XYO Price Prediction and Analysis in July 2020

Today, we will be looking at some of the past price trends, developments, and market opinions for XYO so that we can issue an XYO price prediction for July 2020.

XYO Overview

XYO is a decentralized oracle network of devices that anonymously collects and validates location data, or data with a geographic component, for cars and smartphones.

XYO currently holds a 484^th position based on a market cap of $6,377,611, with a 24-hours trading volume of $52,213.95 worth of XYO. There are 12.844.821.266 XYO coins in circulation out of a total supply of 13.960.974.963 XYO. XYO is currently priced at $0.000497, with an increase of 10.50%.

XYO Price Prediction: Analysis

The coin started out June at a price of $0,000322 and maintained itself between the $0.0003 and $0.00034 level until June 9^th. The next day, XYO passed a new resistance level of $0.0004. This triggered a bull run for XYO, as it continued to break resistance level after resistance level, passing $0,000480 on June 11^th, $0,000670 on June 12^th, and $0,000843 on June 13^th.  But on June 15^th, XYO faced a pull-back to $0,000729 and trading continued to decline the next day. On June 16^th, the coin went into a $0.0006 range.

The coin further declined on June 19^th, going below the $0.0006 to $0,000553 and plummeted to $0,000425. XYO traded between $0.0004 and $0.0005 until June 25^th. On June 26^th, the token went below the $0.0004 support level, opening at $0,000364. The next day, XYO made a recovery to $0,000447, closing the day at $0,000432.

Until June 29^th, XYO traded between $0.000420 and $0.00037. XYO closed the month at a price of $0,000413. Today, July 6^th, XYO is trading at $0.000496, with an increase of  10.52% in the last 24-hour period. If the token manages to get past $0.0004, it might generate a new bull run, but it would have to escalate to the second resistance level of $0.000430. But further slippage below the current level might continue its bearish trend.

The current resistance, pivot, and support levels calculated by WalletInvestor are:

• Resistance Level (R3): 0.000482
• Resistance Level (R2): 0.000447
• Resistance Level (R1): 0.000430
• Pivot Point: 0.000396
• Support Level (S1): 0.000379
• Support Level (S2): 0.000344
• Support Level (S3): 0.000327

Developments

There have been no public announcements regarding the recent developments or partnerships of the XYO project. Their Github page shows that they have 29 repositories, with one person working on the repositories. The last update was made 22 hours ago, which shows at least that there is some recent activity. There are no public projects that we can see on their Github page.

XYO Price Prediction: Market Opinion for July 2020

As there are various sites that have made their own XYO price prediction, we will be featuring some of the most relevant ones to help you determine the market sentiment for XYO.

Digitalcoinprice

Digitalcoinprice’s XYO price prediction comes with another positive price for the coin this July, placing the coin at a value of $0.00060064, with a change of 52.27%.

Coinpredictor

Coinpredictor projected that XYO will hit a price of $0.000482, with an increase of +6% in the next 24 hours, and in the next 7 days the site foresees an increase of +5.8% which would place the coin at $0.000481. By the end of July, they expect a drop of -34.9% to a price of $0.000296.

Bitverzo

Bitverzo’s XYO price prediction extends for all of the days in July, along with their average, minimum, and maximum values.

Cryptoground

Cryptoground estimated that tomorrow, XYO will have a price of $0.0005, with an increase of 13.81%, and in one week, the site projected that XYO will have a market price of $0.0005, with an increase of 25.98%. The coin is expected to close the month at $0.0005, with a change of 15.14%.

Gov.capital

Gov.capital estimated that by mid-July, XYO will have an average price of $0.000021, with a maximum expected price of $0.00021 and a minimum price of $0.000020.

WalletInvestor

WalletInvestor posted daily predictions for the next 10 days of July, also including the minimum and maximum values of the coin for each individual day.

XYO Price Prediction: Verdict

This is the end of our XYO price prediction. Judging by the data we have collected from other cryptocurrency prediction sites, XYO predictions seem rather positive based on the time being.

Featured image: medium.com