XYO token value rises for the 2nd time in a month by more than 30% — the secret and what will happen to the coin next

XYO Network’s native token soared 34.4% (from $0.0538 to $0.07184) during the day. This is already the second bullish rally for the coin in the last two weeks, but it is not quite clear what the reason for such rapid growth is. We tried to understand the nature of XYO’s rise. 

Current price

XYO entered the market in May 2018. At that time, you could buy the coin for $0.004555. According to CoinMarketCap, the asset began raising in value immediately in 2023, starting at $0.003159 on January 1 and during that time reaching $0.006977 on January 13 at the time of writing. 

On January 5, the token appeared in the top 5 most popular coins on Google Trends. We see the activity of the community lately and maybe this is the reason for the growth of the token and getting into trends. At that time, XYO rose in value by 46.62% per day (from $0.00469 to $0.008786). 

There was a slight increase on the “green day” as well. At that time the whole market suddenly went up because of the news about a decrease in unemployment and rumors about the decline in inflation in the USA. On January 9-10, the value of the asset rose from $0.005679 to $0.006048, but then began to decline and did not rise until January 13.

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What do they say about XYO on the internet?

Twitter gives out a number of posts with the #xyo tag, whose authors actively promote the token and publish graphs of the coin’s growth. This probably affects the number of search queries that push XYO into trends. And the more topic queries on social networks, the higher its value. 

We reported about XYO on January 5. When the coin hit the trend, its price went up. 

The project team applied for a listing [admission of the asset to the exchange] on Binance in 2018 right after the launch. However, it still hasn’t received approval, which doesn’t make the community happy. User The Crypto Keeper.xyo believes the token deserves to appear on the platform and is “literally a gps [sic] for blockchain.” 

“I don’t trust any crypto exchange more than your [sic] but I simply can’t use it without $xyo,” he stated. 

And XYO founder Arie Trouw admitted that he is now working on a roadmap for the project for 2023. According to him, the actions will focus on expanding the token’s features, and the year will be “huge.” He has not yet announced exactly what will be done.

Price prediction

So far, the coin rarely appears in the information field and grows only due to the activity of the community. If it were added to Binance, it could raise its value. That hasn’t happened yet, and maybe it won’t. 

According to a technical analysis by PricePrediction analysts, XYO could rise to $0.008991 in 2023. The minimum value could be $0.006999. 

In the near future, the coin could see another rise. Investor and trader Nick Cruz noted that the coin’s token could still rise in value. He called it a “break-retest-go.” If XYO starts falling again but holds around $0.00524, then it could bounce back up again.