XCP Profile


USD 3.72  0.08  2.20%   

Market Performance
0 of 100
Odds Of Distress
Over 59
XCP is trading at 3.72 as of the 9th of December 2022, a 2.20 percent up since the beginning of the trading day. XCP has over 59 % chance of experiencing financial distress in the next 2 years of operation and has generated negative returns for investors over the last 90 days. Cryptocurrency ratings for XCP are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 10th of October 2022 and ending today, the 9th of December 2022. Click here to learn more.
XCP is peer-to-peer digital currency powered by the Blockchain technology. More on XCP

Moving together with XCP

XCP is an internet market maker for p-to-p digital money denominated as Cryptocurrency. XCP has been active in the last 3 months, and it is now expressing a bullish sentiment. Cryptocurrencies such as XCP are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as XCP are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

XCP Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. XCP's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding XCP or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
XCP generated a negative expected return over the last 90 days
XCP has high historical volatility and very poor performance
XCP is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on few exchanges in multiple currencies. Counterparty is not a traditional cryptocurrency and is more of a payment network - using bitcoin as the transport layer.Counterparty is a free and open platform that puts powerful financial tools in the hands of everyone with an Internet connection. By harnessing the power of the Bitcoin network, Counterparty creates a robust and secure marketplace directly on the Bitcoin blockchain, extending Bitcoin’s functionality from a peer-to-peer payment network into a full fledged peer-to-peer financial platform.In addition to sending money without third-party intermediation, you can trade, do business, and engage in advanced financial contracts without having to trust anyone else to hold your funds or do your accounting. Along with the Counterparty protocol, the platform consists of the native XCP token to perform advanced operations, and the secure, browser-based Counterwallet to provide the functionality.What is Proof of Burn (PoB)?Proof of burn (POB) is an alternative consensus algorithm that tries to address the high energy consumption issue of a POW system.POB is often called a POW system without energy waste. It operates on the principle of allowing miners to “burn virtual currency tokens. They are then granted the right to write blocks in proportion to the coins burnt.Balances in Counterparty’s native currency, ‘XCP’, will be initialised by ‘burning’ bitcoins in miners’ fees during a particular period of time using a burn message type. The number of XCP earned per bitcoin is calculated thus:XCP_EARNED = BTC_BURNED * (1000 * (1 + .5 * ((END_BLOCK - CURRENT_BLOCK) / (END_BLOCK - START_BLOCK)) ))END_BLOCK is the block after which the burn period is over (block #283810) and START_BLOCK is the block with which the burn period begins (block #278310). The earlier the burn, the better the price, which may be between 1000 and 1500 XCP/BTC.Burn messages have precisely the string ‘ProofOfBurn’ stored in the OP_RETURN output.
IndustryBlockchain-Specific Application
Collateralized AssetNo
Technology Adoption RatingD-
Proof TypePoB
Is Tradingtrue
Asset Launch Date2014-01-02
Full NameCounterParty (XCP)
Asset Website Urlhttp://counterparty.io/
Asset Token StatusFinished
Block Number766,680
Platform Typeblockchain
Coin NameCounterParty
Total Coins Mined2.6 Million
XCP (XCP) is traded on CRYPTO Exchanges. XCP is peer-to-peer digital currency powered by the Blockchain technology.

XCP's Exchanges and Markets

Poloniex Zaif

XCP Target Price Odds Analysis

What are XCP's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of XCP jumping above the current price in 90 days from now is about 79.63%. The XCP probability density function shows the probability of XCP crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon XCP has a beta of -0.4156. This entails as returns on benchmark increase, returns on holding XCP are expected to decrease at a much lower rate. During the bear market, however, XCP is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. XCP is significantly underperforming NYSE Composite.
  Odds Below 3.72HorizonTargetOdds Above 3.72
20.26%90 days
Based on a normal probability distribution, the odds of XCP to move above the current price in 90 days from now is about 79.63 (This XCP probability density function shows the probability of XCP Crypto Coin to fall within a particular range of prices over 90 days) .

XCP Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. XCP market risk premium is the additional return an investor will receive from holding XCP long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in XCP. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although XCP's alpha and beta are two of the key measurements used to evaluate XCP's performance over the market, the standard measures of volatility play an important role as well.

XCP Technical Analysis

When it comes to investing in cryptocurrency, such as XCP, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of XCP, which is currently traded at 3.72, shows everything you need to know about XCP market value. You don't have to consider the fundamental factors that affect a crypto asset, such as XCP, to determine its price movements. However, the XCP's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so XCP's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project XCP's future price trend
The output start index for this execution was zero with a total number of output elements of sixty-one. XCP Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe XCP price patterns.

XCP Against Markets

Picking the right benchmark for XCP crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in XCP crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for XCP is critical whether you are bullish or bearish towards XCP at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in XCP without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in XCP

You need to understand the risk of getting into digital currencies such as XCP before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in XCP in four ways:

Buy XCP through an exchange

Get yourself a crypto wallet before embarking on your XCP journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase XCP. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of XCP through an exchange

You don't have to buy a full token when starting out since XCP is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade XCP through a broker

If you don't want to store your XCP Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in XCP through an exchange-traded fund (ETF)

You can also invest in XCP through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having XCP in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Check out Your Current Watchlist. Note that the XCP information on this page should be used as a complementary analysis to other XCP's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Other Tools for XCP Crypto Coin

When running XCP price analysis, check to measure XCP's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy XCP is operating at the current time. Most of XCP's value examination focuses on studying past and present price actions to predict the probability of XCP's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move XCP's coin price. Additionally, you may evaluate how adding XCP to your portfolios can decrease your overall portfolio volatility.
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Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes