Tezos attracted plenty of eyes and volume recently, gaining 85% in August. What caused this and how it affects Tezos price prediction 2021 — we answer in this article.
Tezos Price Prediction 2021-2030
- The most encompassing one is, ironically, Tezos price prediction 2021. Taking bearish and bullish scenarios in mind, its price can either sink down to $1.63 or rally further to $12.26;
- Opinions differ on whether Tezos can reach $10 anytime soon. Some say it can happen this year, some believe it won’t happen until 2025 or even longer;
- By 2030 XTZ can appreciate by more than 1,000% and reach the maximum of $34.
What are Tezos and XTZ?
Tezos is a self-amending smart contract protocol with modular architecture. In other words, it can be used for self-executing functions and programs, like Ethereum.
The motivation to create it was the governance problems in crypto communities: particularly, contentious forking of Bitcoin and Ethereum. By introducing delegated staking and modular architecture, Tezos achieves resistance to hard forks.
Tez or XTZ is the native coin of the network, though colloquially it’s also known as “Tezos”. XTZ are needed to keep track of addresses and secure the network through staking.
If you feel like catching up with what Tezos is before reading the price predictions, we recommend our Beginner’s Guide to Tezos.
XTZ Price History
XTZ Price in 2017-2019
Tezos was launched after one of the largest ICOs in history, raising $232 million USD. In October, 2017 preliminary valuations put it at about $2.
Soon the Bitcoin rally caused the rest of the market to rise, and XTZ reached its previous all-time high of $10.56. However, after that followed a correction, and even despite the mainnet launch in July 2018, XTZ closed 2018 at $0.4626.
In 2019, over the course of the year its price gradually grew up to $1.3 at the end.
Tezos Price in 2020-2021
In early 2020, Tezos kept growing until the March 2020 crash, when it lost 58% in a couple of days. It quickly recovered from the low of $1.3 and even renewed a yearly high at $4.4 in August.
2021 started relatively low to that, at $2, but by May rallied up to the yearly price record: $8.40 on May 7, 2021. The price corrected to $2.43 almost as quickly as it rose but by now it seems that a new run up is approaching.
At the time of writing Tezos is worth $5.48 and ranks 30th by market capitalization according to CoinMarketCap.
What can Influence the XTZ Price?
The most recent Tezos upgrade is a massive one: the upgrade called Granada introduced liquidity baking for the XTZ-tzBTC pool. A constant product market making contract produces block subsidies for liquidity providers and burns a small portion of the fees.
Thus, liquidity providers can gain benefit from baking liquidity and participate in decreasing inflationary pressure. Other improvements Granada brought are reductions in block times and gas fees for smart contract calls.
There are no planned global upgrades as of now, since Tezos does not have a roadmap like Ethereum does. However, there is always community discussion on the forum and some topics researched, for instance, private assets or vote incentivization.
Tezos is actively establishing itself as a platform on which banks and other financial institutions can build solutions. It supports almost all currently existing instruments for DeFi and tokenization.
Societe Generale, for example, is using Tezos to issue digital assets. Game publisher Ubisoft is a ‘baker’ in the network, meaning they participate in staking and governance.
In 2021, Tezos launched an NFT marketplace and promoted it in collaboration with Formula 1 McLaren and Red Bull Racing. Digital asset firm Crypto Finance AG and InCore bank use the Tezos platform to tokenize assets and offer financial services with XTZ.
Last but not least, the City of Reno, Nevada, home of the Burning Man festival, issued NFTs of the art piece ‘Space Whale’ and built a DAO on Tezos.
In addition to the already mentioned burn fee from liquidity baking, Tezos has more mechanisms to keep inflation in check.
Particularly, delegated staking makes it so that 77% of the circulating supply (according to TzStats) is locked. Reducing the actively traded supply while keeping it liquid creates opportunities for the price to grow.
Latest Twitter posts on Tezos
— 🌮 TezosMaxi.tez 🌮 (@MaxiTezos) August 28, 2021
Twitter user TezosMaxi compiled an infographic with most of the partners Tezos has by now.
— Tezos Commons (@TezosCommons) August 30, 2021
Other community members note that in August reached a new milestone. With more use cases for smart contracts, this number is only to grow further.
— €ｕｒｏＳｎｉｐｅｒ (@TheEuroSniper) August 30, 2021
Trader Euro Sniper considers the XTZ-BTC pair prime for breaking out of an undervalued zone.
Tezos Price Prediction 2021
CoinQuora Tezos Price Prediction 2021: $10+
For short-term predictions, CoinQuora uses technical analysis, and according to charts alone, XTZ will see significant difficulties in reclaiming its ATH this year. To do so, resistances at $4.59 and $5.87 will have to be overcome.
However, when they pay attention to fundamentals and sentiment, they have confidence in Tezos reaching $10 this year. If not, a bearish scenario could see it revisit $2.80 and 2.10.
LongForecast Tezos Price Prediction 2021: $4.59-8.63
Prediction service LongForecast projects that the uptrend in XTZ will slow down and dive. The highs will be getting lower to $8.61 and even $6.79 in December.
The range is projected to squeeze as the lows will be getting higher up to $5.30 in December. Projected closing price for XTZ in 2021 is $5.70.
Mind Math Money Tezos Price Prediction 2021: $1.63-$12.26
YouTuber Mind Math Money tries to answer the question ‘For how long can the XTZ rally continue?’ He is quite confident in this scenario and using the Fibonacci retracement (an indicator that uses Fibonacci sequence) places the highest resistance at $12.26.
In a more bearish scenario which he also does not write off completely, he suggests keeping an eye on historical support levels of $2.12 and 1.63.
Tezos Price Prediction 2022-2024
LongForecast Tezos Forecast 2022: $5.70-11
What about the Tezos price in a year? By August 2022, XTZ will climb out of the slump and appreciate in price.
Tezos will be trading in the $7.05-9.02 range with a 149% growth in comparison with the current price. Highest highs ($11.04) will be reached in April, and lowest lows – $5.70 in January.
CryptoNewsZ Tezos Price Prediction 2023: $7-7.50
In two to three years, the CryptoNewsZ team says, XTZ will be more widespread but due to unforeseeable circumstances they keep their expectations low. The 2023 target for XTZ is only $7-7.50.
Digital Coin XTZ Price Prediction 2024: $14.14
Going by projections of the DigitalCoinPrice prediction service, on average XTZ will be worth double digits as soon as in 2024. Moderate volatility will be observed, with highs reaching $16.07 and lows being $11.69.
Tezos Price Prediction 2025
CryptoNewsZ Tezos Price Prediction: $10+
In four to five years we can expect a new market cycle to follow after the next Bitcoin halving. As such, the XTZ forecast is optimistic and reaching the $10 mark is reasonable to expect.
Digital Coin Tezos Price Prediction: $17.33
In a more bullish forecast, DigitalCoinPrice gives an average estimate of $17.33 for XTZ in 2025. Monthly averages range from $14.98 to $18.85.
Gov.Capital Tezos Price Prediction: $23.17 maximum
The most bullish forecast for the next few years is given by the Gov.capital service. Using historical data for XTZ, they predict growth from $15.04 in January to $18.77 at the year’s close.
Tezos Price Prediction 2030
It’s hard to predict the price even in the short term, so the more distant future forecasts are even less reliable. Cryptopolitan expects XTZ to rise by 1,275.77% by 2030, which would make its price $34.77.
Coin Price Forecast also assumes that the growth will be happening slowly over time, and by 2030 XTZ will escalate to the $11.87-11.89 range. However, you never know what can happen in almost a decade!
ChangeHero XTZ Price Prediction
Summing all predictions up, it gets obvious that XTZ will eventually reach $10 and even higher. A bullish scenario would infer it happening by the close of 2021.
If not, then at the very least in 2030 $10 will be the lowest expected estimate. The Tezos platform is used by plenty of companies and applications, so their future is secured.
How to get XTZ on ChangeHero?
The process of buying XTZ with crypto on ChangeHero is as easy as it gets. It only takes five steps:
- Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- And now, relax! We are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
- As soon as the exchange has been processed, your XTZ are on the way to your wallet. We’ll be happy to hear your feedback if you enjoyed using ChangeHero.
Everyone is watching Tezos right now expecting it to pump further up to $10, and analysis shows that it’s not that far-fetched. If this does not happen in 2021, it has to happen eventually as the value of the entire network grows.
Frequently Asked Questions
How to exchange tezos?
Swapping Tezos is very easy and quick with ChangeHero. Choose a pair, amounts and rate, provide addresses and memos, if applicable, double-check and send a single transaction.
What will be the price of Tezos in 2021?
Various sources give estimates in the range between $1.63 and 12.26 and for Tezos in 2021.
What will be the price of Tezos in 2022?
According to different analysts, in 2022 Tezos price can grow to $5.70-11.
What will be the price of Tezos in 2025?
Depending on the source, XTZ coins can grow up to $23.17 in 2025.
What will be the price of Tezos in 2030?
While not certain, analysts predict that in 2030 XTZ will be changing hands for up to $34.77.
Can Tezos hit $100?
All reviewed sources do not view it as possible for XTZ to reach $100 even by 2030.
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This article does not constitute financial or investing advice. No price prediction or forecast is guaranteed to provide exact information on the future price. Past performance is not indicative of future results.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.