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)$0.0205404744374198

-1.45%

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

How can I sell Coin98 (C98)?

Selling Coin98 (C98) on the KuCoin Spot Market is fast and easy. To sell your Coin98 (C98) on KuCoin, you can simply use the KuCoin Spot Market, which has even lower fees and no slippage. Both market orders and limit orders are available on the KuCoin Spot Market, so that you can sell your Coin98 (C98) at your preferred price.

Where can I buy Coin98 (C98)?

Buying Coin98 (C98) on the KuCoin Spot Market is fast and easy. To buy crypto on KuCoin, you can transfer assets to your KuCoin account, then trade those assets for C98. Alternatively, you can buy USDT using KuCoin Fast Trade, then trade your USDT for Coin98 (C98) on the Spot Market. Refer to the guides on "How to Buy Coin98 (C98)" to learn more.

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You can buy Coin98 (C98) with a credit card on KuCoin in just a few simple steps. Simply go to the KuCoin Fast Trade page, select Coin98 (C98), and use your credit or debit card to pay. Be sure to complete Identity Verification prior so that you have access to all KuCoin features and services.

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When purchasing Coin98(C98), KuCoin does not currently accept PayPal. Instead, you can purchase Coin98(C98) via PayPal on another trusted and secure platform, or transfer your funds to KuCoin to purchase Coin98(C98) on the KuCoin Spot Market. Alternatively, KuCoin does support purchasing Coin98(C98) using a wide range of other payment methods. Simply visit the Fast Trade channel to learn more.

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The live price of Coin98 (C98) is $0.147, meaning you can buy 6.8 C98 with $1. Use KuCoin's Coin98 live price chart to find the best time to buy C98.

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Coin98 currently ranks #223 in market capitalization among all cryptocurrencies. In the past 24 hours, the price of C98 has increased by 2.51%. Before trading Coin98 (C98), please be sure to perform both fundamental and technical analysis, and evaluate your level of risk tolerance.

Is Coin98 (C98) a good investment?

Coin98 (C98) has a market capitalization of $127,113,120.96 and is ranked #223 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Coin98 (C98) price trends and patterns to find the best time to purchase C98.

Symbol (XYM) Price Analysis

Live Price

The live price of XYM is 0.0203 USD, representing an increase of 59.71% in the past 7 days and -1.45% decrease 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 -97.37%.
The all-time low of XYM was 0.01259 USD, from which the coin is now up 37.97%.

ATL0.012594949993884809

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.