XYO rose today by 50%, prior to the list on a leading South Korean exchange, Bithumb.
XYO Network (XYO) stood up to an intraday height of $ 0.015 during the morning hours in Asia on April 25, more than doubled from his monthly lows and to lift its market capitalization beyond $ 207 million.
Today’s rally was activated by the announcement of Bithumb that it will launch a WFD trade savings for XYO later in the day at 5:00 PM.
The listing price is set at 15.30 RW (around $ 0.0107), and the trade will go live shortly thereafter, with deposits and recordings that open two hours later, exclusively on the Ethereum network.
There is also growing excitement on the technical developments of XYO. The network recently launched a public beta from its own Layer-1 blockchain, XYO Layer One, together with a new utility token called XL1.
The new token deals with transaction costs, gas, contract version and user rewards, while the original XYO -Token will concentrate on governance and expand.
On-chain statistics also show strong growth in its position in the Defi room, with TVL climbing to more than $ 91 million, an increase of $ 37 million on 8 April. This was accompanied by an almost 300% peak in daily active addresses, which suggests that rising user involvement.
Santiment data support this and show a steady climb in the number of portfolios that holds between 10,000 and 100 million XYO -Tokens. That suggests that whales and medium -sized holders accumulate, which may be expected more upside down.
XYO -Price analysis
On the 1-day/USDT price diagram, XYO broke from a long-term falling trendline, which indicates a clear bullish reversal.
It now acts above both its 50-day and 200-day progressive averages, which is a strong sign that bulls have control.
Indicators such as the MacD and RSI also blink green, which shows the growing power behind the rally.
Based on this setup, the next potential target for XYO is $ 0.025, which marks the annual high so far. However, with the RSI now above the Overboughtzone, a recliningback could occur in the short term before the rally resumes.
Market commentators share similar expectations, with some even higher goals being viewed. According to analyst Javon Marks, XYO could prepare for a big movement. He sees the token on his way to a target of $ 0.06949, a potential profit of 360% compared to the current levels, now that Altocin is lower highlights and quickly picks up the momentum.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
