Token

XDC Network

<div class="coingape"> 
 <h2 id="can-xdc-token-reach-1">Can XDC Token Reach $1?</h2> 
 <p>Despite the already remarkable 38% price increase the previous week, the <a rel="noopener noreferrer nofollow" title="XDC" href="https://thebittimes.com/tag/xdc.html">XDC</a> coin has maintained its bullish tenacity with four straight days of positive price movement. Investors should exercise caution, though. The coin may be overbought now, as the Relative Strength Index (RSI) has increased to 82.46 from 76.40 just one day ago. Cryptocurrencies can stay overbought for a long time in strong uptrends, which could trigger a quick fall.</p>  
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 <p>After hitting a peak of $0.050 early this year, the coin has fluctuated periodically upward and downward. <a rel="noopener noreferrer nofollow" title="XDC" href="https://thebittimes.com/tag/xdc.html">XDC</a> might retest its 2023 peak with an additional 10% increase. The token’s value would need to increase by nearly 24 times to reach the estimated target price of $1, which represents a huge potential for growth and a lucrative opportunity for investors seeking high profits.</p> 
 <p><img decoding="async" class="aligncenter size-full wp-image-155837" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201037%20490'%3E%3C/svg%3E" alt="XDC Chart" width="1037" height="490" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/03/2b3403198e5ee7e1482f659318d97be2.webp"> 
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 <p>Expressing his views on the ongoing trend, Lawyer and Analyst Bill Morgan tweeted, “And <a rel="noopener noreferrer nofollow" title="XDC" href="https://thebittimes.com/tag/xdc.html">XDC</a> did not even need legal clarity or a favorable legal decision. 135% increase over the last month. Another 14% just today.”</p>  
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 <p>Also Read: New Backup Pool Solution: A Remedy For CRV Liquidation Crisis?</p> 
 <h2 id="why-is-xdc-bullish">Why Is XDC Bullish?</h2> 
 <p>Analysts attribute this rapid growth to factors such as the <a rel="noopener noreferrer nofollow" title="XDC" href="https://thebittimes.com/tag/xdc.html">XDC</a> Network’s recent high-profile collaborations and strategic launches. Among them are the Authenticity Guarantee for streetwear on eBay using the <a rel="noopener noreferrer nofollow" title="XDC" href="https://thebittimes.com/tag/xdc.html">XDC</a> Network, the integration with Chainlink’s Oracle network, and a fruitful collaboration with R3 Corda aimed at interoperability.</p> 
 <p>Furthermore, the users of the <a rel="noopener noreferrer nofollow" title="XDC" href="https://thebittimes.com/tag/xdc.html">XDC</a> Network are abuzz about an upcoming event that promises to showcase cutting-edge products and host powerful business figures. This expectation is in line with the token’s rising value and the blockchain project’s sponsorship of WebX 2023 by SBI VC Trade, a Japanese cryptocurrency trading firm.</p> 
 <p>Also Read: Dogecoin Price Volatility Looms: Will Elon Musk’s X Send DOGE To $1?</p> 
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XDC Is Bullish Over A Month, Will The Upward Trajectory Continue To Reach $1?

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