Crypto is on a massive rise this year and several coins have absolutely exploded in value. However, some coins have nose-dived and are now essentially dead. Xenixcoin (XEN) is one of them.
Let's take a look at the graph below; around Christmas 2016, Xenixcoin appeared to be on the way to become a prominent factor in cryptoland and its market cap peaked at more than $23 million on the 23rd of december 2016. At this time, the price in USD was more than $15 ... ! However, around that time the downwards spiral began; the market cap suddenly plummeted to $0 in the first days of 2017 and the value of Xenixcoin took a hard hit. There was some activity in the following months but eventually the coin 'flatlined' and got reduced to almost nothing.
Several days ago, the market cap was $17. Yes, the price of an average meal at a fast food restaurant ... ! Imagine an unfortunate person who bought 100 Xenixcoin for $15 around Christmas 2016, paying an amount of $1500. That amount would have reduced to a mere $0,02 by now ... !
In a nutshell: profit certainly isn't guaranteed in the world of cryptocurrencies, although research can reduce the risks somewhat ... !
