Tezos XTZ Price Prediction 2019

XTZ price prediction 2019-2020

The infamous Tezos was developed by ex-Morgan Stanley analyst Arthur Breitman. It took two weeks to gather around $230,000,000 both in Bitcoin and Ether contributions, which put Tezos to the biggest ICOs ever in terms of raised funds.

It took a long time for the project to start after some scandalous legal issues, including claims from U.S. Securities and Exchange Commission (SEC) and the step-down of Johann Gevers. Tezos Foundation hired professional auditors from a well-known PwC company to resolve all current and upcoming issues in the legal field.

However, Tezos made it out good in late 2018 and released the mainnet on 17th of September. The developers’ activity and the recent ~90% increase in value (after the Athens A proposal was approved lowering the staking deposit to 8,000 XTZ and increasing the gas limit) raised our concerns about Tezos price predictions for 2019 and further years.

Tezos Mainnet Commits Activity Chart on Gitlab
Tezos’ blockchain development is very productive according to their mainnet gitlab statistics, the snapshot data range is from February 08 to April 08 2019.

What is Tezos (XTZ) Coin Value?

Tezos codebase is written and operates on OCaml, a functional programming language. It is platform for decentralized applications and smart contracts.

Tezos coin ticker is XTZ, and it’s mining process called “baking” with a Delegated Proof-of-Stake consensus implementation which includes a “witness” who verify the baked blocks for economic incentives. Bakers must deposit (or gain it from other XTZ holders) of at least 10,000 XTZ to be active in the process of signing and publishing blocks.

Tezos vs. Ethereum

According to the project’s white paper the algorithm behind the Tezos blockchain is referring to the Vitalik Buterin, Ethereum founder, work on a punitive proof-of-stake consensus called Slasher. Still, Tezos has its distinctive feature – self-amending blockchain with decentralized voting for new proposals.

Take a look at what cycle each protocol proposal have to pass in order to be approved. So there is no need for forks or hard forks in the Tezos blockchain, it just happens automatically with the approval from a majority of XTZ holders.

Worth mentioning, Tezos’ programming language for dApps differs from Ethereum Solidity in the formal code verification which mathematically proves that the written code complies with the protocol properties and helps developers to avoid crucial errors which, for example, resulted in stolen funds during Ethereum DAO hack in 2016.


Read about Ethereum Price Prediction for 2019


Despite the obvious progress in the development of the project, Tesos has a lot to do in order to catch up with the leaders among the dApp platforms. Although the nature of decentralized governance is attractive to many crypto enthusiasts, the Tezos community must go through a growing phase and prove its effectiveness in decision making.

Tezos (XTZ) Price Predictions 2019

Before we begin, let’s examine the price rise of XTZ after the Athens A proposal was approved at the first cycle of Tezos’ amendment process.

Tezos (XTZ) Price Rise in March 2019
Tezos price chart on Coinmarketcap.com, from Jan 22 to Apr 10 of 2019.

The staking deposit decrease, increased gas limits and the first community-driven development proposal all together brought Tezos coin price back from $0.4 to $1.08 USD (token price at the moment of ICO sale was 0.47 USD).

The highest price of $12.19 USD was reached on the 17th of December 2017 when all crypto market was rising in the biggest cryptocurrency bull-run.

Good News For Tezos

Undoubtedly, there will be more difficulties and opportunities for Tezos price to grow, like some recent events with a positive impact on XTZ price.

Kraken added XTZ trading pairs with BTC, ETH, USD, EUR and CAD

Binance added Tezos to their Trust Wallet
This may lead to XTZ listing on the Binance exchange and most of the time it skyrocket the price.

Coinbase Custody announces the launch of Tezos ‘baking’. This is huge for Tezos as it could bring big investors attention to the coin.


Read about Changelly & Tezos Partnership


Tezos Price Predictions Experts View

The TradingBeasts expect a slow and steady price grow to reach the range of $1.03 USD per coin at the end of 2019. According to the recent local price maximum of $1.06 this prediction has to be adjusted.

WalletInvestor’s expect the XTZ price to crash in 2019:

The price of Tezos may drop from 0.981 USD to 0.182 USD. The change will be -81.430%.  

This could be true if the situation with U.S. SEC won’t be resolved in favor of Tezos or the cryptocurrency market trend will change again to bearish.

Conclusion

There is no obvious reasons for the XTZ price fall for now. We expect a certain price correction after the recent rise, possibly to the range of $0.6-0.7. It is a good opportunity to buy XTZ since the project has just begun its active development on their mainnet and will continue to generate its technological and market value.

In the last quarter of 2019 we expect the Tezos price to be in the range of $1-2 depending on the upcoming news. Still, this is the altcoin without mass adoption as a dApp platform and the competition is high here.

Only the bullish continuous trend for all cryptocurrencies could lift the price above the ATH level of $12. Current Tezos price is $0.99.

11 comments

  1. If we see another bull market, expect minimum 20X, so $20 will be conservative. Also that $11 ATH was pretty fake on a tiny exchange with extremely low volume (think a few thousand dollars trading).

  2. Also let’s not forget that Coinbase just announced XTZ baking/staking for institutional investors… guess what happens next? Coinbase will list XTZ… that should be good for 20-50%. Eventually it will hit binance, bittrex etc… that will be another 50%… then understand that Tezos is *already* what Cardano is trying to become, except Tezos is 1 – 2 years ahead of Cardano development wise. ANd Cardano right now is $2B, Tezos $700M, so there’s another 2.5X.

    So 2.5X + 20x in next boom market = 50x. I predict $50.00+
    BOOK IT!

  3. That ATH of 12$ is a joke. All XTZ prices before July 2nd, 2018 were set on HitBTC which traded “Tezos Futures” on their platform. The price of these Tezos IOUs was comletely under control of HitBTC. They never declared how many Tezos IOUs they would sell (or bux back).

    The real ATH of Tezos was at around 2.45 somwhere around July 19th, 2018.

  4. Gevers was not a co-founder..everything you have stated are nothing but lies and misinformation you creeps..stop spreading lies about tezos.

  5. Like $1,000,000 bet on EOS price of $1000 by 12/31/2018 🙂
    Don’t get me wrong; I don’t like FUD – indeed – XTZ coin has the most significant role in my portfolio, and I plan to buy some more – but a period for reaching $50 price per coin is by far too short. Even in a crazy bullish scenario!
    I’m also not sure that XTZ will replace ETH; ETH has many established projects right now. It is almost as Bitcoin. Final remark – I don’t own any ETH, simply because I’m too late in a game.

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