryptocurrency experts regarding the prices of Tezos, in 2024, XTZ is expected to have the following minimum and maximum prices: about $2.28 and $2.65, respectively. The average expected trading cost is $2.36.
Tezos Price Prediction 2025
The experts in the field of cryptocurrency have analyzed the prices of Tezos and their fluctuations during the previous years. It is assumed that in 2025, the minimum XTZ price might drop to $3.37, while its maximum can reach $4.00. On average, the trading cost will be around $3.46.
Tezos Price Prediction 2026
Based on the analysis of the costs of Tezos by crypto experts, the following maximum and minimum XTZ prices are expected in 2026: $5.80 and $5.04. On average, it will be traded at $5.18.
Tezos Price Prediction 2027
Crypto experts are constantly analyzing the fluctuations of Tezos. Based on their predictions, the estimated average XTZ price will be around $7.46. It might drop to a minimum of $7.25, but it still might reach $8.69 throughout 2027.
Tezos Price Prediction 2028
Every year, cryptocurrency experts prepare forecasts for the price of Tezos. It is estimated that XTZ will be traded between $10.96 and $12.79 in 2028. Its average cost is expected at around $11.26 during the year.
Tezos Price Prediction 2029
Cryptocurrency analysts are ready to announce their estimations of the Tezos’s price. The year 2029 will be determined by the maximum XTZ price of $18.86. However, its rate might drop to around $15.60. So, the expected average trading price is $16.05.
Tezos Price Prediction 2030
After years of analysis of the Tezos price, crypto experts are ready to provide their XTZ cost estimation for 2030. It will be traded for at least $22.07, with the possible maximum peaks at $26.95. Therefore, on average, you can expect the XTZ price to be around $22.87 in 2030.
Tezos Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Tezos’s price. The year 2031 will be determined by the maximum XTZ price of $38.47. However, its rate might drop to around $32.41. So, the expected average trading price is $33.56.
Should You Buy XTZ?
Today, Tezos cannot be called the most popular cryptocurrency, but in recent years, the coin has attracted the attention of investors. Neither politics nor economics can affect the blockchain structure anyhow, and the project management cannot make individual decisions. All these things considered, Tezos looks very attractive, although these features are inherent in many crypto projects. All updates are truly discussed by the project participants.
Crypto analysts see great potential in the Tezos cryptocurrency and believe it will find a place in the investment portfolio for long-term storage. Experts believe that in the future, both the demand and the price of this cryptocurrency will increase.
Will Tezos be a Good Investment in 2022?
In 2021, the project went on to more active development: protocol updates began to be carried out more often, and more partners appeared. If this trend continues, then in 2022–2025, we can expect a gradual increase in the coin’s price. It makes the Tezos cryptocurrency an interesting asset for the investment portfolio. However, it is of vital importance to do your own research before making any investment decisions.
Is Tezos a Stableсoin?
Generally, Tezos is considered to be a rather stable altcoin that may be profitable for investors in the long term.
What Makes Tezos Special?
Even though Ether or other crypto projects may be more popular among developers and can offer more tools in 2021, the Tezos network has unique features: it wins in scalability and transaction speed. In addition, the XTZ ecosystem has a more advanced consensus protocol that can be updated quickly and, what is essential, without hard forks.
How Do You Make Money with Tezos?
In order to receive passive income, community members can delegate their XTZ to other bakers who are to return the coins with profit.
Does Tezos Have Smart Contracts?
The Tezos network has Turing-complete smart contracts and offers an opportunity to create decentralized applications (dApps).
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.