From that point on, the price continued to fall throughout 2019. The lowest price for 2018 was $0.001 in mid-September, while the highest was almost $0.006 near the end of the year. Till the end of 2018, XYO has a pretty bumpy ride with numerous spikes and drops in price. When the token first came on the market, it started its life at a price of $0.005 at the end of May 2018. Our XYO price analysis shows something that is not so common with other cryptocurrencies. Regardless, the price had a reasonably predictable increase and decrease since the token came to the market. It only managed to sell about 25% out of the maximum supply at that time. One of the reasons for that is the ICO didn’t go so well. The XYO token has been around for a little over three years, and unlike some of the other coins from that era, the XYO coin price is not something spectacular. XYO Price Analysis for the Past Several Years The XYO token’s main task is to make the calculations for the smart contract created on the network. Since the network is Ethereum based, the token is based on the ERC-20 protocol. XYO Network Utility TokenĪs with every blockchain network, the XY Oracle Network has its own token, and this one is called XYO. The advantage of this is that the payments will be much faster than traditional ones, and the seller would get the funds almost instantly. Since the network’s primary task is to verify locations, the seller would be able to create a smart contract, and XYO’s job would be to follow the package and complete the payment once it gets to the destination. XYO has tons of potential applications, but the one that seems to be mentioned the most is getting payments for deliveries. The final step in the process is the conversion of that data into smart contracts. Their job is to analyze the data and answer the requests on the network. ![]() The final link in the network is the Diviners, who get the sorted data from the Archivists. They sort out and clean up the data so that it can be stored correctly by the Archivists. The information gathered from them is sent over to the Bridges, whose job is to pass it over to the next in the line, the Archivists. The Sentinels are responsible for getting the details about the location using various sources like sensors, WIFI, Bluetooth, and radios. The XYO Network has four parts that work in combination to get the full package: Sentinels, Bridges, Archivists, and Diviners. The XY company exists since 2012, and their main occupation is developing the location technology that is later used in many branches where the location is a crucial aspect. The network was first released back in 2017 and looking at their website’s roadmap, we can see that the guys have been quite busy, which is no surprise. Gate.io, Coinbase Pro, KuCoin, Uniswap,, Huobi Global Many experts say that XYO is the future of geo-location because it works something like a GPS. XYO, also known as XY Oracle Network, is a blockchain network offering verification of locations built on top of the Ethereum protocol. XYO Price Analysis for the Past Several Years.Before I dive into the XYO price prediction, I will explain what the network is, make an XYO price analysis, and then give you my predictions for the XYO coin price in the next four years. As a smart-contract-based blockchain network, Ethereum aimed to improve the blockchain world and fix some flaws that other networks had.Įthereum set the ground for developing multiple networks in the future, among which is XYO, the network, and coin that I’ll be talking about today. ![]() Until 2014 all of them were based on the Bitcoin blockchain, and in that year, the Ethereum network was created. In time, as more and more began to understand and see that there may be something to it, we started to see an increase in interest.Īs soon as Bitcoin started to become more and more popular, we began to see new blockchain networks and cryptocurrencies on the internet. It was a new virtual currency that many were afraid to use. As the first cryptocurrency, Bitcoin’s first few years were not as its creator intended them to be. Cryptocurrencies didn’t have the best start, but in time they began to increase in popularity.
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