Tezos price prediction: Is XTZ a good investment?
With more people taking an interest in XTZ, what's the tezos price prediction?
- Tezos price history: early years and growth
- Positivity around XTZ price
- Tezos price history: decline and rebirth?
- Highest monthly close
- Tezos (XTZ) price predictions
The tezos (XTZ) cryptocurrency aims to help power Tezos, a blockchain which adjusts itself and, theoretically, never has to go through a hard fork. What is happening to it, and what is the tezos price prediction?
Before we look into that, we should have a run through XTZ’s price history. While past performance is never a guaranteed indicator of future results, it is worth looking at what tezos has done and how it has reacted to events in the past to give some context to an XTZ coin price prediction.
Tezos price history: early years and growth
When tezos was launched in the open market in 2017, it was worth a decent amount for a new coin. On 2 October of that year, it was available for about $1.66. There were some ups and downs but, when XTZ started being traded, the cryptomarket was on the verge of a massive boom period. Tezos was caught up in this and shot up to an all-time high of $12.19 on 17 December that year.
The price soon corrected itself, and XTZ spent much of the next few months trading somewhere in the region of $2 and $4. By July that year, though, the price fell back to somewhere between $1 and $2 and this was followed by a spell in 2019 where it was worth less than $1. There was some recovery to above $1 towards the end of the year. In 2020, the first few months saw it traded around and above $3, but then there was pullback to see it hover around $2, and it closed the year at $2.02.
Positivity around XTZ price
January 2021 saw some positivity around the XTZ price, with a monthly high of $3.39 on 23 January followed by a close of $2.84, up more than 40% from the end of December. In February, the ongoing boom in the crypto market saw tezos caught up in the excitement, with a monthly high of $5.58 on 14 February representing a rise from the previous month’s best figure of just under 65%, while the closing score of $3.41 was not just up 20% from January’s close, it was also slightly higher than that month’s high, too.
March saw more growth, with a sustained run above $4 culminating with a monthly high of $4.91 intraday on 31 March. This high was followed by a very slight fallback to close both the day and the month at $4.86. While the coin did not quite reach the heights it had hit in February, it managed to be more consistent and more sustainable, with the price at close up about 42.5% month-on-month. This sort of sustainability would have served as a boost for a tezos coin price prediction.
April was another month of growth, at least for the first part. The sustained spell above $4 meant the $5 mark would be next to fall, and that happened on the very first day of the month, with an intraday high of $5.38 followed by a close of $5.16. There was still more room for growth, though, and the $6 barrier was the next one to fall, with an intraday high of $6.46 on 6 April. The coin did not stop climbing, and the $7 mark was smashed on 10 April, before a monthly high of $7.67 on 17 April. This rise was followed by a fall and the coin closed the month at $5.61, still up more than 15% from the end of March but down more than 25% from the monthly high.
XTZ/USD price history
|Dec 8, 2021||5.3795||-0.1290||-2.34%||5.5085||5.7097||5.2037|
|Dec 7, 2021||5.5085||1.4696||36.39%||4.0389||5.5383||3.7020|
|Dec 6, 2021||4.0412||0.2672||7.08%||3.7740||4.0872||3.4068|
|Dec 5, 2021||3.7740||-0.2585||-6.41%||4.0325||4.1344||3.4845|
|Dec 4, 2021||4.0303||-0.6497||-13.88%||4.6800||4.6837||3.2777|
|Dec 3, 2021||4.6860||-0.2835||-5.70%||4.9695||5.2251||4.5296|
|Dec 2, 2021||4.9677||-0.1324||-2.60%||5.1001||5.1812||4.6248|
|Dec 1, 2021||5.0975||-0.2437||-4.56%||5.3412||5.3711||4.9288|
|Nov 30, 2021||5.3353||-0.1322||-2.42%||5.4675||5.7714||5.1055|
|Nov 29, 2021||5.4676||0.9352||20.63%||4.5324||5.6137||4.4214|
|Nov 28, 2021||4.5324||0.0335||0.74%||4.4989||4.5412||4.1571|
|Nov 27, 2021||4.4989||-0.0369||-0.81%||4.5358||4.6502||4.4485|
|Nov 26, 2021||4.5383||-0.3997||-8.09%||4.9380||5.0692||4.3785|
|Nov 25, 2021||4.9380||0.1709||3.58%||4.7671||5.0478||4.6588|
|Nov 24, 2021||4.7687||-0.2066||-4.15%||4.9753||5.0421||4.6427|
|Nov 23, 2021||4.9750||0.1088||2.24%||4.8662||5.0713||4.7790|
|Nov 22, 2021||4.8809||-0.2013||-3.96%||5.0822||5.0986||4.5262|
|Nov 21, 2021||5.0822||-0.2969||-5.52%||5.3791||5.4149||5.0347|
|Nov 20, 2021||5.3790||0.2404||4.68%||5.1386||5.4569||5.0552|
|Nov 19, 2021||5.1327||0.4628||9.91%||4.6699||5.1802||4.5652|
Tezos price history: decline and rebirth?
Things changed in May. Initially, things still looked upbeat. There was a monthly high of $8.40 on 7 May. The price slid down but was still operating in the mid-to-high $5 mark when disaster struck.
The Great Crypto Day Crash of 19 May saw tezos caught up in the maelstrom. On 19 May, the coin enjoyed an intraday high of $5.84, but then it lost more than half its value to hit an intraday low of $2.89. There was some recovery to close at $3.62, but the damage was done and the monthly close of $3.61 saw it down more than 35% month-on-month. June saw a recovery delayed, with a month-on-month drop of more than 15% to $3.04. Remarkably, July saw the coin close at exactly the same figure, meaning that, in the more medium term, there was no movement at all.
Highest monthly close
August was a better time for the crypto. There was some growth and when the price hit $5.40 on 25 August, it was above $5 for the first time since May and it broke through $6 for the first time since that month when it reached an intraday high of $6.13. The monthly close of $5.13 was not just up 68.75% from the previous month but, crucially, it was the highest monthly close since April.
September and October saw more encouragement, with the coin reaching a flat $8 for the first time since before the crash on 14 September. While there was some pullback, the coin had a better closing price than any of the previous months of the year at $6.08, which was up about 18.5% month-on-month. The coin managed to hit its 52-week high when it stood at $9.18 on 4 October. This was not sustainable and it closed the month at $6.32, a month-on-month rise of just under 4%.
November 2021 has been a comparatively weak period. The monthly high has been 5 November’s intraday high of $6.89 but the price spiralled down below $6 for a sustained period, and as of the afternoon of 22 November, it was as low as $5.10. By 6 December, the coin was valued at $3.97.
With that out of the way, let’s take a look at what people are saying about a tezos price prediction. Predictions are very often wrong, though, and many long-term forecasts are made via an algorithm and can change at any time.
Tezos (XTZ) price predictions
PricePrediction says that XTZ should reach an average price of $5.94 in 2022, $8.39 in 2023, $12.18 in 2024 and $18.40 in 2025. The same site forecasts an average price of $27.26 in 2026, $39.62 in 2027, $57.56 in 2028 and, a year from that, the average value should be $82.83. The site’s tezos price prediction for 2030 is an average of $123.89.
WalletInvestor has a tezos price prediction for 2022 of about $6.19 in a year’s time. The site also says the price should be somewhere about $15.57 in five years. Meanwhile, gov.capital says the value of XTZ on 6 December 2022 should be around $7.62, about $12.02 a year from that and $17.66 12 months from then. The site’s tezos price prediction for 2025 sees it reach an average of about $23.34 on 6 December of that year and 12 months after that, gov.capital says the price should be around $29.54.
It might be. Tezos has certainly performed very well over the last 12 months, more than doubling in value, despite recent drops. That said, you need to be cautious. Cryptocurrencies can be highly volatile and prices can definitely go down as well as up. You will need to do your own research and never invest more than you can afford to lose.
The market has been somewhat bullish as of late, and tezos has risen over the past year, even if it has been weak recently. That said, cryptocurrencies can be highly volatile and prices can go down as well as up. You will need to do your own research and never invest more than you can afford to lose.
This is a question only you can answer. Do your own research, remember prices can go down as well as up, and never invest more money than you can afford to lose.