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Is Tezos digital currency worth buying? The reviews that were done on the price history of Tezos show a 69% decrease compared to the past. In fact, the decrease in the price of this token is due to fluctuations in the crypto market. To learn more about the Tezos network and its price history and Tezos price prediction 2024, stay with us Pooyan Music site.
The volatility of the crypto market is due to the war between Ukraine and Russia, inflation due to the increase in fuel and food prices, as well as the monetary policies of the US federal government to curb inflation.
Tezos is an open source blockchain network with a proof-of-stake mechanism. Peer-to-peer transactions are done through XTZ digital currency. The Tezos network is decentralized and was created based on smart contracts.
The Tezos network makes it easy to create decentralized applications and is a natural competitor to Ethereum. Tezos had the largest IPO, raising $232 million. But after its creation, it faced many problems.
The Tezos network solved fork problems caused by the inability of a particular network to adapt to blockchain changes. It reduced the costs caused by proof-of-work consensus mechanisms. It removed the limitation of Bitcoin programming language that caused problems in the implementation of smart contracts. It also partially addressed the security concerns regarding the acceptance of digital assets.
Cardano is one of the biggest competitors of Tezos. Both networks seek to create a decentralized chain, and both are platforms for smart contracts.
Ethereum has advantages over Tezos. But in terms of transaction throughput, it is behind Tezos. Ethereum has many problems related to transaction fees as well as network congestion. Developers say that since Ethereum has a larger community than Tezos, it has an advantage over it.
Tezos price prediction 2024 | Is it worth buying?
The price of Tezos fluctuates and is not fixed. At the time of its release, the price was $2.94. In August 2020, it experienced the highest price in its history, which was equivalent to $4.39. Its lowest price was in December 2020, which decreased by $0.35. Its current price is 3 USD.
In 2023, the lowest price for Tezos digital currency is expected to be $2.15, the highest price is $2.59, and the average price is $2.22.
This year, the price of Tezos is expected to increase and reach a maximum price of $3.77. The minimum price for this currency is $3.23 and the average price is $3.31.
Tezos can be a good choice for buying and selling or investing. This is because of its high security. Tezos has great potential and is one of the most popular digital currencies due to its high transaction speed. Tezos is a catalyst for the implementation of smart contracts.
