- XDC experiences a remarkable 64% surge in just one week.
- Strategic partnerships and trade finance fuel XDC Network’s bullish rally.
In the fast-paced world of cryptocurrencies, XDC Network has emerged as a powerhouse, exhibiting a display of bullish momentum. Over the past week alone, the digital token for the open-source Hybrid Blockchain XDC Network has skyrocketed by an astonishing 64%, captivating traders and investors alike.
Zooming out to 30 days, it surged an astounding 93%, transforming its value from a modest $0.03137 to a robust bullish rebound high of $0.0588. As a result, it earned a coveted spot in the top 50 on CoinMarketCap, solidifying its position as a significant player in the cryptocurrency market.
XDC Price Chart, Source: TradingView
What is Behind XDC Network(XDC) Bull Rally?
Recent legislative support in the UK Parliament aimed at fostering blockchain adoption and digital assets has provided an extra boost to XDC’s growth. Additionally, esteemed institutions like ICC, WTO, and Citi Group, have taken notice of the network’s potential in the TradeFi sector. Attributing to the fact that the company is the first blockchain entity to join the Global TFD Initiative.
Further, The strategic partnership with SBI, a prominent Japanese financial institution, has been instrumental in propelling XDC’s surge. It also expanded the Network’s user base in the Japanese market, especially in the crucial hub of international trade.
Although the trading volume currently reflects a slight decline of 18.05%, experts anticipate a resurgence soon. At the time of writing, XDC Network’s price stands at $0.06113, experiencing a notable surge of 12.47% in the last 24 hours. With its unparalleled growth, XDC Network is expected to maintain a strong bullish momentum.
Do you think the ongoing bull run of XDC is a temporary surge or a sustainable long-term trend? Tweet us @The_NewsCrypto and let us know your thoughts.
