In this article, ChangeNOW will break down the basics of Tezos cryptocurrency and make a prediction on the XTZ future price. We base our opinion on the current market chart analysis, opinions of cryptocurrency influencers and our own analytical projections, making a Tezos price prediction as a result.
What is Tezos?
Tezos is a decentralised blockchain that aims at establishing a “true commonwealth”. A commonwealth, if you have not heard of it before, is a group of individuals, projects or even countries that decide to work together due to their common interests and shared goals. Tezos wants their token holders to help govern and improve the platform. Tezos is a smart contract platform (just like Ethereum), but the governing methods mentioned above make Tezos stand out from the usual smart contract routine. The Commonwealth system allows the blockchain to gradually develop instead of performing radical upgrades (hard forks). XTZ holders vote for approval or disregard of developer’s proposals.
Besides, Tezos is a chain relying on Proof of Stake of PoS – validations are performed through virtual mining, not the usual physical type. In order to participate in PoS all you need to have are XTZ tokens. Delegates Proof of Stake that Tezos uses also allows the holders to ask somebody else to validate on their behalf.
Tezos Price Prediction 2019
Cryptocurrency market is a highly volatile space, so making cryptocurrency price predictions is generally a challenging task. However, ChangeNOW made short-term and long-term Tezos price projections, basing our opinion on the current market state, XTZ price charts and already-existing Tezos value predictions. The Tezos price chart is provided below.
The latest Tezos news shows that the platform is actively working on providing grants and doing other kinds of collaborations. This factor is sure good for the coin’s publicity and acceptance. Now, with this crypto added to big exchange Platforms, including ChangeNOW, the price of Tezos began to rise. However, the bad news is here as well – it is quite unlikely that XTZ will experience a major price growth. Looking at the current Tezos value as well as its competitors on the market (such giants as Ethereum and EOS), it is quite hard to imagine Tezos at a high price point.
The estimate Tezos price forecast for 2019 would be – there will, most probably, be a growth in the XTZ price, but it is unlikely to go higher than $3.5.
The long-term XTZ projection is equally hard to make – the developers are sure making big steps is pushing the coin through, but is it going to be enough to succeed? Well, who knows.
However, it is interesting to see a platform like Tezos in action: Tezos community is strong and supportive, the developers definitely strive for the best results and the acceptance is increasing.
“super important to be focused on the fundamentals and what really matters long-term. hard when the sector is so chaotic and filled with noise but it is important. I think the future favors those who are disciplined in this regards.”
— Tezos Foundation (@TezosFoundation) December 7, 2018