XYO cryptocurrency has shown significant growth, rising 30% due to the appointment of a new strategic advisor and preparations for a new blockchain network launch.
XYO Growth Amid Appointments
XOY saw significant growth after announcing the addition of Sky Wee as a strategic advisor. Wee, a recognized member of the Forbes Business Council and managing partner at Elevate Ventures, ATF Capital, and Sky Ventures, will assist the project in preparing for the Layer-1 blockchain network launch, scheduled for Q1 2025. This appointment and the overall launch preparations are major factors driving the XYO price increase.
XYO Market Positioning
Currently, XYO is valued at $0.0232 per coin, marking a 77% rise from its lowest point of the week. XYO's market cap has exceeded $305 million. Despite the broader crypto market correction of 3.9% over the last 24 hours, XYO shows significant strength due to its anticipated network launch and its recent listing on the Turkish crypto exchange Bitci with lira/USDT pairs.
Projections and Expectations for XYO
Analysts are optimistic about XYO, noting its potential to continue rising. ForkedThoughts highlighted the formation of a channel that could lead XYO to the $0.055 to $0.066 range soon. By year’s end, the price could reach $0.10-$0.20. Speculation about a potential collaboration with Tesla is also drawing investor interest, possibly boosting further growth for the cryptocurrency.
XYO is showing strong momentum amid its anticipated blockchain network launch and strategic appointments. These events have sparked significant investor interest and activity in the cryptocurrency.
