The post How Much is Chia Crypto (XCH) Worth in 2028: A 5-Year Prediction appeared on BitcoinEthereumNews.com.

Chia cryptocurrency (XCH) is a blockchain platform which aims to be more energy-efficient and scalable than other blockchains. It uses a new programming language known as Chialisp. It also uses a new consensus mechanism called proof of space and time (PoST). This mechanism combines proof of space which uses unused disk space to solve cryptographic puzzles. And the other mechanism is proof of time which uses a verifiable delay function to ensure the passage of time. Chia Network is also a public company that plans to list shares on the stock exchange, unlike most other blockchains that are governed by decentralized organizations. Its blockchain is designed for enterprise use. XCH is the native currency of Chia. Source: CoinMarketCap Chia Crypto Price Technical Analysis The technical analysis of the Chia crypto witnesses the formation of a double top pattern over the daily time frame. The price has been facing selling pressure from the upper levels for the past two intraday sessions.  Moreover, the trend analysis showcases a bullish outlook above the key EMAs of 50-day and 200-day. The price has made multiple tests of the 200-day EMA and has bounced back.  The bulls need to accumulate more buying volume to surpass the recent supply zone. Chia Crypto Volume Analysis The 24-hour trading volume was $20.17 Million with a 16.89% drop as compared to yesterday. This live market cap is $301.736 Million and it ranks 146th among the top cryptos. The volume-to-market cap ratio is 6.86%, highlighting low volatility. Source: XCH/USD by TradingView According to our analysts, the most optimistic view of analysts estimates an upside potential of 13.14%. The price of the Chia coin could reach up to $36.537 by the end of 2023. The pessimistic view of analysts is that it could fall to $28.633.  Chia Crypto Price Prediction 2024…

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Filed under: News - @ December 19, 2023 10:12 pm