Tezos is a blockchain network that supports the digital token XTZ, also known as tezzie. The creator of Tezos is Arthur Breitman, who is from France and a former Google X engineer at Waymo. XTZ enables the user to participate in decentralized money (Defi), decentralized applications, non-fungible token (NFT) projects, similar to other cryptocurrency blockchains.
The blockchain-based governance system used by Tezos prevents hard forks, or blockchain splits, by accepting and implementing protocol improvements selected by voting in proportion to the amount of user wealth in Tezos. XTZ uses a more proof-of-concept method than Bitcoin mining to support blockchain transactions, which consumes less energy.
Tezos (XTZ) Price Analysis
Today’s Tezos Token price is $0.8128, with a market value of $764 million in the 24-hour market, an increase of 14.54%. Now it is $13.3 million. At the same time, the circulating transfer is around 920,743,948 XTZ. Tezos cryptocurrency has fallen almost 77% since the beginning of the year. It has fallen more than 88% since the indicator peaked in October 2021. The token price fell due to volatility and uncertainty in the broader market and the cryptocurrency market caused by various macroeconomic factors.
How much will you earn if XTZ reaches $10?
Tezos can reach $1 by January 2023. Say you invest a small $100 in Tezos coins today. Based on the price of the day, which is $0.8131, you will have approximately 122.9 HT. If the price of Tezos coins reaches $1 in the next few years, your $100 will be around $122.9.
Let’s say you bought $100 worth of XTZ coins today. With the current rate, you will have about 122.9 coins. However, you can earn up to $123 when it reaches the $1 mark. Disclaimer: This is not investment advice. Please do your due diligence before investing in any property.