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What are the highest and lowest prices in the history of Symbol (XYM) currency?
The highest price of Symbol (XYM) reached $0.770631 on March 29, 2021, just days after its launch, marking its all-time high.
Dec 10, 2024 at 11:27 pm
What are the highest and lowest prices in the history of Symbol (XYM) currency?
Introduction
Symbol (XYM) is a blockchain platform designed for secure and scalable data management. It was launched in March 2021 as a rebrand of the NEM blockchain. XYM is the native cryptocurrency of the Symbol platform, used for transaction fees, staking, and governance.
Highest Prices in XYM History
All-Time High (ATH): $0.770631
XYM reached its all-time high price of $0.770631 on March 29, 2021, just days after its launch. This surge was driven by the excitement surrounding the rebranding and the platform's potential for data management solutions.
Subsequent High: $0.542283
After its initial surge, XYM experienced a correction and traded in a range for several months. On May 12, 2021, it reached a subsequent high of $0.542283, fueled by positive market sentiment and the launch of new platform features.
Lowest Prices in XYM History
All-Time Low (ATL): $0.009759
XYM's all-time low price was recorded on June 18, 2022, at $0.009759. This drop was largely due to the broader cryptocurrency market downturn in the first half of 2022.
Subsequent Low: $0.016239
After its all-time low, XYM rebounded slightly and traded sideways. It reached a subsequent low of $0.016239 on August 23, 2022, as the market continued to struggle amid economic uncertainty.
Key Factors Influencing XYM Price
- Overall Cryptocurrency Market Sentiment: The price of XYM is closely tied to the overall sentiment in the cryptocurrency market. When the market is bullish, XYM tends to perform well, and vice versa.
- Platform Development and Adoption: The progress of the Symbol platform in terms of development, partnerships, and real-world adoption can significantly impact XYM's price. Positive news about the platform tends to drive demand and increase its value.
- Economic Conditions: Economic conditions, such as inflation, interest rate fluctuations, and recessionary fears, can affect the cryptocurrency market, including XYM. Market uncertainty can lead to sell-offs and price declines.
- Regulatory Landscape: Regulatory uncertainty or negative news about cryptocurrency regulation can negatively impact XYM's price. Clarity and positive regulatory developments can boost confidence and enhance investor demand.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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