XDC Price Analysis August 2022

XDC is a token of the platform XDC Network. Its current price is around $0.03083 by the time of writing, with a low of $0.02236, and has a market cap of 379 million dollars.

What is XDC Network?

The XDC Foundation provides support, collaboration, and development efforts for the XDC Network. This community of developers and experts comes from diverse backgrounds to form a dynamic ecosystem.

XDC is looking for ways to support contractors using the XDC blockchain-based data storage solution to exchange data and assets more smoothly.

The XDC protocol is a distributed ledger that stores the file’s metadata, such as the name, size, hash value, timestamp, and location of files in the network. These metadata are saved on XDC’s blockchain.

The platform then uses this metadata to store data blocks in a distributed manner. As a result, the XDPoS mechanism can process transactions rapidly and provide block finality. It also has features that allow it to work well with other blockchains.

What is XDC?

XDC is the coin of the XDC Network platform, which is around $0.03083 by the time of writing, with a low of $0.02236. It reached a high of $0.1883, and its current ranking is #93 according to CoinMarketCap, with a market cap of 379 million dollars.

The XDC is the native coin of XDC Network, a hybrid blockchain that uses the delegated proof-of-stake consensus mechanism.

XDC Coin Market Analysis 

XDC has a total supply of 37,705,012,699 coins worth around $0.03083 with a market volume of 6 million dollars, whereas the market capitalization is 379 million dollars at writing. 

XDC Price Prediction

The XDC network is a healthy project with good potential rewards. This makes it favorable for long-term investments and maybe even to hold on to it as one of your top Altcoins.

On the 1D timeframe, the price action of $XDC/USDT is rejected from the strong horizontal resistance zone. Currently, it is working above the horizontal support zone. If it breaks the support zone, then it can go further downwards.

For any time, on-demand analysis on $XDC or any other coin can join our Telegram channel.

Xdc Price Chart August 2022
XDC Price Chart August 2022

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

Pratyaksh
Pratyaksh

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