Is Symbol (XYM) a Good Investment?

Backed by the NEM Group and several key partners, the Symbol project could be a worthy investment in the crypto market, especially if you wish to diversify your portfolio beyond the more prominent altcoins. As an enterprise-grade blockchain, the network is built for mainstream adoption - a vital factor that could support the XYM price and make it an exciting asset to invest in. As more enterprises and developers deploy dApps on the Symbol platform, an increase in its on-chain activity could power an uptrend in the Symbol price. The upcoming Web3 revolution could also generate higher interest in blockchain ecosystems like Symbol, which can support dApps and offer a hybrid, interoperable platform for scalability and real-world use. Looking ahead, the Symbol price could also rise if the overall mood in the crypto market turns bullish. An uptick in the price of leading crypto assets like Bitcoin and Ethereum could raise investor confidence and encourage traders to buy other digital assets, boosting the XYM price statistics.

What is the Symbol (XYM) Coin Price Prediction?

While it is impossible to make an accurate Symbol price prediction, several factors can influence price changes in the XYM token. Based on its price history, the price of Symbol token can fluctuate based on: Adoption of its EcosystemAs more developers and enterprises sign up to use the Symbol platform for their applications, the higher on-chain activity could increase the value of XYM tokens. On the other hand, competition from other blockchains that can offer similar or better services could cause a decline in the on-chain activity and exert downward pressure on the Symbol price. Level of Staking Activity Staking $XYM increases the resilience and security of the Symbol ecosystem and supports XYM crypto’s value. Higher staking activity involving expanding the number of nodes participating in validation of transactions and block production could support the $XYM price and market capitalization. However, a drop in the number of nodes or XYM tokens staked could weaken the price of Symbol tokens. Market Sentiment A bullish market sentiment encourages buying activity by boosting investor confidence in digital assets. During such times, cryptocurrencies like XYM also see an uptick in buying interest, which sends the Symbol price towards its highest price and possibly to new highs. However, a bearish mood drives sell-offs across the market and causes the price of XYM tokens to drop.

What is XYM Token Used For?

XYM is the native cryptocurrency of the Symbol blockchain and serves the following purposes: Transaction Fees XYM is used to pay transaction fees within the Symbol ecosystem. Users pay in XYM whenever they use the blockchain to transfer payments. It is also used to pay gas fees when executing smart contracts on Symbol or interacting with dApps. Staking Symbol is a PoS blockchain network and, as a result, allows token holders to stake their XYM crypto on the network. Staking $XYM is a great way to contribute to securing the network, helping in validating transactions, and creating new blocks within the blockchain. In exchange for stakers’ contribution of resources, they can receive rewards in XYM crypto, making it a convenient way to earn passive income from investing in Symbol crypto. Crypto Asset to Trade and HODL Symbol (XYM) is an exciting crypto asset to invest in or hold long-term. You can buy or sell Symbol against other crypto assets or hold it if you believe in the project’s long-term potential. Review the live Symbol price, XYM market cap, current circulating supply, 24-hour trading volume, and the latest crypto news before you trade XYM.

Who is Eligible for Symbol (XYM) Airdrop?

Symbol (XYM) airdrops are offered to all XEM holders. The NEM Group announced the airdrop program during the mainnet release of the Symbol network. XEM holders are eligible to receive airdrops of XYM at a 1:1 ratio. All XEM holders can claim their free airdrops of $XYM for up to six years from the date of the Symbol mainnet launch. Symbol’s developers allocated 7.3 billion tokens from the max supply of nearly 9 billion for its airdrop program.

How to Stake $XYM and Earn Rewards

Several exchanges and platforms offer $XYM staking on their platforms. However, the most lucrative way to stake XYM is via the official Symbol Wallet. Here’s how to stake $XYM on the Symbol Wallet: 1. Download and install the Symbol Wallet on your desktop or mobile device. 2. Set up an account and fund your wallet by buying XYM on KuCoin or any other supported platform. You will need at least 10,000 XYM for harvesting, as the staking function on Symbol’s ecosystem is called. 3. Head to the Harvesting tab on the Symbol Wallet to get started. 4. Select a node you wish to delegate your staked XYM from the Node Url dropdown box. This lists all the available nodes connected to Symbol you can delegate to. 5. Select a node and click the “link all keys” option.6. Confirm the transaction via your wallet to see your Harvesting status change from Inactive to Activation in Progress and finally to Active. 7. Sit back and earn more XYM based on the number of tokens you have harvested and your importance score.

How to Buy Symbol (XYM)

Price of Symbol (24h)$0.0226265363261355

1.25%

Real-Time XYM Rate Converter

Interested in buying Symbol (XYM) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Symbol (XYM) instantly wherever you are! Check out all the ways you can buy XYM on KuCoin.

Buy Symbol (XYM) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Symbol (XYM)

Use a variety of payment options to buy Symbol on KuCoin. We'll show you how.

Choose How You Want to Buy Symbol on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Symbol (XYM).

Buy Symbol (XYM) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Symbol (XYM). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Symbol (XYM) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Symbol (XYM).

Tip: KuCoin offers a variety of order types to buy Symbol (XYM) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Symbol (XYM) in your Trading Account.

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How to Store Symbol (XYM)

The best way to store Symbol (XYM) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Symbol (XYM).

Store Symbol in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Symbol in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Symbol (XYM) to a non-custodial wallet. Storing Symbol (XYM) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Symbol (XYM) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Symbol (XYM).

What Can You Do with Symbol (XYM) on KuCoin?

Hold

Store your Symbol (XYM) in your KuCoin account.

Trade

Trade Symbol (XYM) in the spot and futures markets.

Earn

Earn passive income by staking or lending Symbol (XYM).

Why Is KuCoin the Best Platform to Buy Symbol (XYM)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Symbol and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Symbol (XYM) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain XYM in an instant when you buy on KuCoin.

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FAQ

Is CyberConnect (CYBER) a Good Investment?

Here are some reasons why you could consider adding CyberConnect crypto to your portfolio:

Ownership and Control

CyberConnect aims to empower users by providing them ownership and control over their digital identity, content, connections, and interactions. This approach challenges the centralized nature of traditional social networks, where user data is often exploited for profit.

Censorship Resistance

CyberConnect aims to establish a censorship-resistant social network. By utilizing blockchain technology, users can publish and access content without the fear of censorship or manipulation from centralized entities. This encourages freedom of expression and protects users' content from undue influence.

Innovative Features

The CyberConnect project aims to introduce innovative features such as CyberID, a decentralized identity system. It provides users with a secure and portable digital identity that can be used across various applications. Additionally, CyberConnect plans to introduce CyberAccounts, a gas token for transactions within the CyberConnect ecosystem.

Potential for Community Development via CyberDAO

Through the CyberDAO, CyberConnect aims to foster community development and engagement. Users can participate in various activities, join organizations, and contribute to the platform's growth.

What Is CyberConnect Price Prediction?

While we cannot provide a reliable CYBER price prediction over any timeframe, the following factors could help you understand the price action in CyberConnect cryptocurrency:

Future Developments in CyberConnect Roadmap

Progress and updates in the development of the CyberConnect platform can affect the CYBER price. Positive milestones, such as the release of new features, partnerships, or improvements in functionality, can generate increased interest and demand for the token, supporting the CyberConnect price.

CYBER Token Utility and Value Proposition

The utility and value proposition of the CYBER token within the CyberConnect ecosystem can influence the CYBER to USD price. If the token has multiple use cases, such as governance rights or access to premium features, it may create intrinsic value and increase demand.

Crypto Market Sentiment

Investor sentiment and market trends can impact the price of CyberConnect token. Positive news, market adoption, or favorable market conditions for cryptocurrencies can increase buying interest and potentially drive up the CYBER token price.

Investor Perception and Community Engagement

How investors and the cryptocurrency community perceive the CyberConnect project can impact the $CYBER price. Positive community engagement, active discussions, and a strong supportive community can increase interest and demand for the token, supporting the value of CyberConnect coin.

What Is CYBER Token Used for?

CYBER is the native token of the CyberConnect ecosystem and has the following functions:

Governance Token of CyberConnect

CYBER token holders have the power to participate in governance and decision-making processes within the CyberConnect network. Token holders can vote on proposals, protocol upgrades, and other important decisions related to the project's development and direction.

Pay for CyberID

The CYBER token can be used as a payment method for acquiring CyberID. CyberID is a decentralized identity system provided by CyberConnect, allowing users to have ownership and control over their digital identities.

Gas Token

CYBER tokens also serve as a gas token within the CyberConnect ecosystem. Gas tokens are used to pay for transactions and computational operations within the network, ensuring the smooth functioning of the platform.

Incentives and Rewards for CyberConnect Community

The CYBER token could incentivize and reward active participation and contributions from users, developers, and other stakeholders within the CyberConnect community. This can include activities such as content creation, platform engagement, and community involvement.

Trade or HODL CYBER

Trade CyberConnect coin against other cryptos on the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell CYBER, or hold the token long-term if you believe in the future potential of the CyberConnect project. Remember to undertake any new investment decision in the crypto market only after doing your own research.

Who Are CyberConnect’s Partners and Investors?

As of November 2023, CyberConnect has over 2,500 ecosystem partners. Some include Binance Labs, Celer Network, DODO, EthSign, ApeSwap, BNB Chain, and Animoca Brands.

CyberConnect is backed by leading investors in the crypto space, such as Multicoin Capital, Sky9 Capital, Tribe Capital, Delphi Digital, Hashed, and Polygon Studios.

Symbol (XYM) Price Analysis

Live Price

The live price of XYM is 0.02259 USD, representing a decrease of -6.95% in the past 7 days and 1.25% increase in the past 24 hours.

Historical Trends

The all-time high of XYM was 0.77148 USD on 03-21, 2021, from which the coin is now down -97.07%.
The all-time low of XYM was 0.01923 USD, from which the coin is now up 14.85%.

ATL$ 0.01923

ATH$ 0.77148

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Disclaimer

Given the nature of the crypto market, the price of Symbol (XYM) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.