Some analysts consider XTZ (Tezos) to be undervalued due to several key factors. Here are some commonly cited reasons:
1. Solid technology: Tezos is built on a solid and innovative technology foundation. Its blockchain platform uses a consensus mechanism called Liquid Proof of Stake, which provides enhanced security and scalability compared to other blockchain protocols. This gives it a competitive advantage in the blockchain industry.
2. Decentralized governance: Tezos has implemented a decentralized governance system, allowing XTZ token holders to participate in decisions related to the evolution of the blockchain. This democratic and transparent approach has been well-received by the crypto community, as it gives XTZ holders real power over the platform's development and updates.
3. Growing adoption: Tezos has seen increasing adoption over time. Several projects and companies have chosen to build their applications and smart contracts on the Tezos blockchain. This growing adoption reflects the increasing trust of developers and users in the platform.
4. Future growth potential: Some analysts believe that the current price of XTZ does not fully reflect its potential for future growth. They argue that the demand for the features offered by Tezos, such as security, decentralized governance, and smart contracts, will increase as the technology develops and gains more adoption.
Tezos (XTZ) has managed to establish partnerships with several key industry players. Here are some of its notable partners:
1. Nomadic Labs: Nomadic Labs is a research and development company that works closely with the Tezos Foundation to develop and enhance the Tezos protocol. They play a crucial role in the evolution and maintenance of the Tezos blockchain.
2. TQ Tezos: TQ Tezos is a New York-based company focused on building applications and tools for the Tezos network. They work on projects aimed at driving adoption and innovation on the Tezos platform.
3. Cryptium Labs: Cryptium Labs is a company specializing in block validation on the Tezos blockchain. They provide staking and validation services to secure the Tezos network.
4. Coinbase: Coinbase, one of the leading cryptocurrency exchanges, supports XTZ on its platform. This allows users to safely buy, sell, and store XTZ.
5. Binance: Binance, another major cryptocurrency exchange, also offers XTZ trading on its platform. This increases the liquidity and accessibility of XTZ in the market.
Other notable partnerships involving Tezos include:
6. Chainlink: Tezos has integrated with Chainlink, a decentralized oracle network, to bring external data and real-world information onto the Tezos blockchain.
7. Polychain Capital: Polychain Capital, a prominent blockchain investment firm, has invested in and supports the growth of the Tezos ecosystem.
8. Ethereum: While not a formal partnership, Tezos is often compared to Ethereum due to its smart contract capabilities and focus on decentralized applications (dApps).
It’s ATH 9.17 usd / actual price: 0.99 usd. DYOR, this coin will easily make a 10x at least during coming bull run.