Can XYO reach $1? XYO Price Prediction 2023-30
Can XYO reach $1? Read on to know more
Read the latest XYO Price Prediction 2023, 2025 and 2030
Latest Price of XYO
XYO Performance in the last 12 Months
- Last 1 Month: +16.3%, Outperformer
- Last 6 Months: -28.5%, Outperformer
- Last 12 Months: -68.8%, Underperformer
Is XYO a Good Investment?
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.
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
Can XYO reach $1?
XYO needs to rise 142 times to reach a price level of $1. Note that the XYO coin reached its all-time high value of $0.07 in November 2021. XYO coin grew by 350 times in 1 year to reach its all-time high price. Thus, it can be considered to grow by 29.2 times in one month during that time. Therefore, XYO can reach $1 in less than 5 months, if we go by its 29.2 times growth in one month.
However, the market conditions in 2021 were entirely different from current situations. There was comparatively more liquidity and less inflation during that time. Hence, we cannot expect XYO to show a similar growth trend as that of 2021. Hence, XYO coin will certainly need more than 5 months to reach $1 once the market conditions of liquidity and other economic factors turn out to be in the favor of the crypto market.
At 25% per annum, it would take XYO 23 years to reach $1, an impossible target.
Can XYO reach $10?
XYO coin requires to grow by 1,428 times to reach a price level of $10, keeping in view its current market price of $10. Thus, considering 29.2 times growth in one month, we can say that XYO coins need nearly 49 months (roughly around 4 years) to reach a price level of $10.
However, XYO coin will certainly need more than 4 years to reach $10 considering the difference in macroeconomic factors and the liquidity conditions of different times. Therefore, we can say that reaching $10 is not much impractical for XYO coin, but it indeed needs much more time (a few years maybe) to reach that point.
XYO Price Prediction 2023, 2025 and 2030
XYO Price Prediction 2023 is $0.0121
XYO Price Prediction 2025 is $0.0231
XYO Price Prediction 2030 is $0.118
Can XYO Reach $100?
XYO needs to grow by around 15,873 times from its current market price to reach a price level of $100.
Furthermore, XYO reached its all-time high price of $0.05 in November 2021 where it grew by 12.5 times in just four months (i.e., from its lowest price of $0.004 in July 2021). Thus, it grew by 3.13 times in one month.
Therefore, XYO will need around 5,071 months (more than 422 years) to reach $100. Hence, it is not very practical for XYO to reach $100 in the near future.
XYO Vs Vechain
Vechain is used primarily by companies looking for a blockchain solution. It uses IoT technology to create an ecosystem to solve various issues in different sectors (including the food industry, medical industry etc). Let us have a brief price comparison between XYO and VET:
- Vechain’s price has decreased by more than 52.5% in one year, whereas XYO’s price has decreased by more than 68%.
- For the past six months, VET’s price has decreased by around 19%, in comparison to XYO’s 28% decrease in price.
- VET’s price has increased by almost 54% in the last month, in contrast to an around 16% increase in XYO’s price.
Though XYO’s price started to improve in the last few weeks, it couldn’t manage to outperform Vechain for this duration.
XYO Price Prediction Today
|1. Market's Wisdom||Partially Negative|
|1a. Market Data||Partially Negative|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Partially Positive|
|2a. Social Media Buzz||Higher|
|2b. Social Media Sentiment||Neutral|
How To Buy XYO Tokens?
The XYO tokens can be purchased in three simple steps:
- The first step is to choose the crypto exchange from which you wish to purchase the XYO tokens.
- The second step is to select the mode of payment (i.e., either using fiat currency or with other cryptocurrencies).
- The third step is to make the swap and store the XYO tokens in either a wallet or the crypto exchange itself.
Where can I buy XYO crypto?
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.