Is Xyo Crypto Worth Investing In?

XYO is a cryptocurrency that powers the XYO Network, a decentralised network of devices that anonymously collect and validate geospatial data. The XYO Network is also known as the XY Oracle Network and was founded in 2017 by XY Labs. The XYO token is built on the Ethereum blockchain and can be traded for and staked against unique ERC-721 tokens representing real-world locations. The XYO Network operates through four primary components: Sentinels, Bridges, Archivists, and Diviners. As of September 2024, the XYO token is ranked #463 by market cap, with a live market cap of $60,080,442 USD. The current price of XYO is $0.004458 USD, with a 24-hour trading volume of $935,009 USD.

Considering the XYO price predictions and the potential of the project, should you invest in XYO? Well, that's up to you to decide. Cryptocurrency markets are extremely volatile, and it's difficult to predict if a coin's price will go up or down. It's important to do your own research and remember that even high-market cap cryptocurrencies can be affected by bear markets.

XYO's price history and future predictions

XYO was introduced in January 2018 as a DePIN IoT project of XY Labs, Inc. The XYO token (ERC-20) was released in March of the same year. The XYO network aims to take advantage of location-based beacons that are spread around the world.

XYO first came onto the open market in May 2018, when it was worth about $0.006. In early 2021, the crypto market went through a boom phase and XYO reached a periodic high of $0.007825 on April 4. It then slid down, closing the year at $0.03389. 2022 was a bad year for XYO, with the collapse of the Terra (LUNA) blockchain in May and the SEC declaring it an unregistered security in August. XYO closed 2022 at $0.00307, a year-on-year loss of more than 90%.

In 2023, XYO more than doubled in value, ending the year at $0.006417. By February 28, 2024, XYO was worth about $0.008. On September 17, 2024, the live XYO price was $0.004458 USD, with a 24-hour trading volume of $935,009 USD.

According to technical analysis of XYO prices expected in 2024, the minimum cost of XYO will be $0.0049. The maximum level that the XYO price can reach is $0.0055. The average trading price is expected to be around $0.0051. In September 2024, the forecasted average of XYO is nearly $0.0051.

In 2025, the minimum price of XYO is expected to be around $0.0074, with a maximum expected price of around $0.0087. On average, the trading price might be $0.0077.

Looking further ahead, in 2026, the minimum and maximum prices of XYO are expected to be around $0.0103 and $0.0130, respectively. The average expected trading cost is $0.0107.

By 2027, the minimum XYO price might drop to $0.0156, while its maximum can reach $0.0180. The average trading cost will be around $0.0160.

In 2028, the maximum and minimum XYO prices are expected to be $0.0274 and $0.0222, respectively. On average, it will be traded at $0.0230.

In 2029, the estimated average XYO price will be around $0.0332. It might drop to a minimum of $0.0322, but it could also reach $0.0378 throughout the year.

Moving into the next decade, it is estimated that XYO will be traded between $0.0470 and $0.0556 in 2030. Its average cost is expected to be around $0.0486.

In 2031, the maximum XYO price is expected to be $0.0839. However, its rate might drop to around $0.0689. So, the expected average trading price is $0.0714.

After years of analysis of the XYO price, crypto experts are ready to provide their XYO cost estimation for 2032. It will be traded for at least $0.0998, with possible maximum peaks at $0.1194. Therefore, on average, you can expect the XYO price to be around $0.1027.

Cryptocurrency analysts predict that the year 2033 will be determined by the maximum XYO price of $0.1774. However, its rate might drop to around $0.1510. So, the expected average trading price is $0.1551.

Looking even further ahead, the maximum XYO price in 2040 is expected to be $3.10. However, its rate might drop to around $2.48. So, the expected average trading price is $2.64.

Finally, in 2050, the maximum XYO price is expected to be $4.61. However, its rate might drop to around $3.94. So, the expected average trading price is $4.16.

XYO's market cap and value

XYO is a DePIN ecosystem of consumer software, developer tools, a decentralised network, and digital assets. The XYO token is the currency of XYO and is used to incentivise users to participate in data submission and collection. The XYO token is a deflationary ERC-20 token with a fully diluted market cap of $2.116 trillion. The current price of XYO is $0.004458 USD, with a 24-hour trading volume of $935,009 USD. The market cap of XYO is calculated by multiplying the token price with the circulating supply of XYO tokens, which currently stands at 13,476,747,692 XYO coins. The maximum supply of XYO coins is 13,931,216,938.

The XYO Network's market cap is BTC1,057.5402, and it is ranked #538 on CoinGecko. The market cap is a measure of the total market value of a cryptocurrency's circulating supply and is similar to the stock market's measurement of multiplying price per share by shares readily available in the market.

The XYO Network's fully diluted valuation (FDV) is BTC1,057.5402, which is a statistical representation of the maximum market cap, assuming the maximum number of 14 billion XYO tokens are in circulation. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price.

The XYO Network's price has seen a recent rise in market activity, with a trading volume of $980,009.63 in the last 24 hours, representing a 27.20% increase from the previous day. The highest price paid for XYO was BTC0.051874 on November 6, 2021, and the current price is 94.60% lower than this all-time high. The lowest price paid for XYO was BTC0.082992 on March 13, 2020, and the current price is 4,419.90% higher than this all-time low.

Looking ahead, cryptocurrency experts have made predictions for the price of XYO in the future. In 2025, the minimum price of XYO is expected to be around $0.0074, with a maximum expected price of $0.0087. In 2026, the minimum and maximum prices are expected to be $0.0103 and $0.0130, respectively. By 2028, the maximum price of XYO is predicted to be $0.0274, and by 2030, the average cost is expected to be around $0.0486.

XYO's use cases

XYO is a DePIN ecosystem of consumer software, developer tools, a decentralized network, and digital assets. It facilitates and incentivizes the aggregation, validation, and use of decentralized data.

• AI modelling, metaverse applications, and data analytics: XYO provides immutable, tamper-resistant, blockchain data for these applications.
• Urban planning and environmental monitoring: XYO's DePIN infrastructure facilitates the use of both digital and real-world data streams for insights into various phenomena, including urban planning and environmental monitoring.
• Highly localized human mobilization for promotional purposes: XYO can incentivize all or part of its network via incentives, allowing partners to target specific demographics or locations for promotions, data aggregation, or tasks.
• Supply chain management: XYO can be used to verify the location of a physical item without the need for a centralized third party. This could be useful for supply chain management or asset tracking.
• E-commerce: E-commerce companies can use the XYO network to write smart contracts and track packages throughout the supply chain, from the warehouse to the consumer's house. This enables them to provide payment-on-delivery options without compromising security.

XYO's potential risks and challenges

Firstly, the cryptocurrency market is subject to significant volatility, and XYO's performance is closely tied to broader market trends. While XYO has benefited from crypto market booms, it has also suffered during downturns, such as the market crashes in 2022. This volatility makes it challenging to predict XYO's future performance, and investors should be cautious when interpreting price predictions.

Secondly, user adoption and retention are crucial for the success of any cryptocurrency. XYO's ability to attract and retain users will impact its long-term viability. While XYO has a substantial number of circulating devices worldwide, it competes with other geodata and mapping-related coins and tokens, which may dilute its user base.

Additionally, regulatory actions can significantly impact the cryptocurrency market. For example, XYO was named as a potential security in a court case filed by the US Securities and Exchange Commission in 2022, creating uncertainty for investors. Regulatory developments can influence investor sentiment and impact the price and availability of XYO on exchanges.

Furthermore, XYO's value proposition as a location-based service relies on its ability to decentralize location-oriented services and provide accurate and validated geospatial data. Any shortcomings or disruptions in its network or data validation processes could affect its ability to deliver on its core promise, potentially leading to a loss of user trust and confidence in the system.

Lastly, as with any investment, there is the risk of losing money. Cryptocurrencies are highly speculative, and their values can fluctuate widely. Investors should carefully consider their risk tolerance and conduct thorough research before investing in XYO or any other cryptocurrency.

XYO's role in decentralizing location-based services

The XYO Network is a trustless cryptographic location network that enables layered location verification across many devices and protocols. It is a DePIN ecosystem of consumer software, developer tools, a decentralized network, and digital assets. XYO's role in decentralizing location-based services is to facilitate and incentivize the aggregation, validation, and use of decentralized data.

XYO works by incentivizing users to participate in data submission and collection through various means, including the accumulation of digital assets like the XYO token and a variety of useful services provided by XYO. Anonymous data submitted this way is then permanently and immutably made part of XYO's decentralized data network. XYO and third-party developers can then tap into that data using XYO's suite of software and tools, including SDKs, documentation, and APIs. Transactions to receive data are paid in XYO tokens, maintaining a strong economic cycle within the system.

XYO's decentralized verification allows network devices to verify the data flowing into the network's databases by acting as witnesses for one another, strengthening the veracity of the data received. XYO is capable of processing any kind of decentralized data that can be generated, including location, user input, device interactions, and heuristics of all types. XYO's network is also fully blockchain-enabled, allowing both data aggregation and storage to be fully decentralized if desired, although centralized data storage is also easily accomplished.

XYO's four main products that fulfill its mission are:

• Sentinel: A physical device in the XYO network that broadcasts a signal with its location and other data (e.g. temperature or time). When a sentinel is near another one, they broadcast that they are near each other, and this interaction is proof of the sentinel's location. This interaction is called a bound witness.
• Bridge: A physical device that finds bound witness interactions and confirms them by placing a signature.
• Archivist: A database that stores confirmed bound witness interactions.
• Diviner: A node on the XYO network that answers questions using bound witness data.

Frequently asked questions