Symbol

XYM Price

What is Symbol about?

Symbol is a blockchain platform launched in March 2021, serving as the spiritual successor to NEM. It features a new consensus algorithm called proof-of-stake-plus (PoS+), rule-based tokens (called mosaics), namespaces, multisignature accounts, and aggregate transactions. The client, Catapult, is written in C++.

What makes Symbol unique?

Symbol has a notable following in Japan and Korea, with its community primarily found on Twitter, LINE, and KakaoTalk. Some of the most notable projects built on Symbol include QUEST, SYMBOARD, THE TOWER, NFT DRIVE, and COMSA.

What's the history of Symbol?

In November 2021, Symbol was forked by a pseudonymous team of cryptocurrency experts and enthusiasts, resulting in a hard fork called Cyprus. This signaled the community's intent to transform Symbol into a leading omnichain platform with content-specific, scalable shards powered by zk-STARKs.

What's next for Symbol?

Symbol aims to address problems inherent in EVM-based platforms and omnichain solutions, such as security defined at a smart-contract level, centralized L2 validators, and limited feature development decided by central client teams.

What can Symbol be used for?

Symbol supports various projects, including QUEST, a bounty and tipping platform; SYMBOARD, a loyalty and rewards card; THE TOWER, an endless dungeon crawler; NFT DRIVE, an on-chain media and content storage service; and COMSA, a novel NFT marketplace designed for the Japanese cryptocurrency community.

Where can you buy Symbol?

XYM tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Symbol is MEXC, where the most active trading pair XYM/USDT has a trading volume of $62,237.18 in the last 24 hours. Other popular options include Gate and Bitbank.

What is the daily trading volume of Symbol (XYM)?

The trading volume of Symbol (XYM) is $82,236.40 in the last 24 hours, representing a 1.20% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Symbol (XYM)?

Symbol (XYM) reached an all-time high of $0.7262 and an all-time low of $0.002307. It’s now trading -99.60% below that peak and 41.40% above its lowest price.

What is the fully diluted valuation of Symbol (XYM)?

The fully diluted valuation (FDV) of Symbol (XYM) is $29,360,278. This is a statistical representation of the maximum market cap, assuming the maximum number of 9 Billion XYM tokens are in circulation today. Depending on how the emission schedule of XYM tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Symbol compare against its peers?

With a price increase of 6.80% in the last 7 days, Symbol (XYM) is outperforming the global cryptocurrency market which is up 3.80%, while outperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 6.70%.