Tezos is a network, which has its own XTZ crypto. Let’s have a look at the history of this coin and Tezos price prediction 2020–2030.
The idea of Tezos appeared in 2014. Originally it was intended as an alternative to the Ethereum network. Although just like Ethereum Tezos is based on smart contracts, it was an attempt to make it more secure. Kathleen and Arthur Breitman, who established Tezos, were not new to this field. Both of them were involved in programming. This platform uses absolutely new language, it is called the Michelson language. XTZ cannot be mined. Nonetheless, users still can get a reward for being a part of the proof-of-stake consensus. All the stakeholders have an opportunity to propose a system upgrade, which may happen in case other participants approve it. This makes the system more democratized.
XTZ coin statistics
Even though the way to the launch was not easy for Tezos, the coin received some appreciation. Since the launch in 2017 it has been stably growing. Let’s look at some detailed numbers.
According to coinmarketcap.com (as of 21/09/2020):
- Tezos price is $1.95
- Market capitalization is $1 453 057 357
- Volume (24h) $265 013 482
- Circulating supply 743 973 431 XTZ
- Total supply 743 973 431 XTZ
- 24 Hour High $3.50
- 24 Hour Low $1.94
Let’s take a look at some important point in the development of Tezos. Tezos Betanet Launch happened in June, 2018. Mainnet Launch happened a little bit later, in September, 2018. All the betanet transactions were saved. A major upgrade happened in May, 2019. The Nomic Labs developer group proposed a so-called Athens upgrade. What we know now as Athens upgrade actually was Athens A. Athens B did not get enough votes. Athens A suggested to lower the roll size from 10 000 to 8 000 XTZ and to increase the gas limit. The next update was proposed in October, 2019. It was called Babylon 2.0.1. This upgrade brought in a few significant changes. First of all, it suggested a new version of the consensus algorithm. Then it simplified the process of smart contract development, and changed the delegation process. The last upgrade took place in March, 2020. The Carthage 2.0 upgrade was suggested by Nomadic Labs and Cryptium Labs. It was all about code optimization. It is supposed to allow users to run more complex apps.
Since Tezos allows users to implement updates, it is believed that this feature will allow Tezos to become very adaptive to the market. That means that Tezos does not follow some plan of developing new versions of existing network. The developers’ plan is to create a network that will evolve according to customer needs.
Crypto experts about XTZ
In spite of the fact that Tezos is rather young, and has been struggling at the beginning, people see its future in an optimistic way. Let’s see what people post on Twitter about XTZ.
It is also well known that Vitalik Buterin has criticized Tezos a lot. Here is an example.
XTZ price prediction 2020
According to Trading Beasts, we can see the following price prediction (as of 22/09/2020):
Minimum ADA price for 2020: $0.0812103
Maximum ADA price for 2020: $0.1251881
Average ADA price for 2020: $0.0978482
Year-end XTZ price predictions 2020:
Minimum expected: $1.67542
Maximum expected: $2.46385
Average expected: $1.97108
According to WalletInvestor, we can see the following XTZ price:
Minimum XTZ price for 2020: $1.50421
Maximum XTZ price for 2020: $3.05860
Average XTZ price for 2020: $2.28122
Year-end XTZ price predictions 2020:
Minimum expected: $1.93235
Maximum expected: $3.49151
Average expected: $2.71248
Another forecast of the Tezos price can be seen on Digitalcoinprice.com (as of 23/09/2020):
Average XTZ price 2020: $4.1783
Average year-end XTZ price expected: $4.7
Here we would like to mention the opinion of the crypto trader, Luke Martin, about the XTZ price in 2020.
In February he posted on Twitter: “Never traded $XTZ before but now that it’s back above the monthly it sure looks like it’s continuing uptrend. At new ath dollar price. Expect it to carry the satoshi price.”
XTZ price prediction 2021
According to Tradingbeasts, 2021 will bring an increase in price by 2.5%. In the middle of the year a little dip is expected.
Walletinvestor also shows the stable growth for 2021.
Digitalcoinprice expects things to be slightly different. According to this resource, the expected average price during 2021 will be around $0.6. From May to October it is expected to go negative.
XTZ price prediction 2022
Tradingbeasts forecast looks optimistic and shows stable growth throughout the year. The expected average price is $2.19317.
Walletinvestor expects Tezos to grow during 2022 with the insignificant dip in the middle of the year. By the end of the year, XTZ is expected to cost around $6.219.
Digitalcoinprice expects the price to stay around $1.7483. It also shows a negative dip in the middle of the year.
XTZ price prediction 2025
Walletinvestor does not see the reason for Tezos’ price to go down. Thus, the forecast for 2025 is also rather optimistic. It expects the price to go up to $10.171 by the end of the year.
Digitalcoinprice supports the upcoming trend and predicts that the price will go up to $6.22.
Historical price analysis of XTZ
The XTZ coin price had its highs and lows. Let’s take a look at them.
- All Time High is $4.48
- All Time Low is $0.314631
Tezos started trading in October, 2017 from $1.66. The start was accompanied by the inner disagreements that had an effect on the XTZ price. It fell by about 60%. The next serious hit came because of the class action lawsuit from investors. Because of the late launch and obvious lack of development, some of them did not meet their expectations and wanted to get a refund. In spite of all the accusations, the price of XTZ grew up to $10.56 till the end of the year.
XTZ started 2018 at the price of around $4–6. 2018 was the year when the testnet was launched. However it had some limitations, for example, it could not allow big transactions. Undoubtedly, this had an impact on the price. In December XTZ hit the historical minimum of $0.349233.
The real rise started in 2019. Tezos participated in a very successful collaboration with a digital asset management company “Elevated Returns”. A real estate investment project became beneficial. Until March 2019 the XTZ price increased by 40%. The same year Coinbase started a service that rewarded people for using coins, based on the Proof-of-Stake algorithm. This support also had a good effect on the XTZ price. During the same year Brazilian bank “BTG Pactual” and “Dalma Capital”, the asset manager, started to use Tezor to conduct STO. Later Coinbase listed XTZ. All these events had a major impact on the XTZ price.
From the information above it can be seen that Tezos shows slow stable growth. It is very common for it to go down in price in the middle of the year and change trends until the end of the year. For those who go long on XTZ, it is a sign that temporary dips are not the reason to get worried. We hope that this article gave you a better understanding of Tezos development.
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Originally published at https://simpleswap.io on September 25, 2020.