Tezos Price Prediction 2022-2026- Will the Price of XTZ Hit $5 by the End of 2022?
Unlike Proof-of-Work blockchains like Bitcoin or Ethereum, Tezos’ Proof-of-Stake requires significantly less energy and cost to operate, making it an ideal alternative platform for building blockchain applications that are eco-friendly.
Tezos is built to adjust, adapt, and add features and functionality through its proven on-chain upgrade mechanism.
What is Tezos (XTZ)?
Tezos is a decentralized open-source blockchain that can be used for peer-to-peer transactions and also serves as a platform for deploying smart contracts.
Tezos (XTZ) was launched in October 2018. The headquarters of Tezos is in Luxembourg. During its ICO in June 2017, it raised a whopping $232 million worth of BTC and ETH. The two co-founders of Tezos are Arthur and Kathleen Breitman.
Tezos is one of the leading smart contracts Proof of Stake blockchains. Tezos smart contracts can use formal verification, allowing them to be mathematically verified, reliable, and secure.
Now, we shall consider the price analysis of Tezos (XTZ) for the coming years.
Price Analysis of Tezos (XTZ)
Flashback: Fundamental Analysis of Tezos
Tezos is among the few cryptocurrencies with good prospect in the long-term. This is due to the recent publication by Analytic Insights that Tezos is one of the few cryptocurrencies that can make one a millionaire soon. This is true, since the present return on investment XTZ in the past 29 months is about 1113% according to CoinMarketCap. If this performamce is repeated in the next 10 years, an investment of $1000 now will be worth over a million dollar in 10 days.
Also, the news of the recent upgrade called Ithaca 2 and which saw the replacement of the current consensus algorithm, known as Emmy, with Tenderbake. This has reduced the amount of XTZ required for users to join the network validators by 25%. Users can now join the network with 6000 XTZ instead of the previous 8,000 XTZ that was required. This new development has increased the decentralization effort of the Tezos network according to Cryptoknowmics.
We shall now use charts to explain Tezos price analysis.
https://www.tradingview.com/x/ANbwwlZz/
The chart above represents the key levels for Tezos (XTZ). It would be observed that XTZ will form a double bottom at $3.63 support1 level. If the price plummets to this level, it should be expected that the price will experience a bullish run that would see XTZ to trade above $5 soon.
https://www.tradingview.com/x/Rny0Cq91/
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the 1Day Keltner Channel chart for Tezos (XTZ) above, it could be seen that the present uptrend could continue since the last candlestick is within the first part of the channel from the top. This shows that the present decrease in the price of XTZ might not be sustained for long before a bullish reversal would be expected.
https://www.tradingview.com/x/Mbc2ma7k/
The 200-MA is above the 100-MA in the XTZ 1day chart above. However, since the 100-MA is below the recently formed candlesticks and the gap between the two moving averages is wide-we should expect a bullish run soon.
Now, we shall see the price prediction of Tezos (XTZ) in the next five years.
Tezos Price Prediction for 2022
The price of XTZ will be at least $5 by the end of the year 2022. This is due to the recent bullish trend of XTZ that saw its price increase by over 24.4% in the past 30 days according to CoinGecko. We should expect it to break some psychological resistance levels to before the year runs out due to more inflow of investors in the market that had seen the entire cryptocurrencies market capitalization worth over $2.21 trillion presently.
Tezos Price Prediction for 2023
The price of Tezos will trade at least $12 by the fourth quarter of 2023. This is if it is able to hold the support level at 200 moving average as the year runs.
Tezos Price Prediction for 2024
The price of XTZ will be at least $25 by the end of December 2024. This is due to expected upgrades and partnerships in the Tezos ecosystem so as to maintain its competitiveness in the market.
Tezos Price Prediction for 2025
The price of Tezos will be $50 by the end of the last quarter of 2025. This is due to more adoption of XTZ due to the inflow of more developers that uses the Tezos smart contract as a result of its high speed and low cost for transactions.
Tezos Price Prediction for 2026
The price of XTZ will be $60, $75, $84, and $120 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2026 respectively. The long-term price analysis of XTZ is bullish with the simple moving average indicator and charts.
We shall now look at different media houses' price predictions for Tezos.
Tezos (XTZ) Price Prediction: Market Sentiments
CoinQuora
According to CoinQuora, the price of Tezos will reach $10 in 2022 and $100 by the year 2026. The price of the coin is expected to give a return on investment of over 1000% in the next four years.
DigitalCoin
According to DigitalCoin, the price of Tezos (XTZ) will reach $5.27 in 2022 and $21.20 in 2031. The coin is expected to rise by over 350% in the next nine years according to their long-term forecast analysis.
PricePrediction
According to PricePrediction, the price of XTZ will reach $4.76 in 2022 and $123.48 in 2031. This is due to the results of the long-term forecast for the coin that gave over 2500% returns in the nine years as a result of the positive forecast in the price of Bitcoin and Ethereum in the same duration.
Our Tezos (XTZ) Price Prediction
By the end of 2022, 2023, 2024, 2025, and 2026 the price of XTZ might trade at at least $5, $12, $25, $50, and $120 respectively.
Conclusion
From the fundamental analysis and the market sentiment around Tezos, we can deduce that all analyses are of the opinion that XTZ would be bullish in the future which will be rewarding for long-term investors.