Feb 16, 2025
Ibiam Wayas
Tezos is an open-source Layer 1 blockchain like Bitcoin and Ethereum. It started out really strong as a platform for smart contracts and decentralized apps.
The Tezos blockchain runs a delegated Proof-of-Stake consensus algorithm to validate transactions making it the environmentally friendly alternative to Ethereum.
The native cryptocurrency of the Tezos blockchain is called Tez (XTZ). It is used to interact with dApps, pay for fees, and other activities on the blockchain.
Tezos cryptocurrency is currently ranked the 79th-largest crypto in terms of market cap, according to data from Coinmarketcap.
At the time of writing, 1 Tezos was worth $0.6713, accounting for a total market capitalization of $694.37 million, with a daily trading volume of around $27.81M.
Data from Coinmarketcap shows there are currently 1.03 billion XTZ tokens in circulation, out of a total supply of 1.05 billion XTZ.
Predictions are that XTZ will attain a peak price of $1.83 and a minimum price of $0.70 in 2025.
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