Bitrue Temporarily Halts XDC Trading Amid Significant Demand and Depleted Supply
- With a 210% gain in the last 30 days, XDC price skyrocketed to $0.102.
- This decision followed the exchange running out of XDC supply, unable to meet a flood of buy orders.
Due to a shocking demand, Bitrue, a prominent cryptocurrency exchange, has temporarily stopped trading for XDC token pairings. This decision followed the exchange running out of XDC supply, unable to meet a flood of previously unheard-of buy orders.
With a 20% increase in the last day, XDC Network (XDC) is the lead gainer, garnering investors attention. With a 210% gain in the last 30 days, XDC price skyrocketed to $0.102. The daily trading volume of the token also increased significantly, hitting $82.76 million, a 62.30% increase.
XDC has been witnessing a bullish momentum for quite some time now. Which is a direct result of the news of a collaboration between the XDC Network and ArchaX platform to concentrate on RWA tokenization and development. The United Kingdoms Financial Conduct Authority (FCA) oversees ArchaX, which is a digital securities exchange platform. The recent price increase also coincides with Bitcoins price reclaiming the $100,000 level after Novembers US CPI data of 2.7%.
Piqued Further Curiosity Among New Investors
Native to the XDC Network, the XDC token has been on an upward path driven by its unique blockchain features and robust use cases in trade finance and real-world asset (RWA) tokenization. Drawn by its low fees, quick transactions, and institutional collaborations, investors have raced to get the token, hence driving demand to unprecedented levels.
In an official statement, Bitrue linked the suspension to a need to stabilize the market and restore liquidity. This step guarantees the integrity of trading and safeguards users from volatility due to inadequate supply, the exchange said.
The fact that XDC is a versatile blockchain platform adds to its increasing attraction. Its fit with Ethereum Virtual Machine (EVM) and alliances with big companies like SBI Japan, Dutch Telecom, and Securtize have shown its preferred value for long-term investors.
Moreover, its aggressive participation in tokenizing RWAs such as gold and real estate has made it a cornerstone for portfolio diversification in the cryptocurrency market.
Although the temporary trading stop draws attention to the tokens explosive appeal, it has also piqued further curiosity among new investors ready to seize its possibilities. Bitrue has advised consumers to be patient during this temporary disruption as trading will start as soon as liquidity is restored. The XDC Networks prominence in the crypto market is projected to keep rising as it grows its ecosystem and alliances.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
