Coin Bureau’ Guy says Tezos native token XTZ is still undervalued
The host of Coin Bureau figured out a situation in which XTZ can again follow its all-time high momentum.
Tezos is an efficient blockchain network in this crypto & blockchain industry. Like other flagship crypto projects, Tezos is doing its best with its open-source blockchain network. Right now there are numbers of use cases that are live with Tezos blockchain and these are witness to how the use of the Tezos network is making it in top crypto projects in the crypto Industry.
Recently a popular crypto YouTube channel, Coin Bureau, published a video on the future of the XTZ coin of Tezos blockchain network. Guy, the host of the Coin Bureau, explained that XTZ is still undervalued.
Guy noted that Tezos is a specially designed Blockchain network that has the potential to evolve and survive easily in the crypto industry. And by following such paths, Tezos is moving in the list of flagship assets category.
“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.”
Guy compared the surge in the price of XTZ to Bitcoin and Ethereum, in the same interval of time. And he noted that XTZ didn’t perform at that level, where the top two cryptocurrencies performed.
The host noted that the surge in the price of the XTZ token by only 10 fold was not enough. In actuality, there was a chance for this to grab a 20 fold surge, but unfortunately, that didn’t happen.
Analysts also figured out that there may be chances that Tezos foundation made huge Money by selling their XTZ, that they have from their initial distribution phase or any type of staking rewards.
And also further noted that there are more chances that some Institutional investors also sold their holdings rapidly and that retard the growth of XTZ token.
“institutional investors are probably why XTZ’s price has been suppressed since the start with few exceptions.”
However, on the other hand, Guy emphasized that many partnerships whether they were any tech project or institutional partnership, were impressive.
In the end, he predicted that XTZ may follow its positive bull run trend and there are chances that it may again hit its new all-time high with $10.
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