XDC, the digital token for the XinFin Network, is experiencing strong upward momentum, exciting traders and investors in the cryptocurrency market. In just one week, XDC has surged an incredible 74%, solidifying its position as one of the most exciting digital assets in the market. Over the past 30 days, XDC has seen a remarkable increase of 56%, trading with an impressive 100% gain since its opening in January.
As of writing, XDC is priced at $0.058, representing a 16.6% increase in the past 24 hours. CoinGecko, a leading cryptocurrency market tracker, continues to list XDC as one of the top 100 coins of the week.
The XDC Network is a blockchain platform designed for businesses and developers seeking to create decentralized applications (dApps) on an efficient and scalable blockchain infrastructure. Based on an enhanced Ethereum codebase, it is compatible with the Ethereum Virtual Machine (EVM).
Analysts predict that XDC’s value needs to increase 24-fold in order to reach its target price of $1. This points to significant growth potential, offering an opportunity for investors looking for substantial returns.
XDC’s market capitalization currently stands at $812 million, reflecting its previous impressive price increase. From its lowest price of $0.050 in June 2021, the token’s value has tripled in just two months. Its highest recorded price was $0.18 in August 2021, demonstrating its inherent volatility and ability to generate substantial returns within a short period of time.
With a total supply of 37,705,012,600 XDC coins and a circulating supply of 13,851,401,350, XDC currently boasts a market capitalization of $812 million.
This year, XDC experienced a boom, reaching its all-time high of $0.050 before undergoing intermittent periods of upward and downward movements. A 10% increase would allow XDC to retest its 2023 highs.
The XDC Network recently announced its gold sponsorship of @WebX_Asia, organized by @coin_post, a leading event in Japan. This sponsorship, in conjunction with the strategic partnership with @sbivc_official, a Japanese cryptocurrency trading company, will further strengthen XDC’s presence in the Japanese market.
Excitement is brewing among XDC network users as they eagerly anticipate an upcoming event that will unveil innovative advancements, open doors to exciting opportunities, and enable interactions with influential industry figures.
The XDC community is thrilled about the network’s promising future, and this enthusiasm has driven up the price of the network over the past week.
(Disclaimer: The content of this article should not be taken as investment advice. Investing comes with risks, and your capital is at risk.)
Featured image by Crast.net.
