XYO Network (XYO) Price Prediction – 2024, 2025 – 2030

XYO Network (XYO) Overview

XYO Network (XYO) Introduction

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.

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.

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). 

XYO Network 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 Network Market Status and Sentiment 

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.

XYO Network (XYO) Current Price

XYO Network is currently worth $0.005722 USD. XYO has moved -4.62% in the last 24 hours with a trading volume of $1,613,255. XYO Network is currently ranked 484 amongst all cryptocurrencies with a market capitalization of $77,112,991 USD.

Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for XYO Network (XYO) to decide wether it is going to have a bullish or bearish year.

XYO Network (XYO) Price Predictions

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.

For future forecasting, you can find our XYO price predictions below.

Our price prediction forecasts use real-time XYO Network (XYO) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.

XYO Network (XYO) Price Prediction 2024

XYO Network, according to some, is one of the most amazing cryptocurrencies to rise this year (XYO). The XYO price forecast for 2024 anticipates a significant increase in the year’s second half, possibly reaching $0.008583.

As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.008011 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. XYO is expected to have a minimum value of $0.006866.

XYO Network (XYO) Price Prediction 2025

In 2025, XYO Network XYO price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of XYO will soon surpass $0.014305. However, we should wait to see if the XYO’s relative strength index comes out of the oversold zone before placing any bullish bets.

Considering the market volatility, XYO will trade with a minimum trading price of $0.011444 and an average trading price of $0.012588.

XYO Network (XYO) Price Prediction 2026

If the upward trend continues until 2026, it could reach $0.020027 and XYO may profit. If the market experiences a decline, the goal may not be met. XYO is expected to trade at an average price of $0.01831 and a low of $0.017166 in 2026.

XYO Network (XYO) Price Prediction 2027

If XYO Network successfully boosts market sentiment among cryptocurrency enthusiasts, the XYO coin price could remain stable for the next five years.

According to our projections, XYO will be green in 2027. The XYO is expected to reach and surpass its all-time high in 2027. In 2027, the virtual currency will be worth $0.025749, with a minimum price of $0.022888 and an average price of $0.024032.

XYO Network (XYO) Price Prediction 2028

After some extensive forecasting and technical analysis, we estimate the XYO price is expected to cross an average price level of $0.029754 by 2028, with a minimum price of $0.02861 expected before the end of the year. Furthermore, XYO has a maximum price value of $0.031471.

XYO Network (XYO) Price Prediction 2029

Due to the future partnerships that are expected to happen by 2029, we are expecting that a bullish trend will continue, bringing the average price to around $0.035476. If XYO manages to break the resistant level in 2029, we could see a maximum price of $0.037193, failing to gather the support XYO needs by 2029 could result in a low of $0.034332.

XYO Network (XYO) Price Prediction 2030

While XYO is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $0.040054 and a yearly price close above $0.042914 in 2030.

XYO Network (XYO) Price Prediction 2031

By 2031, XYO Network will finally surpass its previous ATH values and record new price levels. The minimum price could be $0.045775 and potentially reach a maximum price value of $0.048636, averaging out at $0.04692.

XYO Network (XYO) Price Prediction 2032

The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2032, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum XYO price in 2032 is projected to be $0.056075 in the event of a bull run, with an average price level of $0.053786.

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