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Cryptocurrency News Articles
XYO Network (XYO) Price Prediction 2025-2030: Will XYO Reach $1 Soon?
Feb 10, 2025 at 08:09 pm
Despite experiencing a correction over the weekend, the XYO Network price has experienced a 30% increase over the past 14 days.
The XYO Network price has experienced a 30% increase over the past 14 days, despite experiencing a correction over the weekend. After hitting a weekly high of $0.02369 according to CoinGecko data, the Solana-based DePIN token has pulled back to $0. 01943 at press time.
However, the XYO Network price is still up by over 233% over the past year, indicating a robust market interest, possibly driven by both fundamental and speculative factors surrounding the token.
The recent XYO token price surge can be attributed to several developments, including the appointment of Sky Wee as a strategic advisor and the upcoming launch of XYO’s own Layer-1 blockchain.
Fundamentally, XYO Network has established itself as a major player in the DePIN space with over eight million nodes, making it one of the largest networks of its kind. In addition, the technology behind XYO, including proof-of-location and proof-of-origin, allows smart contracts to interact seamlessly with real-world data, which could revolutionize sectors like logistics and eCommerce.
Moreover, unconfirmed rumors of a potential partnership with Tesla have added additional enthusiasm to the market. Although these rumors remain speculative, they originate from a post made by one Scott P. Scheper in December 2024.
From:Scott P. Scheper
Rancho Santa Margarita, Calif.
Thursday, 2:22 p.m.
Dear XYO Spatial Miners,[1]
The tl;dr of this update is this: it’s happening.
I’ve assembled a team that is integrating XYO into Teslas.
Quite frankly, I’m not concerned with the type of people who want to cancel others for having a good time. They can have their fun. I have a job to do, and I fully intend on completing it.
The XYO price has been consolidating within an asymmetrical triangle pattern on the daily timeframe.
While an asymmetrical triangle could precede either a bullish or bearish breakout, there are high chances that the XYO price will break out bullish, leading to another bull run similar to the one experienced between November 19, 2024 and December 3, 2024.
From January 25, the market has been trending upwards, forming higher lows and higher highs, indicating a bullish sentiment.
The main resistance level to watch sits at $0.022, and it has been tested seven times, suggesting that the market is poised for a significant move if this barrier is broken
If the resistance is cleared, analysts and traders are eyeing short-term targets between $0.055 and $0.065, which could see the token’s value double or even triple from its current level. Long-term projections suggest that XYO might reach between $0.10 and $0.20 by the end of the year, with an ambitious upper target of $0.36 based on Fibonacci extension levels.
Conversely, we could see a bearish breakout if the price drops below the support level at around $0.015.
READ MORE: Trader Makes $12 Million Amidst $CAR Memecoin Controversy
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