xMARKXMARK
$0.0250
Market/Exchange
XMARK Price Prediction and Price Movement
XMARK has been down 10.82 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that XMARK's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if XMARK is backed by a solid development team and whether XMARK's technology has any potential to grow.
Please note that this analysis is purely base on XMARK's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
xMARK Price Chart
About xMARK
Benchmark Protocol's xMARK token is issued similarly to a LP token in exchange for staking MARK tokens in the Standard, Benchmark Protocol's single asset staking model. xMARK is similar to a receipt in that you can exchange it back at anytime for the underlying MARK tokens.
As MARK is a rebase token, the assets underlying the xMARK token will be affected by rebase; however, the number of xMARK tokens you own while staking, will never rebase. The exchange rate of xMARK to MARK tokens therefore will be dynamic.