Tezos Price Prediction 2022[tezos-tezos price prediction-tezos coin-tezos price-xtz-tezos crypto]
Tezos has been named as McLaren Racing’s Official Blockchain Partner in a new multi-year technological cooperation spanning Formula 1, INDYCAR, and esports, according to a press release shared with CryptoSlate.
Tezos, which was created to be a better version of most smart contract-enabled blockchain networks, is comparable to the largest, such as Ethereum, in that it provides an open-source platform for developers to use blockchain and smart contracts to create advanced protocols and solutions. During the recent crypto bull run, its XTZ coin saw a significant price boost.
Tezos (XTZ) rose from a low of $2 in January to an all-time high of $7.785 in the first week of May, riding the bigger crypto industry wave. Sharp price corrections in the middle of the month pushed it down, and as of the 14th of June, XTZ is trading at $3.258, a 41.85% decline. The current monthly low is $2.927, which was set a few days ago.
Tezos was trading at roughly $2.62 in mid-June of last year, and it began to gain traction in the third quarter of 2022, only to lose steam in a few of months before regaining strength in February of this year. After a few ups and downs, XTZ was able to reach $7.785 before plummeting. The price of XTZ has been fluctuating in a narrow range since June 2022.
There isn’t much overall profitability if you ignore the very high changes and compare prices 12 months apart. On the other hand, it has achieved significant gains (and losses) in recent months. Tezos will clearly benefit from a short-term investing and trading approach.
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