XYO Surges 50% Ahead of Bithumb Listing: A Boom Driven by Confidence and Technological Innovation

XYO Network (XYO) has just recorded a remarkable growth, with its token price increasing by more than 50% in just one day, thanks to a combination of exchange listing momentum and significant advances in technological development. The altcoin climbed to a short-term high of $0.015 on the morning of April 25 in the Asian market, bringing its total market capitalization to over $207 million.

Bithumb Listing: A Key Catalyst
The main impetus for this strong price increase came from the announcement of listing on Bithumb, one of the leading cryptocurrency exchanges in South Korea. At 5:00 PM (KST) on April 25, XYO officially went live with the KRW pair, with an initial listing price of 15.30 KRW (~0.0107 USD).

Shortly after, token deposits and withdrawals were also opened, exclusively supported on the Ethereum network – further attracting attention from the investment community in Korea and Asia.

Technology Innovation: Layer-1 and New Token XL1
In addition to being fueled by the listing news, XYO is also attracting great interest from the community thanks to the public beta of its own Layer-1 blockchain, called XYO Layer One. Along with that is the birth of a new utility token – XL1.

The XL1 token will handle transaction fees, gas, smart contract execution, and reward payments, while the native XYO token will focus on governance and staking. This clear division of functions makes the network more flexible and scalable within the Web3 and DeFi ecosystems.

On-chain Strength: Impressive Growth
On-chain data shows that XYO’s Total Value Locked (TVL) has increased sharply from $37 million to over $91 million in less than three weeks. Notably, the number of daily active addresses has also increased by nearly 300%, indicating that users are returning and interacting more with the network.

According to data from Santiment, the number of wallets holding between 10,000 and 100 million XYO tokens is also increasing steadily, indicating an accumulation trend from medium and large investors – which is often a signal of expectations for price increases in the near future.

Technical Analysis: A Clear Trend Reversal

On the XYO/USDT daily chart, the token has officially broken above its long-term downtrend line, and is now above both its 50- and 200-day moving averages – two levels that are considered benchmarks for confirming a long-term uptrend.

Technical indicators such as the MACD and RSI are both flashing green. However, the RSI has entered overbought territory, which could trigger a short-term correction before continuing to rise.

Next Target: $0.025 – and Beyond?

Based on the current price action, XYO’s next technical target is set at $0.025, which would be a yearly high if reached. Some analysts are even more bullish.

Javon Marks, a market expert, believes that XYO could be preparing for a major rally, with a price target of $0.06949 – representing a gain of over 360% from the current price, as the technical structure is gradually forming higher highs and higher lows.

Summary
XYO is one of the most exciting altcoins in the market today, with a combination of positive news, ecosystem growth, and technical data supporting the uptrend. While a short-term correction is possible due to an overbought market, the medium-term outlook for XYO remains attractive – especially if the momentum of technological innovation continues.