XDC Network Dominates Weekend Top 100 Roster With 50% Rally
The price of the XDC Network token, XDC, has increased for a total of five consecutive days and is currently trading at its highest level since April 2022. The token climbed more than 40% from its lowest point this month to its highest level. At the time of writing, XDC was priced at 0.049, up a solid 16.6% in the last 24 hours. But it was the token’s seven-day performance that was most impressive when it soared 50%, dominating the list of the weekend’s top 100 coin listing at crypto market tracker Coingecko. XDC Network has experienced an improvement of 97.17% so far this year. The price of the token is rising with a chance of trend reversal, recovering from the trendline to hit new peaks while bumping up against resistance at $0.04 and support at $0.03. It is anticipated that strong support will raise prices and establish new demand regions. XDC shows strong price action in the weekly timeframe. Source: Coingecko The coin has gone over the 50-day and 25-day moving averages on the daily chart, which is positive. The market capitalization of XDC Network’s token is now $683,630,126 following recent price movement. Most importantly, since this price was the highest on June 1st, XDC is clinging to a key resistance level. The Relative Strength Index (RSI) has risen to an overbought state. Enterprises can use the XDC Network (XDC), as it is a blockchain that has both public and private components. It’s the XinFin Network’s fuel token, allowing for a wide range of blockchain applications. Enterprises wishing to create or extend their infrastructure in a blockchain ecosystem will find the network’s interoperable smart contracts and frictionless payments appealing. Cryptocurrencies total market cap at $1.16 trillion on the weekend chart: TradingView.com The 2017-founded XDC Network has seen price swings during the course of its existence. It experienced a period of fall after achieving its all-time high of $0.17 during the 2021 bull cycle, before reaching new lows in July 2022. It experienced an upsurge in 2023 and spiked to a high of $0.050 before becoming volatile with sporadic upward and negative swings. XDC is currently challenging the $0.049 level, and an increase of 10% would enable it to test its 2023 highs once more. The ChainIDE for #XDCNetwork is finally LIVE! 🔥 Together, let’s strengthen the XDC Ecosystem and accelerate innovation. Let’s #BuildonXDC ! 💪 #Blockchain #XDC https://t.co/XVy7fpGQlt — XinFin (@XinFin_Official) July 19, 2023 Meanwhile, XDC network’s unexpected linear rise, despite its relative obscurity, happened at the same time as Bitcoin briefly fell below $30. The introduction of Chain IDE was a major factor in this rise. This year, XDC could reach a price of $0.05850 if it maintains its upward trend. However, if the market’s opinion changes, the price might fall below $0.02993. With continued improvements, XDC is poised to shatter its existing price of $0.049. As developers tirelessly work to enhance the network’s performance, security, and functionality, XDC could attract attention from investors and blockchain enthusiasts alike. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Ledgernomic Christian Encila They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one. Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.