XDC Coin Price Up 0.8% – Time To Buy XDC Coin?

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eXchange inFinite (XinFin) is a fast-growing delegated proof-of-stake (dPoS) that allows different blockchains to transfer value seamlessly. Given that PoS protocols are gaining traction, you need the right data in order to buy XDC.

Focusing mainly on creating an enterprise-ready blockchain protocol, the XinFin Network was founded in 2017 to address the inefficiencies in global trade and finance.

Even though the XDC has not hit the $1 mark since launch, it is still a crypto to consider, due to its faster transaction time and global relevance.

XDC has rallied in the last 24 hours and looks set for an uptrend. Let’s see if this is a great opportunity to buy XDC.

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XDC Coin: Ripple Labs’ Competition

XinFin Network price chart June 26 buy XDC

Starting off, XinFin is similar to San Francisco-based blockchain company Ripple Labs. Both companies serve enterprise businesses and facilitate faster cross-border payments.

The differences arise from their method of achieving this aim. While Ripple relies on its Ripple Protocol Consensus Algorithm (RPCA) to verify transactions, the XinFin Network uses a delegated PoS protocol in terms XDPOS.

According to the development team, the XinFin blockchain platform is focused on international trade and finance and seeks to use its highly scalable, secure, permissioned, and commercial grade blockchain architecture to address the inefficiencies of global trade and finance. Powered by the XDC protocol, XinFin uses a one-of-a-kind Hybrid Blockchain architecture to enable Block Finality and interoperability between different protocols.

The XDC protocol supports industry-standard systems like smart contracts layer, know-your-customer (KYC), anti-money laundering (AML) layers and ensures price stability by hedging its pool for popular large-cap cryptocurrencies like Bitcoin, Litecoin, XRP, and others on its trading platform.

XinFin utilizes the financial messaging standard ISO20022 to ensure compatibility between its hybrid blockchain architecture and legacy-facing business institutions.

This way firms and governments can easily transition their centralized mode of settling accounts into a more robust decentralized network.

XinFin is also EVM compatible, making it easy for developers to integrate Ethereum smart contracts with little to no modifications.
The hybrid has enjoyed institutional adoption as over 100 institutions and several individuals run validator nodes on its relay bridges.

XinFin boasts of higher transactions per speed (2,000 TPS) and describes itself as the third generation of blockchain technology. It has launched a set of stablecoins SGDg and EURg and has plans to build more partnerships, integrate its R3 Cordite and enable multi-signature capabilities on its platform.

What is XDC Price?

If you are looking for the next big-time crypto protocol to buy, then you should buy XDC. At press time, XDC trades at $0.05574 increasing 0.836 percent on the daily trading chart. However, XDC has experienced volatility like the rest of the crypto market and has lost more than 40% of its value in the last few weeks.

Coming into the year at $0.004757, XDC has seen five-fold growth surging to $0.1207 on April 16th. However, it could not retain its all-time high (ATH) for long and subsequently saw its value dip during the May crypto market crash.

Even though it has struggled to break above the $0.07022 resistance zone, XDC is set for a rally and has continued to post positive price action as the market tries to find its feet.

However, altcoins like XDC are bound to BTC’s price performance and you will need to monitor the top premier digital asset if you intend to buy XDC.

XDC Technical And Fundamental Analysis

On the trading chart, XDC has strong fundamentals. The digital asset may not have hit its previous ATH but, it’s clearly indicating an upward trajectory. Its relative strength index (RSI) currently stands at 45.52, indicating it is above the oversold margin and below the oversold status. This is a good point to buy XDC in order to rise with the market.

The Market Cipher B strategy points to a bullish run with a green dot indicating a good time to buy. The wolfpack ID strategy confirms this also denoting a green trend line indicating a bull market.

However, XDC trades below the 20-day moving average (MA) support at $0.0547. If it breaks above this resistance zone, it could trade above the $0.06 level before the weekend ends.

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About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.