- According to the technical analysis of XYO prices expected in 2024, the minimum price of XYO will be $0.00691. The maximum price level that the XYO can reach is $0.0169.
- Based on our XYO coin price prediction for 2025, the price of XYO Network is predicted to rise and reach $0.0198 by the end of 2025.
- XYO price prediction 2030: XYO Network’s price for 2030, according to our forecast, will be in a range between $0.0756 to $0.0811, and the average price of XYO should be around $0.045.
Currently, XYO’s price is trading around $0.007713, which is almost 2% up from the last week. And in the past 24 hours, DGB has managed to gain almost 3%. Amidst the bearish sentiment, XYO has been dropping since the beginning of 2024. However, the XYO coin holds the potential to go up and hit the $0.02 mark by 2025. If you are looking for XYO network price prediction, our in-depth analysis aims to answer your questions like, What is XYO coin? Why is XYO dropping? Is XYO coin a good investment? Before we start with detailed XYO price prediction, let’s dive into the coin’s overview.
About XYO Network
The XY Oracle Network, also known as XYO Network, is a device collecting and validating geospatial data or information that has geographical components. Location beacons are used in conjunction with the Internet of things and mobile devices to achieve this. Validating geospatial data is a major part of the protocol. Let’s check the XYO price prediction explained here in detail.
The trustless cryptographic location network provides layered location verification across device classes and protocols. A new cryptographic mechanism called proof of origin & bound witness is combined with blockchain technology and real-world location-based data collection to form XYO Network.
XYO stands to create trustless, decentralized systems or location oracles. XYO cryptocurrency allows developers of the smart contract and blockchain system to interact with the physical world like an API. The system tries to provide exact details with the help of a set of abstractions. This set of abstractions reduced the risks of location spoofing through a chain of zero-knowledge proofs.
The community of XYO cryptocurrency was established in 2017. XY Labs is the team behind the XY network. The developers aim to educate the world about the advantages of an incentive-driven geospatial location network.
What is XYO Coin?
XYO is the native cryptocurrency of the XYO network. This network is governed by its native virtual currency. It is an Ethereum-based ERC-20 token. XYO coin provides shared incentives in every stage of accurate material collection. It can be regarded as the ‘gas’ needed to interface with the real world to verify XY coordinates. Users need to hold sufficient XYO tokens to put a query in the network.
A portion of the gas fee will be paid to all components involved in the collection and giving proper answers. Geo mining app allows users to mine XYO cryptocurrency on mobile devices easily. All the utility cases are provided by XYO utility tokens.
The token sale was on 20 March 2018 with 100,000,000,000 tokens. Regarding the token distribution, 40% was allocated for ecosystem growth and marketing, 35% for engineering and R&D, 15% for Oracle network platform utilization, 5% overheard, and 5% for supporting Ethereum platform projects.
XYO Technical Analysis
Based on the latest news, most cryptocurrency prices are trading with positive momentum amid moderate weakness. The high volatility resulted in the Behemoths like Ethereum and Bitcoin plunging for the current trading session. To read more in detail about other cryptocurrencies, detailed information by the experts is always advisable before investing in any coin.
XYO’s price today is trading at $0.0040, with a 24-hour trading volume of $373,617. The total market cap is $52,156,880, with a circulating supply of 12,844,821,266 XYO. The historical data point to an all-time high at $0.08203 on 6 November 2021. An all-time low is noted at $0.00009607, which was on 13 March 2020.
Looking at the past year’s performance of the XYO Price chart, a downward journey of the XYO coin has begun from November 2021 onwards. Starting from December 2021, the price of XYO showed a bearish signal, and XYO’s price has dropped to half of its highest price, and the breakdown is unable to find support at any level. The global negativity can also be a reason for the plummet of the current trading session.
After looking at the major support and resistance levels for the current price, immediate resistance is placed at $0.0077, and any rise from this level can take XYO price to the resistance level at $0.0088. Bulls may seek an opportunity above this, and major resistance is placed above $0.011. Above this level, investors can think of the XYO coin as a long-term investment option.
On the downside, immediate support is placed at $0.0037; below this, XYO’s price seeks support at $0.0031.
Once the upward trend is confirmed, then traders can look for a swing entry. Proper price action with technical indicators support is appreciable before entering into a long-term position. Investors can wait for that before making an investment decision in XYO.
XYO Price Prediction 2024-2030
The fear of financial instability or macroeconomic threat did not stop the cryptocurrency market from coming to the fore. Despite this new asset class’s high risk and volatility, investors are betting on coins for the long term. The price of XYO is dependent on the underlying utility of the XYO coin name system, ecosystem, and market sentiments. Looking at the other side of making money in Digital assets, it is a tough row to know the future direction, so it is better to seek proper and good investment advice before making financial decisions in crypto which will help to buy or sell XYO. Let’s read more about the XYO price prediction for the future of XYO crypto for the next five years.
XYO Coin Price Prediction 2024
As per technical analysis and XYO forecast, the price of XYO may reach $0.011905 in the first quarter. As per the XYO coin forecast, the XYO price may cross an average price of $0.0145 by the year’s end. The maximum price level might hit $0.0169. The minimum price level of XYO coin might be around $0.00691 as per the XYO price prediction.
XYO Price Prediction 2025
XYO coin price prediction and technical analysis have anticipated an opening at $0.0152. XYO price may trade towards $0.0182 by the end of 2025. To sum up XYO coin price prediction for 2025, the minimum and maximum prices will be around $0.0166 and $0.0198, respectively. XYO will be a good investment option for the long term as per.
XYO Price Predictions 2026
According to the XYO forecast, the future price of XYO will be quite attractive since the chances of the price going up are higher than price correction based on the current price trends. The maximum price is predicted to reach by 2026 is $0.0279, while the minimum price may reach $0.0228. Throughout the year, the average price of XYO is predicted to be $0.02535, as per our XYO future price prediction.
XYO Crypto Price Prediction 2027
The price forecast throughout the year 2027 is highly bullish and the maximum price predicted is $0.0346 and the minimum price for the year is $0.0298. Based on the XYO price prediction for 2027 and our research, the average price is around $0.0322.
XYO Network Price Prediction 2028
In 2028, the price movement of XYO tokens might be slow compared to the previous year, and the price is expected to trade between the range of $0.0368 to $0.0420 as per our XYO crypto price prediction for 2028. The average price will be hovering around $0.0394.
XYO Coin Price Prediction 2029
Based on our XYO price prediction, there is a possibility that XYO can break through the $0.035 barrier and hold the market by the end of 2029. The lowest XYO price will be around $0.0524 while the maximum price level might be at $0.0581, and the most likely XYO price will be steady at $0.05525.
XYO Price Prediction 2030
There is a high probability that XYO coin price prediction 2030 will record tremendous gain in XYO crypto price, but it is also possible that it may not reach its expected maximum $0.0811 level. XYO is predicted to reach $0.08 in 2030, and it could be the year of XYO.
XYO Ecosystem Explained
Features of XYO
XYO can enable users to launch into a protocol of connected devices which provides accurate location information with the help of a chain of the cryptographic protocol. Users can initiate transactions called ‘Queries.’ Queries are used for recouping location data from any blockchain with smart contract functionality.
Aggregators will address the queries, find the best suitable answers from the decentralized device set, and feed this back to the smart contract. System components locate the object at a specific XY coordinate at a given time with almost certainty.
- The accuracy score is called the origin chain score, and it is determined by a set of zero-knowledge proofs called proof of origin chain.
- Each component along the data path adds proof of origin to protect the confidentiality of the information.
- Diviners have a decentralized consensus mechanism, and this is realized with the help of an immutable public blockchain called XYO main chain.
- XYO main chain pool query transactions, information collected from diviners, and associated scores.
- XYO is competent to interact with smart contract-capable, public blockchains such as Ethereum, Stellar, Cardano, EOS, and NEO.
- XYO app is available on both IOS and Android.
- The network has a ready-to-use SDK: Kotlin core SDK, Swift core SDK, and Node JS core SDK.
By integrating with the XYO network, E-commerce companies can track their shipment at every stage using separate ledgers. It will confirm shipment at every step as well as the delivery point. It can provide independently verified paths for the drone systems to avoid collision and intimate the exact path and locations.
XYO will help the medical industry by providing accurate location data for emergencies, reducing errors, and increasing hospital accountability. The flight transportation industry can leverage the advantages of XYO to precisely track luggage shipments to avoid losses and delays in delivery.
Products of XYO
Sentinels are physical or sentinel devices in the XYO that collect location information. When two sentinels are near each other, they will initiate the signal that they are in the exact location. This interaction is called the bound witness, and it is the proof of sentinel location, so sentinels are also called location witnesses. Sentinels observe the data heuristic and confirm its accuracy by producing ledgers. Sentinels are working with the help of proof of origin to a relay chain of cryptographic proof. When the information provided by the sentinel meets the criteria of the network and is accepted as an answer; then, sentinels will be rewarded using XYO tokens.
Bridges act as an interconnection between sentinels and archivists. It takes the information from the sentinels and provides that to the archivist. It is a node that searches for witness interaction. Bridge nodes can be operated from Bridge devices or smartphones. Bridges transfer the same details without any alteration only by adding Proof of Origin. When the information is transferred, a bridge is used to answer the query, then they will get incentivized using the native token of XYO.
Archivists are the information storers to Diviners. Archivists record all the confirmed witness interactions. It collects data from bridges and is stored in a decentralized form. The archivist also has ledgers; hence they can easily return a string of ledger data if needed. The storage in archivists is free, and archivists are incentivized only when the stored raw information has been used to answer a query. Archivists are interconnected, so if one archivist cannot answer a particular query, it will ask the other.
Furthermore, archivists are of two types, one at the production edge and the other at the consumption edge. Archivists in the middle are called hybrids. An additional Proof of Origin will be added when data is handed over from one archivist to another, and all archivists involved in the transfer will be rewarded.
Diviners serve as an oracle to upload this data into smart contracts. Diviners collect the information transferred from archivists, analyze them, and provide accuracy scores to generate them as answers. Therefore they are considered the most important part of the network. Diviners try to find out the exact answers from the archivists for the query raised in the smart contract. Answers with the highest accuracy scores will be selected as answers to upload back to smart contracts. Queries in the smart contract are prioritized based on the reward. The higher the reward, the faster the query will be addressed by the system.