XTZ, the native token of Tezos, a decentralized applications and smart contracts platform, could make an impressive debut in 2022 and beyond, with developments in the network.

The Tezos project quickly gained momentum despite the obstacles it faced from its inception. It managed to raise around $230 million in just two weeks during the ICO. Two years after launch, XTZ has been listed on more than ten major crypto exchanges.

What is Tezos (XTZ)?

Tezos was developed by former Morgan Stanley analyst Arthur Breitman and launched in 2018. For a long time, the project struggled with resolving legal issues related to requests from the U.S. Securities and Exchange Commission (SEC), including the resignation of Johann Gevers. Tezos Foundation worked with professional auditors from the famous PwC company to resolve all legal issues.

Tezos, a decentralized apps and smart contracts platform, launched its mainnet on September 17. And towards the end of 2018, it started to attract attention. After the Athens A proposal, which reduced the stake deposit from 10,000XTZ to 8,000 XTZ, developer activity increased by 90%.

XTZ, the native cryptocurrency of Tezos, is among the most popular altcoins to stake. It works with a different algorithm from the Proof of Work consensus, which focuses on mining.

Using the Proof-of-Stake consensus, Tezos provides the approval of blocks with a method called 'baking'. Staking wallets, which he calls 'Bakers', check for double spending and contribute to the ecosystem by confirming transactions.

Initially, baker wallet holders were required to deposit at least 10,000 XTZ in order to be active in the process of approving and issuing blocks. However, with the Athens A bid, this rate was withdrawn to 8,000 XTZ.

According to the project's whitepaper, the algorithm behind the Tezos blockchain appears to have been inspired by Ethereum founder Vitalik Buterin. Unlike Ethereum though, Tezos is a unique self-modifying blockchain with decentralized voting for new proposals.

Unlike Ethereum; There is no need for forks or hard forks in the Tezos network. Protocol-related decisions are made automatically, only with the approval of most XTZ owners.

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Current Tezos Forecasts and Analysis

During the ICO sale, the price of the token was 0.47 USD; This drop in the deposit we mentioned above helped the price of the coin rise from $0.4 to $1.08 USD. In the bull run on December 17, 2017, when there were huge rises in the crypto money market, the price of XTZ reached $ 12.19 and recorded ATH.

Undoubtedly, some developments that had a positive impact on the XTZ price also helped the price increase. E.g; A few popular crypto exchanges like Kraken have added BTC, ETH, USD, EUR and CAD and XTZ trading pairs to their platforms. Also, Binance has added Tezos to the Trust Wallet, which has had a positive impact on the price.

The bullish momentum, which mainly took place after the rally in 2017, first appeared in late 2019, when the XTZ staking pool was launched on Coinbase. This app allowed users to stake their tokens for an annual reward of around 5%. In this way, more new investors looking for ways to increase their capital started to join the platform, which triggered the uptrend.

However, XTZ, which lost most of its gains during the collapse in the entire market on March 11, 2020, managed to regain these losses to a large extent. After this date, XTZ has recorded a tremendous rise again. Meanwhile, many technical indices revealed that the cryptocurrency is poised for further bullishness. And finally, it recorded last year's high at $9.18 on October 4, 2021.

According to these indices, XTZ is still promising, especially as a long-term investment. In fact, the most important factor in the midst of this strong momentum in XTZ was the overall bullish trend dominating the proof-of-stake (PoS) market.

The largest cryptocurrency exchanges in the crypto ecosystem, such as Coinbase and Binance, have started allowing users to automatically stake their tokens. And the huge uptrend in Tezos coincided with Coinbase starting to issue staking rewards for XTZ tokens staked on the platform. When more exchanges or crypto platforms, perhaps even big funds, start supporting staking platforms; staking may turn into a much more important sector in the near future. This benefits the most staked popular coins like Tezos.

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Current Tezos price predictions and forecasts for 2022-2025

Current Tezos price prediction from WalletInvestor:

WalletInvestor's prediction for the end of 2022 for XTZ is $7. This forecast site claims that XTZ will be a much more profitable investment in the future and expects a long-term increase in XTZ price. And he predicts that by 2026, the price of the token could rally massively to $16. In other words, the 5-year return on investment of the token is expected to be around 228%. In this case, your current $100 investment could go up to $328 in 2026.

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The XTZ price predictions of another prediction site called Digitalcoin are as follows:

Current Tezos price: $5
2022: $7.38
2025: $15.87

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Tezos predictions from Tradingbeasts.com:

End of 2022: $6.45
2023 year-end: 7.41
End of 2024: 8.54

Captainaltcoin.com Tezos predictions:

XTZ price could rise to $24.76 by the end of the year, starting at $7.43 in 2022, according to the forecast site.

2025: $37.89

According to the forecasts of Captainaltcoin.com analysts, Tezos may be $ 10 by the end of 2022.