After creating a long-term mega downward spiral in the charts, Chia (XCH) is now showing a small upward trend. Is this a sign of a bull run?
Most coins won’t go down forever and always travel in a wave-like motion. Our price predictions show us that it will be the same with Chia’s XCH coin.
In this article, we will look at long-term price predictions of XCH, from 2024 to 2030. Also, we will analyze whether it is a good investment option or not. We will go through the historical data and other core details.
Let’s begin.
What is Chia?
Chia is a blockchain technology and a coin similar to Bitcoin. You may wonder, if there is already Bitcoin, then why do we need another coin like Bitcoin? However, the makers of Chia have incorporated several other unique facilities with its blockchain.
Chia started as a testnet and moved to the mainnet in March 2021. An updated whitepaper was provided in February 2022 with an exciting roadmap. If everything goes according to the roadmap plan, we can see potential gains from Chia.
Unlike Bitcoin, you can build high-speed DApps with Chia. Chia was once a coin with high market value because of its advanced technology. But now, many other nuanced technologies have come and many users have gone away from Chia.
However, Chia is a constantly upgrading technology, and we may see a potential upward trend with the advancements in the ecosystem.
The XCH Coin
XCH is the native token of Chia Network. The XCH coin is similar to Bitcoin in its mechanism and use cases. It is used for block reward payments and gas fees. Like Ethereum, Chia can adopt DApps in its ecosystem. DApps also use XCH tokens for a variety of purposes.
XCH currently has a total supply of 31 million coins, but the circulating supply is 10 million. It has a halving cycle similar to Bitcoin but is 3 years. Chia has an official wallet called Chia Official Light Wallet to store the XCH coin.
Here are some more details about XCH:
Token Name | $XCH |
Total Supply | 31,729,300 XCH |
Circulating Supply | 10,729,300 XCH |
Market Cap | $209,200,333 |
Historical Data of Chia (XCH)
In the initial days, with its nuanced technology, the Chia token surprised everyone with its record high. The all-time high was on May 03, 2021 (3 years ago) with a price of $1,934.51.
After that huge price point, nowadays XCH is in its lowest phase. 18 days ago, precisely on Jul 05, 2024, the all-time low of $17.30 happened. So, the small upward trend we are seeing now is some kind of revival from XCH’s all-time low.
Chia (XCH) Price Prediction 2024, 2025, 2026, 2027, 2028, 2029, 2030
This price prediction is the result of rigorous research based on historical chart data, media narratives, market sentiment, and the Bitcoin halving cycle. We tried to make it as accurate as possible.
However, with external factors and sudden unknown reasons, the market may move to the exact opposite condition. So, changes in this prediction may happen.
Year | Minimum Price ($) | Maximum Price ($) | Average Price ($) |
---|---|---|---|
2024 | $6.77 | $26.67 | $19.90 |
2025 | $0.46566 | $23.75 | $23.28 |
2026 | $8.23 | $31.75 | $23.52 |
2027 | $13.26 | $40.89 | $27.63 |
2028 | $6.17 | $40.43 | $34.26 |
2029 | $5.23 | $42.57 | $37.35 |
2030 | $10.79 | $50.75 | $39.96 |
Where to Buy XCH?
Chia’s XCH is available to trade on prominent exchanges like OKX, Gate.io, KuCoin, HTX, MEXC, Crypto.com, and BingX. It is also available in decentralized exchanges.
Is Chia (XCH) a Good Investment Option?
If you are trying to diversify your portfolio with some old coins that are looking for a revival, then Chia’s XCH is the best option for you. Now the coin is in a perfect dip to buy.
Chia Network is founded by Bram Chen, the author of the famous BitTorrent, the file exchange protocol. It is a project backed by famous individuals and companies. So, it is certainly not a scam.
However, regarding the price movement, it all depends on the revival capacity and a certain amount of luck. Always proceed with caution while investing in projects like these.
Final Thoughts on Chia (XCH)
Chia is an old player, and now looking for a comeback. In that sense, you are still early to the project. It will be good if you buy a small number of XCH tokens to avoid the FOMO.
However, do read Chia’s whitepaper to get a clear understanding of the project. Also, try to engage in their ecosystem. Good luck, and happy investing.
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