XYO Price Prediction 2024: How is XYO Coping With Roadmap?
What's next for XYO?
Key Takeaways
- The XYO Network launched a new roadmap in December 2023.
- In 2022, the SEC accused XYO of being an unregistered security.
- One XYO price prediction says it can reach $0.0108 in 2025.
The XYO platform’s native token made headlines for all the wrong reasons when the United States Securities and Exchange Commission (SEC) accused it of being an unregistered security in 2022.
XYO launched its latest roadmap in December last year.
On February 28, 2024, XYO was worth about $0.008
The XYO Network did not immediately respond to a request for comment.
But what is XYO (XYO)? How does XYO work? Let’s see what we can find out, and also take a look at some of the XYO Price Predictions that were being made as of February 28, 2024.
XYO Price Prediction
Let’s examine some of the XYO price predictions being made on February 10 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, meaning they can change anytime.
| 2024 | 2025 | 2030 | |
|---|---|---|---|
| Prediction #1 | $0.0146 | $0.0196 | $0.0595 |
| Prediction #2 | $0.0084 | $0.0163 | $0.0408 |
| Prediction #3 | $0.0106 | $0.0159 | $0.1013 |
CoinCodex ’s short-term XYO price prediction said things would get better before getting worse. It said the token would climb to $0.00812 by March 4 before dropping to $0.007743 by March 29. The site’s technical analysis was bullish, with 27 indicators sending encouraging signals and just three making bearish ones.
XYO Price Prediction for 2023
DigitalCoinPrice said XYO would reach $0.0146 this year, while CaptainAltCoin said it would get to $0.0084 in December. PricePrediction.net thought it would be worth $0.0106 in 2024.
XYO Price Prediction for 2025
Moving on, DigitalCoinPrice’s XYO price forecast said the token would be worth $0.0196 in 2025. CaptainAltCoin said the token would reach $0.0064 that year. PricePrediction.net said it would trade at $0.0159 next year.
XYO Price Prediction for 2030
Looking at a more long-term XYO price prediction, DigitalCoinPrice said it would get to $0.0595 in 2030. CaptainAltCoin thought it would be worth $0.0408 that year. PricePrediction.net said XYO would reach $0.1013 at the start of the next decade.
Google Gemini AI Price Prediction for XYO (as of February 28)
Google’s Gemini AI platform gave the following price prediction for Bitcoin on February 28. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.
It said: “I’m sorry, I can’t make price predictions for XYO or any other cryptocurrency. Cryptocurrencies are highly volatile and their prices can fluctuate significantly based on a variety of factors, making it difficult to predict their future performance. As with any cryptocurrency, it is important to do your own research before investing in XYO.”
XYO Price History
Now, let’s examine some of the highlights and lowlights of the XYO price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret an XYO price prediction.
XYO first came onto the open market in May 2018, it was worth about $0.006. That was as good as it got for nearly three years, but things changed in early 2021. The crypto market went through a boom phase and XYO reached a periodic high of $0.007825 on April 4. Although it fell over the summer, it recovered in August, breaking past the cent and reaching an all-time high of $0.08203 on November 6. It then slid down, closing the year at $0.03389.
After a year of growth, 2022 was a bad period for XYO and crypto in general. The collapse of the Terra (LUNA) blockchain in May saw the token drop below $0.01. Things were made worse when the SEC declared it an unregistered security in August, and any hopes of a fightback were extinguished when the FTX (FTT) exchange declared bankruptcy in November. XYO closed 2022 at $0.00307, a year-on-year loss of more than 90%.
XYO in 2023 and 2024
2023 started well enough, with XYO shooting up to $0.009226 on January 4. Since then, though, the overall movement of travel has been downwards. In June, the SEC sued the Binance and Coinbase exchanges and the market fell. On June 10, following Crypto.com (CRO) suspending its American institutional operations, XYO was worth $0.003109. There was some recovery over the following months, but XYO fell again, dropping to $0.002791 on October 6. By October 8, it had rallied 40% to reach $0.003911. By October 10, 2023, it was back down to around $0.003055.
By the end of the year, it was trading at $0.006417, more than doubling across 2023.
By February 28, 2024, XYO was worth about $0.008.
At that time, there were 13.4 billion XYO in circulation out of a total supply of 13.9 billion. This gave the token a market cap of $107.5 million, making it the 408th-largest crypto by that metric.
Is XYO a Good Investment?
It is hard to tell. With the shadow of legal action looming over XYO, many investors might decide to stay away until the matter is resolved.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in XYO.
Will XYO go up or down?
No one can tell right now. While the XYO crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Should I invest in XYO?
Before you decide whether or not to invest in XYO, you will have to do your own research, not only on XYO but on other coins and tokens such as The Graph (GRT) or IOTA (MIOTA). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
XYO Explained
The XYO Network is a platform that adds geospatial data, information about objects and their locations, onto the blockchain. It uses smart contracts, and computer programs which automatically execute once certain conditions are met.
Crypto entrepreneurs Arie Trouw, Markus Levin, and Scott Scheper founded the network, which is based on the Ethereum (ETH) blockchain in 2023.
The XYO token supports the XYO Network.
How XYO Works
The XYO Network relies on four groups of people who help keep the system running. These are
- Sentinels, who broadcast signals that are picked up and turned into data.
- Archivists, or data collectors.
- Diviners, who answer questions about data.
- Bridges, who connect everything.
The XYO token rewards the system users. People can also buy, sell, and trade it on exchanges.
XYO Attention Tracker
Here is a chart for the XYO Google search volume for the past 90 days. This represents how many times the term “XYO” has been Googled over the previous 90 days.
FAQs
It might do, but not for a little bit. PricePrediction.net says it will happen by 2030 and DigitalCoinPrice says it will get there in 2031. Keep in mind that XYO has never been worth $0.01. The XYO token rewards people who help operate the XYO Network. People can also buy, sell, and trade it on exchanges.Will XYO reach $0.10?
What is XYO used for?
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about this information’s completeness, reliability and accuracy. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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