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What is the highest and lowest price in the history of Symbol (XYM) currency?
Symbol (XYM) cryptocurrency has witnessed a significant price range, peaking at $0.23 in March 2021 and reaching its lowest point at $0.02 in June 2022.
Dec 15, 2024 at 01:37 pm
What is the Highest and Lowest Price in the History of Symbol (XYM) Currency?
Symbol (XYM) is a cryptocurrency that was launched in March 2021. It is the native token of the Symbol blockchain, which is a public, permissionless blockchain that is designed to be scalable, secure, and efficient.
Highest Price
The highest price that Symbol (XYM) has ever reached was $0.23 on March 14, 2021. This was just a few days after the token was launched, and it coincided with a period of intense buying activity in the cryptocurrency market.
Lowest Price
The lowest price that Symbol (XYM) has ever reached was $0.02 on June 22, 2022. This was during a period of prolonged market downturn, and it was part of a broader sell-off in the cryptocurrency market.
Factors Affecting the Price of Symbol (XYM)
The price of Symbol (XYM) is affected by a number of factors, including:
- Supply and demand: The price of Symbol (XYM) is primarily driven by the forces of supply and demand. When there is more demand for XYM than there is supply, the price will rise. Conversely, when there is more supply of XYM than there is demand, the price will fall.
- News and events: The price of Symbol (XYM) can also be affected by news and events, such as the launch of new features on the Symbol blockchain, or changes in the regulatory landscape.
- Market sentiment: The price of Symbol (XYM) can also be affected by market sentiment. When the market is bullish, investors are more likely to buy XYM, which can drive up the price. Conversely, when the market is bearish, investors are more likely to sell XYM, which can drive down the price.
Conclusion
The price of Symbol (XYM) has fluctuated significantly since it was launched in March 2021. The highest price that XYM has ever reached was $0.23 on March 14, 2021, and the lowest price that it has ever reached was $0.02 on June 22, 2022. The price of Symbol (XYM) is affected by a number of factors, including supply and demand, news and events, and market sentiment.
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