Ethereum

Hedera

XDC Network

Bitcoin

<ul> 
 <li><strong>XDC price reached its highest level since January 2022.&nbsp;</strong></li> 
 <li><strong>The XDC token defies market decline and surges 35.54% in a day to reach $0.86.</strong></li> 
</ul> 
<p>Singapore-based <a href="https://thenewscrypto.com/xdc-network-and-solidityscan-forge-powerful-partnership-to-strengthen-blockchain-security/" target="_blank" rel="noopener noreferrer nofollow">XinFin</a> Network native cryptocurrency XDC has witnessed a significant rally for five consecutive days to reach its highest level since January 2022. The token’s price surged more than 300% from its monthly low, hitting an impressive $0.08 from $0.03.</p> 
<p>Despite a 1.88% decline in the global cryptocurrency market, XDC Network shattered its prolonged bearish trend and observed upswings. In contrast, major cryptocurrencies <a href="https://thenewscrypto.com/bitcoin-btc-is-inching-closer-to-30k-whats-next/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) and Ethereum (ETH) experienced drops of 1.68% and 1.27%, respectively.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized"> 
  <img decoding="async" src="https://thenewscrypto.com/wp-content/uploads/2023/08/Top.png" alt="" class="wp-image-80056" width="726" height="215" srcset="https://thenewscrypto.com/wp-content/uploads/2023/08/Top.png 726w, https://thenewscrypto.com/wp-content/uploads/2023/08/Top-300x89.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/08/Top-150x44.png 150w" sizes="(max-width: 726px) 100vw, 726px"> 
  <figcaption class="wp-element-caption">
    Top Gainers List (Source: <a href="https://coinmarketcap.com/gainers-losers/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>) 
  </figcaption> 
 </figure> 
</div> 
<p>However, XDC price climbed over 35.54% in the last 24-hour, propelling its price to the $0.8 mark. Also, the token has dominated the top gainers list in the crypto market, as per CoinMarketCap data.</p> 
<h2 class="wp-block-heading" id="h-xdc-24-hour-price-analysis">XDC 24-Hour Price Analysis</h2> 
<p>At the time of writing, XDC Network traded at $0.86 with a 24 hour trading volume of over $27.9 million, up 37%. The daily chart reveals a strong bullish trend for XDC, with the token surging above the crucial resistance level at $0.065.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" width="1024" height="525" src="https://thenewscrypto.com/wp-content/uploads/2023/08/XDC-Network-1024x525.png" alt="" class="wp-image-80058" srcset="https://thenewscrypto.com/wp-content/uploads/2023/08/XDC-Network-1024x525.png 1024w, https://thenewscrypto.com/wp-content/uploads/2023/08/XDC-Network-300x154.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/08/XDC-Network-768x394.png 768w, https://thenewscrypto.com/wp-content/uploads/2023/08/XDC-Network-150x77.png 150w, https://thenewscrypto.com/wp-content/uploads/2023/08/XDC-Network.png 1306w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    XDC Price Chart (Source: <a href="https://in.tradingview.com/symbols/XDCUST/?exchange=BITFINEX" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a>) 
  </figcaption> 
 </figure> 
</div> 
<p>Further, the XDC price has risen above the 50-day exponential moving average (EMA), signaling an uptrend. Also, the cryptocurrency’s Relative Strength Index (RSI) entered overbought territory at 8.46.</p> 
<p>According to the data, if the token continues its bullish momentum, it will reach the resistance of $0.09. If the trend continues, the price will break through $0.12 and even advance to surpass $0.5. If the bear occupies the trend, XDC price will fall to the $0.5 to $0.4 mark.</p> 
<p>XinFin Network, a hybrid blockchain platform, aims to emerge as a leading alternative to established chains like <a href="https://thenewscrypto.com/will-ethereum-eth-breach-the-2k-mark-soon/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>, Cardano, and Hedera Hashgraph in the blockchain industry. Also, the platform offers support for smart contracts, decentralized applications (DApps), and seamless cross-border transactions.</p> 
<p>Recently, the network made headlines with its participation in an upcoming event in Toronto, Canada, indicating its growing influence and presence in the blockchain industry.</p>

XDC Hits One-Year High, Surges 300% in the Bear Market

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TheNewsCrypto

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