What Is Tezos?
Tezos is a platform for smart contracts as well as decentralized applications (dApps). In some ways, it has some similarities with Ethereum. Revealed on its website is the platform’s major feature which is: Participants, through voting, can manage the blockchain development. The Tezos basis is the Proof-of-Stake (PoS) algorithm
“Tezos is one of the sensational ICO in 2017, which managed to collect a fantastic $232 million in bitcoins. Due to disagreements between the founders, collective claims from investors and other legal problems, the launch of the platform was postponed.”
The XTZ Cryptocurrency
XTZ does for the Tezos platform, the same role ETH performs for Ethereum. With the aid of the Proof-of-Stake (PoS) algorithm, the coin can easily be obtained. It is used in executing smart contracts and as a means of exchange. XTZ can be purchased on exchanges like HitBTC, Kraken, Bitfinex, Gate.io etc.
Price Forecast: Tezos (XTZ) 2018 & 2019
At the start of July this year, the XTZ token was added to the Gate.io exchange. In a few days, its price dropped from $4.58 to $1.22. This happened because investors suddenly started selling their tokens. Also, CoinMarketCap (coin ranking website) could get enough info about coins turnover
Immediately the coin’s beta version was launched, the price of Tezos started recovering, rising to $2.45. Investors who are yet to sell their tokens are optimistic. They have a very good reason to think that way. The project has a very effective blockchain platform, which is a significant factor for growth.
We also expect the coin to be added to other big cryptocurrency exchanges like Huobi and Binance, which will definitely lead to an increase in its price. When Kraken listed the cryptocurrency in October 2018, its price suddenly rose by 8%. However, XTZ may not rise significantly in value. At least it has two great rivals EOS and Ethereum.
Our Price prediction for Tezos by the time 2018 comes to an end is $1.5, and in the winter of 2018 (Friday, December 21st 2018 to Wednesday, March 20th 2019), its price should be at $3. Its price during the summer of 2019 (Friday, 21st June 2019 to Monday, 23rd September 2019) should be at $3.5.