Top Gainer of the Day: XDC Network (XDC)
- A transaction on the XDC Network costs roughly $0.00001 on average.
- Xinfin Digital Contract is the abbreviation for XDC.
A surge in demand for XDC tokens is driving the price of the XDC Network up. In the last 24 hours, the coin has gained 32 percent in value. Since the beginning of the month, its price has risen 42% from its lowest point. Its market value has risen to $1.1 billion as a result of this surge. According to CoinMarketCap, the price is currently trading at $0.09612.
Xinfin Digital Contract is the abbreviation for XDC. The Xinfin blockchain network’s native token is the Xinfin coin. As a result, it is possible to integrate the advantages of both public and private networks in this system. Private networks may be built on top of the public network, allowing scalability and efficiency.
Energy-efficient and Faster
Unlike most existing systems, this is a proof of stake network that is far more energy-efficient and faster. When it comes to transaction processing speed, it is substantially quicker than Bitcoin and Ethereum. Still, networks like Kadena and Near Protocol are substantially quicker.
A transaction on the XDC Network costs roughly $0.00001 on average. It takes less than two seconds for a transaction to be verified. The XDC price hit an all-time high of $0.20 in August this year, according to the daily chart. Since then, it has gone down by more than half. The coin has carved out a downward path in the image, highlighted in black.
In the wake of today’s rally, prices have climbed to the top reaches of the trading range. While the Relative Strength Index (RSI) has increased marginally, it has also climbed slightly over the 25-day moving average.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
