Tezos Prediction For 2021: XTZ Holds Position With Both Bulls And Bears

Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.
  • Tezos might pull of a trick by switching to the Bull rally by the end of this year and continue strongly with the bulls in 2021.
  • The Bulls will be the highest in January 2021, holding the market value at $5.23, which is a significant rise of $2 from today’s market.
  • The unique design of Tezos Blockchain is optimized for e-governance and also giving the option to the holders to cast a vote to make the desired changes in its ecosystem.

The Digital Stable Coin falling under the top ten categories has been under hype with every crypto market observer, nicknamed ‘Ethereum Killer’, Tezos is all about building a multipurpose platform to support Decentralized Applications (DApps) and build Smart Contracts.

The unique design of Tezos Blockchain is optimized for e-governance and also giving the option to the holders to cast a vote to make the desired changes on its ecosystem and kill forking of its network.

Tezos started to take its birth in the year 2015 when its creators Kathleen and Arthur Breitman started its coding under the company name Dynamic ledger Solutions with the programming language OCaml and was finally launched in the year 2018 with many speculations and behind the scenes discussions.

The XTZ Blockchain works on the principle of delegated proof of stake (DPoS) which supports Turing based smart contracts. The Initial Coin offering (ICO) of Tezos made a record of raising $232 Million within two weeks accepting funding from both Bitcoin and Ether.

Route Map for Tezos

Tezos stable coin is currently reigning the top ten spot with the rank at #10. However, the future of Tezos is varied as the trading charts show both Bulls and bears holding at support and restrictions.

It is currently trading at the market value of $3.67 with bears holding the average trade at -1.06%, and the XTZ market capitalization is at $2,572,484,601 with the 24-hour trading volume $248,613,247.

XTZ has a total supply and circulating supply standing at 701,440,033 XTZ, although its maximum supply is unknown as of now. The return on investment (ROI) character is on the green side with positive returns of 680.30%.

Tezos might pull of a trick by switching to the Bull rally by the end of this year and continue strongly with the bulls in 2021. The least price it Tezos could reach or support upon in the upcoming year will be at $3.35, which is a little lower to today’s market value.

The next support is observed at $3.38 and $3.42. The Bulls will be the highest in January 2021, holding the market value at $5.23, which is a significant rise of $2 from today’s market.

Tezos will continue to stay at the $5 mark till the near end of 2021 and predicts a fallback to $4 mark in the last months of 2021. The average trade is predicted at a range of $3.9 to $4.18 for the same year.

January 2021 will hold the biggest change or rise in the market value with the surge rate of 13.52% from today’s market value. Since this stable coin’s behavior is dependent on the route Bitcoin takes, Tezos will act accordingly.

As the market watchers have predicted the Bitcoin route prior to the halving this year and post halving, the changes for Tezos will occur simultaneously and lay the foundation for the road it will take in 2021.

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