XDC Network | XDC The price of XDC Network is $0.059 today with a 24hour trading volume of 19 million dollar. This represents a 24% price increase in the last 24 hours and a 72% price increase in the past 7 days. With a circulating supply of 14 Billion XDC, XDC Network is valued at a market cap of 822 million dollar.
As XDC, the digital token for XinFin Network, exhibits a powerful display of bullish momentum, the cryptocurrency market is humming enthusiastically. XDC has increased by an incredible 93% in just two weeks, impressing traders and investors with its massive rise.
The altcoin’s ascent over the past 30 days has been remarkable; it has seen a substantial 56% increase, solidifying its place as one of the market’s most exciting digital assets. The altcoin has demonstrated its strength by trading at a startling 100% premium over its January opening.
XDC Network is a blockchain platform for businesses and developers who want to build decentralized apps on an efficient and scalable blockchain infrastructure.
The platform is built on an enhanced Ethereum codebase and is compatible with the Ethereum Virtual Machine.In order to attain the target price of $1, analysts predict that the value of the XDC token will increase by a factor of about 24. This suggests a big potential for growth and offers a chance for investors looking for significant returns.
XDC has previously shown significant price appreciation. From its lowest price of $0.050 in June 2021, the token’s value increased by slightly more than three times in just two months.
In August 2021, XDC reached its highest recorded price of $0.18 thanks to this outstanding performance. Such a sharp price increase demonstrates the token’s intrinsic volatility and ability to provide substantial returns in a short amount of time.
A total of 37,705,012,600 XDC coins are available, with a circulating supply of 13,851,401,350 and a market cap of $812 million for XDC.This year, the token has boomed, reaching a high of $0.050 before turning erratic, with periodic upward and downward movements. A 10% increase would allow XDC to test its 2023 highs again.
Meanwhile, the blockchain project’s collaboration with the Japanese cryptocurrency trading firm SBI VC Trade to sponsor WebX 2023 coincides with the token’s price increase.
Users of the XDC network anxiously anticipate an upcoming event that will reveal cutting-edge innovations, open doors to exciting possibilities, and enable interactions with influential personalities in the business.
The XDC community is brimming with anticipation for the network’s bright future, and this excitement has driven the network’s price higher over the past week.
Xdcnetwork
XCD could see a reboundAfter August's high above 0.9, KUCOIN:XDCUSDT started to drop, losing more than half of its value.
However, at this moment the coin is sitting on an important confluence support and a rebound could be next.
My target for this rebound is 0.615 recent high and considering a tight stop loss, a 1:3 risk: reward trade could be found for this coin.
XDC/USDT Gearing up for a Bullish Rally? 👀🚀XDC Analysis 💎Paradisers, let's zero in on #XDCUSDT, as it's showing potential for a notable move from a vital demand level.
💎#XDCMainnet is on an upward path, indicating a possible bullish breakout from its current demand zone. We're looking at a potential retest of the demand level at $0.043, in anticipation of the major supply zone just ahead. If #XDC holds above this threshold, it might set the stage for an ascent toward the major supply zone at $0.057.
💎However, if #XDC encounters difficulty in sustaining its position above the support level, we may need to reassess our trading approach. In such a scenario, we would consider initiating a bullish movement from a lower bullish Order Block (OB).
💎It's essential to keep a vigilant eye on this level, as a break below it could initiate a substantial bearish trend.
💎Stay sharp and flexible, Paradisers. Your ParadiseTeam is on hand to provide the most current insights and strategic outlooks, ensuring you're equipped to adeptly navigate these market developments.
XDCUSD Near the best buy signal provided by the MACD.The XDC Network (XDCUSD) is having a strong 1D green candle breaking again above the 1D MA50 (blue trend-line) after holding the 1W MA100 (yellow trend-line). The trend is more effectively displayed by the Fibonacci Channel where it appears that every Higher High is +0.5 Fib more than the previous.
If the 1D LMACD forms a Bullish Cross (which is close to completing), it will be the best buy entry on a 3 month basis. In that case we will buy and target 0.14000, which is within the 1.5 and 2.0 Fibonacci extensions.
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XDC Price Prediction & Long EntryPrice Prediction:
My friends
I caution you in advance. This price “prediction” is super speculative. Regardless, it reflects what may happen if the current trend repeats.
The Cup and Handle pattern timeframe is usually not more than six months. The principle behind the Cup and Handle is a parabolic move, correction, parabolic move. From this perspective, I think it also fits the pattern of a bull run, bear market correction, a recovery phase, and another bull run.
The proportions of XDC’s USD chart support a cup and handle only on the log chart.
I’m a TA. I don’t use Fundamentals.
Having said that, if XDC’s price comes close to my prediction, we’re looking at multiple Xs.
XDC/BTC
The XDC/BTC chart is also showing a Cup and Handle.
XDC broke through a diagonal resistance at 143 on July 18th, 2023.
XDC broke out of the range-high at 214 on July 30th.
If XDC flips the range high to support, it is good for continuation to 391, which is the ATH and the completion of the cup.
The final target for this pattern is 1367.
Remember, this is highly speculative. TA is an art, not a science. Some patterns succeed , others don't. We are driving forward while using the rear mirror for directions.
My Take:
I think that allocating some small part of my long-term portfolio to XDC is worth the risk.
Long Entry:
XDC is a bit oversold on the weekly and 3D timeframe. It had a very nice uptrend and now it is retracing some of these gains.
I will ladder into XDC beginning at the 0.382 fib at 0.0605 USDT. My preferred price for entry is at the 0.5 fib at 0.053 USDT.
Note, the RSI support is at the 40 level. I expect it will hold the 40 and continue up.
NFA.
What do you think? Please share in the comments.
Best Wishes.
XDC Network Potential RetracementIn my opinion, considering the current market conditions and the broader performance of cryptocurrencies, XDC (XinFin Network) could face downward pressure and potentially trade lower at this time.
Many cryptocurrencies have experienced a recent decline in value due to various factors such as market corrections, regulatory concerns, or shifts in investor sentiment. XDC may not be immune to these trends and could be influenced by the overall market sentiment.
My price targets are $0.030 and $0.024.
Looking forward to read your opinion about it.
XDC Networks - Smart Money ConceptsNot looking to how for the markets as a whole but some coins look worse than others. another 97% downside in store for this poor guy, better get out while you can or get ready to DCA onthe ride down.
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