XDC Network has recently seen a notable rise in the cryptocurrency market, including significant price increases and expanding influence in the financial sector.
Current Market Situation of XDC
In the past month, the XDC token has risen over 50%, with nearly 25% of that growth occurring just last week. In a recent video, crypto YouTuber NCashOfficial, who has over 210,000 subscribers, noted that XDC broke above a long-term downtrend that had held it back since February. This movement began in mid-June, leading to a strong weekly candle close above resistance.
Expansion of Institutional Access and Ecosystem
XDC is gaining increasing attention from institutional investors. A new ETP called XDCN is now listed on Euronext Amsterdam and Paris, providing investors with greater access to the network. The XDC Foundation has also confirmed that XDC has become omnichain through integrations with LayerZero and Stargate Finance.
Price Predictions for XDC by 2025
Experts suggest that the price of XDC could rise to $0.90 by 2025 based on its current valuation of $3.42 billion. If a further bullish trend occurs, a 20-fold increase could be anticipated, reaching about $1.80, which would help secure a position in the top ten cryptocurrencies.
XDC Network continues to gain traction in the cryptocurrency market, showcasing both price growth potential and the expansion of its institutional capabilities. It will be interesting to watch further developments and potential new integrations.
