Have you heard it said, “Not every utility is as resistant as $XDC. You can’t compare XDC to others.” The XDC token is the underlying utility token of the XinFin hybrid blockchain. XinFin, an EVM compatible, proof-of-stake powered smart contract blockchain, is one of the platforms leading the charge on high-efficiency platforms. The XDC token acts as a settlement mechanism for dApps built on the XinFin hybrid blockchain.
Today’s XDC Network price is $0.031295 with a 24-hour trading volume of $8,552,191. XDC Network is down 0.43% in the last 24 hours. The current CoinMarketCap ranking is #80, with a live market cap of $385,088,885 USD. It has a circulating supply of 12,305,012,699 XDC coins and a maximum supply of 37,705,020,774.
Let us dive into the background of the XDC coin before moving on to XDC price prediction to know whether to include it in your crypto portfolio or just to know the price movements of native coins in the blockchain space.
What is XDC Network?
Xinfin Digital Contract (XDC), is the native currency of the Exchange Infinite (Xin Fin) platform. Xin fin is a hybrid blockchain protocol capable of switching between public and private modes with the capability of coding for smart contracts.
Xinfin organization based in Singapore identifies itself as an NGO that works with governments and institutions to bridge the gap in global infrastructure. Using the Xinfin blockchain network, interested bidders can easily work with the government to finance projects or deliver on tenders. The blockchain assures fast settlement by getting rid of middlemen and other paperwork that may otherwise delay the project.
Xin fin runs on a delegated proof of stake (POS) consensus algorithm that verifies transactions before setting them into blocks. POS algorithms are known for their high energy efficiency when compared to Proof of Work (POW). The POS algorithm is delegated in that the Sin fin community votes or delegates their XDC tokens to master nodes who then assume the role of verifying transactions. All master nodes are KYC compliant making it easier to work with regulation and centralized financial institutions. Users running master nodes are required to commit 10,000,000 XDC. The XDC acts as leverage for misbehaving or downtime. Masternodes that misbehave have their committed XDC slashed or omitted from the protocol altogether. Users who stake on these master nodes also have their stakes affected.
XDC is a deflationary token. What this means is that the total supply of XDC is continuously dropping, enabled by token burns. Token burn means that tokens are sent to a wallet address in which they can never be recovered. Token burns increase the value of the coins that reduce supply.
The table above shows how Xinfin compares to Bitcoin and Ethereum.
XDC also has an Erc20 token XDCe pegged at a 1:1 ratio. XDCe was meant to leverage the Ethereum ecosystem and help with interoperability. Exchange Infinity is however on track to phase out the token. XDCe holders are expected to be AML/KYC compliant to swap for XDC.
Exchange Infinity has a Sandbox program for developers willing to build in the Xinfin protocol. Startups and freelancers can also apply to the program for community promotion, and technical and financial support.
The three co-founders of the platform, Atul Khekade, Ritesh Kakkad, and Karan Bhardwaj, all have long storied histories in the blockchain ecosystem. Notably, Khekade is an experienced software programmer credited with founding several other tech firms and funding the XDC-powered Blockdegree education platform. Ritesh Kakkad is a serial entrepreneur with multiple ventures in the digital space. Bhardwaj, on the other hand, left the company in 2018 to pursue his own startup, Elatior Tech.
XDC Price History
Xin fin protocol was created in early 2017. During the period Xinfin held its ICO and had its first listing on alphaex.net in Q4. The organization raised $15M from its ICO which signaled good market reception. The team opened sales on KoinOK, Bancor, Etherflyer, Alphaex and Forkdelta at 20% above the token contribution price.
Coinmarketcap recorded the first XDC price at $0.0036 in April 2018. XDC performed poorly until May 2020 when the price broke above the opening price.
XDC registered its all-time low on 20th June 2019 at $0.0001571. XDC began experiencing real price action in 2021 shortly after Exchange Infinity began swapping ERC20 XDCe for XDC in a 1:1 ratio. XDC experienced high price momentum in 2021 with the highest trade volumes recorded during the period. This saw XDC reach its all-time high on 21st August 2021 at $0.1939. Market volatility saw the value of XDC start dropping as we moved into 2022.
XDC.NFT launched earlier this year in 2022, this helped XDC token sell at its highest price for the year at $0.098.
In the last three months, the price of XDC averaged below $0.062 experiencing the lowest prices between March and May.
In the last 30 days, XDC traded between $0.06187 and $0.05298.
XDC price has been a bit bearish in the last 1 week, this might be attributed to the sentiment of the entire cryptocurrency market which has seen altcoins trading lower this week.
XinFin Digital Contract is traded on 22 exchanges, with the top exchanges being Gate.io ($3.48M), KuCoin ($2.34M), and Digifinex ($1.58M). XinFin Digital Contract had an all-time high of $0.183422 9 months ago. Over the last day, XinFin Digital Contract has had 0% transparent volume and has been trading on 92 active markets with its highest volume trading pairs being USDT ($7.67M), BTC ($316,975), and ETH ($296,491).
XDC Network Applications
XDC Network enables enterprises to easily share public verifiable information while at the same time using the same protocol to hide private and sensitive customer information. Blockchain openness helps get rid of middlemen by connecting beneficiaries and financiers. This lowers the entry bar for low-income communities by easing the application and delivery process. Tradefinex by XDC network is a P2P decentralized platform that enables financiers to connect and complete deals with beneficiaries.
The Xin Fin network is ISO 20022 certified. This means that enterprises can easily connect to the platform’s messaging feature through the XDC protocol. The blockchain network helps get rid of the single point of failure in centralized platforms to a distributed ledger system. Examples of enterprises that can integrate into this feature include SWIFT, IFX, OAGi, TWIST, Bank proprietary, EDIFACT, RosettaNet, and FpML.
Centralized vs decentralized and distributed systems
The XDC token can also be used as a payment platform. Its wallet is accessible on the Exchange Infinity network. It leverages the best POS blockchain systems ensuring <$0.00001 transaction fees and completed in seconds with finality. Its distributed ledger makes it easy to track transactions. Other dAPPS built around XDC include Kramaa, Land registry, Turant Pay, Block degree and iFactor.
XDC is the native coin of Exchange Infinity and serves several functions, these include:
- Funding the development of Exchange Infinity and its applications such as Xinfin Web wallet, Xinfin scan, etc.
- An incentive for the Xinfin sandbox.
- XDC for decentralized governance. The community stake their XDC to vote for changes or updates to the Xinfin protocol.
Some use cases built on the XDC network
- XDSea is the first of its kind decentralized NFT marketplace. The platform is built on the XDC protocol.
- PlugIn is an oracle with a distributed ledger that ensures users get up to date data.
- Ledgercount is a decentralized electronic mail platform powered by Pingala software. Emails are sent and verified like blockchain transactions.
- Xswap XRC20 decentralized exchange. The platform aims to rival Pancakeswap and Uniswap as developers create more tokens on the XRC blockchain.
- Tradefinex trading platform for financiers and beneficiaries.
- Travala travel and booking platform with over 2.2M destinations.
- Other projects in the pipeline include Metabloqs metaverse, Eurostasis (a Euro stable coin), and In factor, an invoicing platform.
Where to buy XDC coins
You may buy XDC coins on Bitfinex, Bitrue, Homiex, Stex, Hotbit, and Mercatox. You can’t buy some from two of the largest crypto exchanges, Binance and Coinbase.
XDC Technical Analysis
Looking at the current price chart of XDC, the cryptocurrency is showing sufficient strength to break and flip a significant resistance level. The cryptocurrency market is clouded with a general bearish feel at the moment; however, there is an anticipation that the bear market won’t last long. According to the XDC price chart, the cryptocurrency hasn’t gained its significant resistance level; however, it is set up to do so in the next couple of days. Similarly, the XDC trend line hasn’t retested its highest low in the downtrend, which is equally significant in determining the future trajectory of the trend line. As per these analyses, XDC network price prediction for 2022 and beyond is likely bullish.
XDC Price Predictions 2022 – 2031
XDC network price predictions from 2022 to 2031 generally appear to be bullish. Price forecasts are essentially performed as a result of careful analysis of the present and past data available on the price of a specific crypto coin. In our case, the XDC network price prognosis is massively dependent on the current price of XDC and the past recorded trading prices. In 2022, the changes expected for the XDC coin’s future price are minimal; however, speculations indicate that significant gains can be recorded in subsequent years. According to the price predictions, the highest expected value of XDC coin in the market by 2031 is $1.79, which is a massive percentage gain considering its current market value.
Wallet investor terms the XDC coin and the XDC network as a bad short-term investment in the crypto market. Based on their careful analysis of the token’s current momentum as well as historical data, the cryptocurrency doesn’t appear to be a promising investment within the next year at least. Their findings indicate that the XDC coin will continue to drop value, trading at much lower prices a year from the time of this writing. According to their forecasts for XDC, a detailed one-year forecast indicates that XDC tokens will be trading at an average price of $0.00201, essentially a significant drop from its current price. The above prediction suggests that if you invest in the XDC token today, your investment may devalue within the one year.
Contrary to the price predictions made by Wallet Investor, PricePrediction.net predicts a somewhat optimistic trend for the XDC network. The projections steadily rise from 2022 to 2031, indicating a smooth ride for both short and long-term crypto holders. However, they mention that their forecast results are just estimates and should not be taken as the gospel truth. Based on technical analysis of the trend line on the XDC price chart, PricePrediction.net reveals that the XDC token could hit the $1 mark by 2030. Essentially, according to their predictions, the XinFin network price forecast could attain a minimum and maximum value of $1.48 and $1.79 by the end of 2031.
Cryptopolitan takes a careful approach when making price predictions for different crypto coins. The technical analysis techniques involved include extensive trend analysis using moving averages and oscillators. The general findings indicate that XDC Network will continue to increase value, ensuring a continuous demand for XDC tokens. Therefore, a general upward trend is expected on the XDC price chart despite the anticipated market volatility within the cryptocurrency market. Per the forecasts, the XDC coin could trade at an average price of $0.083 by 2023. By 2031, we expect the average price of XDC to be $1.52. Below is a concise breakdown of the predicted price of XDC by year from 2022 to 2031.
XDC Price Prediction 2022
The XDC Price prediction 2022 for XDC shows a slow gain in momentum after the current downward trend. As per the analysis, the XDC network volume is expected to increase, leading to a slight increase in demand for the XDC tokens. As per the Cryptopolitan prediction, XDC could record a maximum market price of $0.066 by December 2022.
XDC Price Prediction 2023
The XDC Price prediction 2023 also looks bullish for the XDC network and the XDC coin. The projections indicate a relatively slow growth during the year; however, the overall trend is bullish. The price predictions in 2023 show that the expected minimum price of the XDC token by the end of 2023 is $0.081, while the highest expected price is $0.097.
XDC Price Prediction 2024
In 2024, the Xinfin network price prediction remains optimistic. The technical analysis indicates that the cryptocurrency will continue to be on-demand, as shown in the trend analysis of the XDC price chart. The predictions reveal that the XDC token could average a crypto market price of $0.12 in 2024. The coin could rise to higher highs of $0.14 by December 2024.
XDC Price Prediction 2025
The XDC coin price forecast for 2025 appears to be bullish; however, we anticipate a slight drop in the growth rate, characterized by high market volatility. Several price fluctuations are expected during this year; however, the overall trend remains upward. As per the predictions, the average price of the XDC network price prediction coin is expected to range between $0.16 and $0.19.
XDC Price Prediction 2026
The XDC price chart in 2026 appears to test new highs as it attempts to break established resistance levels in the past. However, further simulations based on the available price data show that it struggles for a while but eventually breaks through to new higher prices. As per the discoveries and predictions, in 2026, the XDC network price prediction shows a maximum price of $0.27. The predicted average price for the year is $0.25.
XDC Price Prediction 2027
In 2027, the XDC price prediction results appear to grow from the figures realized in the 2026 prediction steadily. The analysis indicates that the XDC coin will begin to grow exponentially at this point, recording significant price gains over the next few years. Based on the findings, Cryptopolitan established that the expected average XDC token price in 2027 is $0.35, while the maximum price level is predicted to be $0.42.
XDC Price Prediction 2028
The XDC network price prediction continues to grow exponentially in 2028, showing significant growth margins. The growth is possible due to the projected increase in usage of the XDC token, alongside the general acceptance of cryptocurrencies worldwide. The predictions depict a price increase, placing the maximum forecasted price of XDC in 2028 at $0.60.
XDC Price Prediction 2029
The XDC price in 2029, according to the XDC price prediction, indicates a minor drop in the exponential growth rate. The general trend is projected to be positive; however, the growth rates are estimated to be much slower than in 2028. Due to these findings from the predicted trend lines, the XDC coin could register a minimum market price of $0.74 in 2029 while averaging a trading price of $0.76.
XDC Price Prediction 2030
The XDC price prediction 2030 shows a continuation in the growth of its trading price through the year, recording fluctuations from time to time. The prediction shows minimal signs of a looming bear market; however, investors need to be cautious. According to the price chart analysis of XDC, the expected future price of the XDC coin by the end of 2030 averages $1.07, making it the first year that XDC is expected to record market prices above the $1 mark.
XDC Price Prediction 2031
In 2031, the price of the XDC token is surprisingly moving up despite the looming signs of a retrace shown in 2030. According to the price prediction findings, the estimated future price of XDC in 2031 ranges from $1.49 to $1.80.
XDC Price Predictions by Industry Influencers
The price of XDC is massively dependent on the intrinsic value of the XDC network. According to crypto enthusiasts and influencers, the comprehensive nature of the Network gives it a significant boost that allows it to grow exponentially in the future. Optimistic influencers praise the framework, positioning it as one of the potential high-gain Alts for the upcoming bull market, as demonstrated in the Tweet below.
Cryptocurrencies often surface and resurface, and some disappear over time, costing crypto investors valuable investment money. Recently, the Luna token plummeted, losing nearly all its value. Although it is impossible to predict the next rug pull, it is essential that crypto enthusiasts invest in crypto projects with slid projects and a strong community. The XDC network is a solid project with a healthy growth rate and impressive prospects for good investment returns, in the long run, making it one of the favorable Altcoins for long-term holding.
Plenty of cryptos has emerged over the past few years attempting to replace legacy technologies and global payment systems. Using hybrid blockchains, which fuse private and public chains, XDC is on a mission to integrate these technological developments into the world of global business and finance. While the XDC coin has not performed that badly this year, experts are bearish in regard to the XDC token. The coin has experienced significant volatility and it is important to note that cryptocurrencies are highly volatile assets.
We see much promise in the coin’s future as it fuels cross-border or domestic approved payments networks. Financial institutions can gain access to this layer to approve payments. Furthermore, the interoperability of the system with the emerging global standard for payments messaging, ISO 20022, makes it more developer-friendly.
Practical definition, XDC is a NETWORK (like Ethereum) that offers SMEs (small to medium enterprises) a financial platform in which to run their business. Instead of using archaic banking practices that don’t properly store information or have slow bureaucratic processes. SMEs can now use XDC which will log every financial action that is taken via their business on the blockchain which will ensure security BUT also will automate a ton of financial processes that will make it seamless and easy to use.
One compelling use is putting the world’s largest port in Singapore onto the XDC network to do all their finances and books. This will stop any corruption in its tracks due to everything being logged onto the blockchain. Think of XDC as a platform that will be used to exchange and transfer this money from one bank/institution/fund/government body to another. They will use this money-moving tech, which is more efficient than XRPs mind you, to help connect larger banks to MSMEs, further integrating the global financial structure. XLM might be the token used as a transfer for everyday use and for normal citizens and smaller banks. Most see XDC taking over Swift soon. Or Bitcoin?
Think of XDC as a money mover. It has the same capabilities as XRP, but more. It has a blockchain feature that is useful for issuing stablecoins. Unless we understand their applications, we cannot put our hard-earned money into blockchain projects and the currencies that fuel them. Others might go for meme coins or the so-called SHIT coins being pushed by celebrities but the only coins that communities should support should be the native currencies with long-term use IMHO.
Flare finance has changed the whole market structure in 2021 going into the bear market of 2022 and then the new era of market structure in 2022 and beyond (based on the value of usability, not just circulation and market cap). Therefore, ETH might not fully fade away due to ETH2.0 and them working to scale more but after Bitcoin reaches 100k it will forcefully be faded away. What’s your perception?