XCH looking good in this range
After the price drops massively the first year after trading started from the low volume ~1k USD per XCH during feature trading and a peak up above 2k USD the price now is in a range between ~30 USD and ~50 USD. The network space slowly started to grow ~10% since january 2023 and can be considered stable since july 2022. The node count is ~115k (ETH ~7k, BTC ~17k). The inflation is still high with ~9k XCH per day, 1st halving is ~ Q1 2024. Meanwhile the circulating supply reaches 25% of the total supply, 75% is hold by the Chia Company. The company announced a few days ago to have submited the registration to the U.S. SEC. In my opinion that is a positive sign but it should also not be overrated at this point. They still need to build valueable partnerships and the global market may dip again. ETH could build up sell pressure or other bad news can shock that market again. On the other side people could buy crypto because they think it is worth more in the future than keeping their fiat. I also still expect the tech market to dip again and maybe the financial market too. I just hope that china does not do the russian a**h*** move and invades it's neighbors too. Climate crises also can have a bigger impact on the markets the next years than many expect. I am still surprised that people think that buying a Tesla or "green" fuel does save us from destroing our own environment we need to live in. I just hope for a bullrun or two before the people wake up. ;-) But who knows what happens next, pls tell me. ;-)
As always, no financial advice.
As always, no financial advice.
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