I think it has something to do with Tezos being an Ethereum-compatible Layer-1 blockchain. Tezos can solve Ethereum's scalability issues - it increases transaction capacity and speed and accomodate more users and data.
Also, people are bullish about Tezos. Even Michael van de Poppe thinks Tezos could follow Solana. There are also NFT projects being built on Tezos so I think that's also a contributing factor.
If van de Poppe is right that Tezos will follow Solana, I think we could see its price around $30 before this bull run ends.
How has the recent bull run affected the outlook for Tezos? If you’re wondering ‘is Tezos a good investment?’, you’re in the right place.We’ll be sharing the top Tezos price prediction for 2021 and beyond. we’re taking a look at Tezos XTZ to find out what the experts have to say about its future performance and how much will Tezos be worth in 2021 and beyond.
In early December, the price of Tezos was $2.41 and its market cap was $1,811,686,035. This meant it was the world’s19th largest cryptocurrency — but how have those figures changed over the last few months?
The national media may have been preoccupied with the monumental growth of Bitcoin, but for crypto investors, the latest bull run has brought much food for thought. It’s not just the so-called ‘king of cryptocurrency’ that’s rocked in value since late 2020. Even Tezos, which has mainly been slow and steady since its record-breaking launch via ICO in 2017, has been caught up in the growth.
At the time of writing, Tezos has a price of $3.69 and a market cap of $2.8B. However, this isn’t quite as impressive as it sounds. XTZ may have surpassed its previous all-time high (ATH) of $4.36, but its performance hasn’t been enough to give it a competitive edge. It’s now the 28th largest cryptocurrency in the world, meaning that nine other assets have overtaken its lead.
Tezos just broke a new ATH. What are the reasons behind? How high can it potentially go?
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