Tezos means "smart contract" in Ancient Greek.
In modern times, Tezos is a cryptocurrency that has been performing very well over the past year. Trading at $.75 in the beginning of 2020, Tezos (XTZ) is now currently trading at $2.20. Tezos can be staked on COINBASE at a 5% APY which is very cool because Coinbase is one of the most popular crypto exchanges. This may be one of the reasons that Tezos was the first coin to kick off the bull run last month in August. Tezos has huge potential as global financial institutions are pouring into the XTZ blockchain.
On September 1st, the market saw a massive dump. Tezos plummeted from a yearly high of $4.50 to $1.90. The bulls have shown very strong support at the $1.90 level, allowing Tezos to lead the market back toward the bullish trend, as it has quickly climbed to $2.20. Tezos has proven to be a great investment for the year 2020 and things get even more bullish, especially during 2021 as more people see what is going on with fiat and digital currencies.
Tezos can explode in price; especially once we hit the all time high of $12. Many expected Tezos to do what Chainlink did it terms of price this summer. We must note that Chainlink hit its all time high this year, while Tezos has traded at $12 before. Bulls are quickly pushing back to this level and many analysts prediction double digit XTZ by 2021-2022. - Yanni Konugres
