Tezos value has seen a slight increase in the past few weeks despite the crypto fear and greed index staying in the neutral zone. Currently, XTZ is trading at $0.845 which is roughly 27% higher than its lowest point in 2021.
AI-based platforms like Google Bard and Microsoft Assistant are becoming increasingly popular among investors. So, I decided to ask Google Bard about Tezos and its estimated value in August. According to Google Bard, “The forecast for Tezos in August is mixed. Some analysts believe that the price of XTZ could reach $1.00 by the end of the month, while others believe that it could fall to $0.75. The overall sentiment for Tezos is bearish, but there are some positive factors that could support the price, such as the upcoming Jakarta upgrade.”
If Google Bard’s prediction is accurate, Tezos value could potentially surge by 20%. However, if XTZ falls to $0.75, it would result in a 10% decrease in the coin’s value.
Notwithstanding its marketing efforts, Tezos has a low market share in key industries like DeFi and NFT. The total value locked (TVL) on the Tezos network is more than $73 million, making it the 35th largest blockchain. In terms of NFTs, data from CryptoSlam reveals that Tezos’ total NFT sales in the last 24 hours was $47k, ranking it 12th overall.
It is important to note that the Jakarta upgrade is unlikely to have a major impact on Tezos value. The Nairobi upgrade in June had very little effect on the coin’s price.
If you wish to buy Tezos, you can do so through eToro or Public. With eToro, you can invest in various cryptos, as well as fiat and crypto/crypto pairs. On the other hand, Public allows you to invest in a range of assets, including shares, ETFs, crypto, and collectibles.