The XYO Network (XYO) cryptocurrency has surged over 65% to reach $0.025, breaking its downtrend since December. This increase follows the announcement of XYO Layer One, its own Layer-1 blockchain, which is expected to support applications in various sectors. XYO's market cap increased by 42% to $312 million, and its trading volume spiked by 1100%. Speculation about a collaboration with Tesla has also circulated, leading to a surge in XYO's value in early December. The possibility of a 0% capital gains tax on U.S.-based cryptocurrency projects, which could benefit XYO, has also garnered attention. Overall, XYO has experienced a 327% increase in the past year.



Other News from Today