Tezos Price Prediction 2025: XTZ Price Stagnation Expected to Continue
What's next for Tezos?
Key Takeaways
- XTZ underperformed the market in 2023 but still made an annual profit.
- The Tezos coin supports a blockchain that is designed to alter itself rather than having to rely on hard forks.
- What’s next for XTZ?
- One price prediction says it could reach $2 next year.
Although the Tezos blockchain succeeded in 2021, it struggled in 2022, losing over 80% of its value. And while things got better over the course of 2023, it still underperformed against the overall crypto market.
By Oct. 28, 2024, XTZ was worth about $0.6405, notably down more than 35% from the $1 recorded on the first day of the year.
Let’s take a look at our Tezos price predictions, made on Oct. 28, 2024. We will also examine the Tezos price history and talk a little about what Tezos is and what it does.
Tezos Price Prediction
Let’s examine some of the Tezos price predictions CCN made on Oct. 28, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
| Minimum XTZ Price Prediction | Average XTZ Price Prediction | Maximum XTZ Price Prediction | |
|---|---|---|---|
| 2024 | $0.50 | $0.90 | $1.20 |
| 2025 | $0.80 | $1.50 | $2 |
| 2030 | $1.80 | $4 | $6.50 |
Tezos Price Prediction 2024
XTZ’s price is expected to remain relatively modest in 2024, fluctuating between $0.50 and $1.20, as it finds stability after previous volatility. With potential consolidation around its current price levels, a breakout above $0.70 would set the stage for moderate gains. Still, overall growth may be limited by cautious investor sentiment and uncertain market conditions.
Tezos Price Prediction 2025
In 2025, a sustained uptrend is more likely if XTZ confirms support above $1, paving the way for an average price near $1.50 and a possible high of $2. This increase would be driven by a renewed bull phase and heightened market interest, with growing adoption in decentralized finance (DeFi) and blockchain applications providing solid support.
Tezos Price Prediction 2030
By 2030, XTZ could reach significant highs, with an average price target of $4 and a potential maximum of $6.50 if adoption accelerates and the broader crypto market matures. XTZ’s long-term potential is anchored by evolving blockchain applications and continued interest in DeFi, giving it the momentum to grow steadily over the decade despite some market fluctuations.
Tezos Price Analysis
XTZ entered a bull phase last October, peaking at $1.60 on March 12, 2024, before reversing into a downtrend that reached $0.60 by Aug. 5.
This marked the lower boundary of its support zone, with a brief dip to $0.54. Since then, XTZ has formed a symmetrical triangle, indicating potential consolidation.
Short-term Tezos Price Prediction
On the hourly chart, XTZ appears to have developed a five-wave pattern within the triangle, possibly completing an ABCDE correction. After testing ascending support on Oct. 26, XTZ showed a slight bounce, hinting at possible upside.
A breakout above $0.70 and sustained support would confirm a new bull phase, potentially leading to a rally toward $1 and beyond in 2025. The Tezos price prediction for the next 24 hours is will hinge on whether that breakout can take place.
Tezos Average True Range (ATR): XTZ Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Oct. 28 2024, Tezos’ ATR was 0.011, suggesting low volatility.
Tezos Relative Strength Index (RSI): Is XTZ Overbought or Oversold?
On Oct. 28, 2024, the Tezos RSI was 46, indicating a slightly bullish sentiment.
Tezos Market Cap to TVL Ratio
The Total Value Locked (TVL) to market cap ratio (TVL ratio) measures the valuation of a decentralized finance (DeFi) project by comparing its market capitalization to the total value of assets locked in its smart contracts. This ratio shows the project’s utilization and links the platform’s health to locked asset value. A ratio above 1.0 indicates overvaluation because the market cap exceeds the value of assets used in the platform. A ratio below 1.0 indicates undervaluation because the market cap is lower than the value of locked assets.
On Oct. 28, 2024, the Tezos TVL ratio was 12.9, suggesting overvaluation.
Tezos and the CCN Index: XTZ Price Momentum
The CCN Index uses a range of indicators to calculate a cryptocurrency’s price momentum.
On Oct. 28, 2024, Tezos scored 29.2 on the CCN Index, suggesting weak price momentum.
Tezos Price Performance Comparisons
Best Days and Months to Buy Tezos
| Day of the Week | Friday |
| Week | 7 |
| Month | March |
| Quarter | First |
Advantages and Disadvantages of Tezos
CCN’s Senior Research Analyst, Toghrul Aliyev, investigated Tezos in depth and found the following advantages and disadvantages.
Advantages of Tezos
- Net Positive Staking Returns: Tezos offers stakers a positive net return. The average annual staking yield of 6.58% outpaces the supply inflation rates of 4.85% for circulating supply and 4.68% for total supply .
- Open Source Development: Tezos is open source, meaning its code is publicly available for anyone to inspect and audit. This transparency enhances security and allows developers to contribute easily.
- High Decentralization : Tezos has a Nakamoto coefficient of 29, which means 29 validators control 33% of the network. The coefficient is an important metric for assessing centralization. A higher number suggests a better distribution of control among validators and indicates strong decentralization. For comparison, the Nakamoto Coefficient of Ethereum is only 2 .
- Self-Amendment and Upgradeability: Tezos can upgrade itself without needing a hard fork, which helps maintain a unified network and avoids issues such as fragmentation seen in Bitcoin Cash and Ethereum Classic.
- Solid Security: Tezos improves security by isolating its consensus mechanism from transaction execution. The separation prevents issues in one layer from affecting the entire system. For instance, if a bug or attack occurs in the transaction layer, like a faulty smart contract, the consensus layer responsible for validating and securing the blockchain remains unaffected. Hence, the network maintains stability and security.
- Effective Upgrades: Tezos focuses on continuous platform improvement. For example, recent upgrades, like Mumbai and Paris , have significantly reduced block times from 30 seconds to 15 and then to 10 seconds.
- Diverse Ecosystem : Tezos supports 85 active projects across various sectors, such as DeFi, digital identity, gaming, and NFTs.
- Resilient and Reliable: Tezos launched as an ICO in 2017 and has endured the bear markets of 2018 and 2022.
Disadvantages of Tezos
- Stagnant Developer Activity: Tezos ranks 131st with only 138 commits in the past week among other blockchains. It also has just 22 weekly active developers , making it 121st by that measurement.
- Low User Adoption : In almost six years since the mainnet launch, Tezos has only 2,300 daily active users, which is relatively low.
- Centralized Token Holdings : The top 100 holders of Tezos control 54.75% of the total supply. This can lead to centralization risks, where a small number of holders have significant influence over network decisions and market price.
- Market Competition: Despite its unique features, Tezos faces stiff competition from other blockchain platforms like Ethereum and Polkadot, which have larger developer communities and more established ecosystems.
- Complex Programming Language: Tezos uses Michelson, which can be difficult to learn and use, especially for developers unfamiliar with stack-based languages or formal verification concepts. Michelson also has a smaller developer community and fewer resources. Additionally, writing and verifying smart contracts in Michelson can be time-consuming and potentially slow down development processes.
Tezos Price History
Following that, let’s now take a look at some of the key dates in the Tezos price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Tezos price prediction.
| Time period | Tezos price |
|---|---|
| Last week (Oct. 21, 2024) | $0.7138 |
| Last month (Sept. 28, 2024) | $0.7638 |
| Three months ago (July 28, 2024) | $0.7808 |
| One year ago (Oct. 28, 2023) | $0.7359 |
| Five years ago (Oct. 28, 2019) | $0.9288 |
| Launch price (July 1, 2018) | $4.41 |
| All-time high (Oct. 4, 2021) | $9.18 |
| All-time low (Dec. 7, 2018) | $0.3146 |
Tezos Market Cap
The market capitalization, or market cap, is the sum of the total number of XTZ in circulation multiplied by its price.
On Oct. 28, 2024, Tezos’ market cap was $646 million, making it the 103rd-largest crypto by that metric.
Who Owns the Most Tezos?
As of Oct. 28, 2024, a wallet linked to the Upbit exchange held more than 4.25% of the total XTZ supply.
Richest XTZ Wallet Addresses
On Oct. 28, the five wallets with the most Tezos were:
- tz1beW9AVJjE9QpTGYVPdtZCF5w1NPknMJ3T. This wallet, listed as Upbit 12, held 42,688,427 XTZ, or 4.27% of the supply.
- tz1Q3jvYU9knekDYJfyvj3GjUy6898MNjvb2. This wallet, listed as Binance Delegator 2, held 37,031,138 XTZ, or 3.71% of the supply.
- tz1cSHz482Fc4LUhETe4gQxv5xUwH3n7wb9E. This wallet held 31,114,558 XTZ, or 3.12% of the supply.
- tz1gfArv665EUkSg2ojMBzcbfwuPxAvqPvjo. This wallet, listed as Kraken Baker, held 25,751,076 XTZ, or 2.58% of the supply.
- tz1cJTktkAEhxyWZAyQrjcqZJ3BeQYyQMvBt. This wallet held 15,361,581 XTZ, or 1.54% of the supply.
Tezos Supply and Distribution
| Supply and distribution | Figures |
|---|---|
| Total supply | 1,029,813,062 |
| Circulating supply on Oct. 28, 2024 | 1,009,289,560 (98% of the total supply) |
| Holder distribution | The top 10 holders own 21.2% of the total supply as of Oct. 28 2024 |
From the Tezos Whitepaper
In its technical documentation or whitepaper , Tezos says that it can, in simple terms, fix itself.
The whitepaper says: “Tezos supports meta upgrades: the protocols can evolve by amending their own code.”
Tezos (XTZ) Explained
The Tezos blockchain was first proposed in 2014 and came online in 2017. It was designed to work well even when traffic was high, meaning that it is, theoretically, scalable.
The platform supports decentralized applications (dApps) using smart contracts and computer programs that automatically execute once certain conditions are met.
Tezos is supported by its own eponymous crypto coin, known by the ticker handle XTZ.
How Tezos Works
Tezos is a self-amending blockchain. This means that when a vote is taken to change something on the system, it is put in place automatically. This means that the system is, at least in theory, immune from hard forks, moves that basically split the blockchain and potentially create new cryptos as a result.
The blockchain uses a Proof-of-Stake consensus mechanism. People are selected to validate transactions and add blocks to the blockchain-based on how much XTZ they hold.
The XTZ coin gives holders votes on the system’s future and the right to add blocks to the blockchain. It can also be bought, sold, and traded on exchanges to pay for network fees.
Is Tezos a Good Investment?
It is hard to say. Tezos made a small recovery in 2023. However, the shadow of the disasters of 2022 is still looming over it, and it has fallen so far this year.
That said, Tezos is a useful blockchain. The idea that it can change without splitting does, at least in theory, give it a certain solidity that might make it appealing to investors.
As always with crypto, you should do your own research before deciding whether or not to invest in XTZ.
Will Tezos go up or down?
No one can really tell right now. While the Tezos crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can and do go down and up.
Should I invest in Tezos?
Before deciding whether to invest in Tezos, you will have to do your own research, not only on XTZ, but on other related coins and tokens such as Solana (SOL) and Cardano (ADA). Either way, you will also need to ensure you never invest more money than you can afford to lose.
Technical analysis by Nikola Lazic.
FAQs
Will Tezos reach $10?
It might do, but not for a while yet. Price predictions based on technical analysis say XTZ won’t reach double figures until at least the 2030s.
What is Tezos used for?
The XTZ token is used to reward people who add blocks to the Tezos blockchain. Holders can vote on changes to the network, and XTZ can be bought, sold, and traded on exchanges.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Hifi Finance Price Prediction 2024: Can HIFI Rise Again?
