Overview
• The XDC Network (XDC) is up by more than 11% in the last 24 hours, with a current circulating supply of 14 billion XDC tokens and a market cap of $842,294,110.
• It recently forged a strategic partnership with Tokyo-based financial holding company SBI to expand its presence in Japan.
• The recent spike in the price of XDC has surpassed the initial key resistance level at $0.045 and is expected to reach the next resistance level at $0.069.
XDC Price Action
The price of XDC Network (XDC) currently stands at $0.060794, reflecting an impressive 11.6% increase over the past 24 hours according to CoinGecko data. Over the past seven days, XDC has demonstrated a remarkable 52.81% price growth, while it has shown an impressive 90.9% price increase over the last 30 days. The recent spike in the price of XDC has surpassed the initial key resistance level at $0.045 and is expected to reach the next resistance level at $0.069 – providing further opportunities for price growth moving forward.
Partnership with SBI
In June 2021, XDC Network forged a strategic partnership with Tokyo-based financial holding company SBI in order to expand its presence in Japan – a country known for its growing interest in blockchain technology. This announcement sparked a notable surge in the price of XDC, pushing its native token up 28%.
Impact on Market Cap
The current circulating supply of 14 billion XDC tokens gives it a total market cap value of around $842 million as of July 27th 2023 – making it one of the top cryptos on CoinMarketCap and part of an ever growing crypto industry as mainstream adoption continues to rise across multiple industries worldwide..
Conclusion
The impressive performance from XDC over both short and long term timeframes showcases its potential as an attractive investment opportunity for those looking for exposure within this burgeoning asset class – especially given its strong fundamentals and growing partnerships which are helping drive further adoption and market sentiment towards this promising project!
