On January 29, XYO rose more than 65% to an intraday height of $ 0.025, when the crypto recovered from a downward trend that had existed since December.
According to data from crypto.news, the XYO Network (XYO) rose by 40% in the last day after the XYO Layer One had announced, with its price from $ 0.0157 to $ 0.0224 at the time of writing. In the same period, the market capitalization of the Activum shot 42% to $ 312 million, while the trade volume divided by a huge 1100%, with around $ 86.7 million.
On January 28, XYO launched his own Layer-1 blockchain, XYO Layer One, which is set as the backbone of his ecosystem. The blockchain, with multichain support, is said to be applications in various sectors, including AI models, blockchain tools, Real-World asset management and Depin.
Market commentators too observed That the Altcoin was recently broken from a falling wig pattern, a bullish pattern, which positions the sign for more profit for us.
Further rumors around a potential collaboration with the manufacturer of electric cars Tesla also won fame within the community.
When these rumors first emerged, XYO responded with an increase of 125% in less than 24 hours early December 2024.
Another factor that could help support the current XYO rally is the story of a project based in the US. Recently report Claim Eric Trump has driven the idea of a capital gain of 0% on the American cryptocurrency projects as a way to stimulate blockchain innovation.
Although Eric Trump himself is not a policy maker, his comments have been interpreted as a reflection of the broader attitude of the Trump government. The possibility of such a tax stimulus alone has fueled speculationEspecially around projects such as XYO, which could see more interest from investors who want to benefit from potential tax benefits.
XYO is currently 327% higher in the past year, with a circulating range of approximately $ 13.93 billion tokens.
What is XYO Crypto?
XYO is the governance and usefulness of the decentralized physical infrastructure network project with the same name. It nourishes the XYO eco system by supporting consumer software, developer tools and digital assets.
The network is designed to promote data on sovereignty, to reward users for contributing and maintaining accurate location-based information, where the XYO token serves as the basis of this system.
