XDC Shows Impressive Growth, Potentially Pumping 50%
If you’ve been keeping an eye on XDC, you’ll notice that it has seen a significant increase in value recently. In just 14 days, the price of XDC has risen by 10%, and in the last 24 hours alone, it has shown bullish sentiment with a 6% increase. With the overall recovery of the crypto market and the possibility of an ETF approval, XDC, along with other digital assets, could potentially see a pump of 50%. This is good news for XDC holders and investors.
Tokenized U.S. Treasuries Launched on XDC Network
A major development for XDC is the introduction of tokenized U.S. Treasuries on the XDC Network. Securitize announced the launch of USTY tokens, representing ownership in a U.S. Treasury bond ETF. These tokens can be obtained through Tradeteq’s platform, which is a marketplace for real-world assets and private debts. Tokenizing assets like government bonds has the potential to create a $5 trillion market. This move further establishes the XDC Network as a reliable platform for tokenizing real-world assets.
XDC Price Analysis and Market Position
The price of XDC has experienced a bullish trend recently, reaching a month high of $0.09092 on August 3. However, the rally has stalled, and XDC is currently trading below the 50-day Simple Moving Average (SMA), indicating a short period of downward price movement. Despite this, it remains above the 200-day SMA, suggesting a broader positive trend over a longer timeframe. There is potential for an upward shift if XDC breaches the 50-day SMA and the Moving Average Convergence Divergence (MACD) indicates a change in momentum.
XDC Oscillates Between Support and Resistance Levels
On the daily chart, XDC is trading between the primary support level at $0.053 and the resistance level at $0.0673. The coin may continue to drop before investors start buying and trigger an upswing towards the resistance level. If successful, XDC could set new highs in the long term. However, if it fails to find support, it may drop further to $0.0497. Investors should consider other options like $BTCBSC due to the uncertainty in the XDC market.
BTCBSC Offers Passive Income Through Staking
Bitcoin BSC ($BTCBSC) is a newly launched cryptocurrency venture that has initiated its token presale. It differentiates itself from competitors by offering an eco-friendly staking strategy and a diverse ecosystem for dApp integration. Utilizing a Proof-of-Stake (PoS) consensus mechanism, $BTCBSC’s staking feature provides a more sustainable alternative to Bitcoin’s energy-intensive Proof-of-Work (PoW) mechanism. Staking $BTCBSC tokens allows users to earn rewards with each confirmed block on the Bitcoin blockchain. The presale has raised over $222,000, and interested users can participate by visiting the presale website.
Hot Take
XDC has shown impressive growth recently and has the potential to pump by 50%. The introduction of tokenized U.S. Treasuries on the XDC Network further establishes its reputation as a reliable platform for real-world asset tokenization. While XDC’s price has experienced a bullish trend, it currently faces a short period of downward price movement. However, there is potential for an upward shift if it breaches the 50-day SMA. In the meantime, investors may want to consider other options like $BTCBSC, which offers passive income through staking and a diverse ecosystem for dApp integration.
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