If you are active in the crypto market, you may have heard of Chia crypto. Chia crypto is a cryptocurrency that is actively mined by all kinds of traders in the cryptocurrencies market. Chia is the crypto platform created in 2018 by Bram Cohen’s Chia Network Inc.
Chia is a relatively new crypto project in the digital coin market. The project is therefore quite modern, which is reflected in the goals of the project. Chia, for example, is a sustainable project that, unlike other cryptocurrencies, tries to use green energy as much as possible. With this eye for sustainability, Chia has already gathered many followers in the form of crypto investors and traders.
In this article we are going to talk about Chia. We will discuss the use case and how Chia stands out from other crypto projects in the digital cryptocurrencies market. In this article we also look at the Chia forecast, the XCH price and we discuss the latest Chia news. What will the Chia course do?
Wat is Chia?
Chia is a unique network in the crypto market that differs from other cryptocurrencies in several ways. As mentioned earlier, the project focuses on the use and consumption of green energy to maintain the network. In addition, unlike Bitcoin, for example, Chia uses Proof of Space and Time instead of Proof of Work.
Although Chia still has a way to go when it comes to making the crypto market more sustainable, the project is on the way. It tries in many ways to reduce the amount of energy consumption and lower emissions. In most areas of sustainability it seems that the measures are working, but if the measures are looked at more indirectly, the sustainability of Chia has not yet been successful.
Although Chia has not yet reached the level of sustainability that many traders would appreciate, this does not mean that investing in Chia is a lost cause. In the long run, Chia will continue to work on making crypto more sustainable to hopefully make the crypto market more sustainable in the longer term.
What does the Chia course do?
Developing the Chia currency required investment from traders and investors who believed in a more sustainable world of cryptocurrencies. That is why Chia has held an initial coin offering. In total, only $3.4 million was raised, while the project was hoping for $53.4 million. Little is known about the price at which the XCH coin could be bought during the initial coin offering. The current XCH price is $ 35.27.
If we look back in the price data of XCH, we see that the first XCH price was registered on May 5, 2021. After a short difficult start in the crypto market, the price showed a significant peak. However, this high Chia value was short-lived as the price soon fell to a low point from which it was difficult to climb.
The Chia all time high has been at a value of no less than since May 15, 2021 $ 1,645.12. This means that it has been 488 days since the Chia value reached its all time high. Chia’s market cap currently has a value of $ 179,753,590 and with this XCH value, the crypto is in place 181 in the ranking of cryptocurrencies based on market cap.
As a trader it is important to keep a close eye on changes in the Chia value. By adequately responding to the volatility of the Chia value, you can get the most out of your investment. As a trader, be careful when reading a Chia price forecast. It is important that you do not believe every Chia prediction, but that you do your own research into the development of the price and set expectations based on this. Below is the Chia price chart that you can use for researching the price of Chia.
What is the Chia forecast for 2022 – 2027?
In the meantime, we have discussed the goals of Chia in this article and we have also discussed the less successful period that Chia is currently going through. However, if Chia’s sustainability plans improve, this project could become very popular in the coming years, in which attention to the climate plays a central role.
If we look at the Chia crypto forecast for 2022, it is difficult to make a statement about this in the short term. This is because Chia is a relatively new crypto that is still in the process of developing better sustainability plans. It depends on the new plans how Chia’s course will develop in the future.
We can already say more about the Chia forecast for 2027. If the crypto can deliver what it promises, and thus make the crypto market more sustainable, the coin will gain popularity and the value of the coin will increase. This can make Chia an interesting investment for the next 5 years. However, it is impossible to guarantee a positive Chia price forecast.
What we can say with certainty is that the Chia price has already shown a significant increase in the price of the XCH coin. Shortly after listing of the coin on the stock exchange, the price rose by no less than 174%!
It is also impossible for influencers and experts to draw up a Chia forecast that is guaranteed to come true. This is an important thought to remember when reading a Chia forecast on the internet. It is always important as a trader or investor to do your own research into the price of Chia.
Historical Price for Chia
What is the use of the XCH coin?
The XCH coin has several applications on the Chia network. The XCH coin can be mined and used to fund transactions on the Chia network. In addition, you can trade and invest in Chia.
When you are going to invest in Chia, it is important to keep an eye on the exchange rate and the scarcity of the currency. The scarcity of Chia can be seen by comparing the current supply of 5,093,146 XCH with the maximum supply of 26,093,011 XCH.
In a short term like 24 hours, the price of Chia can show volatility. At the moment the price difference is over the last 24 hours -0.22%. Over the past 7 days, the price difference 0.39%. It is important to do your own research into the price difference and not just believe the messages on the internet.
|Huidige supply||5,093,146 XONLY||Maximale supply||26,093,011 XONLY|
|% difference 24h||-0.22%||% difference 7D||0.39%|
Where to buy Chia?
Bitvavo is a well-known exchange with a wide range of cryptocurrencies including Chia. The exchange offers secure transactions and appropriate transaction fees. There are already millions of traders who have gone before you and started buying XCH through Bitvavo. Do you also want to start? Create a free account on Bitvavo below!
|Bitvavo (Our recommendation!☝️)||The best choice in NL. The lowest trading costs & easy to use. Receive a welcome bonus with your registration!||4,2/5||Visit exchange|
|eToro||Largest social trading platform in the world. Trade with experts effortlessly and take advantage of their profits!||4,2/5||Visit exchange|
|Binance||The largest exchange in the world, large assortment and many extras such as staking & ICOs||2/5||Visit exchange|
The latest Chia news
This article has discussed various aspects of Chia that can influence the XCH price forecast such as the Chia forecast, the use case and the goals of the crypto project. Finally, the Chia news is also important.
By keeping an eye on today’s Chia news, you can update your trading strategy in a timely manner and thus get the most out of your investment. Chia’s official Twitter account is a good source of information for the latest developments around the crypto project.