With market-driven volatility, it is vital to keep track of future price movements of your favorite cryptocurrency. The future of XYO’s price depends on the underlying utility of its native ecosystem, the XYO network, and the general market sentiments towards it.
XYO offers resources to educate individuals, developers, and enterprises. It is an exciting possibility for a location-based data network built on shared incentives. First, a little background on XYO and its current market position.
Based on the fundamental analysis of projects as well as the technical details of the company, XYO has unique blockchain applications compared to other projects. The XYO Network has 4 distinct components: Sentinels, Bridges, Archivists, and Diviners. Together, the components provide a fully decentralized network capable of combining cryptographic security with real-world data.
Today’s XYO price is $0.006937 with a 24-hour trading volume of $1,543,892 USD. XYO is down 0.84% in the last 24 hours. The current CoinMarketCap ranking is #259, with a live market cap of $89,105,115 USD. It has a circulating supply of 12,844,821,266 XYO coins and the max. supply is not available.
The cryptocurrency space’s complexities often make it difficult to make price forecasts and profitable investments. However, Cryptopolitan carefully diligently analyzes the price charts of cryptocurrencies to forecast the future price of these tokens.
XYO price prediction 2022 is essential in determining investment decisions. A good investment requires extensive research of price actions to determine the investment’s long-term viability. The XYO digital coin price has been bullish over the past 24 hours, and the token is rightly positioning itself as a profitable investment for the long term.
XYO Network is the world’s first blockchain geospatial network backed with cryptography that anonymously collects and validates data with a geographic component. XYO calls itself the Reality Oracle, a technology protocol designed to improve the validity, certainty, and value of data.
The XYO Network is governed by its native virtual currency, XYO, which facilitates the execution of the smart contracts within the platform, which is at the forefront of blockchain innovation and smart contracts.
Developers: If you’re a developer, you can create geodapps that actively communicate with the XYO Network. If you’ll be needing verified location data, you’ll need to pay in XYO Tokens to retrieve the data you’re looking for!
Enterprises: Companies will want to make their hardware devices XYO-enabled, or find ways to to use our verified location oracle network to solve some of their biggest tracking issues. They will need to use XYO Tokens to access the verified location data, or they will be familiar with XYO Tokens, because their newly XYO-enabled devices will be participating in the XYO Network economy.
Personal: The everyday person may want to be able to use the features of the XYO Network, but may not necessarily know what XYO Tokens are, or even how to buy them! In those cases, a geodapp may have a variable price for a feature on their platform, depending on the current market price for XYO Tokens. Let’s say that an online retailer allows you to only pay for an item when you can prove it’s safely in your home, and not stolen off your porch. Perhaps that feature costs $5 on March 12th, but $9 later that year due to a price change in the XYO Tokens used to make that feature work! Although a person may not personally own XYO Tokens, they may be affected by changing prices if it is an aspect of the feature they wish to use. (Like the price of avocados increasing if the cost of water increases!)
Trading: Some folks just want to buy XYO Tokens to see if they can make a profit from trading. Although that’s not the intended purpose of an XYO Token, trading in the token and coin crypto market is incredibly common! In fact, anything with a perceived market value will tend to be traded or used to make money. So if you want, you’re completely allowed to simply buy XYO Tokens and hope that the price increases, so you can sell for a profit.
Supporter: Some people don’t actually really want to make a profit off their XYO Tokens, but simply love our technology, movement, and vision for a future planet Earth. In that case, you can simply purchase XYO Tokens as a way to support our company. *Currently, our XYO Token Sale is not available, but you can be a supporter by purchasing XY Equity or an XYO Geomining Kit.
XYO Price History
XYO Network price prediction has primarily depended on its since its launch. Since it started trading, historical price and information derived from technical indicators, XYO coin forecast by industry influencers, and fundamental analysis of price fluctuations have been essential in determining its future price movement.
Based on the available data, XYO token price is in an upward trend – meaning it is bullish over 24 hours.
When the XYO coin was introduced, it experienced a slight increase in price before it dipped with the same intensity. Its price stabilized for a while as it established to support and resistance levels.
XYO’s worth is determined by the XYO project that seeks to provide geospatial solutions. The relatively new project allows XYO tokens to be traded and staked against other unique ERC-721 tokens; representing real-world locations.
The XYO cryptocurrency recorded an all-time high price of $0.08203 on 6 November, following a period of impressive bullish momentum. Similarly, the token recorded an all-time low price of $0.00009672 over two years ago, on 13 March 2020.
By the beginning of 2021, the token’s price enjoyed a solid bullish momentum that followed the general bull run in the crypto market during the first quarter of 2021.
By March, the overall sentiment had shifted gear into fear, uncertainty, and doubt (FUD), leading to a bear run of epic proportions that saw Bitcoin’s current price trade below $30,000. However, this did not affect the XYO Network significantly, making it a stable network and good investment for traders.
Pros and Cons of Investing in XYO
All investments have some level of risk, and the level of risk is usually proportional to the return on investments. However, this does not directly translate to “the higher the risk, the higher the return.” Otherwise, investors would only go for high-risk investments.
In reality, high-risk investments typically go one of two ways – huge losses or returns. This possibility of significant losses makes most people choose to manage their risks through diversification and other forms of risk management. However, crypto investment is more complex compared to other conventional investment vehicles.
What you can do with XYO Coins
XYO Technical Analysis
The 4-hour XYO price chart shows the current value of the token trading above the moving average, indicating an uptrend. However, the resistance level is around the $0.006819 mark, and XYO could drop back to $0.006497 if it fails to get past the resistance. According to the RSI, the price movement of XYO is neutral and could go either way.
XYO Price Prediction 2022-2031
According to Wallet Investor, XYO could rise to a price of $0.00826 in twelve months depicting the token as a favorable asset for long-term investors. However, their predictions also indicate an imminent decrease in XYO value which could lead to a market price of $0.00565 within the next few days.
TradingBeasts predicts the XYO market closing this year with a maximum price of $0.0117, a minimum value of $0.00798, and an average price of $0.00937. By July 2023, they expect XYO to be trading as high as $0.0129, with the lowest market price being $0.00873.
Based on projections by TradingBeasts, investors could anticipate this coin to have an average market price of $0.0164 by the end of 2024. By mid-2025, XYO is expected to have a trading price range of $0.0151 – $0.0224. Furthermore, TradingBeasts forecasts the XYO market to close in 2025, with the highest and lowest possible prices being $0.0237 and $0.0160, respectively.
According to CryptoPredictions, XYO is to maintain a bearish market till this year’s end resulting in an average market price of $0.00972, with a price range of $0.000826 – $0.0121. By the end of 2023, the token is expected to have made a remarkable turnaround, trading as high as $0.0144 with a mean price of $0.0115.
As per the analysis by CryptoPredictions, XYO could be traded at an average market price of $0.0155 by January 2025. Their projections also point to a bullish XYO market throughout that year, leading to a maximum market price of $0.0225 by December 2025. By July 2026, CryptoPredictions foresees XYO with a minimum trading price of $0.0164 and an average price of $0.0193. This cryptocurrency is likewise expected to rise in value throughout the rest of the year, with a predicted price range of $0.0171 – $0.0252 in December 2026.
|Year||Minimum Price ($)||Average Price ($)||Maximum Price ($)|
XYO Price Prediction for 2022
Recently, the XYO network reached a milestone of 4 million computer nodes, indicating a continuous interest in the oracle network. We predict that developments like this could lead to XYO closing this year with a minimum price of $0.00841, a maximum price of $0.00978, and an average trading value of $0.00899.
XYO Price Prediction for 2023
Our price projections for the coming year indicate XYO could rise to an average price of $0.0101, with the maximum and minimum values being $0.0110 and $0.00907, respectively.
XYO Price Prediction for 2024
By 2024, we anticipate a decrease in XYO’s minimum price to $0.00844. However, the mean and maximum market prices could rise to $0.0103 and $0.0119.
XYO Price Prediction for 2025
With the network improvement, we foresee XYO trading as high as $0.0146 in 2025, with the least possible price of $0.0118. The expected mean market price is $0.0138.
XYO Price Prediction for 2026
Based on our price forecasts, XYO could experience a price reduction in 2026. We anticipate an average price of $0.0124, with a market price range of $0.0111 – $0.0137. This period could be a good year for investors to buy XYO at a lower price.
XYO Price Prediction for 2027
By 2027, XYO could experience a strong market recovery reaching a maximum price of $0.0205 – a 155% gain on today’s price. The estimated average price is $0.0161, with a $0.0131 minimum market price.
XYO Price Prediction for 2028
XYO is forecasted to have a maximum price of $0.0231 and a minimum price of $0.0200. The expected average market price for this year is $0.0217.
XYO Price Prediction for 2029
We predict a rise in XYO’s mean market price to $0.0282, with its support and resistance levels set at $0.0268 and $0.0292, respectively.
XYO Price Prediction for 2030
By 2030, our projections indicate XYO could continue its steady rise leading to a minimum price of $0.0303. For this year, traders could expect an average value of $0.0318 and a maximum trading price of $0.0326.
XYO Price Prediction for 2031
In nine years, XYO is expected to be trading as high as 0.0383, representing 5x the current market price. This price is accompanied by an average market value of $0.0360 and a minimum value of $0.0383.
In the coming years, the XYO network is expected to include certain product features such as ranged avatars, expanded gamification, and so on.
Coupled with these, there could be a venture into the Metaverse as hinted earlier this year by the company’s co-founder. If implemented, these developments could contribute to a rise in XYO’s value. However, while our predictions are positive for XYO, investors should do their personal research before making trading decisions.
The XYO Network is a new concept that seeks to simplify one aspect of geospatial data. XYO coin has relatively low volatility compared to other cryptocurrencies. While some see an opportunity to cash in big in the long term, there are still significant limitations associated with speculative cryptocurrencies like XYO.
Therefore it is important to do your own research on XYO before investing. The token currently ranks among the top 300 cryptocurrencies. The rankings show the token is stable and can experience even more positive price action in the future.