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Tezos Price Prediction-Will XTZ Price Hit $50 in 2021?

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Decentralized technology is capturing the minds of the investors as it enhances the security and privacy of the users. Tezos is one of the decentralized, peer-to-peer open-source platforms for assets and applications promoted by validators and researchers across the globe.

After a very successful lawsuit and a number of lawsuits that led to a price decline, Tezos flipped the bearish trend and rolled towards the north. 

Are you in search of a good time to buy Tezos? Or maybe want to know the future of your holdings?

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We got you covered. In this article, we will provide you the brief information regarding the price prediction of 2021 and beyond. Let us try to have some basic knowledge about Tezos.

Overview

CryptocurrencyTezos
TokenXTZ
Price$ 7.4800
Market cap$ 6,452,008,702.0000
Circulating Supply$ 862,436,155.9144
Trading Volume $ 400,316,127.0000
All time high$ 9.1200     October 4, 2021
All time low$ 0.3505     December 7, 2018

What is Tezos?  

Tezos (XTZ) is a blockchain network linked to a digital token, which is called a tez or a tezzie. Tezos is not based on the mining of tez. Instead, token holders receive a reward for taking part in the proof-of-stake consensus mechanism. The term ‘Tezos’ is an ancient Greek word for smart contracts as per the developers. 

Fundamental Analysis:

Tezos was Developed by Arthur Breitman. Tezos also referred to as XTZ is a coin that is a multi-purpose platform that supports dApps and smart contracts. The platform’s main objective is to combine a self-correcting protocol and on-chain governance to manage network modifications. Additionally, The altcoin uses delegated proof-of-stake (DPoS) and supports Turing complete smart contracts. It would be worth mentioning that Tezos erupted into the crypto Land by collecting $232 million in their then record-breaking ICO.

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Tezos Price Prediction 2021

The year 2021 seems extremely positive for Tezos, as the coin started its bullish rally from the very first day. With a trading value of $2, Terra resumed its run in January. 

On a hopeful note, the coin dramatically started to accelerate. By the mid of march, the price of the coin surpassed $5 and continued to rally up to $8 till May. After the market crash, the price plunged back to $2.3 on 22nd July. Regaining the bullish momentum the asset formed a new ATH on $9.18 in October.

On a bullish note, XTZ continued to spike. By the year 2021, exponential growth is highly anticipated due to inbound development and adoption. In the best possible case, XTZ may exchange for $15 by the end of 2021. The price may drop well below $5 if the bears rule the market. With average buy and sell pressures the asset is anticipated to trade at $8.

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XTZ Price Prediction 2022

XTZ might start the year 2022 with its price trading at $7.7. Later on, the price might hover around $12 and $20 until mid of 2022. The price may rise if the marketers focus on investing in Tezos. XTZ might remain stable above $15 with certain variations throughout the year. By the end of 2022, Tezos may trade at $17.2.

Tezos 5 Years Price Prediction

As we can see that Tezos is a self-evolving platform, we may more likely expect the platform to survive the frequent dips. With the adoption of Dapps and further developments, Tezos price might reach $26. XTZ could take a rebound in the course of the next 5 years.

Tezos Market Prediction

TradingBeasts:

According to TradingBeasts, XTZ price is expected to trade in between $3.72 and $5.48 by end of 2021 and may reach close to $8 by 2024.

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DigitalCoinPrice:

According to DigitalCoinPrice, Tezo’s price may reach $6.72 by the end of 2021. The coin will reach close to $10 by 2023. Further, the price may hit $14.45 in 2025.

WalletInvestor:

According to WalletInvestor XTZ is expected to surge from $4.53 to $7.926 in the coming year and $14.598 by 2026.

Longforecast.com:

Longforecast.com predicts a reasonable future price. The price may trend in between $3.37 to $4.31 by the end of 2021. Further, the price may trade in between $5.48 to $6.80 by the mid of 2025 and keep surging eventually.

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Our Tezos Prediction

With the trading price of $2.04 Tezos initiated the year 2021. Tezos may reach as high as $11 by the end of 2021 and might reach around $15 during 2022. The Blockchain DApp industry explodes over the coming years. As Tezos foundation faucets continue to gain popularity, so will the number of XTZ holders. This Tezos foundation faucet will also play a major role in future price movements. 

Tezos certainly has the potential to grow in value over the next several years. It might be a good investment for the future.

Year.Potential High.Potential Low.
2021$15.56$3.28.
2022$25$8.28
2025$45.25$30.25

Historic Market Sentiments

2017

With the end of its ICO in July 2017, Tezos took a few months to get listed on popular exchanges. Meanwhile, in October 2017, it was first started being listed on a major exchange. Soon after the tokens hit exchanges, the price immediately surged at more than 3 times of its $0.51 ICO price. Further, until mid-November 2017, theXTZ coin price was hovering between $1.50 and $2.50. But within a few days, the coin recovered the loss and began to see huge growth as the market picked up steam.

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At the end of 2017,  XTZ rapidly gained momentum on exchanges, spiking to as high as $12.19, while the Tezos market capitalization swelled to enormous proportions. However, in just one week, Tezos was one of the first coins to suffer a bearish moment, by losing more than two-thirds of its value.

2018

Further in 2018, besides a short growth of $6 on Jan 3rd, 2018, the XTZ coin price suffered a drastic loss reaching the trading value of $2. Later the price was hovering between $2 to $3 until June. But, the Bears hit hard, the Tezos coin price sloped down to $1.65 in the mid of June and the bearish phase continued till 2018 ended with a trading value below $0.476. Falling below its ICO price for the first time in November.

2019

Tezos continued to trade at $0.48 by early 2019. Further, the price started to plunge as the attack of a bear. Later on, the XTZ reached $1.65 by the mid of May.  However, the price resumed swinging. XTZ again climbed to $1.70 in December. At the end of 2019, XTZ traded at $1.35.

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2020

Tezos has been generally bullish in 2020. From a low price of around $1.25 in January, the top cryptocurrency moved steadily to record Year-Till-Date (YTD) All-Time-High (ATH) of $3.6 in late February. 

However, in March, XTD suffered a sharp price plunge, as a result, XTZ was trading at $1.25 in the middle of March. This was where things stood by the end of the first quarter of 2020.

By the beginning of the 2nd quarter, XTZ began to rise until it faced stiff resistance at $3 during May. On a bullish note, the price dramatically spiked to $4.28 by mid-August and further plunged to $3.34 at the end of August. Later on, XTZ continued to hover. Due to the expansion of Bitcoin’s price rally, XTZ managed to trade at $2.50 by the end of November. By the end of December 2020, XTZ’s price dropped to $2.

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FAQ

Is Tezos a good investment?

Yes, Tezos might be a good investment if you are planning to invest for the long-term.Will Tezos Price rise by the 5 years?

Yes, Tezos price might rise by 5 years. It might reach $15.At what price Tezos will be trading at the future?

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Tezos might trade around $10-$15 in the future.Where the Tezos can be traded?

Tezos can be traded on exchanges like Binance, Coinbase Pro, OKEx, VCC Exchange and many more.Will Tezos go up by the end of 2021?

Yes, Tezos might go up by the end of 2021 and might reach $3.

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Tezos shoots up 25% as Bitcoin, Ethereum and others see red – here’s why

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  • Bitcoin, Ethereum, BNB and more are in the red as market correction continues, but Tezos has bucked the trend and leads the top 100 coins by gains.
  • Tezos has gained 25 percent in the past 24 hours as an exciting new partnership and a new energy efficiency report draw investors.

The cryptocurrency market has been bleeding in the past week, with Bitcoin hitting a low of $45,000, down from $58,000 just a week ago. Ethereum, Solana, Binance Coin, Cardano and Polkadot have all shed value as well, including in the past day. However, one altcoin is leading the charts with gains of up to 25 percent in the past day. Tezo has bucked the current market trend and has swiftly recovered after a flash crash last week saw it hit its lowest price in three months.

On December 3, Tezos (XTZ) recorded a sudden drop, quickly hitting a low of $3.23, its lowest since mid-August. The drop wasn’t unexpected, with the entire market seeing a correction that saw Bitcoin shed over $12,000 in a day.

However, since then, Tezos has been on an uptrend which culminated in a 25 percent rise in the past 24 hours.

XTZ is now the 39th-largest cryptocurrency in the market with a market cap of $4.6 billion.

The underlying metrics show that the spike is not a fluke. Trading volume is up an incredible 550 percent to $1.55 billion in the past day, ranking above the wildly popular Shiba Inu and even Bitcoin Cash.

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Why Tezos is soaring

Tezos, which is a self-upgradeable proof of stake blockchain network, has focused on NFTs and gaming in 2021, two sectors that have witnessed an explosion in popularity. With one of the most energy-efficient and fastest networks, it offers one of the most cost-efficient networks for gamers and investors.

Its gamble has paid off big time. Yesterday, one of the world’s largest gaming companies announced that it was building on Tezos. Ubisoft is building “the first energy-efficient NFTs playable in a AAA game.” Dubbed Ubisoft Quartz, it launches tomorrow, December 9 with three free cosmetic drops.

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Ubisoft is a French video game giant with development studios across the world. Some of its most renowned gaming franchises include Assassin’s Creed, Tom Clancy’s, Prince of Persia, For Honor and Far Cry.

Blockchain gaming has emerged as the next big area for exploration after the immense success of DeFi and NFTs. With Ethereum still lagging behind in transaction speed and with high fees, there’s a big opportunity for any other network to exploit. Tezos is in a prime position to dominate this area, and the Ubisoft deal will be a big boost.

As Ubisoft unveiled its partnership with Tezos, PricewaterhouseCoopers released a report that touted Tezos as the most energy-efficient blockchain network in the market.

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According to PwC, the energy efficiency for each transaction on the network increased by 70 percent. The electricity requirement is also down by 30 percent this year, the ‘Big Four’ accounting giant revealed.

The annual energy consumption on the network stands at 0.001 Terawatt hours (TWh), much lower than BTC’s 130 TWh and Ethereum’s 26 TWh. In general, the annual energy consumption of the Tezos network is equal to the energy footprint of just 17 people.

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Tezos Price Prediction: XTZ Is Up 35% To 5.5% As Bulls Aim For $7.0

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Tezos price is up 35% over the last 24 hours to the current price around $5.5412. This follows news on a deal with Ubisoft which went viral on social media on Tuesday. These news bolstered XTZ as it rebounded off the $3.87 support level leaping 51% to intraday high of $5.83 on Tuesday.

This has bolstered bulls who are now determined to take the DeFi coin to areas above $7.0.

The Ubisoft Deal Bolsters the Tezos Price Rally

As earlier, the current XTZ price rally is reinforced by the announcement of a significant partnership with video game maker Ubisoft. The gaming company is launching Ubisoft Quartz, a platform where users can acquire unique NFTs called Digits, which can be used in-game and the platform will use the Tezos blockchain. The Tezos team said in a tweet that the Ubisoft Quartz will be build on Tezos.

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Games based on blockchain platforms have gained traction in 2021 and for Tezos to partner with one of the largest video game makers in the world could lead to a long-term rally for the XTZ coin.

As such, the Tezos price turn away from its downtrend that followed the weekend crypto market bloodbath with an impressive 50% to $5.8.

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XTZ/USD Daily Chart Live Chart

Tezos price daily chart

As such, if Tezos price rises above the immediate resistance at $5.816, it is likely to move upwards to tag the $7.00 psychological level.

Note that the parabolic SAR has just flipped from negative to positive and moved below the price suggesting that XTZ market momentum is now bullish.

Moreover, the MACD has just sent a buy Tezos signal on the daily chart. This happened today when the 26-day Exponential Movign Average (EMA) (blue line) crossed above the 26-day EMA (orange) accentuating the bullish narrative .

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Looking Over The Fence

On the flipside, failure to rise above the $5.813 resistance could see the Tezos price drop towards the 200-day SMA at $4.6706 where it could take a breather before continuing the rally.

Therefore, XTZ investors are advised to wait for a closure above the $5.8 for a bullish breakout or a closure below the $4.6706 for a confirmation of a bearish breakout.

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Tezos price analysis: XTZ gets support above $5. Will it persist?

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  • The Tezos price analysis report shows a lack of momentum.
  • Support is still set at the $5.2 level.
  • Resistance is present at $5.88.

XTZ is receiving mixed market sentiment today. However, bulls have made a return on the price chart as a rise in price has been detected as per The Tezos price analysis. The situation has been favorable for the buyers as the price has been covering an upwards range today. The price function was in bulls’ control today after going through a decline for the past few days. The upward movement in price has resulted in it reaching near $5.18 in the last 24-hours. However, unfavorable circumstances have arisen again.

XTZ/USD 1-day price chart: Price floats above $5

The 1-day price chart for The Tezos price analysis shows chances are increasing for the buyers to secure their permanent lead as the price has increased today. In the past few days, a considerable level of depreciation in the coin’s value has been reported as the price has decreased notably. The losses have been considerable, but now a chance for recovery has arisen. The price has maintained its level above the moving average (MA) level, which is present at $5.07 for now.

Tezos price analysis: XTZ gets support above $5. Will it persist? 1

The price underwent a noticeable decline during the past few weeks, but today, the bulls have taken the initiative again. The Relative Strength Index (RSI) shows a slight upwards curve after being on a downslope for a few days. The RSI curve, however, still shows a lack of momentum, as the buying activity is slow. The Bollinger band indicator on the 1-day chart shows the following values; the upper limit is at the $5.84 mark, whereas the lower limit is at the$4.5 mark.

Tezos price analysis: Recent developments and further technical indications

The uptrend seen on the 1-day price chart has undergone reversal as a downturn in price has been observed during the last 12 hours. The bears have made a comeback again in the past few hours and have been degrading the coin value continuously. The cryptocurrency has been devalued back to $5.1 after the trends underwent a major shift recently.

Tezos price analysis: XTZ gets support above $5. Will it persist? 2
XTZ/USD 4-hours price chart. Source: TradingView

Now the bullish trend has been overturned. The volatility is still high as now the upper Bollinger band is at $5.62, and the lower Bollinger band is at $4.9. The RSI score is going down again as the RSI curve is slightly downwards now, and the indicator is present at index 50 as a result of the sudden downfall in price.

The general trend that has been observed during the past few days has been on the bearish side, as can be further confirmed from the technical indicators chart. There are two indicators occupying the buying position, 10 indicators are on the neutral position, and 14 indicators are on the selling position, out of a total of 26 technical indicators.

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Tezos price analysis conclusion

The Tezos price analysis suggests the price is trading in the lower price envelope, and the bearish momentum has been gaining strength since the past few days, which has affected the coin’s value adversely. The recovery reported today is nominal, and the 4-hour chart shows unfavorable results. A drop in price happened in the last 12 hours, which means that the coming hours might prove more unfavorable for the cryptocurrency.

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