Tezos Price Prediction 2024 – 2030

Tezos has grown to become one of the most popular cryptocurrencies in recent years. With the asset boosting strong fundamentals and a loyal community, this is of little surprise. However, it has left many investors looking for an accurate Tezos price prediction.

Throughout this guide, we’ll be taking an in-depth look at Tezos, providing an XTZ crypto price prediction, and discussing an alternative investment that potentially boasts even more upside than XTZ.

Tezos Coin Price History

Tezos (XTZ) is touted as being a smart contract-centered blockchain similar to Ethereum. However, there are a number of important differences between the two assets. Most notably, Tezos was created to be easily upgradable, meaning that the network can receive updates with zero downtime. Furthermore, people staking 6,000 XTZ can vote on changes to the project, in a form of governance.

Tezos was officially launched mid-way through 2018, briefly pumping to $4.40 upon its launch. This immediate growth is unsurprising considering that Tezos was one of the best ICO cryptos (initial coin offerings) of all time. The asset was originally sold for just $0.47 and managed to raise a staggering $230.53 million within just a few weeks.

Despite the hype surrounding Tezos being near-insurmountable, after its June 2018 launch and meteoric rise to $4.40, the XTZ price quickly dropped down to around $2.10 before falling further toward around $1.30 by November and to around $0.40 before the end of the year.

While many investors believed that 2019 would be the year that Tezos cemented itself as one of the best crypto presales in terms of growth, the asset almost struggled to find strength for the first three months of the year. However, after finding a strong support at $0.42, the asset began to take off once more, hitting a peak of $1.66 and trading for an average price of approximately $1.10.

While the remainder of 2019 was largely uneventful, 2020 yielded some impressive growth for Tezos. The asset shot up significantly as investors poured into the crypto space, resulting in XTZ climbing to $4.40 at its peak, marking an over 800% increase in the value of XTZ compared to its ICO price.

As 2021 rolled around, there was an immense amount of hype surrounding both Tezos and cryptocurrency as a whole, investors were on the hunt for an Ethereum killer and Tezos fit the bill perfectly. This culminated in huge growth for the Tezos price, leading the asset to rise to an impressive $8.35 during the November bull run.

However, since the asset’s impressive 2021 run up the XTZ coin price has declined massively. Alongside the wider crypto market, Tezos crumbled amidst war, record inflation, and mass uncertainty.

Tezos continued on the downtrend till the end of 2022 and bottomed at a below $1 mark – $0.69 before bouncing. The token’s performance in 2023 took a turn for the better when the speculation related to the fed rate and people’s trust in the bank evaporated thanks to the closure of Signature and Silicon Valley Bank, which allowed a few whales to put more interest in Bitcoin. As the token got above the $30k mark, Tezos was one fo the few altcoins to get the benefit. As it stands right now, XTZ is currently trading around the $1 mark with a market capitalization of $1.019 billion.

To summarize before getting into our XTZ price prediction:

• Mid 2017 – Tezos held its ICO raising over $230 million
• Mid 2018 – Tezos finally released, pumping to $4.40 before declining toward $2.10
• December 2018 – Tezos struggled to maintain its price, falling further toward $0.40
• August 2020 – After an uneventful 2019, XTZ shot up in value, once again hitting $4.40
• Late 2021 – The price of Tezos went parabolic as investors pilled into the crypto space, taking XTZ to its all-time high of $8.73
• Late 2022 – The global market downturn pushed the value of XTZ down and below the $1 mark.
• Q1-2023 till now – Bitcoin’s recent support has flowed into altcoins like Tezos, and this token is finally trading above the $1 mark again. 

Tezos Crypto Price Prediction 2024

Now that we’re moving on to our Tezos price prediction for 2024, it’s important to understand how updates to the network are handled. Rather than having a fixed roadmap highlighting rough dates that new features will be released, Tezos, as a self-described evolving blockchain, instead allows users to create votes for any new features that they wish to see implemented.

In order for a proposed update to make it through the voting stage, it must receive at least 80% positive votes. By taking this approach, Tezos ensures two things. Firstly, that it will always keep up with the current trends in crypto and provide its holders with a voice, secondly, it ensures that a group with large capital reserves cannot force updates to the network, boosting security massively.

With this in mind, it’s difficult to predict which upgrades the Tezos team will implement into the project. The network already utilizes a modified proof-of-stake consensus mechanism for transaction validation, ensuring that the network is efficient and can handle high throughput.  However, optimizations to this process seem like a logical step for Tezos to take.

Although the recent Ethereum merge is unlikely Ethereum merge has done wonders for the network’s publicity and increased its energy efficiency, Tezos can still handle far more transactions per second than Ethereum and with Tezos boasting similar smart contract functionality, we could see upgradeable asset take market share away from Ethereum as developers look for more cost-effective platforms to build on.

In ideal conditions, being able to stay true to its goals would have been enough for Tezos to get help from the market’s tailwind and grow up. However, the markets have altered a bit after the 2022 bear season. People are now more apprehensive about crypto, and even though Bitcoin has finally peaked above $30k for the first time since August 2022, doubts are still high for tokens like Tezos.

The March 2023 Tezos Foundation biannual report is here.

Discover projects the #TezosFoundation supported from Jul to Dec 2022.

The report focuses on gaming and highlights projects which ensure the long-term success of Tezos.

Happy reading
https://t.co/ZyB9FQ6wz1 pic.twitter.com/WOIMSSppTb

— Tezos Foundation (@TezosFoundation) March 7, 2023

That said, there is some bullish piece of news. The Tezos Foundation recently unveiled the biannual report, which highlighted a list of the latest gaming and other types of projects that can push the token’s value further. The reports include gaming and DeFi projects accompanying creator tokens as well as NFTs.

But the token’s updates are till the end of 2022, which includes the listing of Tezos on Coinbase Japan, the Lima upgrade, and the launch of “The Devils”.

Despite these positive signs, more positive news must approve of acting as a spring to push the XTZ price. Keeping that in mind, our conservative estimate is Tezos might peak at around $5 by the end of 2024.

Tezos Coin Price Prediction 2025-30

Taking a look further ahead to 2025, our Tezos price prediction begins to get rather interesting. As long as the market remains positive between 2023 and 2025, it’s likely that we’ll see significant growth from Tezos, potentially pushing the asset toward a new all-time high and cementing XTZ as one of the 11 best altcoins on the market.

As we mentioned earlier, Tezos is designed to be easily upgradable with zero downtime. Over the long term, this is likely to be massively advantageous as it will allow Tezos to keep up with the latest innovation within the cryptocurrency sector. Considering how far things have come in the past few years, it seems likely that we’ll see a number of impressive new technologies released by 2025.

Furthermore, with the Ethereum merge phasing out mining and the threshold to stake Ethereum being rather high (32 ETH), it’s likely that a large number of validators move to the Tezos ecosystem. This will be excellent for the network, improving its decentralization, and scalability, and incentivizing developers to build on Tezos.

Thanks in no small part to its focus on efficiency, Tezos has managed to forge a number of high-profile partnerships with huge companies like Manchester United, Red Bull Racing, and McLaren. It’s likely that this trend will continue over the coming years, helping to get the innovative cryptocurrency project in front of a larger audience, and boosting adoption further.

Based on our Tezos price prediction, with the adoption of the Tezos network greatly increased, it’s likely that XTZ could find support at its $8.73 high with it being possible for the asset to get closer to a strong psychological resistance level of $10 depending on the state of the market at the time.

Tezos Price Prediction 2030

Moving onward, it’s more difficult to provide an accurate Tezos price prediction looking so far into the future but there are a few key factors likely to impact the price of XTZ we can discuss.

With Tezos having plenty of time to mature and attract users to its ecosystem, we’ll likely see a sharp increase in demand for the XTZ token. With price being driven primarily by demand, this could result in some strong growth over the coming years. However, it’s important to keep in mind the lengthening of market cycles could lead to multi-year bear markets, hindering the long-term growth of cryptocurrencies.

As it stands today, the global cryptocurrency market is expected to grow by an average of 11% yearly. With Tezos boasting a market cap of $6.87 billion when the XTZ token was at its peak, we could see the project’s market cap climb to around $15.83 billion by 2030. Based on the current circulating supply of XTZ, that would put the Tezos price at approximately $17.34 with $23.17 possible if the network grows faster than expected.

Potential Highs & Lows of Tezos Coin

In order to make it as easy as possible for investors to reference our Tezos price prediction, we’ve opted to include a table that clearly highlights the potential XTZ price for each year.

What is Tezos Coin Used For?

Unsurprisingly, potential investors would want to learn about an asset’s various use cases. As such, we’ve highlighted a few of the most common users of the Tezos cryptocurrency.

Smart Contracts

One of the primary draws to the Tezos ecosystem is its advanced smart contract functionality. Similar to Ethereum, Tezos allows developers to create applications on its network. The developers benefit from a cost-effective, energy-efficient, and secure network while Tezos benefits from increased demand.

Investment Vehicle

As is the case with any of the best cryptocurrencies, one of the main uses for Tezos is as a long term investment vehicle. With the asset performing well, many people have added it to their portfolios with the goal of earning a profit. Considering that the XTZ price was as low as $0.40 at one point, this strategy likely paid off for a number of people.

Self Governance

Another common use of XTZ is as a governance token. Investors holding enough (6000) XTZ can become what’s known as a Baker (essentially a staker). This allows the person to vote on and propose upgrades to the Tezos ecosystem, similar to a decentralized autonomous organization (DAO).

Staking Rewards

Tying into our previous point, XTZ is commonly utilized by investors to earn passive rewards via staking. As the Tezos network uses proof-of-stake, people holding at least 6,000 XTZ can validate transactions on the network to earn rewards. This concept has become extremely popular in recent years, making it a great addition to the Tezos ecosystem.

Is Tezos the Best Crypto to Buy Right Now?

While Tezos is an incredibly strong project that boasts a huge amount of potential, there is one other project with a huge room for growth for early investors.

Ecoterra – A Cryptocurrency Project Rewarding those who Recycle

Ecoterra has come out as a leading green cryptocurrency of 2024 with its unique Recycle2Earn program. The project exists to address the current bottlenecks that stop people from wanting to go out and recycle. It has provided a solution in the form of valuable tokens that you can receive every time you recycle.

Making this possible is the decentralized app known as Ecoterra. The app allows you to upload the receipt you received from the reverse vending machine as you recycled your glass or plastic products and rewards you with ECOTERRA tokens in return.

ECOTERRA tokens have more value than being just another tradable asset. You can use the token to get access to an educational platform to learn more about green measures that you can take to make the environment around you better.

The other half of the Ecoterra ecosystem is dedicated to ESG companies, who can use the app in three ways:

1. Impact profile through which they can track how much they are contributing to the environment through their environmentally conscious ways.
2. A recycled material marketplace that allows them to buy recycled materials from recycling companies
3. Carbon offset marketplace that allows them to buy carbon credits in an ethical and transparent fashion.

Ecoterra is leading the charge as the greenest crypto of 2023, which is why the token has already raised over $2 million in less than a month since starting its presale. Visit the official website to participate and become an early mover in this green project.

Conclusion

Throughout this guide, we’ve carefully analyzed Tezos, explained what the asset is used for, and explained our Tezos price prediction. However,  while creating this guide, we came across other cryptos packed with even more upside potential than Tezos.

Ecoterra is a better option if you are looking for a presale investment. This green crypto redefines ReFi by introducing a Recycle2Earn mechanic for users and access to recycled marketplaces for ESG companies.

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