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- XDC Network is projected to rank among the top 10 blockchain networks by 2025.
- The platform has seen a notable increase in transactions.
- The price of the XDC token has decreased over the last 24 hours.
Harley Hermanson, Director of Elit Web3 Solutions, has expressed his belief that the network could be one of the leading blockchain networks by 2025. This potential is attributed to the network’s emphasis on interoperability and scalability, which are essential factors for success in the blockchain sector.
XDC is a blockchain network that has been gaining traction in recent years. With its emphasis on interoperability and scalability, #XDC is set to be one of the top 10 networks by 2025.
pic.twitter.com/npTEdsLTQB
— Harley Hermanson (@gl0geta) April 19, 2023
pic.twitter.com/npTEdsLTQBRecently, the XDC Network has witnessed a rise in transactions within the cryptocurrency market. Numerous developers are drawn to the XDC Network as an Ethereum scaling solution for their decentralized applications (Dapps). A significant milestone was the recent collaboration between XDC Network and Civic Pass, making XDC Network the first Ethereum Virtual Machine (EVM) chain to implement Civic Pass Uniqueness.
The strategic growth of XDC Network into Asian and European markets is also contributing to its swift expansion. These regions are anticipated to serve as major drivers for blockchain adoption in the near future. Meanwhile, XDC’s robust presence in these areas is positioning the network favorably for success.
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In the last 24 hours, the native token of XDC Network, XDC, has seen a price drop of 1.35%. The market sentiment has been negative, and this trend is expected to persist in the upcoming hours. Additionally, the trading volume has decreased to $5,245,128, reflecting a decline of 10.42%. This also suggests a potential continuation of the bearish sentiment in the market.
XDC Technical Indicators
Recent 4-hour technical analysis indicates that the XDC token is currently experiencing bearish sentiment. The Relative Strength Index (RSI) line is positioned below its signal line, which may present an opportunity for traders to purchase the dip and accumulate XDC tokens at a reduced price.
The Moving Average Convergence Divergence (MACD) line indicates that the negative sentiment in the XDC network market is being reinforced, suggesting that the price of XDC may continue to decline in the forthcoming hours. This is further corroborated by the formation of a histogram trajectory in the negative zone.
XDC/USD 4 hour price chart (source: TradingView)
Despite the recent downturn in the price of XDC, Harley Hermanson, director of Elit Web3 Solutions, maintains a positive outlook regarding the network’s potential for success within the blockchain industry.
