![]() Starting the year around a $100 mark, the token’s price stands at $31.4 at the time of writing. Before it took a massive plunge in a little over a month, it hovered around $200 for a few months.Įver since, the XCH token price has been on a linear decline, occasionally exhibiting upward movements, although the numbers never managed to cross three digits. Mainly due to its unique consensus mechanism (discussed later in the article).įor close to two weeks following the launch, the price of the token spiked, reaching an all-time high of $1,600. Launched in May 2021, Chia immediately became popular among investors as it debuted at around $900 across exchanges. Long-time investors keep their portfolios profitable by carefully analyzing a coin’s historical performance during their research, and a similar look at the trajectory XCH has followed can give us useful insights into how the coin may perform in the future. Today, many are questioning whether: Chia coin is dead? And we may have an answer for that. Garnering a bundle of attention upon its launch, the coin quickly became a favourite altcoin for many investors before it propagated a wave of skepticism among investors who were considering adding the coin to their portfolio. Similarly, many projects tried to play around with the mechanism that powers their network, and one such name is the Chia network. ![]() Ethereum for example opened an entirely new dimension for blockchain applications when it launched proof-of-stake. Join Our Telegram channel to stay up to date on breaking news coverageĮver since the advent of Bitcoin, numerous projects have attempted to improve the infrastructure of their coins by deviating from Bitcoin’s consensus mechanism, proof-of-work. ![]()
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