XEN Crypto is a young crypto project that has been gaining interest among investors due to its decentralized nature and innovative approach to token distribution. To decide if this project is a good investment, we need to go through the XEN crypto price prediction, price history, tokenomics, and fundamental analysis. So, let’s dig in and see how it performs.
What Is XEN Crypto?
XEN Crypto is designed to follow the main objectives of creating blockchain technology, i.e., decentralization, transparency, value exchange, and self-custody.
What makes XEN stand out is its approach to removing the usual barriers to entry, allowing users to mint XEN (XEN Crypto coin) without a pre-existing supply or token sale.
It also aims to solve the main problems many lesser-known cryptocurrencies face, i.e., being discovered too late and suffering from pre-mining and whale accumulation.
To solve these problems, XEN Crypto offers a free launch by relying on its special tokenomics, concentrating on mass adoption, and lowering entry barriers.
To this aim, XEN Crypto has also developed a unique coin called XEN.
What Is The XEN Crypto Coin?
The XEN Crypto coin is the native currency of the XEN ecosystem. It’s designed to be inflationary at first but moves toward deflation as more people join and participate in minting, staking, and transacting.
XEN coin holders are rewarded for holding and staking their coins, and the coin’s minting mechanism depends on network adoption, which encourages growth through participation.
XEN is designed as a fork of the Monero (XMR) blockchain and is a privacy-focused cryptocurrency that uses advanced cryptographic techniques to ensure anonymous transactions.
It is also a decentralized digital asset that operates independently of central authorities. XEN token can be used for anything an ERC20 token can be used for.
- It can be traded for other tokens or NFTs.
- It can also be used for gaming on the Uniswap platform by creating limit orders or liquidity pools to trade XEN tokens automatically.
XEN can be bought using well-known DEXs like Uniswap or Sushiswap. XEN tokens can also be sold or traded on the same exchanges.
XEN has no cap, but as more people join the XEN minting, it will be harder to mint more XEN tokens for the sloping adoption curve, which is logarithmic and makes XEN disinflationary through time.
As participants grow in number, receiving rewards will get more difficult for new participants unless the newcomers extend the time to get their rewards.
For all these reasons, XEN’s minting process is similar to Bitcoin’s mining difficulty. As the XEN Crypto project offers these features and more, network participation may grow.
XEN Crypto Features
- Deflationary Over Time: XEN is inflationary in the short term, but as more users mint and stake, the supply diminishes, making it deflationary as adoption increases.
- Simplicity: XEN follows the ERC20 standard and doesn’t need complicated coding. It includes no pre-minting, admin keys, or origin wallets. XEN users can easily mint XEN tokens using their own Ethereum-compatible wallets.
- Free-Minting: Minting XEN doesn’t need to deposit funds.
- Participation Rewards: Users can receive XEN tokens in return for minting, staking, and participating in the XEN ecosystem, which helps it grow and expand its user base.
- Zero Supply: XEN begins with zero supply and will only be minted by its community.
- No Maximum Cap: XEN has no maximum cap on the supply. It started as an inflationary token but will become disinflationary with more adoption.
- No Investors: XEN is not supported by special investors or any intrinsic value. It gets support from the participating community.
- Immutability: XEN is immutable, and no one can change or stop it.
- Trustless: Since XEN has open-source codes, it is trustless and belongs to real people.
- No Central Authority: XEN is truly decentralized as it has no control or management team. It is part of an immutable code secured by the blockchain.
- Proof-of-Participation: XEN offers a Proof-of-Participation (PoP) consensus mechanism in which participants own their assets through self-custody.
- Fair Token Distribution: XEN’s smart contract uses a fair token distribution system. All participants must follow the same immutable rules secured by blockchain. Token rewards are managed by minting-based reward time locks and the total number of participants.
- No Purchasing Needed: XEN does not require purchasing because Ethereum network users can mint XEN tokens by connecting their compatible crypto wallet (e.g., Metamask).
- Staking: XEN tokens’ staking period is limited to 1 to 1,000 days, which can be terminated without penalties. However, the APY rewards won’t be paid if staking is terminated before the mentioned period.
- APY Rewards: The XEN APY rewards start at 20% on XEN Genesis and decrease by 1% every 90 days until they reach 2%. After this, they stay at 2% indefinitely.
Despite these features, XEN Crypto has had significant price changes and a general downtrend since its release.
Price History
The price history of XEN Crypto shows that the coin had a volatile start, reflecting the common pattern seen with newly launched cryptocurrencies.
The highest price of XEN Crypto tokens was recorded at its initial release on Oct 11, 2022, at $0.0003698. However, it crashed and fell to $0.00000640 on Oct 31, 2022.
The price revolved around this range until April 2023, but it slightly increased and reached $0.00000853 on April 19, 2023.
Since then, XEN Crypto hasn’t experienced significant changes and only recorded its lowest price of $0.076156 on August 05, 2024, about two months ago.
Currently, on October 14, 2024, each XEN token is traded at $0.078706, with a 24-hour trading volume of $894.94K, which shows a 23.00% growth.
Before going to the XEN Crypto price prediction, we need to analyze it both financially and fundamentally.
XEN Crypto Financial Analysis
A financial analysis of XEN reveals that the coin’s value is heavily influenced by user adoption and the changes in the cryptocurrency market.
XEN has shown volatile trading patterns, and its financial future will depend on the growth of its user base and how well it can manage inflationary pressure in the early stages.
XEN Tokenomics
XEN Crypto tokens are not capped but are instead designed to become deflationary as the network grows.
- Inflationary at Start: The minting of XEN is inflationary, rewarding early adopters who mint coins by locking in future rewards.
- Deflationary Over Time: As more users join and claim rewards, the minting supply decreases, making XEN scarcer.
- No Premine or ICO: XEN had a fair launch, with no initial coin offering (ICO), pre-mine, or allocations for team members.
ROI
The XEN Crypto’s Return on Investment (ROI) in the recent year is -73.62%, meaning that if you bought $100 worth of XEN tokens a year ago, you would have lost over $70.
This ROI shows that the token hasn’t been profitable so far and is, of course, a risky project to invest in.
Market Cap
The market capitalization of the XEN Crypto is $12.24M, showing the total market value of this cryptocurrency’s circulating supply. Market cap is calculated using the following formula:
Market cap = Current price x Circulating supply
Its total supply is 131.64T XEN tokens, which can be calculated using the formula below:
Total supply = Total coins created – coins that have been burned (if any)
ATH and ATL
- ATH (All-Time High): $3.68 on Oct 09, 2022, which is 100% higher than its current price.
- ATL (All-Time Low): $0.075733 on Aug 05, 2024, which is 48.65% lower than its current price.
- Current Price: $0.078735 (100% lower than its ATH and 48.65% higher than its ATL)
XEN Fundamental Analysis
Fundamental analysis of XEN focuses on its core principles of decentralization and fair distribution. The unique approach to minting and the absence of a pre-mine or ICO make XEN an interesting project for the fans of decentralized projects.
Team and Investors
XEN Crypto is decentralized, meaning no central team is behind the project. Instead, it relies on community and adoption development and growth.
Popularity
XEN Crypto has a market cap rank of #1349 among all crypto projects listed on the CoinGecko website and #2969 among all the crypto coins and tokens on the CoinMarketCap website.
So, let’s take a look at the XEN Crypto price prediction to find out if it has a chance to grow in price in the future years.
XEN Crypto Price Prediction: 2024 – 2030 At A Glance
Let’s take a sneak peek at the XEN Crypto price prediction for 2024-2030.
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $0.00000010 | $0.00000010 | $0.00000011 |
| 2025 | $0.00000014 | $0.00000015 | $0.00000018 |
| 2026 | $0.00000021 | $0.00000022 | $0.00000026 |
| 2027 | $0.00000032 | $0.00000033 | $0.00000038 |
| 2028 | $0.00000046 | $0.00000048 | $0.00000055 |
| 2029 | $0.00000065 | $0.00000068 | $0.00000079 |
| 2030 | $0.00000097 | $0.000001 | $0.000001 |
XEN Crypto Price Prediction 2024
The XEN Crypto price prediction 2024 indicates that XEN tokens can grow by about 88% on average and 117% at a maximum by the end of 2024.
XEN Crypto Price Prediction 2025
XEN Crypto price prediction 2025 expects the token to achieve an average growth rate of 171% in 2025 and the potential to grow by about 219% throughout 2025.
XEN Crypto Price Prediction 2030
XEN Crypto price prediction 2030 shows a possible average growth rate of about 1600% for each XEN token’s trading price. Its maximum price can grow by 1900% in 2030.
Is XEN Coin A Good Investment?
XEN Crypto is following in the footsteps of successful cryptocurrencies in technology, tokenomics, and infrastructure. Its best features are its decentralized nature and the possibility of staking.
However, its price fluctuates in low ranges, and even its 1900% growth rate predicted for 2030 is far from 1 cent.
All in all, it may not be a profitable investment in the short term, but in the bull run, the price of XEN Crypto may grow in the coming years.
However, remember that it is a risky investment project, and only buy it after carefully analyzing your financial status and risk tolerance.
