XDC Network Price Prediction | Is the XDC network a good investment?

Companies can create their own subchannels on the XDC network – Photo: Luckymane / Shutterstock

The XDC Network (XDC) is positioned as a blockchain for businesses. After its launch in 2018, its business solutions were recognized by the International Trade and Forfaiting Association (ITFA), and the network has developed a vibrant application ecosystem.

However, the XDC Network (XDC) token has a troubling price history and only managed to take off in the last year.

At the time of writing, there were ambitious price predictions, including Crypto AMB, which suggested that XDC may escape its current downtrend. Others, however, like CaptainAltcoinwere less optimistic.

The XDC Network

The XDC network is a blockchain derived from Ethereum (ETH) and now gives companies the ability to create their own networks. Designed with scalability in mind, the blockchain has joined the many “Ethereum killers” who aim to escape the pitfalls of its inspirer.

It uses a Proof-of-Stake (POS) delegated consensus mechanism that produces blocks more efficiently. As of April 2022, there were 108 master nodes running the network, with an additional 95 nodes ready on standby.

XDC Network boasts on its website that it has enabled it to process over 2,000 transactions per second and keep gas fees miniscule.

Explain the functionalities of blockchains, its Documentation said:

“With interoperable smart contracts, 2,000 transactions per second, and compatibility with the Ethereum virtual machine, the XDC network provides a scalable infrastructure for businesses and independent community contributors.”

Ritesh Kakkad and Atul Khekad are the Singaporean co-founders behind the network. Kakkad previously co-founded cloud hosting company IndSoft Systems in 1998. Khekade earned a degree in computer science from Sardar Patel College of Engineering in India and founded a range of startups, such as private jet service company Airnetz.

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What is an XDC coin?

The XDC token powers network transactions and smart contracts. To become a validator on the network, nodes must hold 10 million XDCs. After completing Know Your Customer (KYC) verifications, they can participate in block generation and earn gas fees.

Investors and businesses are the ones who pay these fees in the native XDC cryptocurrency. The organization has created its own XDCPay application, a web extension that supports Google Chrome and Mozilla Firefox, to facilitate this process.

Decentralized applications (dApps) built on the platform also use XDC as a utility token. These dApps include the financial distribution platform TradeFinex and the Oracle MyContract.

XDC’s difficult past performance

XDC Price Chart

Source: CoinMarketCap

The XDC token has had a rocky start to its price history. It was launched at $0.002 on April 13, 2018 and fluctuated around that launch price for the next three years.

It was not until February 2021 that the cryptocurrency experienced its first breakout. It hit a high of $0.14, after the XDC coin announced a bridge to the Corda Network cryptocurrency. XDC then became the first value symbol on Corda.

XDC moved closer to that high again on July 4 when it hit $0.12. This happened during the period before the token was listed on the BitMart exchange with a tether (USDT) pairing.

The following month, it hit its all-time high of $0.19 on August 21. XDC recently became the first blockchain company to join the TFD global initiative. This was an organization created by the ITFA to improve automation and transparency in the business asset industry.

After this price record, XDC crashed with the crypto bear market. Aside from a slight rally on January 1, 2022 above $0.10, it has continued to decline throughout the new year.

As of August 24, XDC was trading at $0.03, but it managed to maintain its position in the top 100 cryptocurrencies, where CoinMarketCap ranked it 93.

XDC Network Price Prediction

At the time of writing, some bullish XDC price predictions expect the cryptocurrency to see a steady rise. TechNewsLeader said it would have reached $0.08 in one year and a new high of $0.26 in five years. Its XDC Network price prediction for 2030 gave an optimistic maximum value of $1.12.

Similarly, the XDC coin price prediction of Crypto AMB estimated an average price of $0.07 this year. Its XDC/USD forecast suggests that the pair could break above $0.30 in 2026 and reach $1.19 in 2030.

Price prediction, conversely, believed that XDC would have only averaged $0.03 this year. But its XDC Network price prediction for 2025 suggested that the token could reach $0.12 and surpass $1 in 2031.

CaptainAltcoin, more pessimistic, predicted a more gradual rise, with an XDC Network price prediction for 2022 suggesting it would have fallen to $0.01 by December. The site suggested that the coin could have rallied to $0.02 in 2025, while its XDC token price prediction for 2040 indicated that it would have only reached $0.20.

When reviewing an XDC crypto price prediction, it is important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what the price of an XDC will be. coin or token in a few hours, and even more difficult to give long-term estimates. . As such, algorithm-based analysts and forecasters can and do get it wrong in their predictions.

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Read the latest market trends, news, technical and fundamental analysis and expert opinions before making any investment decisions. Keep in mind that past performance does not guarantee future returns. Never trade with money that you cannot afford to lose.

FAQs

How many XDC coins are there?

As of August 24, 12.31 billion XDCs were in circulation.

Is XDC Network a good investment?

XDC Network was designed to support businesses in their blockchain endeavors. The XDC cryptocurrency funds this process, rather than as a speculative instrument.

In volatile cryptocurrency markets, it’s important to do your own research on a coin or token to determine if it’s a good fit for your investment portfolio. Whether the XDC token is a suitable investment for you depends on your risk tolerance and the amount you intend to invest, among other factors. Keep in mind that past performance does not guarantee future returns. Never invest money that you cannot afford to lose.

Will the XDC network grow or shrink?

There were optimistic forecasts (as of August 24) suggesting that XDC could see a steady increase, including Price prediction which suggested that it would have exceeded $1 in 2031. However, CaptainAltcoin expects a pullback to $0.01 this year.

In volatile cryptocurrency markets, it’s important to do your own research on a coin or token to determine if it’s a good fit for your investment portfolio. Whether the XDC network is the right investment for you depends on your risk tolerance and the amount you intend to invest, among other factors. Keep in mind that past performance does not guarantee future returns. Never invest money that you cannot afford to lose.

Should I invest in XDC Network?

XDC has struggled with the crypto bear market this year, which has seen the token lose more than 80% since its peak in August 2021.

Whether you should invest in XDC is a question you will have to answer for yourself. Before doing so, however, you should do your own research and never invest more money than you can afford to lose, as prices can go down as well as up.

Further reading:

Pi network logo displayed on a smartphone
Illustration of the cosmos