Tezos (XTZ) is one of the more unique cryptocurrencies out there because it relies on proof of stake rather than proof of work.
In other words, this means that it does not rely on mining tez on the blockchain. Instead, users are rewarded for holding tez.
Anyway, this article will cover our price predictions for Tezos. We will also cover whether Tezos is a sound investment, if you should invest in it today, and where you can buy Tezos.
Tezos (XTZ) Price Predictions
The current price of Tezos (XTZ) at the time of writing is a little under $2 per token at $1.990.
This section will compile some of the top cryptocurrency predictors predictions about Tezos (XTZ). Of course, no one has a crystal ball that can see into the future, so take these predictions with a grain of salt. But it is worth taking into account the different predictions because as a whole they offer some insight into the future price.
Wallet Investor’s Tezos (XTZ) Price Prediction
Wallet Investor has a positive outlook on Tezos. They predict that the token will rise by over 80% over the next year. Wallet Investor also does not anticipate any imminent crash of Tezos.
Digital Coin Price’s Tezos (XTZ) Price Prediction
Digital Coin Price has a negative short and medium term prediction for Tezos with a price of $0.55 in 2021, a price of $1.70 in 2022, and a price of $0.95 in 2023.
However, Digital Coin Price does have an optimistic view of Tezos in the long term future – they predict the price will rise to $6.26 in 2025.
Coinpedia’s Tezos (XTZ) Price Prediction
Coinpedia takes a very optimistic view of the future price of Tezos. They state that it’s likely that Tezos will experience “exponential growth” in 2021.
In fact, they state a price in excess of $8.00 is possible for Tezos in 2021. And a price of $20 is possible for Tezos in the next five years if the project goes according to plan.
Coinpredictor’s Tezos (XTZ) Price Prediction
Coinpredictor has a negative short term prediction for Tezos (XTZ) with a price of $1.71 in 4 weeks. That’s a 14.3% decrease in the price of Tezos (XTZ).
However, Coinpredictor has a very optimistic medium term prediction for Tezos with a price of $6.79 in 3 months. That’s a 245% increase in 3 months.
Is Tezos (XTZ) a good investment?
First of all, no one can predict the future price of any asset. And that includes cryptocurrency.
However, Tezos does seem more likely than not to increase over the short and medium term future. This is especially true if DeFi causes the next cryptocurrency bull market, which seems increasingly likely in 2021 or 2022.
With that in mind, we do believe that Tezos is a good investment. Especially because proof of stake cryptocurrencies seem like a good alternative to proof of work cryptocurrencies.
Should I buy Tezos (XTZ) today?
Yes. Cryptocurrencies as a whole are vastly undervalued compared to what they will likely cost in the future.
The only thing to watch out for with cryptocurrencies is that the coin or token you invest in is a good project. And, in our opinion, Tezos is an excellent project with a good concept and solid team behind it.
Basically, if a cryptocurrency survived the bear market that lasted from 2018 to the present, then it is likely an excellent cryptocurrency. The poorly managed cryptocurrencies basically disappeared at the beginning of the bear market.
Where to buy Tezos (XTZ)?
You can find Tezos (XTZ) on all the popular cryptocurrency exchanges – it’s a popular enough cryptocurrency. These exchanges include Coinbase, BitFinex, Binance, Kraken, and so on.
We recommend purchasing Tezos on Coinbase or Binance because those are both popular cryptocurrency exchanges that have a high level of trust.
They’re also easy exchanges to use, but any exchange that sells Tezos (XTZ) should work fine. Unfortunately, it can be difficult to find a Tezos (XTZ)/United States Dollar (USD) trading pair, so you often have to purchase it with Bitcoin (BTC) or Ethereum (ETH).
That covers it for our prediction on the future price of Tezos. In our opinion, we do think the price of Tezos (XTZ) will remain stable or rise slightly, but we do not believe the price will jump 200% in the span of three months as many cryptocurrency predictors are predicting.
However, it still looks like Tezos is a wise investment. And a cryptocurrency worthy of a small investment simply due to the fact that the price is low at $2.00 per token.