XTZDOWN price prediction: What happens next?
XTZDOWN went up by more than 11,000,000% in September 2021, but what’s the XTZDOWN price prediction?
XTZDOWN generated a lot of excitement in September 2021 after the token went up by more than 11,000,000% in the space of just one day. It has gone from being a seemingly obscure crypto to a hot topic, so it’s worth taking a look at what it’s done and where it might go, as we see which analysts are making what XTZDOWN price prediction.
Before we do that, however, it’s also worth answering the questions ‘What is XTZDOWN coin?’ and ‘How does XTZDOWN work?’
XTZDOWN is a so-called Binance-leveraged token. It allows people using the Binance exchange to short their position and gamble that a particular crypto asset – in this case that the Tezos, or XTZ token – will go down. XTZ itself is the native cryptocurrency of the Tezos blockchain.
The reason that XTZDOWN has done so well is that Binance announced in late August 2021 that it would be consolidating the token. This meant that, once the reverse split happened, 100,000 of the old XTZDOWN would be worth one new XTZDOWN. This rekindled interest in the token, which in turn meant the price exploded before starting to fade away. This was normal and expected. However, it does leave the legacy of the token’s value being considerably higher than it had been.
Binance ceased the operation XTZDOWN trading and subscription services on 21 January 2022 and the leveraged tokens trading pair orders have been automatically removed.
As of 1 February 2022, 147,195.50 XTZDOWN tokens have been issued, according to crypto exchange Binance.
XTZDOWN price history: The early period
While past performance is not a guaranteed indicator of future results, it can still be useful to take a look at what the crypto has done in the past when we’re attempting an XTZDOWN price prediction.
The coin came onto the open markets in September 2020, opening on 11 September at $7.74. It reached an intraday high of $8.17 before retreating slightly and closing at $7.66. It reached the same intraday high the following day, before once again retreating to a lower point than it had opened at, this time closing at $7.34. The following day saw it reach an intraday low of $6.31 before closing up at $7.21, while on 14 September it reached a high of $7.83, a low of $6.61 and a close of $7.22.
While a contemporary short-term XTZDOWN crypto price prediction might well have seen the price continue in a general downward spiral, there was a change of direction on the horizon. On 15 September 2020, it broke through the $8 barrier for the first time, with an intraday high of $8.13 and a closing price of a flat $8, harbingers of the near future. It hit a high of $9.38 intraday on 18 September and on 19 September it spent the entire day over $8, with an open of $8.92, a low of $8.89, a high of $9.85 and a close of $9.31.
The token broke the $10 mark the very next day, closing at $10.52 after reaching a high of $11.22. Its initial bull run reached its zenith on 21 September, with XTZDOWN hitting a record level of $15.09 intraday before retreating to close at $14.10.
From here, the price started to drop slowly. Throughout the rest of September and October 2020 it pivoted around the $10 mark, sometimes up, sometimes down. By November however, XTZDOWN had turned bearish, and an intraday high of $10.62 on 6 November was the last time the coin’s dollar price would be in double figures for quite some time.
By December, it was hovering around $4. After a sudden spike of $8.13 intraday on 23 December, it closed the year at $3.93.
What is your sentiment on XTZ/USD?
XTZDOWN price history
While the early months of 2021 were a boom time for crypto, the XTZDOWN coin was seemingly not invited to the party. In fact, the price fell below $1 for the first time on 16 January, with an intraday low of $0.8734.
Although there was some recovery, the intraday low of $1.02 on 27 January would prove to be the last time that it was above the dollar mark until September. Between 9 February’s intraday high of $0.6765 and 11 February’s intraday low of $0.2882 the coin lost more than 57% of its value and, on 12 February, it was down to $0.1552.
There would be more bad news for the XTZDOWN coin and, while it hovered around the $0.10 mark for a while, it dropped below the 10 cent mark when it reached an intraday low of $0.08312 on 17 March. On 6 May, it fell to below a cent when it reached an intraday low of $0.00606.
While things might have started to look better, any hopes of immediate recovery were crushed by the great crypto day crash of 19 May. XTZDOWN fell from a high of $0.05256 to a low of $0.002972 – a drop of nearly 95% – in mere hours. The coin stayed in the doldrums, reaching an all-time low of $0.0001283 on 29 August.
However, good times lay ahead after the consolidation announcement and when consolidation happened on 9 September, the coin rose to more than 100,000 times its previous value, rocketing from $0.0002382 to $27.13. The price quickly fell back to close at $12.08 and moved down to finish 12 September at $5.39. The coin then fell further and was trading at around $2.60 on 27 October but made a slow and steady recovery to $3.77 by 26 November 2021.
By 1 December 2021, the coin failed to make a recovery and the coin was valued at $2.72. A brief high was seen on 4 December but continued on a general downtrend well into December and by the New Year 2022, the coin was worth $1.19. A slight recovery was made towards the end of January, and the coin levelled out at $2.60 by 1 February 2022.
XTZ/USD price history
|Aug 9, 2022||1.8556||0.0142||0.77%||1.8414||1.8556||1.8226|
|Aug 8, 2022||1.8416||0.0008||0.04%||1.8408||1.8944||1.8092|
|Aug 7, 2022||1.8408||0.0156||0.85%||1.8252||1.8796||1.7926|
|Aug 6, 2022||1.8252||0.0138||0.76%||1.8114||1.8473||1.7236|
|Aug 5, 2022||1.8091||0.0424||2.40%||1.7667||1.8375||1.7591|
|Aug 4, 2022||1.7667||0.0955||5.71%||1.6712||1.8037||1.6640|
|Aug 3, 2022||1.6712||0.0055||0.33%||1.6657||1.7380||1.5926|
|Aug 2, 2022||1.6671||-0.0918||-5.22%||1.7589||1.7798||1.6009|
|Aug 1, 2022||1.7589||0.0664||3.92%||1.6925||1.8027||1.6328|
|Jul 31, 2022||1.6925||-0.0799||-4.51%||1.7724||1.8029||1.6832|
|Jul 30, 2022||1.7715||0.1098||6.61%||1.6617||1.8134||1.6010|
|Jul 29, 2022||1.6616||-0.0122||-0.73%||1.6738||1.7244||1.6145|
|Jul 28, 2022||1.6738||0.0745||4.66%||1.5993||1.6977||1.5581|
|Jul 27, 2022||1.5993||0.0793||5.22%||1.5200||1.6001||1.4860|
|Jul 26, 2022||1.5174||0.0494||3.37%||1.4680||1.5182||1.4011|
|Jul 25, 2022||1.4681||-0.1699||-10.37%||1.6380||1.6418||1.4605|
|Jul 24, 2022||1.6377||0.0313||1.95%||1.6064||1.6750||1.5542|
|Jul 23, 2022||1.6055||0.0154||0.97%||1.5901||1.6380||1.5557|
|Jul 22, 2022||1.5905||-0.0407||-2.50%||1.6312||1.6949||1.5663|
|Jul 21, 2022||1.6312||0.0539||3.42%||1.5773||1.6438||1.5199|
XTZDOWN price predictions
What XTZDOWN coin price prediction is being made by analysts?
WalletInvestor says that the price will be $6.58 in a year’s time and $22.35 in five years’ time.
DigitalCoinPrice’s XTZDOWN price prediction for 2022 suggests the coin could reach $3.53. The XTZDOWN price prediction for 2025 is $5.35; in 2026 the coin could be worth $5.06 and continue its general upward trajectory to $10.99 in 2029.
Gov.capital is much less optimistic, suggesting that the coin will lose all of its value in April 2022.
As of 1 February 2022, 147,195.50 XTZDOWN tokens have been issued.
It’s hard to say. Certainly there are some experts who think XTZDOWN coin will go up, but there are as many who think it will go back down. Whether it will depends on whether you view the post-consolidation rise in price as being, in effect, artificial.
However, it is important to note that Binance will cease the operation XTZDOWN trading and subscription services.
If you are going to invest, you will need to do your own research, remembering that cryptocurrencies are highly volatile, that prices can go down as well as up, and that you should never invest more money that you can afford to lose.
It might do, it might not. XTZDOWN price predictions for 2022 vary hugely from publisher to publisher. Keep in mind that its recent price rise might be a result of the reverse token split. You will also need to remember that analysts’ forecasts are often wrong.
If you want to buy XTZDOWN, then you can do so at a range of exchanges. Just remember to do your research and never invest more money than you can afford to lose.