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Crypto

XYO Crypto: Why a Price Prediction of This Token Is So Hard

Here at Investment U, we tend to focus on projects that we’re long on. In the crypto space, that’s been pretty easy this year. But sometimes a project comes onto our collective radar that doesn’t spark optimism. And as you’ll see in this XYO crypto price prediction, XYO falls into that category.

In essence, there’s just not much value in XYO for the average crypto investor. And we’re not talking about those crypto hedge funds and purveyors of FUD out there. There just haven’t been many good use cases implemented for XYO yet..

Illustrated logo of XYO crypto

That being said, maybe it’s just our paranoia that’s keeping us at bay. But we think there’s more than a couple of other folks out there that might agree XYO just doesn’t line up with their privacy principles. Let us explain…

XYO Crypto: How It’s Being Used in the Real World

XYO crypto is a decentralized location and data blockchain network. It is built on the Ethereum network. As such, it can be used in conjunction with smart contracts, NFTs and decentralized apps also built on Ethereum.

This could be a nifty feature employed in the future. But as it stands, adoption is low. However, that could change down the line. As of right now, one of the more notable features of XYO network is that users can add their smartphones to the XYO network. This allows the connected to geomine crypto rewards from their smartphones that are location-based.

The process above is sort of an augmented reality process (like Pokémon Go) with crypto rewards. Users can find digital assets in a real-world place using the COIN app and then share location data with the network. Keep in mind, this is not to be confused with Coinbase (Nasdaq: COIN). In return, users are rewarded with COIN tokens. These tokens can later be exchanged for XYO crypto.

Essentially, users share their location data with the app in exchange for rewards. Quite frankly, there are already enough things tracking our movement. Do we really need something else doing this? It might be worth considering if it was going to lead to a noticeable amount of passive income. But that just doesn’t appear to be the case. Willingly giving up this information just isn’t worth five bucks a month to us. But if you feel differently, have at it. We all know Alphabet (Nasdaq: GOOG), Meta (Nasdaq: FB) and the like are already doing the same thing without any sort of monetary gain for us.

How the Future of XYO Could Be Useful

XYO crypto is building an extensive list of partners that could increase usage of its somewhat unique protocol. The example above seems to be a test case of the XYO protocol. Going forward, it is looking to be able to implement its tracking abilities to solve problems in airports, hospitals, e-commerce and even help with national security issues.

For instance, XYO is testing its ability to provide location data on luggage that, it says, could help travelers and airport staff track down missing bags.

Regarding the healthcare industry, the XYO protocol could help keep track of equipment, patients and staff. In addition to the obvious, this could reduce prescription dosage errors and unnecessary medical procedures.

The sort of augmented reality gamified testing process mentioned could incentivize location reporting. This, in turn, would lead to an archived location ledger. The easiest example to explain would be if a mail currier were using the COIN app. If he or she encountered an XYO network node on their route, the location would be recorded. In essence, this leverages crypto in a way that also takes advantage of blockchain technology. And this could lead to a whole new degree of reliability in tracking systems.

But all of these breakthroughs are wholly dependent on adoption and scale. And until we start to see any of these applied to real world industries, XYO crypto remains a speculative asset. But we suppose that’s the crypto market as a whole in many ways.

Sure Solana built one of the fastest blockchains out there. But if adoption didn’t happen, it’d still be trading for $4 a coin. So there is a chance that XYO crypto could really take off if its partners start using its network. But that’s still a big if.

The Bottom Line on XYO Crypto

If the future really is going to take place on the blockchain, the XYO network could play a sizable role. It’s not hard to see how rental car businesses, hospitals, airports and delivery services could take advantage of its features.

The XYO Foundation also has a goal of ending human trafficking, which is an even more noble goal. It’s teamed up with Mujer Segura, which allows a person in a state of distress to send an alert through their smartphone to send out a location-based alert to loved ones. At this point, the app is only available in the Google Play store. And it is only for use in the Baja California region. But this process could engender further partnerships going forward. And it could also result in a whole lot of good will in the crypto community.

In the future, people may be more willing to share their location data. Especially if it results in a safer world for all. But it’s tough to see widespread adoption happening anytime soon.

As a long-term investment, XYO crypto could be a smart move. Ten or 20 years from now, the XYO network could be a household name. But with a big emphasis on the anonymity in web 3.0, it’s debatable whether all that tracking will willingly catch on. Even if it does come from a place of altruism.

That being said, investors willing to bet otherwise can find XYO crypto on Coinbase, crypto.com, KuCoin and Gate.io among a couple of other exchanges.


About

Matthew Makowski is a senior research analyst and writer at Investment U. He has been studying and writing about the markets for 20 years. Equally comfortable identifying value stocks as he is discounts in the crypto markets, Matthew began mining Bitcoin in 2011 and has since honed his focus on the cryptocurrency markets as a whole. He is a graduate of Rutgers University and lives in Colorado with his dog, Dorito.

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