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Tezos Price Index - Real Time Price Graph

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Tezos (XTZ)
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Tezos is a self-amending decentralized platform for building dApps with a native cryptocurrency, XTZ. Backed by a global community of researchers, validators, validators, and builders, Tezos tackles key problems facing blockchain adoption, including smart contract safety, upgradability, and open community participation.

The price of Tezos has seen a spectacular rise since its ICO in July of 2017, climbing more than 500% to its current price of $2.70. 

With an all-time high of $4.46 and no signs of network development slowing, many investors are picking Tezos to continue to outperform most asset classes.

Where to Buy Tezos?

While XTZ is seeing more and more market pairs on Tezos exchanges, it is still sometimes necessary to purchase it with another coin, like Bitcoin.

Buying XTZ through a broker for trading purposes is more straightforward, but it is important to choose one that is regulated by a leading global authority to ensure a safe trading and investing environment.

A Brief History on the Price of Tezos

In order to fully analyze the outlook for Tezos and its native cryptocurrency XTZ, we will need to look at the fundamentals of the platform, market sentiment about the project, and the global macro outlook for cryptocurrency in general.  

Key News for Tezos

Tezos is not based on mining like Bitcoin, a Proof-of-Work blockchain. Rather, token holders receive a reward for taking part in the Proof-of-Stake consensus mechanism in which they lock up XTZ and receive rewards for securing the network.

Large-cap cryptocurrencies have seen bullish momentum in the wake of the COVID-19 pandemic, with governments forced into large-scale stimulus leading to a flight to safe-haven assets like Gold and Bitcoin.

Bitcoin tends to lead the cryptocurrency market in terms of the general trend but Tezos has proved to be a standout performer.

XTZ went from a whitepaper in 2014, to a top ten cryptocurrency by market cap in 2020. The self-governing blockchain recovered exceptionally well from the ‘Black Thursday’ crash, recovering more than 207%, and beating off Bitcoin and just about every other asset class.

The Tezos Foundation is quietly building a Fintech VC empire with a number of key equity partnerships designed to capitalize on the emerging security token market (STOs), predicted by many to become a multi-trillion dollar market.

Tezos also recently announced in April that tokenized Bitcoin (tzBTC) is coming to the Tezos blockchain. This will bring both the Bitcoin brand and liquidity to XTZ, and provide Bitcoin with the functionality made possible by Tezos smart contracts.

 Tezos Timeline

  • July 01, 2017

Tezos burst onto the crypto scene raising $232 million in a then record-breaking ICO (XTZ price at ICO $0.47)

  • October 02, 2017

Tezos first trades on a cryptocurrency exchange (Tezos price debuts at $1.66)

  • June 10, 2018

Tezos Foundation announces the implementation of Know Your Customer/Anti-Money Laundering (KYC/AML) checks, for ICO participants. It wasn’t well-received by the market. (Price begins downtrend falling from $4.60 to all-time low of $0.39 cents on December 7)

  • September 17, 2018

Tezos mainnet launches (Price is at $1.40)

  • March 20, 2019

Coinbase announces support for Tezos staking (baking). Tezos Investors can park their XTZ tokens with them and receive a stream of revenue in return. (Tezos (XTZ) price begins uptrend from $0.89, doubling in price in less than three months)

  • March 12, 2020

The impact of the Coronavirus is felt in the cryptocurrency market, with a momentous market crash labelled ‘Black Thursday’ March 12, which saw Bitcoin’s value half in a single day. Tezos was one of the standout performers in recovering from this black swan event. (Price rallied by over 207% from the Black Thursday support level of $1.33 to just short of the $3 mark in less than two months)

  • May 01, 2020

Tezos (XTZ) announces a key partnership with Chainlink (LINK). Tezos will use Chainlink’s leading price oracle solution to enable developers on the platform to connect Tezos smart contracts to real-world data and systems. (Tezos prize jumps following the announcement rising from $1.21 to $1.77 on May 19)

Compare Tezos With Fiat Currencies, Commodities and Crypto

When you compare Tezos with other commodities, it’s performance is even more impressive in a year where the coronavirus reared its ugly head and wreaked havoc with the global economy. 

Tezos has been a project that has excited the cryptocurrency market since its inception and this has been reflected in the spectacular rise in the value of its native token XTZ.

Compare Tezos With Gold

People love to talk about gold as a safe haven, but Bitcoin has outperformed gold since the beginning of the year. Gold has risen about 15% since January, while Bitcoin has gained 30%. Perhaps even more surprising is that Tezos outperformed both Bitcoin and gold by a substantial margin gaining 85% since the beginning of the year.

Compare Tezos With Bitcoin

Tezos is a very different blockchain to the one employed by Bitcoin and it offers a different value proposition. Bitcoin’s strength lies in its time-tested immutability and security.

Tezos, on the other hand, is a newer and more flexible blockchain, which can facilitate more varied transactions through smart contracts. It is up more than 85% since January, while Bitcoin has only managed a 30% increase.

Compare Tezos With Crude Oil

Commodities like oil have been particularly hard hit by the Coronavirus this year. The impact of economies under lockdown and a price war between Russia and Saudi Arabia saw crude oil prices plummet into negative territory with -$40.32 the bottom of the barrel. Tezos and some other large-cap cryptocurrencies all outperformed oil by a wide margin, but few as convincingly as XTZ.

Compare Tezos With Ethereum

Tezos often gets compared with Ethereum. While similar, Tezos has a few unique features that distinguish it from the number two cryptocurrency by market cap. Both are Proof-of-Stake protocols, with Ethereum transitioning from Proof-of-Work. During this migration, Tezos, a native PoS blockchain, has an opportunity to steal a march on Ethereum.

Tezos claim their protocol is more advanced, able to evolve faster, and can innovate without the risk of contentious and disruptive hard forks. Ethereum’s (ETH) price has risen 65% this year, while Tezos has outperformed most of the market with an 85% increase in the value of XTZ.

Compare Tezos With USD

The US dollar has held up surprisingly well considering the effect COVID had on the economy since the start of the year. At times of financial crisis, people often hedge their exposure in cash, at least initially. 

The greenback is up 2% for the year but is under pressure from civil unrest and large-scale quantitative easing that many predict will lead to large-scale inflation down the line. 

Safe-haven assets like gold and Bitcoin outperformed USD since the beginning of the year, while Tezos offered a far better return than the paper currency.

Tezos Future Price Predictions

Tezos continues to see a lot of bullish momentum on the back of key partnerships and the general market perception that Tezos is well-positioned to capitalize on the rise of both DeFi (Decentralized Finance) and the Security Token Market (STOs) going forward. Okay, so let’s take a look at the outlook for XTZ over the next few years.

Tezos Price Predictions for 2020

At the time of press, XTZ was up 85% in 2020 with a market cap of $1.93 billion. Recent price has been extremely bullish according to technical analysis, suggesting Tezos has further to run after announcing its partnership with the other star performer of the cryptocurrency market, Chainlink.

The main threat to Tezos’ success this year is Ethereum 2.0 with the former platform yet to attract the same type of use of the more established chain. 

The success of the Ethereum 2.0 ‘Phase 0’ rollout will no doubt have a bearing on the price of XTZ this year. Tezos offers several advantages over Ethereum but it remains to be seen if it will develop the same network effects that are so crucial when it comes to cryptocurrencies.

The most notable difference between the two is the Tezos network’s on-chain governance. This allows holders of XTZ to vote to determine the network’s future direction. This also ensures Tezos is easier to upgrade and open to adding the latest innovations.

The fact that Ethereum is now pivoting to Proof-of-Stake suggests Tezos chose the right blockchain design, to begin with. Tezos will not face the technical hurdles of Ethereum’s ambitious migration.

Tezos Price Predictions for 2021

When Tezos holders stake their XTZ, they earn a passive income by participating in the Tezos network via delegation. These locked-up Tezos tokens help secure the network and they are removed from the available supply.

This creates upward pressure on the XTZ token price and we foresee XTZ continuing to outperform both Gold and Bitcoin in 2021, due to its growing network usage and diminishing circulating supply.

The Tezos blockchain continues to see more and more utility and with it, the price of XTZ is predicted to rise in short, medium, and long time-frames.

Beyond 2021 for Tezos

The Tezos Foundation is flush with cash following its record-breaking ICO and is becoming known as a financial powerhouse in the blockchain arena, putting its considerable war chest into driving adoption of the Tezos network.

The Foundation believes that Tezos will drive social, political, and economic innovation on a global scale and they are currently working on digital securities, payments, central bank digital currencies (CBDC), and Decentralized Finance (DeFi).

If Tezos is successful in completing just some of its ambitious goals, one would expect the native XTZ currency to command a far higher valuation than it is right now. 

Cryptocurrency is still a fledgeling market and lingering concerns over the regulatory environment have suppressed prices and led to rampant volatility. With every passing day, however, cryptocurrency is becoming more established and more regulated and as a result a safer investment. 

Based on our forecasts, we expect the price of XTZ to rise in value. The pace of development and an improving market for cryptocurrencies, suggests a more than 100% rise from its current price by 2021, is not unrealistic.

That would place Tezos at a tenth of the current market cap of Ethereum, a platform many believe is inferior in its capabilities. 

Tezos Price Conclusion

Tezos is without doubt one of the most exciting projects in the blockchain arena, particularly in the area of governance.

A multi-purpose platform that supports both decentralized applications (dApps) and smart contracts, XTZ has seen some of the most bullish price action on the cryptocurrency market since its launch in 2017, rising into the top ten cryptocurrencies by market cap.

Tezos held up well in recent volatility, with technical analysis suggesting a bullish trend for XTZ, at least in the short-term.

Tezos teaming up with Chainlink (LINK) caused the price of both tokens to rise, with Tezos smart contract developers now having access to real-world resources through Chainlink’s decentralized oracle network.

The genius of the Tezos network is that it incentivizes users to want to participate in the core development of the protocol.

The voting feature is a real blockchain innovation and Tezos’ ability to avoid contentious hard forks and the subsequent depreciation of its cryptocurrency, could prove to be a disruptive advantage over earlier generation blockchains.

Add to that a cashed-up Tezos Foundation hell-bent on growing a Fintech empire and securing a number of high-profile partnerships, and you most likely have a recipe for success. In terms of the market, Tezos has been going through a period of volatility. Some traders are profiting from this volatility by actively trading on OTC desks or brokerage platforms.

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Frequently Asked Questions

  1. Tezos is the brainchild of Arthur and Kathleen Breitman who laid out the vision for Tezos in a 2014 whitepaper. Arthur was a former research engineer for Google X and a quantitative analyst for Goldman Sachs, while his wife Kathleen previously worked at R3 CEV, Accenture, and as a Management Associate at Bridgewater Associates. The Tezos blockchain launched a beta net in June 2018, followed by its main net on September 17, 2018.

  2. Tezos is the product of many years of crypto, economic and philosophical contemplations and it has lofty ambitions. The Tezos Foundation envisages Tezos to be the premier blockchain platform for nothing short of a decentralized social and economic revolution. A decentralized economy running on the Tezos blockchain could be leveraged to improve the lives of the poor in developing countries and empower people in areas where there is government corruption, a lack of transparency, or infrastructure.

  3. Tezos has a self-governance system that enables the blockchain to be self-amending. As a result, governance on the Tezos blockchain runs more smoothly while also having the ability to form smart contracts.  Tezos is able to scale without shading, a complicated mechanism being deployed in Ethereum 2.0. Tezos’ was native ‘liquid’ Proof-of-stake (PoS) since launch and it isn’t faced with the migration hurdles of the more bloated Ethereum blockchain. In terms of price, Tezos being a newer project has outperformed Ethereum since the beginning of the year. 

  4. Tezos is one of the most developer-friendly platforms, employing its own developer language called ‘Nicholson’ and a comprehensive suite of tools and resources for anyone in the world to build on the Tezos blockchain.

  5. At the time of writing, there were 98 applications built on the Tezos blockchain including dApps, digital wallets, and tools. These can be viewed at the following link. 

  6. Tezos alleviates contentious hard forks via self-amendments and its on-chain governance mechanism. The on-chain governance enables participants to vote over a proposed amendment and upgrade the blockchain without a chain split.

  7. The most common mistake people make when trading or investing in Tezos, is not taking into account exchange fees. If you wish to trade or invest in Tezos, try to find a USD pair on an exchange or consider trading through a reputable regulated broker or ‘OTC desk’.

  8. Exchanges offer a wider array of coins to choose from and enable you to take possession of your Tezos. Brokers enable you to trade the value of Tezos, which is generally more convenient, has fewer fees, and greater security.

  9. Buying XTZ on an exchange can be expensive when you factor in deposit fees, withdrawal fees, and trading fees. That is why many people prefer to gain exposure to price movements without the hassle of owning coins and keeping them safe. Generally speaking, it is cheaper to buy XTZ, the native currency of the Tezos blockchain through a brokerage platform.  However, it is important to note you are not actually buying the underlying digital asset, only a CFD (Contract for Difference).

  10. The cryptocurrency market is still highly speculative. Think of it as digital roads or infrastructure being built, however not all of them will find widespread use. The ones that do, will be extremely valuable in the future. With its unique features, Tezos looks well equipped to continue to innovate and evolve, without fear of contentious community splits, seen by some other blockchains. Increasing interest from people in staking XTZ to earn a passive income, also suggests Tezos will continue to grow in capability and adoption. This will likely lead to an increase in the value of XTZ over the next few years. The cashed-up Tezos foundation is rumoured to have a war chest of more than $600 million USD that will be invested in advancing the adoption of the Tezos blockchain.

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