Right before the Tezo's crowdfunding started I created a blog entry on why I was investing in Tezo's despite my concerns .
Now that the crowdfunding is over it would be ideal to go over some stats and also speculate on what the price will be when it hits the exchanges 4 to 6 months from now.
Thanks to 
How much was raised
Crypto nerds pumped 65,633 BTC and 361,122 ETH into Tezos making it the largest ICO in history. This equates to $232,997,224 dollars at current prices.
607,256,285 XTZ were distributed to 31,494 wallets. During the crowdfunding the price was 5,000 XTZ per 1 BTC with the first bonus period giving you an extra 1,000 XTZ. So at current BTC prices the tokens price ranged from 0.39 to .47 USD per token.
What will the prices be when XTZ becomes tradable
This is hard to say but futures trading has already been taking place on BixMex and it went as high as .0025 BTC ($5.95 USD). It is now trading at .000212 BTC ($0.50 USD) on Bitmex but I don't think this is any real indication of where it will be once the network becomes active. i think the best way to determine what the price will be is to look at some comparables .
Other tokens that have around 600 million coins are trading at levels lower than Tezo's crowdfunding prices. This is obviously a negative and was the major the risk of having an uncapped ico. Even with Steem at 237 million tokens would have a better valuation than Tezo's if the supply of Steem doubled. If hypothetically XTZ was to hit a dollar when it started trading it would have a market cap of $607,256,285 dollars. This would put it in the top 10 from the jump right between IOTA and NEM
Conclusion
Base on comparables and the futures trading I think there is going to be a huge pump followed by a huge dump when XTZ starts trading. They are the new kid on the block and still have a lot to prove compared to some coins that have been trading for a couple of years now. Only time will tell if they become a competitor to ETH. The only way I see them out performing ETH is if the ICO craze move over to Tezo's and projects start doing their fundraising on their network.
Thanks for reading and as always keep steemin!!!
