Here’s How Much Your $100 Investment in Tezos Will Be Worth If XTZ Reaches $1

Tezos is a blockchain network that hosts the digital token XTZ, also known as tezzie. Tezos was created by Arthur Breitman, a native of France and former Google X and Waymo engineer. XTZ enables user participation in decentralized finance (Defi), decentralized applications, and non-fungible token (NFT) projects, similar to other cryptocurrency blockchains.

A blockchain-based governance mechanism used by Tezos prevents hard forks, or blockchain splits, by adopting and implementing protocol upgrades selected by voting proportional to users’ economic stake in Tezos. XTZ uses a proof-of-stake system rather than Bitcoin mining to validate blockchain transactions, which uses less energy.

Tezos (XTZ) Price Analysis

Tezos Token’s price today is $0.8128, with a market capitalization of $ 764 million and a 24-hour trading volume up by 14.54%. Now it stands at $13.3 million. At the same time, the circulating supply is approximately 920,743,948 XTZ.

Source: Coinmarketcap

XTZ cryptocurrency has dropped nearly 77% year to date. It has fallen by more than 88% since the token’s all-time high in October 2021. The token’s price has fallen as a result of volatility and uncertainty in the broader markets and cryptocurrency markets caused by a variety of macroeconomic factors.

How Much Money Would You Make If XTZ Reaches $10?

According to Cryptopredictions.com, XTZ can go $1 by January 2023. Let’s assume that you invest a modest $100 in Tezos coins today.

Source: Crypto prediction

According to today’s price, which is $0.8131, you will have approximately 122.9 HT. If Tezos coin price hits $1 in the next few years, your $100 will become approximately $122.9. Let’s say you bought $100 worth of XTZ coins today. With the current rate, you will have approximately 122.9 coins. However, you can potentially make approximately $123 when it reaches the $1 mark.

Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.

Also Read: Here’s How Much Your $100 Investment in Polkadot Will Be Worth If DOT Reaches $10

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.