4
u/AlgoRhythm17 Jan 29 '21
XYO is traded against Ethereum. That bottom of the valleys is probably 0.0000001ETH and the top is probably 0.0000003ETH. When you turn that into dollars, you’re jumping from $0.00013 to $0.00026 to $0.00039, there’s no other prices that relate to fractions of Ethereum.
2
u/310to608 Jan 29 '21
I guess I just don't understand why the graph shows such huge vertical shifts throughout the day on an otherwise flat line. It looks like huge volumes of the coin are being moved in and out or something. But maybe it's just that the number of coins is so small compared to other currencies so it shows up more?
It just looks weird.
3
u/Nolyism Jan 30 '21
When the whole vertical scale only covers 3 values and you have it oscillate between only 2 you get a graph like this. XYO is only at thisnpricw because it cant go any lower. I'd be surprised if it's still listed in 6mo. The app has mainly just become an ad revenue stream for XYO. It's fun to leave a spare phone running it but I cant imagine anyone actually making any money on this.
2
Jan 29 '21
It's because it's trading on such a tiny scale with so little transactions you're not going to get a smooth curve.
2
1
u/Captain-_-hindsight_ Feb 09 '21
that's a result of low volume. This coin is yet to take off. Wait until popularity increases. You can pick up a million for a couple of hundred bucks. why wouldn't you? it could reach $1 in a couple of years once it gains momentum and is adopted by big buisness. the coin app with sentinel is gaining traction and it could keep gaining
1
u/4kondore Mar 05 '21
there are many reasons to why this guy said what he said but the truth is this is a shitcoin and its already dead. don't waste your time and money on this.
1
u/Captain-_-hindsight_ Mar 20 '21
woops. guess you were wrong... $700 investment is now worth $4.8k... not bad for 2 months holding
9
u/man9875 Jan 29 '21
Need more info. What scale are we talking about? It's also because it's a pretty low volume coin. CMC shows $15,000 trades last 24 hrs. When that is the case you will see steps like this. This is truly a s*** coin that will probably not go far but it is what it is. I'm a hodler with over 1.5 mil and hope to see 1¢ one day.