In this article, we will look at all the relevant details regarding the Tezos Protocol, its native token (XTZ), and other miscellaneous details regarding where to buy them and exactly how to do so.
We will also be looking at the market predictions and future price predictions for the coin in the final sections.
What is Tezos?
Tezos is one of the most powerful blockchain and open-source platforms that exist on the web.
The platforms deal with varying sorts of assets and other applications with a strong focus on improving code security, on-chain governance, and the decentralization aspect of assets.
Tezos was initially built as a protocol that that had its main priority in reducing the occurrence of bugs while developing smart contracts which made it particularly suitable for applications that demanded a high level of security and stability.
The Tezos Mainnet has gained a reputation over its years of providing uninterrupted and unbroken ever since its launch in 2018.
In the section below we will have a look at Tezos (XTZ), the native token in the Tezos blockchain.
What is Tezos (XTZ) token?
The native utility token of the Tezos network is called Tezos (XTZ).
The token has the following functions on the Tezos blockchain apart from helping run and secure the network using the staking mechanism :
The Token can be used to pay the network fees in the Tezos ecosystem.
The Token gives you the option to earn rewards for the amount you are willing to contribute to the staking mechanism
On top of this, the coin is also the basic accounting unit in the Tezos platform.
These are a few of the functionalities of the token in the Tezos platform.
Now let us look more into the market aspects of the token through the table below.
Through the given table we will get a general overview of the token and be able to highlight relevant market standing details of the coin.
| Name of the token | Tezos |
| Token Marker | XTZ |
| Current Price | $0.786463 |
| Price Change | +1.33% |
| Market Cap | $777,708,648 |
| Volume (24h) | $19,845,412 |
The Tezos coin was launched on July 1, 2017. In the two-week sale, they managed to raise up to $232 million in the form of Bitcoin and Ethereum which was an impressive feat on its own.
The coin currently has a bearish prediction from the observers but is speculated to grow to gain nearly 8% in its price over the next month.
Given below are the price predictions and market Analysis of the token
Tezos (XTZ) Price Prediction 2024 – 2030
In this section, we will look at the current market standing and price predictions of the Tezos (XTZ) token.
The table below shows the market predictions published by experts for the coin price for the upcoming years
| Years | Lowest price($) | Average Price($) | Highest Price($) |
| 2024 | 1.06 | 1.66 | 2.26 |
| 2025 | 2.01 | 2.48 | 2.95 |
| 2026 | 2.67 | 3.18 | 3.69 |
| 2027 | 3.22 | 3.83 | 4.45 |
| 2028 | 3.89 | 4.55 | 5.21 |
| 2029 | 4.50 | 5.51 | 6.53 |
| 2030 | 6.01 | 7.065 | 8.12 |
The price of the Tezos token is predicted to rise by 7.0% in the short-term run and stabilize somewhere close to $0.840995 by June 20, 2024.
Looking at the market predictions the coin would have to gain about 92.42% from its current price if it manages to meet the upper circuit for the year 2025.
As per the technical indicators, the current market sentiment towards the coin is Bearish with 23 technical indicators showing bearish signals with 8 showing bullish signals.
In the last 30 days, the coin has experienced 13 green days with price volatility of roughly 8.48%.
The Fear and Greed Index shows a moderate amount of Greed with the token scoring a 60 in the index.
In the section below, we will have a look at the simple steps through which one can buy the Tezos (XTZ) token
How to buy Tezos (XTZ) tokens?
The process to buy Tezos (XTZ ) tokens is pretty simple and straightforward.
The coin can be bought using a similar process that we use to buy any shares or securities.
The steps that a user must follow to buy the coin are given below.
Step 1:
Creating and Verifying your account: The first step to buying the coin will be to choose an exchange offering the coin.
The buyer must open an account in the exchange and verify it by providing KYC details like email, phone number, or any other information that is asked from the exchange for the verification process.
Step 2:
Adding Required Funds: The next step after verification will be to add the required funds for the token into the account by taking into consideration the volume and current price of the coin.
The Fund can be added to the exchange’s wallet through cards, transfers through the Internet, or any other forms of payment accepted by the exchange.
Some exchanges also let you place the order and then deduct the amount directly from your payment choice.
Step 3:
Placing the order: The third and final step in the process will be to place the order to buy the coin according to the user’s requirements.
After choosing the amount and volume of the order the user can pay using their account balance or through their chosen payment method.
Step 4:
Verifying the purchase: The fourth and final step in the process will be to verify the purchase and confirm that the token has been added to your wallet.
The user can also transfer the coin to their personal crypto wallets or stake the coin for the benefits that might be offered by the respective exchanges.
Apart from these, the Tezos (XTZ) coin can also be bought using the swap facility offered by the crypto wallets
The user can swap a token like Swap Tether USDT to make the replacement to Tethos (XTZ).
This only requires the user to change step 2 of the process and replace it with your swapping criterion.
These are a few steps that one can follow to buy the Tezos (XTZ) coin.
A list of well-known exchanges that support the Tezos (XTZ) coin is shown below.
Where to buy Tezos (XTZ) tokens?
The Tezos (XTZ) token is currently listed on several popular crypto exchanges such as KuCoin, Bybit, Binance, OKX, Coinbase, Gate.io, etc.
The coin can be bought through any of the following exchanges or any of the other reputable listed exchanges that the investor sees fit.
Final thoughts
The Tezos ecosystem and its token seem to be going in a promising direction when looking at the long-term time period of the coin, but what the analysts have warned the investors to look for is picking the right time to buy the coin.
It is therefore important to consider the current market conditions of the coin and its short-term predictions of the coin before investing so that the investor may not have to suffer any short-term losses or unfulfilled gains.
