The host of popular market commentary and crypto analysis show Coin Bureau says that Tezos ($XTZ) is poised to become one of the few “top cryptocurrencies” due to its evolution-focused architecture.
In a recent YouTube update, Coin Bureau host “Guy” told viewers that Ethereum-competitor Tezos is on track to become one of the more dominant cryptoassets.
As reported by The Daily Hodl, Guy said,
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, which launched its native token $XTZ in 2018, has been designed from the ground up to embrace long-term upgradability, open participation, collaboration and smart contract functionality. According to the project’s web page, Tezos prides itself on its governance and open-source platform, allowing the network to address key barriers facing blockchain adoption and utility.
Coin Bureau’s host noted that $XTZ remains relatively undervalued after being on the market for several years, particularly in comparison to the massive rise of Bitcoin and Ethereum during that time. He explained that XTZ was only about 10X from its original ICO price, while other top cryptos had appreciated more than 20X during that period.
Guy pointed to the selling by Tezos Foundation and institutional investors $XTZ as a potential depressor for the coin’s price. However, he called the institutional partnerships for the project ‘impressive” and predicted a favorable outlook for the coin despite its poor price action thus far.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.