It's already up 400% in a month. Do you really see that as a buying opportunity?
Absolutely. XYM was pretty much dead quiet from July to September -- to the point that even I was beginning to have my doubts.. Yet the sleeping dragon is once again rustling. Check out the discord channel.. Big things in the works. XYM is still seriously undervalued.. Take a look at NEM's price charts, and consider that XYM is NEM's multi-year Catapult project, effectively NEM 2.0. It's launched, but not all systems are online as of right now. There is also a recent explosion of community participation paired with a looming 180 degree shift in the XYM's political power dynamics.
Does anyone know why the amount in circulation of XYM on Coinmarketcap is significantly lower than XEM (5,58 bln vs 8,99 bln)? According to the snapshot, there should be exactly the same amount in circulation, right?
I've been wondering for some time why XYM, although significantly higher in price, is positioned somewhere on rank 200, while XEM is among the top 100.
Or is it just a wrong representation with Coinmarketcap.ccom?
Yes because not everyone claimed ther XYM with thier XEM yet. Its likely that those that have not claimed will not.
This is part of the story, but there's more to it. The transition to XYM burned a billion NEM -
https://symbolplatform.com/tokenomics/"XYM has a fixed maximum supply of 8,999,999,999 tokens. On release, initial supply was 7,842,928,625 tokens, allocated to users based on XEM holding at Snapshot. Another 1,157, 071,374 XYM was created for inflationary rewards over time. The inflation rate is closely mapped to that of bitcoin, extending out over the next 100 years. Similar to mining rewards, Symbols rewards will be released to each block creator but based on a POS+ (Proof of Stake+) system."
I'm actively harvesting, which is giving something like 2% monthly returns on my staked XYM.. Harvesting rewards are a massive incentive now -- never were for NEM.
