Tezos token sets itself apart from traditional cryptocurrencies with its distinctive price movement. It was introduced in July 2018 with an initial price of $3.13. XTZ primarily experienced downward trends during its early years, surpassing this price milestone in February 2020. Currently priced at $0.69 (as of 29/08/23), Tezos has been persistently declining. However, the reasons behind Tezos' drop and its potential as an investment remain to be explored. What can we expect for the future price of the XTZ token? Let's delve into Tezos (XTZ) price predictions for 2023 and beyond.

What is Tezos (XTZ)?

Let's put first things first and define what Tezos is. Tezos is a blockchain network accessible to all users. It operates on a proof-of-stake system, allowing direct participation in transactions and utilising its currency, XTZ (Tezzie). XTZ is used on its decentralised platform to execute smart contracts.

Tezos goes beyond transactions by providing a platform for building decentralised applications. Some even consider it a potential competitor to Ethereum. During its launch, Tezos raised a significant $232 million through an initial coin offering (ICO). However, it faced numerous obstacles and experienced delays after its inception.

The XTZ Token serves as the exclusive token for Tezos and its cryptocurrency. It enables users to engage in trading and actively participate in the platform's governance on the blockchain.

What's particularly fascinating is the mechanism behind the management system. Token holders have the opportunity to contribute to decision-making processes. When developers propose modifications to the platform, they must seek approval through voting from token holders. If the token holders approve, the developers are rewarded with XTZ for their ideas and implementations.

XTZ History

The Tezos project aimed to create a community-focused protocol but faced disagreement in cryptocurrency. While it has stayed true to its goal of developing a protocol that can grow without major changes, issues arose within its own team, highlighting the division it sought to solve.

To have more control over the platform's assets, Tezos' founders established a Swiss Foundation. However, Swiss rules unintentionally granted the board of directors the same power, leading to a conflict with Johann Gevers, the former president of the foundation. Legal actions were taken to remove Gevers, and only when the Breitmans regained control of the source code could they resume working on Tezos.

Other incidents, such as the sudden implementation of Know-Your-Client/Anti-Money Laundering (KYC/AML) requirements, added to the dispute surrounding Tezos' development.

Despite these challenges and negative stories affecting its reputation, Tezos remained committed to creating a unique blockchain platform.

Tezos White Paper

According to the white paper, Tezos can create various blockchain-based ledgers. It achieves this by using a functional module that manages the functions of a typical blockchain. This module is contained within a shell responsible for network operations. Notably, popular blockchains like Bitcoin, Ethereum, and CryptoNote can be simulated in Tezos by creating the appropriate connection to the network layer.

One of Tezos' key features is its support for meta upgrades. This means that protocols can evolve by making changes to their code. Tezos starts with a foundational protocol that outlines how stakeholders can approve modifications to the protocol. This process covers alterations to the voting procedure itself. This approach is similar to Peter Suber's Nomic, a game built around a set of rules that can be introspectively modified.

Furthermore, Tezos employs a pure proof-of-stake system as the basis for its seed protocol. It also can handle Turing's complete smart contracts. Tezos is coded using OCaml, a potent functional programming language known for its speed, clear syntax, and semantics. This language choice, along with its ecosystem, makes Tezos suitable for formal proof of correctness.

XTZ Benefits

Decentralised networks often encounter problems, causing concerns for users. Disagreements can arise, and Tezos offers a solution by allowing users to vote on changes without resorting to forks. However, it's worth noting that Tezos itself experiences internal disagreements.

The case of Bitcoin is highlighted as an example of blockchain networks' challenges. The lack of consensus among its community regarding fixes to the blockchain leads to confusion and difficulties for developers and coin holders. In contrast, Bitcoin Cash and Bitcoin SV address speed issues differently.

Forks occur when platforms struggle to implement changes, form a new community, and establish rules for a new chain version. Tezos argues that this hinders growth as upgrades do not apply to older chains, thus diminishing their value.

Tezos offers a solution in the form of a "self-fixing money system", which has garnered positive feedback from users.

Tezos (XTZ) Price Analysis

At the time of writing this Tezos price prediction on 28 August 2023, the XTZ token's price was $0.696156, with a daily trading volume of $12,467,465. The XTZ crypto ranked #50 on CoinMarketCap, with a live market capitalisation of $661,663,855, a circulating supply of 847,496,055 XTZ, and a total supply of 971,476,710 XTZ.

XTZ price statistics (as of 28/08/23)

Tezos price history

XTZ was one of the tokens that gained significant attention during the ICO rush of late 2017 and early 2018, along with other altcoins. The project launched as an ICO in August 2017 and successfully raised $24 million by selling 500 million tokens from one billion created.

After the ICO, the price of XTZ peaked at $0.42 before experiencing a dip. However, it later benefited from the overall excitement around altcoins in early 2018. The token witnessed three notable price increases, eventually reaching an all-time high of $2.11 by the end of January.

Following this peak, the price of XTZ went through various fluctuations, indicating the influence of speculators.

The excitement surrounding DeFi (Decentralised Finance) and the broader crypto market in late 2020 boosted XTZ, and this momentum continued into 2021, with the token trading at $0.90 per XTZ. However, it should be noted that this price is lower than the peak of $2.50 reached in 2021.

XTZ/USDT price chart

Tezos technical analysis

As of 28 August 2023, the overall sentiment for the Tezos price prediction is bearish. When analysing the technical indicators, we see that Tezos' 200-day Simple Moving Average (SMA) is anticipated to decline in the upcoming month, reaching approximately $0.883658 by 26 September 2023. Moreover, the short-term 50-day SMA is expected to reach around $0.732544 by the same date. The Relative Strength Index (RSI) value currently stands at 29.40, indicating an oversold condition in the XTZ market. The RSI indicator further suggests a potential decrease in the price of XTZ.

XTZ Price in 2023

Considering the price changes of Tezos in early 2023, cryptocurrency experts are anticipating an average XTZ rate of $0.669 in August 2023. The projected minimum and maximum prices are around $0.632 and $0.705, respectively.

Is Tezos a good investment?

Tezos has garnered significant attention in cryptocurrency over the past year. Considering this, it's reasonable to conclude that XTZ presents itself as a promising investment option.

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Tezos (XTZ) price prediction for 2023-2050

While examining Tezos price predictions, investors need to consider the notable volatility of the cryptocurrency market. Let's look at XTZ crypto price predictions provided by well-known cryptocurrency analysis platforms.

WalletInvestor XTZ price prediction for 2023, 2025, 2030, 2040 and 2050

According to WalletInvestor's Tezos price prediction, the average prediction for the end of 2023 stands at $0.08. Looking ahead to 2025, the projection suggests a further price decline, with the token reaching $0.02 by the year's end. By 2028, the anticipated price prediction is $0.005.

PricePrediction Tezos price prediction for 2023, 2025 and 2030

Based on the most recent Tezos long-term price prediction, it is projected that the token's value will reach $1.29 by the end of 2023 and subsequently increase to $1.99 by the conclusion of 2024.

CoinCodex XTZ crypto price prediction for 2023, 2025 and 2030

According to CoinCodex's Tezos price prediction, the projected price of Tezos is expected to decrease to $0.645573 by 1 September 2023. The estimated yearly lowest price forecast for Tezos in 2024 is also around $0.645573. Moving into 2025, the Tezos price prediction ranges from $0.810461 on the lower side to $2.85 on the higher side. Looking ahead to 2030, the anticipated Tezos crypto price ranges between $0.495438 as the lower projection and $2.72 as the higher projection.

Long Forecast XTZ crypto price prediction for 2023, 2025 and 2030

Based on Long Forecast’s XTZ crypto price prediction, the token's value is anticipated to reach $0.55 by the conclusion of 2023. Subsequently, the price of Tezos (XTZ) is predicted to decrease to $0.16 by the conclusion of 2025. Looking ahead to 2028, there is an expected minor uptick in the crypto's value to $0.28.

Capital XTZ price prediction for 2023, 2025, 2030

Capital.com has compiled predictions from leading analysts globally. The most extended and highest-value projection is $5.67 by 2028.

Tezos (XTZ) future forecast in general

When considering Tezos (XTZ) future predictions, a mixed picture emerges from various sources. 

• WalletInvestor suggests modest growth, with XTZ predicted to reach around $0.08 by the end of 2023. However, their projections for 2025 and 2028 are notably bearish, with estimates of $0.02 and $0.005, respectively. 
• Conversely, Long Forecast provides a more optimistic outlook, predicting a value of $0.55 by the close of 2023, followed by a dip to $0.16 by 2025 and a minor rebound to around $0.28 by 2028. 
• CoinCodex expects a decrease to $0.645573 by September 2023, maintaining similar levels afterwards. 
• Capital.com's compilation of analyst predictions highlights the highest projection of $5.67 by 2028. 

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How high can Tezos (XTZ) go?

According to the XTZ crypto price predictions, by the end of 2023, XTZ could range from around $0.08 to $1.29. Looking ahead, the estimates for 2025 span from $0.02 to $1.99, while the projections for 2028 differ between $0.005 and $5.67. 

Tezos (XTZ) price prediction today

Projections indicate a potential minimum trading cost of $0.641, with the possibility of reaching a maximum of $0.805 in September 2023. On average, the anticipated value of Tezos is expected to hover around $0.723.