XDC Price Prediction: Is XDC Recovering?

On Jan 19, 2023

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In recent months, the price of XDC has fluctuated a lot, but it now appears to be stabilizing. The long-term outlook for the Xinfin Network appears bright, notwithstanding this volatility. The current pricing is a bargain for investors willing to invest in a potential enterprise at an early stage.

The XDC Coin

The XDC coin serves as the XinFin hybrid blockchain’s underlying utility token. One of the platforms paving the way for highly efficient platforms is XinFin, an EVM-compatible proof-of-stake smart contract blockchain. In 2023, what will happen to the XinFin Network?

The project’s expansion is driven by the Xinfin Network team, who have a track record in both traditional commercial initiatives and blockchain development. It is well positioned for success in the future because of its distinctive approach to creating a successful decentralized platform and the high scalability of the Xinfin Network.

XDCPay browser extension wallet Beta version is now available for testing within the XDC Community.@BlocksScan Contributed towards XDCPay 2.0 and It’s ready for Beta Testing: https://t.co/P1xUfELZmL#XDC #XDCPay #XDCcommunity #XDCNetwork
— BlocksScan (@BlocksScan) December 30, 2022

XDC is a cryptocurrency that serves as a settlement mechanism for decentralized applications (dApps) built on the XinFin hybrid blockchain. It aims to provide small to medium-sized enterprises (SMEs) with a secure and efficient financial platform for conducting business.

The XDC token can log financial transactions on the blockchain, providing increased security and automating economic processes. Additionally, by being listed on significant cryptocurrency exchanges, XDC Network gains more market exposure and liquidity, further bolstering its promising long-term prospects.

XDC Price History

Early in 2017, the Xin Fin Protocol held its initial coin offering (ICO), raising $15 million and demonstrating a favorable reception from the market. The XDC coin was initially listed on AlphaEx in the fourth quarter of 2017.

It was then listed at a premium price on other exchanges such as KoinOK, Bancor, Etherflyer, and Forkdelta. Coinmarketcap listed the initial price of XDC as $0.0036 in April 2018. Until May 2020, when it reached its opening price, the price of XDC remained low.

XDC, a cryptocurrency, reached its lowest value on June 20th, 2019, at $0.0001571. However, in 2021, the coin saw significant price movement after Exchange Infinity started a 1:1 swap of ERC20 XDCe for XDC. The coin reached its highest value on August 21st, 2021, at $0.1939, with the highest trading volume during this period. However, in 2022, the value of XDC began to decrease due to market volatility.

XDC Price Analysis: The Positive Trend Move

At press time, XDC Network’s (XDC) price has risen, with the current price of $0.027137362473 and a 24-hour trading volume of $2,964,171. Previous XDC’s price rose by 0.8% with a total supply of 37809142697.85 coins and a circulation supply of 14 billion XDC coins.

The daily chart shows that XDC is on the road to recovery after a long string of downward movements last year. The bullish move took it to another level, creating the bearish pin bar that left the market surging. The moving average crossover confirmation also gave it the go-ahead to continue rising.

However, XDC’s price has formed a double-top pattern at $0.028, indicating a change in market trend. But XDC seems adamant. Will it surpass the $0.028 mark? Should the price fall back, the most probable point it could fall to is $0.021. However, if prices keep surging, XDC might be meeting two probable resistances at $0.033 and $0.037, as indicated by the horizontal ray.