XDC Soars Over 11% as Bitcoin Range Continues

• XDC Network (XDC) is up by more than 11% in the last 24 hours, representing a nearly 100% increase on the monthly timeframe.
• XDC Network forged a strategic partnership with Tokyo-based financial holding company SBI to expand its presence in Japan.
• The price of XDC Network (XDC) stands at $0.060794, reflecting a remarkable 11.6% increase in the past 24 hours and a 90.9% price increase over the last 30 days.

XDC Network Soars Over 11 Percent

The value of XDC Network has surged by more than 11 percent within the past 24 hours, showing an impressive growth rate of nearly 100 percent over the past month. This bullish performance comes as Bitcoin continues to range between $29,000 and $31,000 during this time period.

Partnership With Financial Holding Company Sparks Interest

Interest in XDC has been increasing due to recent partnerships and price increases. In June, XDC Network formed a strategic partnership with SBI Holdings Inc., a financial services company based in Tokyo that aims to expand its presence in Japan – a country known for its growing interest in blockchain technology. This announcement was accompanied by an increased interest from investors that led to an impressive 28 percent jump in the token’s price on the charts shortly after it was announced.

Recent Price Action

As of now, data from CoinGecko shows that the current circulating supply of 14 billion XDC tokens is worth approximately $842 million USD with each token having an individual market value of $0.060794 USD – which reflects an 11.6 percent increase within the last day alone and a 52.81 percent increase over seven days prior to this report being published.. Additionally, over the course of 30 days leading up until today’s date, there has reportedly been an impressive 90.9 percent gain for those who have invested in this asset class since then..

Key Resistance Level Breached

The spike seen within these prices also indicates that key resistance level at $0.045 has been breached thus opening up even further opportunities for expansion given that it is now expected to act as strong support going forward into future market cycles.. What’s more is that there is already talk about another potential resistance level being targeted at around $0.069 giving rise even more possibilities for growth if all goes according to plan..

Conclusion

All things considered, it appears as though there are plenty reasons why investors should be taking note of what’s happening within the world of XCD as it looks like there could be some very interesting developments ahead if all goes according to plan…

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Felix Schulze ist unser Krypto-Enthusiast und Chefredakteur im Team. Der studierte Wirtschaftsinformatiker hat sich schon früh, seit 2017, intensiv mit den technischen Grundlagen von Bitcoin und Blockchain-Anwendungen beschäftigt.

Er betreibt einen der populärsten deutschsprachigen Blogs zu diesen Themen und produziert einen viel gehörten Podcast für Krypto-Fans. Mit seinem enormen Wissensschatz hat Felix sich längst als einer der führenden Experten für die funktionellen und technologischen Details rund um Bitcoin etabliert. Er steuert spannende Hintergrundberichte und Technik-Analysen für unsere Leser bei.