Oracle Network (XYO) Price Prediction – 2022, 2025, 2030

  • In 2021, the price of XYO increased by 14,719.02% after listing on major exchanges. This uptrend will continue in 2022.
  • The average trading price of XYO tokens in 2022 is $0.010.
  • The long-term price prediction is bullish. XYO token will hit $0.41 by 2030.

XY Oracle Network also known as XYO Network is shaping the future of data by introducing the world’s first reality Oracle – the bridge between secure blockchain data and our physical world. This technology protocol is designed to improve the validity, certainty and value of data. It is building a data marketplace that gives users a gold-standard for any apps, websites and blockchain technologies that rely on trusted data. 

Blockchain technology is known for disrupting industries. This is exactly what XYO Network aims to accomplish by using blockchain technology to transform how geospatial data is collected and validated. Basically, it collects this data from the real world and feeds it into a blockchain protocol. So XYO Network allows developers of the smart contract and blockchain system to interact with the physical world like an API. 

The cutting-edge technology project was founded by Scott Scheper (CMO), Arie Trouw (CEO) and Markus Levin in 2017. Trouw studied computer science at the University of Cincinnati before completing a BS in computer science from New York Institute of Technology. After working as a software engineer for a variety of companies, he founded Yontoo, an IT services company. He also founded XY Labs in 2012, a company that produces new mobile and blockchain-related technologies. Meanwhile, Scheper is a serial entrepreneur. Prior to XYO, he founded Greenlamp, a programmatic advertising agency specialising in automated media buying. The company generated over $13.6m in revenue. Lastly, Levin is a serial tech entrepreneur who has led a range of ventures, including Novacore, Hive Media and Koiyo.

XYO co-founder Markus Levin shares vision of the project.

Five years post-launch, the project has rolled out major functionalities and built real world utility. For example, it is being used by e-commerce companies to track their shipment at every stage using separate ledgers. Then, in the fall of 2021 XYO token was listed on major exchanges such as Coinbase, Gate.io, and Kucoin. These listings positively impacted the price action of the XYO token which grew in value by 30,000% last year. 

In this article, we will give you a comprehensive XYO token price prediction from 2022- 2030 using key metrics, technical analysis and market conditions. First, we will go over how the project works and its roadmap. Then, we will tackle the role of XYO token in the project. Lastly, we will look at the historical data and the factors affecting the price of XYO token.

Discover XYO Network

The goal of the XYO Network is to create a trustless, decentralized system of location oracles that is resistant to attack and produces the highest certainty possible when queried for available data. The project accomplishes this through a set of abstractions that greatly reduces the risk of location spoofing through a chain of zero-knowledge proofs along the components of the system.

XYO Network transforms how geospatial data is collected and validated.

Users are able to issue transactions, called “queries,” in order to retrieve a piece of location data on any blockchain platform possessing smart contract functionality. Aggregators from the XYO Network then listen to these queries issued to the contract and fetch the answers that have the highest accuracy from a decentralized set of devices that relay cryptographic proofs back up to these aggregators. These aggregators then feed these answers back into the smart contract after reaching a consensus on the answer with the best score. This network of components makes it possible to determine if an object is at a specific XY-coordinate at a given time, with the most provable, trustless certainty possible.

The XYO Network has four primary components: Sentinels (The Data Gatherers), Bridges (The Data Relayers), Archivists (The Data Storers) and Diviners (The Answer Aggregators). 

The cutting edge technology of XYO Network involves an elaborate system that connects the blockchain to the physical world like an API.

XYO Token Overview

XYO tokens are Ethereum-based ERC-20 utility tokens that are used to reward contributions to the XYO network ecosystem. In a way, XYO tokens are the “gas” needed to interact with the real-world data and verify the XY-coordinate of a specified object. XYO tokens take into account both miners and users. The XYO token model incentivizes miners to provide data and not to provide data when it’s unnecessary. End users are rewarded to conduct more transactions when network liquidity is low.

The process works like this: A token holder first queries the XYO Network with a query (e.g. “Where is my eCommerce order package with XYO Address 0x123456789…?”). The query then gets sent into a queue, where it waits to be processed and answered. A user can set their desired confidence level and XYO gas price at query creation. The cost of a query (in XYO Tokens) is determined by the amount of data required to provide an answer to the query as well as market dynamics. The more data needed, the more expensive the query and higher the XYO gas price. Queries to the XYO Network have the potential to be very large and expensive. For instance, a trucking and logistics company could query the XYO Network to ask, “What is the location of every single car in our fleet?”

The XYO Network also provides mechanisms to maintain a healthy economic token system and a balanced liquidity ratio. XYO Miners are incentivized to not only provide accurate data but to also know when to provide no data at all. In order to not pollute the ecosystem with inaccurate data, an XYO Miner can pass off the opportunity to a competing XYO Miner (i.e. Sentinel, Archivist, etc.). The end-user holding XYO Tokens is encouraged to transact more when network liquidity is low, compared to when network liquidity is high. The token user receives economy-based rewards which are given up by XYO Miners who could have computed or verified the data, but elected not to in order to maintain the health of the ecosystem.

XYO Market Status and Sentiment 

As of press time, XYO is trading at $0.0071. The token is down 1.00%  in the last 24 hours. Meanwhile, the live market cap is $98,911,704.76.

XYO has a fixed supply of 13.96 billion tokens, all of which were released during a public sale, which means that no more XYO will ever be created. In March 2018, the XYO network held its initial token offering, using a tiered structure to price the tokens between 100,000 XYO per 1 ETH and 33,333 XYO per 1 ETH. Any tokens remaining from the token sale that weren’t allocated or purchased were burnt (destroyed) by the network.

The top cryptocurrency exchanges for trading in XYO tokens are MEXC, BingX, KuCoin, Huobi Global, and Gate.io. Meanwhile, here’s the market sentiment about the token:

“XYO could be worth as much as $0.0132 at some stage in June. Then, the average price will be $0.0141 in 2023 and $0.0144 in 2024. The XYO price prediction for 2025 is an average of $0.0192 and we are projecting a year-on-year uptrend to $0.0443 in 2030.”

DigitalCoinPrice

“According to our deep technical analysis on past price data of XYO, In 2022 the price of XYO is predicted to reach at a minimum level of $0.010. The XYO price can reach a maximum level of $0.012 with the average trading price of $0.010.”

PricePrediction

“In 2022, the price of XYO would sky rocket, the maximum trading price may reach $0.013 in 2022.”

TechNewsLeader

“XYO could go to $0.0299 in a year’s time and $0.11 in five years’ time.”

WalletInvestor

XYO Price Analysis

The XYO Network went live in December 2018 in tandem with its partnership with Spaceflight which planned to use XYO’s technology to communicate the position of satellites. XYO token began trading in May 2018 at around $0.00552, but progressively fell down to its all-time low of $0.00009607 in March 2020 following the departure of XYO co-founder and Vice Chairman Scott Scheper and a broader market downturn due to the COVID-19 pandemic.

XYO Price Prediction
Credit: Trading View

In September 2021, XYO reached a new high of $0.04636, gaining 207% following simultaneous listings on the Coinbase and Gate.io exchanges. Two months and several other exchange listings later, XYO surged to its all-time high of $0.08203 in November 2021, nearly breaking into the top 100 cryptocurrencies by market cap after reaching a major milestone of 3 million nodes and being listed on Crypto.com.

Starting from December 2021, the price of XYO showed a bearish signal and the XYO’s price has dropped to half of its highest price. Based on today’s classical pivot point (P1) with the value of $0.009089, XYO Network has support levels of $0.008912, $0.008713 and the strongest at $0.008536. Similarly, XYO Network resistance levels are at $0.009287, $0.009465 and $0.009663.

XYO Price Performance

Within the last month, the price of XYO decreased by -60.954%, eliminating a whopping average sum of $0.014 from its current value. Meanwhile, the 90 days price change is around -83.26% and the price circulated from a minimum average price of $0.052 to maximum average price of $0.061 in the past 90 days. XYO is down by -79.59% with the maximum average price of the coin was around $0.033 and the minimum average price of was around $0.031 in past 4 months.

XYO Price Prediction 2022

With more adoption and partnerships between leading blockchain networks, the price of XYO is predicted to reach a minimum level of $0.08 in 2022. The XYO price can reach a maximum level of $0.012 with the average trading price of $0.010. XYO grew tremendously in 2021 and the momentum is expected to carry over this year albeit by a small margin. The top-performing year for XYO Network was 2021 when the price of XYO increased by 14,719.02%. The teams said, “by further focusing on our technology, profitability and development growth, XYO is positioned for continued record success.”

XYO Network is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 142 days, since Jan 17, 2022. The price is also currently below the 50-day SMA and this indicator has been signaling SELL for the last 59 days, since Apr 10, 2022. Moving averages are a popular indicator in all financial markets. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. 

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 40.55, which indicates that the XYO market is in a neutral position.

XYO Daily Simple Moving Average

One of the main factors influencing the price action is XYO Network’s implementation of its roadmap. XYO 2.0, one of its major milestones is now live. Basically, it allows users to be a public archivist in just a few minutes. In addition, projects can easily add XYO to their ecosystem through the different SDKs.

XYO Price Prediction 2023

Are you planning to purchase XYO in 2023? The price of XYO will depend on the success of its efforts to expand into new markets. According to XYO co-founder Markus Levin, one of their main focus would be to grow the metaverse. He elaborated, “As for trading, many exchanges have added the XYO token to their platforms. In the near future, shares of XY Labs will launch on the tZERO ATS. This will continue to open up additional options for our shareholders and enable XYO to shape a global, cross-platform Metaverse.” The team also promised more exchange listings by 2023.

Combining the quantitative factors above with our technical analysis, XYO will start trading at $0.0482. There will be a lag after this, and XYO coins may move slowly in the year’s second half of the year. However, XYO is expected to hit a maximum value of $0.0351 while the minimum value is $0.0289. The average trading value is projected to be $0.0316. As such, given the current trading price of XYO which is only $0.008939, the token would become a profitable investment within two years. 

Considering the historical data, additional exchange listings in major exchanges have pushed up the price of XYO. As such, the additional listings in 2023 is projected to positively influence the price action. Hence, the positive price prediction for 2023.

XYO Price Prediction 2024

According to the XYO price prediction and technical analysis, the price will stabilize in 2024 and the change would not be as drastic as in the previous years. The price of XYO is predicted to reach a minimum level of $0.025 in 2023. The maximum level might hit $0.027 with the average price of $0.025 throughout 2023. The network offers competitive programmable payment, logistics, and storage options so it can potentially attract more users, investors and partners

XYO Price Prediction 2025

This year might mark as the benchmark year as XYO value is predicted to come close to its all-time high price. The opening price is projected to be $0.0621 and can potentially close at $0.0521. A strong bull run can be credited for the positive price action. In addition, XYO has applications across various industries that would have been realized by this period. Hence, the projected upswing in the price prediction.

XYO Price Prediction 2026

The cryptocurrency market is extremely volatile but a strong bull run in 2026 can push the price of XYO token to a maximum possible level of $0.068 with the average forecast price of $0.061. At this point, we have established that the long-term price prediction for XYO is that it will increase in value.

XYO Price Prediction 2027

The price prediction for XYO in 2027 is bullish. The token will finally surpass its all-time high price thanks to the completion of major project milestones. XYO is anticipated to hit a maximum price level of $0.106 by the end of 2027. Meanwhile, the predicted average price of XYO will be around $0.083.

XYO Price Prediction 2028

For the ZRX 2028 price prediction, we considered major factors such as mass adoption along with the historical prices. XYO will continue its uptrend and reach a minimum value of $0.15 in 2028. The XYO price could reach a maximum value of $0.19 with the average trading price of $0.13 throughout 2028.

XYO Price Prediction 2029

The long-term goal of the project is to combine the XYO Protocol 2.0 changes, COIN data producers and purchasers, and XYO Token Payment Channels, in order to build a true data marketplace that uses XYO Tokens as the low-cost payment method for data exchanges, without relying on the emergence of a cost-effective decentralized smart contract system. By 2029, all infrastructures and development required to achieve this would have been completed. As such, the price of XYO is expected to reach at a minimum price value of $0.24. The XYO price can reach a maximum price value of $0.28 with an average value of $0.25.

XYO Price Prediction 2030

XYO offers cutting-edge technology with real day-to-day utility. Hence, the steady bullish outlook on its price prediction. With such a strong use case, year-on-year growth will be seen as the project knocks off key milestones. So for 2030, the price of XYO is predicted to reach a maximum value of $0.41 which is a new all-time high record. The XYO price could reach a minimum value of $0.36 with the average trading price of $0.32 throughout 2030

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May Amaranto Verified

Princess May Amaranto is a content creator and brand builder for blockchain. She spent most of her 2021 covering the NFT, metaverse and play-to-earn projects. On weekends, she enjoys a round of golf, cycling and following the latest F1 Grand Prix.

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