You’ve probably heard of Tezos before. Is this digital currency worth the investment? What is the price prediction for Tezos until 2025? Can Tezos reach $ 100? In the continuation of this article, we will see the general prediction and analysis of the price of Tezos digital currency in the years 2021 to 2025.
The Blockchain network revolutionized the global economic world. Just as the Internet changed the world of computers, so did Blockchain break down many of the world’s trading frontiers. A Blockchain is a chain of blocks connected by nodes to record digital currency transactions. Each Blockchain works uniquely without having a centralized managing system.
One of the first second-generation Blockchains after Bitcoin is Ethereum Blockchain, which was launched in 2015. There were many differences between Ethereum Blockchain and Bitcoin, and it was the use of scripts to generate smart contracts and the efficiency of decentralized software. Another second-generation Blockchain is Thezus, which launched in 2018. Tezos is also a name of digital currency from this Blockchain.
What is Tezos?
Tezos is a Blockchain and cryptocurrency with the ability to create smart contracts. This digital currency is also known as tez. Tezos Blockchain is a script that uses to implement decentralized applications and smart contracts. There is fierce competition between Tezos and Ethereum Blockchain, but we will see which one to choose.
Ethereum or Tezos
Tezos is technically better than Ethereum. Using proof-of-stake algorithms instead of Proof-of-Work reduces the transaction rate of each and thus lowers the transaction cost. The cost of Ethereum services increases when there is a lot of pressure on the network, but the Tezos Blockchain is more durable and more stable in the case of hard forks. Ethereum Blockchain, on the other hand, is handier in terms of smart contracts. It currently has more than 2,600 decentralized applications running on it.
Network developers are also moving towards successful and customizable Blockchains. At present, comparing Ethereum and Tezos Blockchain is like comparing Windows and haiku OS.
Tezos price analysis
Tezos Blockchain lunches in 2018. The coin was first released in 2017 and was known as one of the largest ICOs available at the time. The initial offering price of the Tezos token was $ 0.47. Since then, there have been many changes and fluctuations in the price of Tezos. However, the world of digital currencies has always undergone many changes.
The chart below shows the one-year price change of Tezos.
The symbol of the digital currency is the XTZ, which has been priced between $ 2.5 and $ 2.8 in recent weeks. The lowest price of this cryptocurrency is related to December 2020 with $ 0.35.
Current price and trading volume of Tezos market
At the time of writing, each Tezos is priced at $ 2.6 and has a market value of $ 19 billion. The Tezos 24-hour trading volume is at more than $ 122.5 million. In general, 723980684 tokens are in circulation.
Tezos price prediction in the coming years
In general, there is no accurate prediction of the price of cryptocurrencies. This market is very volatile and brought one of the biggest gains and losses to its users in 2021. The cryptocurrency market first experienced a multiplier growth in 2021, with the price of Bitcoin rising to around $ 58,000. But the trend has been declining over the past six months, with the value of Bitcoin at $ 32,000 at the time of writing. Therefore, it is difficult to predict the price of cryptocurrencies and the Tezos currency of their kind, although a correct prediction provides based on market behavior.
Tezos short-term prediction
The price of Tezos seems to have dropped by about 15% in the next week, based on the current market trend. But with the arrival of August, it has taken a positive signal, and its price could reach more than $ 2.93 by mid-2021. In terms of predicting the price of Tezos in 2022, we should also note that the re-growth of the price of cryptocurrencies, despite the market trend and the complete elimination of the Covid 19 pandemic, is likely to be so great that more than 80% growth for Tezos during The year 2022 is predicted.
Tezos is a second-generation Blockchain that can be accounted for specifically in terms of smart contracts. This gives us a very positive outlook for Tezos for the next five years. The price of this digital currency will reach $ 6.1 from 2023 and more than $ 25 in the next five years. This means more than 800% growth by 2025.
Tezos price prediction until 2022
In 2022, Tezos will break its price record, and by the end of 2021, with explosive growth, it could reach more than twice the current price. At the end of 2022, the price of Tezos is something close to $ 6.1.
The price of Tezos in 2025
From the end of 2025, Tezos will experience the highest growth rate. The price of this cryptocurrency can reach $ 24.06 with a growth of 825%. It is likely that by 2025, the use of smart contracts and second-generation Blockchains will increase dramatically.
Is Tezos suitable for investment?
The power of cryptocurrency is considered to be its Blockchain power. The more up-to-date, faster, and more secure a Blockchain is, the better its token investment can be. Tezos is one of those currencies whose Blockchain can easily change its nature without creating problematic hard forks. So this option can be a big reason to increase investment. Price predicting algorithms all emphasize increasing the price of Tezos 6 to 8 times over the next five years.