Robonomics Network (XRT) is an innovative cryptocurrency token designed to bridge the gap between Internet of Things (IoT) devices and blockchain technology. Launched in April 2019, it operates primarily on the Ethereum platform, aiming to create a decentralized network for machines and robots to communicate and execute tasks autonomously.
This guide provides a comprehensive overview of XRT, including its live price data, market performance, technical analysis, and key metrics to help you understand its potential in the rapidly evolving IoT and decentralized physical infrastructure (DePIN) sectors.
Live XRT Price and Market Data
As of the latest data, the live price of Robonomics Network (XRT) is $1.88 USD. Over the past 24 hours, the token has experienced a price decline of -4.81%.
Key market statistics include:
- 24-Hour Trading Volume: $17,870
- Circulating Supply: 2 million XRT
- Market Capitalization: $3 million
- Current Market Rank: #1191
The token opened today at $1.92, representing a -2.49% decrease from its opening price. Compared to recent highs, XRT is down -40.39% from its 30-day maximum and -28.20% from its 7-day peak.
Price Performance Analysis
XRT's price performance shows mixed signals across different timeframes:
Short-Term Performance (24 hours to 1 week):
- 24-hour change: -4.81%
- 7-day change: -14.03%
Medium to Long-Term Performance:
- 30-day change: -35.03%
- 1-year change: -56.31%
The token's 52-week price range has been between $0.8652 and $5.39, representing significant volatility. From its all-time high of $12.70 reached on May 21, 2024, the token has declined substantially but remains up approximately 116.79% from its yearly low.
Technical Indicators and Market Sentiment
Current technical analysis presents a predominantly bearish outlook for XRT:
Momentum Indicators:
- RSI (14): 32.28 (Natural)
- Williams Percent Range (14): -99.15 (Oversold)
- Commodity Channel Index (20): -164.24 (Buy signal)
Moving Averages:
All major moving averages (from SMA/EMA 10 to 200) currently indicate "Sell" signals, suggesting sustained downward pressure on the price.
Volatility Metrics:
- 3-month volatility: 72.41%
- 6-month volatility: 132.61%
- 12-month volatility: 174.12%
These high volatility readings indicate significant price fluctuations, which is characteristic of smaller market cap cryptocurrencies.
Market Support and Resistance Levels
Based on current technical analysis, XRT needs to maintain support above $1.01 to potentially initiate a recovery. Key resistance levels to watch include:
- First Major Resistance: $1.89
- Second Resistance: $2.46
- Third Resistance: $3.03
Breaking above these resistance levels could signal a potential trend reversal, though market conditions remain challenging.
Trading Availability and Volume
XRT currently trades primarily on decentralized exchanges, with Uniswap V2 being the main trading platform. The token pairs exclusively with ETH, which may limit accessibility for some investors.
Recent trading activity shows:
- 24-hour trading volume: 9,527 XRT ($17,870)
- 30-day average daily volume: $37,659.20
- Total exchanges: 1 active platform
Compared to other cryptocurrencies launched in 2019, XRT demonstrates below-average trading volume. The average trading volume for 2019-launched coins is approximately $1 million, while XRT maintains around $18,000 in daily volume.
Wealth Distribution Analysis
The distribution of XRT tokens among holders provides insights into the network's decentralization:
Holder Distribution:
- Top 1-10 addresses: 32.59% of total supply
- Addresses 11-100: 36.15%
- Addresses 101-1000: 25.66%
- Remaining addresses: 5.60%
This distribution shows moderate concentration among larger holders, which is common in emerging cryptocurrency projects. Note that some top addresses may represent exchange wallets rather than individual holders.
Network Activity and Blockchain Metrics
Robonomics Network demonstrates modest on-chain activity:
- Daily transactions (24h): 37
- Average transactions per hour: 1.54
- 30-day transaction total: 2,567
- Average daily transactions: 85.57
These metrics suggest the network is in early stages of adoption, with room for growth in actual usage beyond speculative trading.
Investment Performance Metrics
XRT's investment metrics reflect the challenges faced by the token in recent periods:
Return on Investment (ROI):
- 3-month ROI: -50.13%
- 6-month ROI: -10.27%
- 12-month ROI: -56.17%
Risk Metrics:
- Maximum drawdown: -93.78%
- Winning days: 44.76%
These figures highlight the high-risk, high-volatility nature of this emerging cryptocurrency investment.
Project Background and Use Cases
Robonomics Network aims to create a decentralized platform for IoT devices and robotics to communicate and transact autonomously. The project focuses on integrating physical automation systems with blockchain technology, enabling:
- Machine-to-machine transactions
- Autonomous device coordination
- Secure data exchange for IoT ecosystems
- Smart city infrastructure management
- Industrial automation solutions
The platform operates on both Ethereum and Polkadot networks, leveraging their security and scalability features for different implementation scenarios.
Category Rankings and Market Position
XRT holds specific positions in cryptocurrency categories:
- Internet of Things (IoT): #19
- DePIN (Decentralized Physical Infrastructure): #86
These rankings indicate the project's niche focus within the broader cryptocurrency ecosystem, targeting specialized applications rather than general-purpose transactions.
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Frequently Asked Questions
What is Robonomics Network (XRT)?
Robonomics Network is a blockchain platform designed to facilitate communication between Internet of Things devices and decentralized applications. It enables machines and robots to interact with smart contracts autonomously, creating opportunities for automated systems in smart cities, manufacturing, and other industries requiring minimal human intervention.
What is the current price of XRT?
The current price of XRT is $1.88 USD as of the latest data. The token has decreased by -4.81% in the past 24 hours and -14.03% over the past week. Prices are subject to change rapidly due to market conditions and the token's relatively low liquidity.
What was the highest price ever reached by XRT?
XRT reached its all-time high of $12.70 on May 21, 2024. This represents the highest price point in the token's history since its launch in April 2019. The current price remains significantly below this peak level.
Where can I buy and trade XRT tokens?
XRT is primarily available on decentralized exchanges, with Uniswap V2 being the main trading platform. The token currently pairs only with ETH, which means investors need Ethereum to acquire XRT. No major centralized exchanges currently list XRT, which may limit accessibility for some traders.
What factors influence XRT's price movement?
XRT's price is influenced by general cryptocurrency market trends, developments in the IoT and automation sectors, project-specific news and updates, trading volume changes, and broader adoption of decentralized physical infrastructure solutions. The limited exchange availability also contributes to price volatility.
How does Robonomics Network compare to similar IoT cryptocurrencies?
Robonomics Network ranks #19 among Internet of Things cryptocurrencies by market capitalization. It differentiates itself by focusing specifically on machine-to-machine communication and autonomous transactions rather than general IoT data management. The project's integration with both Ethereum and Polkadot provides technical flexibility but may face competition from more specialized networks.
Understanding Robonomics Network requires recognizing its niche position within the blockchain ecosystem. While price volatility remains high, the project addresses specific technological needs in the growing IoT and automation sectors. As with any cryptocurrency investment, thorough research and risk assessment are essential before considering XRT exposure.
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