Tezos (TZS) Price Analysis
Tezos has been through one bull cycle during its lifespan and did pretty well. Strong partnerships have created a good foundation, and the ecosystem projects are starting to grow.
Let’s take a look at why I think Tezos price can do really well and is a good investment.
Tezos TZS price
Tezos currently has a market cap of 730 million dollars.
Tezos was created by a former Morgan Stanley analyst called Arthur Breitman, and it’s a smart contract platform that does not involve mining.
So, there are a few ways to earn passively with Tezos
The Tezos Blockchain
Tezos is a self-upgrading blockchain designed to evolve naturally. The premise is that it is designed to power the Web 3 Revolution. They’ve got institutional-grade security, and it’s viable everywhere.
Tezos has created a very good website.
In the Developer section, you can see that there are a number of different ways how developers can get funding. They also have the Tezos Foundation that offers grants to any developers contributing to the Tezos ecosystem.
The Tezos Ecosystem
The Tezos ecosystem is undoubtedly starting to grow. Obviously, it’s not close to being where it should be, but the company is on the right track.
There are a few areas of interest that they want to grow like Baking education and training, end-user applications, or security. When we actually check out the Tezoss ecosystem we can see that there are 102 projects, which is not bad at all.
Their DeFi is starting to grow quite nicely as well, and it has also been integrated with a number of different DeFi solutions. To be fair, they are all low-cap, and none have really blown off, but the ball is rolling at the right speed, and in the right direction.
When it comes to gaming, Tezos is a bit weak. There’s a lot of space for growth.
As for digital identity, there are 4 different areas, As much as I don’t like digital identity, it is certainly a money-making sector. It is an inevitability of the crypto universe, and Tezos have recognized this.
Tezos Price – NFTs
The NFT section of Tezos has blown up. They’ve got 31 projects based around NFTs which is a very good sign. Right now NFTs are sort of silly pictures, but sooner or later they are going to have real value; whether in the form of a contract, like a mortgage, or a proof of ownership. The important thing is that Tezos has recognized the dynamics of the market, and are actively growing this promising sector.
Partnerships boosting Tezos price
Tezos has been very active in terms of getting important partnerships. What I think is important mentioning and bear in mind are their partnerships with Manchester United and McLaren.
To add to these 2 phenomenal partnerships; the Tezos team has been exceptional in communicating and spreading awareness. Obviously, there are many other layer-one projects that have done more in less time, but Tezos, regardless of the slightly lower speed, is truly on the right path.
The big plus for Tezos is their long-term chart. Yes, they launched during a bear cycle, which is not the most opportune time for launches, but they ended up doing really well in the last bull cycle.
Tezos Price Prediction 2023
For me, Tezos is one of the cryptos that could aim to be a top 20, or even a top 10 project. Its all-time high was $ 9.12. If it manages to surpass that point in the next bull cycle, price discovery mode will kick in, and it could really make serious damage in the market.
Even $ 15 seems a reasonable price. It would place it at a 14 billion $ market cap, which is plausible for a highly regarded project with strong partnerships.
I’m hesitant to put it at a higher price purely on the basis of its ecosystem needing further development and growth, but Tezos is absolutely a crypto worth monitoring.
