Ethereum Competitor Tezos Could Double Its Price

It’s been just revealed that the host of the popular crypto channel Coin Bureau explores Tezos (XTZ) and what it takes for the coin to regain its previous ATH.

It’s been reported that the analyst known as Guy just said on YouTube that the Ethereum (ETH) competitor’s built-in adaptability is key to its long-term prospects.

“Tezos is one of the few cryptocurrencies that has been explicitly designed to evolve so that it may not only survive but thrive…Tezos is on track to become one of the top cryptocurrencies.”

Tezos was first proposed in 2014 and native token XTZ has been launched in 2018. According to the project website, Tezos values both design and governance as extremely important features to ensure success.

“Tezos is an open-source platform that addresses key barriers facing blockchain adoption for assets and applications backed by a global community of validators, researchers, and builders.”

The notes continued and said:

“By design, Tezos embraces long-term upgradability, open participation, collaboration, and smart contract safety.”

The Coin Bureau host notes that the price of XTZ is now undervalued after three years, especially in relation to how Bitcoin (BTC) and Ethereum have done over the same period of time.

“XTZ hasn’t performed all that well compared to most other cryptocurrencies… only up about 10x. If ICO [initial coin offering] participants had held onto [their] BTC and ETH instead, they’d be up almost 20x.”

He also explained that it is safe to say that the Tezos Foundation is aware of the store-of-value properties of BTC.

Put simply, it’s likely the Tezos Foundation is getting a substantial amount of money from sales of XTZ whether “from initial allocation, from staking and delegation rewards, or both.”

He also continued and talked about several significant corporate partnerships which have given XTZ’s price a boost, including with game developer Ubisoft last April and Red Bull’s Formula 1 racing team in May.