X-Coin (XCO) is a cryptocurrency that was launched in February 2015. It operates on a Proof-of-Work/Proof-of-Stake (PoW/PoS) consensus mechanism and utilizes the SHA256 algorithm. This guide provides a detailed overview of its key metrics, performance history, and technical characteristics.
Overview of X-Coin (XCO)
X-Coin is a digital asset that has been in the market for several years. As of the latest data, its price is $0.00107 USD, reflecting a minor increase of 0.08% over the past 24 hours. The trading volume for the same period stands at $0, indicating limited recent market activity.
Key metrics for X-Coin include:
- Market Capitalization: Approximately $13.2 thousand.
- Fully Diluted Valuation (FDV): Also $13.2 thousand.
- Total Supply: 12,384,976 XCO.
- Circulating Supply: Data is currently unavailable.
- 24-Hour Price Range: $0.00105 - $0.00107.
The all-time high for XCO was recorded at $0.0914, which means the current price is down approximately 98.83% from that peak. Over the past year, its price has fluctuated between a low of $0.000498 and a high of $0.00112.
Price Performance and Historical Data
Analyzing X-Coin's performance against various timeframes provides insight into its market behavior. Compared to the US Dollar, XCO has seen significant gains over a one-year period (+69.40%) but has shown more modest movement over shorter timeframes.
Against major cryptocurrencies:
- vs. Bitcoin (BTC): Performance has remained relatively flat over most periods.
- vs. Ethereum (ETH): XCO has shown substantial positive performance over yearly and monthly periods.
The price action suggests a period of consolidation after a recent bounce to the $0.00107 level. Over the last 30 days, the current price represents a 3.04% decline from the period's high but an 8.67% increase from its low.
Technical Analysis of X-Coin
A variety of technical indicators are used by traders to gauge market sentiment and potential price movements for assets like X-Coin. The current technical picture for XCO is largely neutral according to momentum oscillators.
Key Oscillator Readings:
- RSI (14): 56.04 (Natural)
- Commodity Channel Index (20): 47.90 (Natural)
- Average Directional Index (14): 46.42 (Natural)
Moving averages (MAs) are widely followed indicators that help smooth out price action. For X-Coin, both Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) across multiple time periods (from 10 to 200 days) are currently signaling a "Buy" position. This suggests that the prevailing trend, when viewed through these lenses, is positive. For those interested in a deeper dive into interpreting these signals, you can explore more strategies for technical analysis.
ROI and Volatility Metrics
Return on Investment (ROI) and volatility are crucial for assessing the risk and potential reward of a cryptocurrency.
X-Coin's Historical ROI:
- 3-Month ROI: +29.17%
- 6-Month ROI: +9.97%
- 12-Month ROI: +71.04%
Volatility Measures:
- 3-Month Volatility: 22.26%
- 6-Month Volatility: 33.09%
- 12-Month Volatility: 48.18%
These figures indicate that while X-Coin has delivered positive returns over the medium to long term, it has also experienced significant price swings, which is characteristic of many smaller-market-cap digital assets. The maximum recorded drawdown for XCO is -99.69%.
Trading and Market Availability
X-Coin is currently traded on a limited number of platforms. The availability on a single exchange can impact liquidity and accessibility for potential investors. It is always recommended to conduct thorough research on the available exchanges before engaging in any trading activity.
Frequently Asked Questions
What is X-Coin (XCO)?
X-Coin is a cryptocurrency that was launched in 2015. It uses a combination of Proof-of-Work and Proof-of-Stake to secure its network and employs the SHA256 algorithm for its hashing function.
How is the market cap for X-Coin calculated?
Since the circulating supply is not confirmed, the precise market capitalization cannot be calculated. The figure of $13.2 thousand is a Fully Diluted Valuation (FDV), which is derived by multiplying the total supply of coins by the current price.
What does a 'Buy' signal from moving averages mean?
When short-term moving averages cross above long-term ones, it often generates a "Buy" signal, suggesting a potential upward trend may be beginning. For X-Coin, multiple moving averages are currently indicating this bullish sentiment.
Why is the trading volume for X-Coin sometimes $0?
A reported 24-hour trading volume of $0 typically indicates that there were no recorded trades on its supported exchanges within that specific period, highlighting its current low liquidity.
What is the significance of ROI in cryptocurrency?
ROI, or Return on Investment, measures the percentage gain or loss on an investment over a specified period. X-Coin's positive 12-month ROI of +71.04% shows it has increased in value over the past year.
How volatile is X-Coin compared to other assets?
With a 12-month volatility of 48.18%, X-Coin is a highly volatile asset. This means its price can experience large swings in a short amount of time, representing both higher risk and potential for reward for traders. To better understand and manage these risks, you can view real-time tools for market analysis.