XYO crypto can be bought on many famous Decentralised and Centralised crypto exchanges, including Coinbase, KuCoin, Uniswap, Sushiswap, Gate.io, Huobi, Crypto.com, MEXC, Bitvavo, and Hotbit.
Number of Holders: 91.1k (+200 in Feb), Top 100 Holders: 52.7% (Steady)
Last 7 Days | +33.0% |
Last 1 Month | +39.5% |
Last 12 Months | +26.6% |
XYO Coin price is up 3 fold since October 2023. What are the Signals and Predictions?
UTC: Feb 22nd, 2024 06:53 PM
Overall Outlook | Neutral |
1. Market’s Wisdom | Neutral |
1a. Market Data | Neutral |
1b. Technical Recommendation | Neutral |
2. Crowd’s Wisdom | Neutral |
2a. Social Media Buzz | Steady |
2b. Social Media Sentiment | Steady |
XYO has cleared multiple resistance levels over the last 24 hours. With this, the next target is $0.011. If the Federal Reserve’s comments continue to be soft, XYO should have little trouble in meeting the next target. There will be some resistance in the $0.009-$0.01 Zone.
Yes, XYO can reach $1 if 75% of the Tokens are Destroyed. Here is the analysis
For XYO to reach $1, it would need to increase by a factor of 130. At $1, XYO’s Market Cap will be $13.4 Billion. If XYO were to grow at a rate of 25% each year, it would take about 22 years to reach $1. Let us evaluate this data
Considering the criteria Quality of Investment, growth required and time required, XYO is unlikely to reach $1.
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Yes, XYO can reach $10 if 90-95% of the Tokens are destroyed
For XYO to reach $10, it would need to increase by a factor of 1300. At $10, XYO’s Market Cap will be $134 Billion. If XYO were to grow at a rate of 25% each year, it would take about 33 years to reach $10. Let us evaluate this data
Considering the criteria Quality of Investment, growth required and time required, XYO has a low chance of reaching $10.
For XYO to reach $100, it would need to increase by a factor of 13000. At $100, XYO’s Market Cap will be $1.34 Trillion. If XYO were to grow at a rate of 25% each year, it would take about 43 years to reach $100. Let us evaluate this data
Considering the criteria Quality of Investment, growth required and time required, XYO can’t reach a price as high as $100.
XYO is a location data platform that leverages blockchain technology to ensure that location data is tamper-proof and can be used for various purposes such as navigation, location-based services, and supply chain management. In the current system, smart contracts rely on oracles that have a single source of truth and a single source of failure, similar to the vulnerability in current crypto-location technologies which is the off-chain devices that report location.
The XYO Network is a protocol of connected devices that provides high certainty on location data through cryptographic proofs. Users can retrieve location data on any blockchain platform with smart contract functionality by issuing transactions (queries). Aggregators in the network listen to these queries, fetch the answers with the highest accuracy from a decentralized set of devices, reach a consensus on the best answer, and feed it back into the smart contract.
Markus Levin, co-founder of the XYO Network
The XYO token is used as a means of payment within the platform for accessing and utilizing location data. The XYO Network uses XYO Tokens to incentivize the provision of accurate and reliable location data. A token holder submits a query to the network and pays a gas fee (in XYO Tokens) based on the amount of data required for the answer. The cost of the query is determined by the data required and market dynamics.
Overall, we think XYO is very niche and has limited use cases. It is at best a moderate case for Investment
The XYO tokens can be purchased in three simple steps:
XYO crypto can be bought on many famous Decentralised and Centralised crypto exchanges, including Coinbase, KuCoin, Uniswap, Sushiswap, Gate.io, Huobi, Crypto.com, MEXC, Bitvavo, and Hotbit.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view of the likely trends in Stocks or Coins. Please consult a registered investment advisor to guide you on your financial decisions.
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