The XinFin Network is a blockchain-powered infrastructure that allows for the creation of decentralized markets. In 2020, they released their first product, the XDC token which is used to power transactions on the network. This article will examine how XDC might fare in 2021 and what investors should be looking out for.
The xinfin price prediction 2025 is a question that asks if the XDC will hit $0.1 soon. This is a cryptocurrency and it’s price is predicted to go up in 2021.
- The range of bullish XDC price predictions is $0.07 to $0.09.
- The price of XDC may potentially hit $0.1 in the near future.
- The pessimistic market price forecast for 2021 is $0.05, according to XDC.
We utilize data, price trends, RSI, and other information about XDC to evaluate the cryptocurrency’s future movement in XinFin Network XDC price forecast 2021.
XinFin is a hybrid Blockchain technology company that specializes in international commerce and finance. The XinFin network is built on the XDC native currency. Furthermore, the XDC protocol is built to enable smart contracts, 2000TPS, 2s transaction speed, and KYC to Masternodes (Validator Nodes).
At the time of writing, the XDC price was trading at $0.05, with a 24-hour trading volume of $7,591,145, according to CoinGecko. XinFin, on the other hand, has dropped 23.87 percent in the past 24 hours.
XinFin also has a circulating supply of 12.28 billion XDC. XinFin XDC now trades on Bitfinex, KuCoin, HitBTC, Bitcoin.com Exchange, and Changelly PRO, among other cryptocurrency exchanges.
Price Prediction for XinFin Network XDC in 2021
XinFin Network (XDC) is currently ranked 83rd on CoinGecko. With a daily time period, XinFin XDC price forecast 2021 is described below.
Daily Time Frame XDC/USDT Price Chart (Source: TradingView)
The Symmetrical Triangle patterns are shown in the graph above. A symmetrical triangle consists of a downward diagonal rising trend line and an upward diagonal descending trend line in general. When the price rises, it will surely break through the upper trend line, and the price will rise or fall in an uptrend. A lower trend line that breaks through, resulting in a downward trend in which prices fall.
If the bullish trend continues, the XDC may hit $0.08 on the daily time frame chart. Otherwise, if the XDC price breaks through the $0.0645 support level, it will fall to the next support level at $0.058. As a result, the XDC’s trend is predicated on the breakout.
Levels of XDC Support and Resistance
The chart below depicts XDC’s support and resistance levels.
Support and Resistance Levels for XDC/USDT (Source: TradingView)
The resistance and support levels of XDC are clearly visible in the above daily time frames.
- $0.073 is the first level of resistance.
- $0.084 is the second level of resistance.
- $0.096 is the third level of resistance.
- Level 1 Support – $0.064
- $0.056 Support Level 2
- Level 3 Support – $0.05
Over the last month, the charts indicate that XDC has been in a bullish trend. If the current trend continues, XDC may catch up with the bulls and break over its resistance level at $0.096.
In the event that investors turn against cryptocurrency, the price of XDC may fall to nearly $0.05, indicating a negative indication.
Average Directional Index (XDC) of the XinFin Network (ADX)
Let’s take a look at XDC’s average directional index (ADX). The Average Direction Index (ADX) is a tool that helps crypto traders determine the strength of a trend rather than its actual direction. It may be used to see whether the market is shifting or starting a new trend. It’s linked to the Directional Movement Index (DMI) and consists mostly of the ADX line.
The oscillator has a range of 0 to 100. A strong trend is represented by a high value, whereas a weak trend is represented by a low value. It is often used in conjunction with directional indicators.
ADX XDC/USDT (Source: TradingView)
The ADX of XDC remains above the range of 21, indicating a weak trend, as seen in the chart above. A significant price reversal may occur shortly.
Conclusion
The XDC is one of the cryptos that has managed to hold its ground in a negative market. In addition, our XDC price forecast for 2021 is optimistic. This year, it has a good chance of surpassing its current all-time high (ATH) of $0.144. However, this will only happen if it overcomes a number of previous psychological barriers.
Furthermore, the XDC ecosystem may have a bright future ahead of it in 2021, thanks to continuous improvements and enhancements. It may soon hit $0.08, and it may even reach new highs, but it will only reach $0.1 if investors have decided that XDC is a solid investment for 2021.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
Articles to Consider
The xdc price prediction 2023 is a cryptocurrency that has recently been released. It is currently trading at $0.1 and will hit $0.1 soon according to the XinFin Network Price Prediction 2021.
Frequently Asked Questions
Is XDC a good investment 2021?
XDC is not a good investment for 2021.
Is XinFin network a good investment?
How much will XDC be worth?
I dont know, but it will be worth a lot.
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