The XinFin Network, an enterprise-ready blockchain with a hybrid (public/private) design, uses XDC as its fuel token. The network supports businesses wishing to develop or scale their infrastructure within a blockchain ecosystem thanks to EVM compatibility. For a variety of blockchain use cases, XDC Network offers all the essential resources, from frictionless payments to seamlessly interoperable smart contracts.
Additionally, platforms like TradeFinex.org provide examples of the real-world utility of XinFin’s mainnet token, XDC. This streamlines the financial origination process by enabling small and medium-sized firms or organizations to digitally construct their financial requirements and disseminate them to banks or non-bank lenders through a single distribution standard.
The XDC network is engaged in numerous projects and is one of the fastest-growing crypto ventures. The XDC coin is a long-term project that has promise thanks to a distinctive roadmap and community support. The XDC currency is currently among the top 100 cryptocurrencies on the market, as we discovered using CoinMarketCap. The price of XDC coin could soar in the next few months due to new listings on well-known cryptocurrency exchanges and a surge in community investment.
Prices:
The current price of XDC Network is US$0.059, and its 24-hour trading volume is $19.53 million. In the previous 24 hours, XDC has gained 23.99%. It is currently 72.27% higher than its 7-day all-time low of $0.03425 and -3.48% lower than its 7-day high of $0.06113. 13.85 B XDC are now in circulation for XDC.
The XDC coin has experienced significant growth in the cryptocurrency market since its launch. When XDC reaches a new ATH level in 2021, it will have provided excellent returns to its early investors. In August 2021, the price of XDC coins surged to an all-time high (ATH) of $0.1939. Since that time, XDC’s performance has been bearish.
According to our analysis, XDC prices will continue to climb over the following ten years, reaching $1 in 2030. The performance of the XDC coin has been badly impacted, as all cryptocurrencies are growing negatively. There are good chances that the impending bull run will aid in the XDC coin regaining some value.
Analysis:
Our technical indicators predict that the 200-day SMA for XinFin Network will increase during the coming month and reach $0.038920 by August 24, 2023. By August 24, 2023, the short-term 50-Day SMA for XinFin Network is anticipated to reach $0.053413.
A well-liked indicator for determining if a cryptocurrency is oversold (below 30) or overbought (over 70) is the Relative Strength Index (RSI) momentum oscillator. The RSI indicator is currently reading 78.66, which means that the XDC market is overbought. The RSI indicator predicts an increase in XDC’s price.
On the 4 Hour Chart:
As can be seen in the chart above, the 4-hour XDC Network price has increased as fresh positive momentum has emerged. The value of the cryptocurrency dropped dramatically, reaching a low of $0.0315 from an initial high of $0.041 at the beginning of the month.
On the 4-hour chart, the RSI score has increased. The RSI levels are presently in an upward direction and are gradually rising, indicating a positive trend. Given that there is currently a lot of space on both sides, we can anticipate a price change in either direction.
On the Daily Chart:
On the one-day chart, Xinfin cryptocurrency may experience a dip soon if the sellers are successful in controlling the price motion. Despite the bearish candles, the price action is still bullish because there is no significant barrier in place and buyer confidence is still intact.
The greed zone is where the relative strength index (RSI) line is currently moving. The XDC token currently has an RSI value of 73.52 points. The 14 SMA levels, which are currently at 63.72 points, are providing support for the RSI line.
The stochastic RSI line is edging closer to the overbought line and could cross over negatively. The stochastic RSI currently has a value of 89.46 points, which places it in the neutral zone.
Technical Levels:
Support -$0.040
Resistance – $0.030
Prediction:
2024 Price Prediction for XDC Coin
If the market situation is favorable, there is a good chance that the XDC coin will regain its position. By 2024, the price of the XDC coin could average $0.13, according to our pricing projection. If there is a bullish event, the price might end the year at a maximum of $0.22. However, the XDC coin’s minimum price level can be as low as $0.084 in a bearish market situation.
2025 Price Prediction for XDC Coin
According to our XDC forecast, their prices may surpass the previous ATH level this year. We might anticipate an average price of $0.37 by 2025, depending on the direction of the market. Our maximum price forecast for the XDC coin is $0.54 in 2025, assuming present growth continues. If the market becomes negative in 2025, the XDC coin’s lowest price level might be around $0.23. However, if the market turns positive, the price of the XDC coin in 2025 can increase more than we predicted.
Conclusion:
If XDC Network (XDC) proves to be a wise investment in 2023, the cryptocurrency will benefit from this year. In conclusion, $0.05850 is the bullish XDC Network (XDC) price forecast for 2023. In contrast, the pessimistic XDC Network (XDC) price forecast for 2023 is $0.02993 if negative emotion is sparked.
XDC Network (XDC) may reach $0.1 if investor mood and market momentum both improve. Additionally, XDC may surpass its current all-time high (ATH) of $0.1939 and establish a new ATH with future improvements and breakthroughs in the XDC Network ecosystem.
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