Tezos Price Predictions: Where Will the White-Hot XTZ Crypto Go Next?

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One of the more interesting tokens crypto investors are watching closely today is Tezos (CCC:XTZ-USD). This proof-of-stake ecosystem has grown in relevance as a place developers have flocked to for new projects. Accordingly, investors interested in where this project is headed may be interested in Tezos price predictions right now.

Tezos (XTZ) digital crypto currency. Stack of black and silver coins. Cyber money. 3D Render.
Source: RuskaDesign via Shutterstock

The Tezos network is notable for this blockchain’s self-amending properties. Via a complex mechanism, Tezos is able to enact updates without nodes manually doing anything. This reduces risks with the updating process, something long-term investors like in this space.

What this means is that developers looking for a stable platform to launch security tokens have come to Tezos. Non-fungible token (NFT) developers have also started to view Tezos as a platform worth considering. In fact, recent reports suggest that the number of smart contract transactions (mostly NFT-related) on Tezos have more than quintupled over the past year. That’s some aggressive growth.

For soccer fans, there’s another catalyst to watch with Tezos. The blockchain platform has reportedly entered into a £20 million per year deal with Manchester United. According to these reports, promotional materials have already been shot, and this is a done deal. As with other high-flying tokens that have recently done big marketing deals, this is a catalyst some investors may have their eye on moving forward.

If that’s not enough to pique your interest, let’s look at what the experts think about Tezos right now.

Tezos Price Predictions: What’s Next for XTZ?

For reference, XTZ currently trades at $3.76 per token, at the time of writing.

  • Wallet Investor currently provides one-year and five-year forecasts of $4.97 and $12.15, respectively, for XTZ.
  • Similarly, Gov Capital provides one-year and five-year projections of $7.61 and $30.49 per token.
  • Finally, CoinQuora provides a price prediction range of $3.53 to $5.87 for Tezos. However, this site suggests a lower and upper bound of $2.80 and $10 could be possible as well.

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.


Article printed from InvestorPlace Media, https://investorplace.com/2022/02/tezos-price-predictions-where-will-the-white-hot-xtz-crypto-go-next/.

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