The XY Oracle Network is a technology that collects and validates geospatial data or information. It is also known as the XYO Network. To collect data, location beacons are applied in cooperation with the internet of things and mobile devices. Validating geographical data is a critical component of the protocol. Let’s have a look at the XYO price forecast stated in full here.
The trustless cryptographic location network allows for layered location verification across multiple device protocols and classes. To establish the XYO Network, a new cryptographic technique called proof of origin & bound witness is integrated with blockchain technology and real-world location-based data collecting.
XYO aims to develop decentralized, trustless systems or location oracles. The XYO coin allows smart contracts and blockchain system developers to interact with the actual world in the same way that an API does. The system attempts to offer precise details by using a series of abstractions. This set of abstractions reduced the risks of location spoofing through a chain of zero-knowledge proofs.
The XYO cryptocurrency community was founded in 2017. The XY network was founded by XY Labs. The developers intend to educate the world about the benefits of an incentive-driven geospatial positioning network.
XYO Price Prediction | Introduction
When the XYO coin was launched, it saw a little price spike before experiencing a decline with the same intensity. Its price then stabilized for a time, and support and resistance levels were established at this point.
The XYO project, which aims to deliver geospatial solutions, determines the value of XYO. The project, which is still in its early stages, allows XYO tokens to be exchanged and staked against other unique ERC-721 tokens representing locations in the real world.
XYO Price Prediction: Technical Analysis
Following a period of impressive bullish momentum, the XYO cryptocurrency reached an all-time high price of $0.06942 on November 13, 2021.
At the moment of writing, XYO’s value was $.0.00428, with a market cap of $54,999,553, and a 24h trading volume of $312,494.
Here is XYO’s 6-month price evolution:
|Month||Opening Price||Closing Price||Month High|
XYO Price Prediction: Market Opinions
PricePrediction’s review states that the XYO price will reach $0.005 in 2023, with a minimum price of $0.004. TradingBeasts, on the other hand, continues to forecast XYO price increase, projecting a maximum value of $0.0078004 in 2023.
XYO Price Forecast for December – January
According to DigitalCoin, XYO has reached a massive support level, which has halted the bearish trend. It is expected to result in a fast recovery. According to their XYO price prediction for the rest of the year, XYO will reach $0.00530 in December.
PricePrediction indicates that the coin will reach $0.005 in December. They predict that XYO is expected to maintain its value for the first months of 2023.
XYO Price Forecast for 2023
Changelly Blog predicts that based on recent years’ XYO pricing, it is estimated that the minimum price of XYO in 2023 will be about $0.0059994. The highest XYO price will be around $0.0079992. The average trade price for XYO in 2023 might be $0.0069993.
According to a Cryptonewsz.com XYO price projection, the coin will start the year trading at $0.0371. Following this, there will be a lag in the crypto markets, and XYO coins may move slowly in the second half of the year. According to their XYO price forecast, the highest value is anticipated to be $0.0351, the minimum trading value is $0.0289, and the average trading value is $0.0316.
Cryptocurrency Experts and Influencers
Cryptopolitan’s XYO price forecast for 2023 is as high as $0.008. For the same year, they project the XYO price to trade at an average of around $0.007. The price of XYO in 2023 is likely to stabilize over time.
XYO Network XYO price forecast has a lot of space for growth in 2023, according to Bitcoinwisdom.com believe that the price of XYO will reach $0.010811 as a consequence of the possible announcements of various new collaborations and initiatives. However, before initiating any positive trades, traders need to wait to observe if the XYO’s relative strength index moves out of the oversold zone. XYO will trade at an average trading price of $0.009386 and a minimum trading price of $0.008532, considering market volatility.
Latest News about XYO
According to an article published on XYO Network, XYO is helping to map the path for the Metaverse. The Metaverse is a newer concept that gives a visual depiction of data now stored on the internet. Its fundamental base is a collection of well-known sectors such as ownership of anything, data monitoring, social media, logistics, marketing, and inventory management. XYO is ahead of the curve in this area of development. Its goal is to become the world’s first reality oracle, allowing anyone to participate in the global data economy. This is made possible by the validation of secure and anonymous geographical data.
XYO is ideally positioned to help construct a virtual representation of the actual world that can be reproduced to deliver live moments in real-time. This is made possible by a network of millions of individual users and nodes that contribute their data in return for XYO Token.
Rather than providing data to a faceless multinational corporation for profit, XYO has capitalized on the popularity of play-to-earn. It has gamified data creation through its COIN App, which rewards users with COIN in exchange for validating geospatial location data while traveling, jogging, commuting, or simply going about their daily lives.
What Is XYO?
XYO is an Ethereum-based currency that fuels the XYO Network. XYO is a decentralized network of devices that gather and validate geographical data anonymously. XYO tokens may be staked against or traded for unique ERC-721 tokens representing real-world locations on the XYO World platform.
How to Buy XYO?
The easiest way to purchase XYO is through a cryptocurrency exchange. The token is available on various platforms, including Binance, KuCoin, Coinbase, Crypto.com, and many more.
What Is XYO Used For?
The XYO Network is a decentralized device network that collects and validates geographical data anonymously. The Ethereum blockchain serves as the foundation for XYO. Geospatial data is information about a given location. The platform’s purpose is to promote research, education, and development of the XYO protocol in order to raise public knowledge of the benefits of an incentive-driven geospatial location network.
XYO Price Prediction: Verdict
The XYO Network is a revolutionary project that tries to simplify access to geographical data. In comparison, the XYO coin has a low amount of volatility. While some traders see a long-term opportunity to make high profits, speculative cryptocurrencies like XYO still have significant downsides.
The XYO coin’s price is expected to rise in the long run, making it an excellent long-term investment. Despite the present bearish trend in the crypto world, bullish markets are projected in the near future. The XYO token’s trading price is expected to increase in the future.