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XDC, the native cryptocurrency of the Singapore-based XinFin Network, defied the overall market decline by surging 35.54% in just one day, reaching an impressive price of $0.86.

The token’s remarkable rally lasted for five consecutive days, pushing it to its highest level since January 2022. XDC’s price had surged more than 300% from its monthly low of $0.03, despite a 1.88% decline in the global cryptocurrency market.

In contrast, major cryptocurrencies like Bitcoin and Ethereum experienced drops of 1.68% and 1.27%, respectively.

In the last 24 hours, the price of XDC has skyrocketed by over 35.54%, reaching the $0.8 mark. This surge has made XDC the top gainer in the crypto market, according to data from CoinMarketCap.

As of the current moment, XDC Network is trading at $0.86, and its 24-hour trading volume has surpassed $27.9 million, increasing by 37%. The daily chart for XDC shows a robust bullish trend, with the token surging above the critical resistance level at $0.065.

XDC Price Shows Bullish Signs, Targets Resistance Levels

The XDC price has demonstrated a significant uptrend, surpassing the 50-day exponential moving average (EMA). Additionally, the Relative Strength Index (RSI) has entered overbought territory at 8.46, indicating strong momentum.

Based on the data, if the bullish trend continues, XDC may reach the resistance level of $0.09, with potential to break through $0.12 and even surpass $0.5. However, if the bearish trend takes over, the price could fall to the range of $0.5 to $0.4.

XinFin Network, a hybrid blockchain platform, aims to become a prominent alternative to established chains like Ethereum, Cardano, and Hedera Hashgraph in the blockchain industry. The platform offers support for smart contracts, decentralized applications (DApps), and seamless cross-border transactions.

Recently, the network gained attention with its participation in a forthcoming event in Toronto, Canada, showcasing its growing influence and presence in the blockchain industry.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 #CryptocurrencyNews #NFT #Web3 #Blockchain #XDC

CryptosHeadlines.com - The Leading Crypto Research Network

PLI Jumps 15.13%: Investors Interested Due to Real-World Data Use. RSI at 83 Suggests Potential Overbuying with Strong Upward Trend.

In the fast-changing world of blockchain technology, the Plugin platform (PLI) on XinFin has become really popular. Many experienced and new investors are excited about its recent rise in value and unique way of doing things.

Right now, PLI is priced at $0.0961, showing a big increase of 15.13%. This rise in value is matched by more people trading it, with the amount of trading going up by 12.52% to $148,773. These numbers show that more and more people want to buy PLI.

PLI Price Chart, Source: TradingVolume

What Can Investors Anticipate?

Experts believe PLI has more potential than people realize, and they predict its value will go up because there are 60 million units available. People who invest early could make gains, using its secure real-time data integration for smart contracts.

Looking at PLI’s daily price chart, it’s clear that its price has mostly stayed above a certain line (50-day simple moving average or 50 SMA), showing that people are generally optimistic about it. This important line is at $0.07832, showing that PLI has been going up steadily.

The daily relative strength index (RSI), which tells us about how the market sees an asset, is at 83. A high RSI means a lot of people have bought it recently, and this might mean that its price could stay the same or go down soon.

In short, Plugin (PLI) is a decentralized Oracle Platform with big potential. Its ability to connect real-world data with smart contracts has made people interested and led to more investments.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#NFT #Web3 #Blockchain #XDCNetwork #XDC

In the world of cryptocurrencies, XDC Network token (XDC) has experienced a tremendous surge recently. XDC has been continuously gaining value for the past five days and is currently trading at its highest level since April 2022. With an increase of over 40% from the lowest to the highest level this month, it is currently trading at $0.049 and has seen a 16.6% increase in the last 24 hours. However, the most impressive performance comes from a 50% surge in the last seven days, putting XDC Network token at the top of Coingecko's list of the best 100 coins for the weekend. Since the beginning of the year, XDC Network has experienced a remarkable improvement of 97.17%.

Technical Analysis and Trend:

XDC's price is showing a tendency to reach new highs, recovering from the trend line, and is currently approaching the $0.04 resistance and $0.03 support levels. A strong support level could drive prices higher and create new demand zones. The fact that it has crossed above the 50-day and 25-day moving averages on the daily chart is a positive sign. The market capitalization of XDC Network token has been determined to be $683,630,126 due to recent price movements. Most importantly, since its highest price on June 1st, XDC has been sticking to a significant resistance level. The Relative Strength Index (RSI) has risen to the overbought condition.

About XDC Network:

XDC Network (XDC) is a blockchain with both public and private components. XDC, the fuel token of XinFin Network, enables various blockchain applications. Organizations looking to build or expand their infrastructure on the blockchain ecosystem will find the network's interconnected smart contracts and frictionless payments appealing.

History and Future:

XDC Network token (XDC), founded in 2017, has experienced price fluctuations throughout its existence. After reaching an all-time high of $0.17 during the 2021 bull market, it reached new lows in July 2022. In 2023, it saw an increase and rose to $0.050, followed by occasional upward and downward fluctuations. Currently, XDC is testing the $0.049 level and is in a position to retest the 2023 peaks with a 10% increase.

Predictions:

Despite its relatively low recognition, XDC Network token has experienced an unexpected linear rise. Even during times when Bitcoin briefly dropped below $30, XDC's ascent continued. If the upward trend of XDC continues this year, it could rise to $0.05850. However, if market sentiment changes, the price could fall below $0.02993. With continuous improvements in network performance, security, and functionality by developers, XDC is preparing to break its current $0.049 price level, attracting the attention of investors and blockchain enthusiasts.

In Summary:

XDC Network token (XDC) is garnering attention with its impressive performance recently. Having experienced significant growth since the beginning of the year, XDC shows positive signs in technical analysis and indicates its potential for the future. The opportunities presented by XDC Network for businesses to develop blockchain applications and expand their infrastructure make it appealing to investors. However, it's essential to remember that the market always carries fluctuations and risks. #XDC #XDCNetwork #BLOCKCHAINS