- The XDC price closed the previous day’s close at $0.05981 with a market capitalization of $744.83M and a circulating supply of 12.31B XDC
- The price is following a serious descending trend for a pretty long time which may continue nullifying the possibilities of a flip or rebound
XDC Network Price Analysis: How High Will XDC Crypto Price Go in March 2022?
The XDC price ranged extremely high after consolidating for a couple of days during the first fortnight of the month. The spike in the last week gained more than 20% of the value that faced a rejection closer to $0.06. Currently, the asset is deep-diving into the bearish well with fewer possibilities of a rebound.
Now when the monthly close is on the toes, no specific change in trend may be witnessed. Even if the asset attempts recovery it may only be a short-lived one. And hence the possibility of the asset closing the monthly trade on a bearish note.
XDC Network Price Prediction: Will XDC Price Hit $0.3 in 2022?
XDC, in its early trading days, appeared to be extremely strong with huge bullish momentum. Woefully as it reached its ATH close to $0.2, the bearish trend ignited and shed more than half of the gains adding up to another zero. No doubt, an end for Q1 2022 could be bearish, the market sentiments are expected to ease a little.
And hence with a slightly bullish trend igniting, the XDC price may get back into action very soon. Initially, the asset may try to reach the immediate and strong resistance close to $0.1. Further could range to retest $0.2 levels, however, maintaining a constant uptrend may be a challenge for the asset.
XDC Network Price Analysis: XDC Price Table (Last 07 Days)
|Date||All-Time High||All-Time Low||Market Capitalization|
|29 March 2022||$0.061||$0.059||$741.53M|
|28 March 2022||$0.062||$0.061||$759.99M|
|27 March 2022||$0.061||$0.059||$747.49M|
|26 March 2022||$0.059||$0.057||$722.10M|
|25 March 2022||$0.059||$0.056||$702.53M|
|24 March 2022||$0.057||$0.053||$685.53M|
|23 March 2022||$0.054||$0.059||$659.34M|
XDC Network Price Prediction: XDC Trend Comparison with XTZ (Last 30 Days)
XDC is a popular hybrid blockchain whereas the XTZ is a well know decentralized network backed by a PoS architecture. Both the assets maintained more or less a similar rally for quite a long time. Moreover, the recent spike and drop also carried the same momentum and pace. Therefore, now that both the assets are shedding gains, the monthly close appears bearish below the average levels.
However, at the moment the XDC price is above the average level by 18.47% whereas the XTZ price is above 19.66%. Currently, both the rallies are pointing towards the south and hence a minor pullback may be expected. Further, with a flip, both the rallies may resume with an uptrend.
Correlation of XDC /USDT and XDC /BTC (Last 30 Days)
The XDC network appears to be pretty strong with the USDT trading pair compared to that of BTC. The USDT pair maintain a significant distance ever since the beginning of the present month. And with the recent spike, the BTC pair appears to have bottomed hard comparatively. No doubt the recent plunge has impacted but the USDT pair remains above the average levels by 18.48% while the BTC pair has dropped by 2.31% below these levels.
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
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