Tezos’s path of glory was not easy at all. However, despite all obstacles, the cryptocurrency was gaining momentum rapidly and could gather around $230,000,000 both in Bitcoin and Ether contributions in just two weeks. 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.
What is Tezos (XTZ) Cryptocurrency?
Tezos was developed by ex-Morgan Stanley analyst Arthur Breitman and released in 2018. The project spent some time to settle legal issues, including claims from the 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.
Tezos made it out good in late 2018 and released the mainnet on 17th of September. The developers’ activity showed a ~90% increase in value (after the Athens A proposal was approved lowering the staking deposit to 8,000 XTZ and increasing the gas limit).
Tezos codebase is written and operates on OCaml, a functional programming language. It is a 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 has 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.
Despite the obvious progress in the development of the project, Tezos 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.
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.
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.
Tezos Rate Jumps
Undoubtedly, there will be more difficulties and opportunities for Tezos price to grow, as 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 skyrockets 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.
Well, there is not actually any technical analysis expertise of Tezos cryptocurrency. However, here is the aggregate rating for XTZ from several traders & analysts on TradingView.
Tezos (XTZ) Price Prediction for 2020-2025
Recently, Binance cryptocurrency exchange announced that it added Tezos coins to its listing. Will it somehow affect the price of the cryptocurrency? We will see. Now, let’s get into the Tezos price forecast for 2020 and 2025 from various sources.
#1. WalletInvestor Bearish Price Prediction for 2020, 2025
XTZ price may drop by 32.5% to $0.593. The market was in the bearish cycle for the last year. So WalletInvestor doesn’t recommend putting XTZ in your portfolio. In 2020, Tezos coin price will reach $1.4. In 2025, coin price can worth $7.03.
#2. DigitalCoinPrice XTZ Forecast for 2020, and 2025
According to DigitalCoinPrice, Tezos rate will definitely increase. Investing in Tezos is profitable. In 2020, the coin rate will slightly increase up to $2.01. There won’t be any significant changes in XTZ price in future. In 2025, the coin will worth $2.28.
#3. TradingBeasts Tezos Price Forecast for 2020, 2022
In December 2019, Tezos rate will increase up to $1.12. By the end of 2020, coin price will slightly drop to $1.02. In 2022, the XTZ coin price will go up to $1.67.
#4. CryptoGround Price Prediction for 2020, and 2025
XTZ cryptocurrency is a good long-term investment. In 2020, Tezos cryptocurrency will be $1.25. The source claims that there is probably no chance for a price crash. In 2025, the price will reach $9.01.
Check the latest XTZ price and its cross-rate to over 150 cryptocurrencies available at Changelly.
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.