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.
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.
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!
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