Xdc Crypto: A Worthy Investment Or Risky Bet?

The XDC Network is a blockchain that forked from Ethereum (ETH) and is designed to give businesses the chance to create their own networks. The XDC coin is part of the eXchange InFinite or XinFin Network, which focuses on international trade and finance. It is used to fund the tools and expansion of the XinFin network, as well as encourage people to join and help run the network. It also allows holders to vote on changes to the network.

The XDC Network has been touted as faster and greener than Ethereum, and its native token XDC has been called a good investment option in the long run. However, it has been noted that there are many other coins similar to XDC with more use cases, and that it is not a good investment option at the moment.

XDC coin's value and potential for growth

The XDC Network is a blockchain developed to support trade finance and the tokenization of Real World Assets (RWA). It is a highly optimized, EVM-compatible Layer 1 blockchain that reaches consensus through a delegated proof-of-stake (dPoS) mechanism, allowing for fast transaction times, near-zero gas fees, and a high number of transactions per second (TPS).

The XDC Network is the product of Singapore-based fintech company XinFin, which was established in 2017 by Ritesh Kakkad and Atul Khekade. The XDC mainnet went live in 2019. XDC is the native token of the XDC network and is used for paying transaction fees and smart contract operations.

Current Value

The current price of XDC is around $0.028466 to $0.02856 USD, with a 24-hour trading volume of around $4.4 million to $4.8 million USD. The market cap is valued at around $424,886,576 USD, and there is a circulating supply of 14,926,229,029 XDC coins.

Potential for Growth

XDC has been in existence since January 2017, and the price has seen major fluctuations. The price started at $0.0035 in 2017 and saw its highest escalation in April 2018, reaching $0.0280. By November 2018, the price had peaked at $0.011, but then corrected down to $0.00067 in December 2018, where a bearish momentum was observed until the beginning of 2020.

After March 2020, XDC recovered sharply and registered an all-time high of $0.1939 in August 2021. Since then, it has experienced a moderate correction, falling to around $0.024 in mid-2022, and has been trading within a range of $0.020 to $0.046.

While the beginning of 2024 has seen a flattish momentum, crypto experts believe that XDC holds the potential to recover and retest its previous all-time high in the upcoming years.

Price Predictions

• By the end of 2024: $0.0720
• 2025: Between $0.0646 and $0.108, with an average of $0.0884
• 2026: Between $0.0911 and $0.153, with an average of $0.13
• 2027: Average of $0.172, maximum of $0.224, minimum of $0.132
• 2028: Maximum of $0.313, minimum of $0.184
• 2029: Between $0.274 and $0.457, with an average of $0.341
• 2030: Between $0.404 and $0.660, with an average of $0.532

XDC has shown consistency and gradual growth over the years, and while it has not gained major market recognition yet, it has the potential to be a great long-term investment, especially with its ability to address challenges in the global trading and financial space.

However, it is important for investors to carefully analyze all trends and price predictions before making any investment decisions.

XDC's performance compared to other cryptocurrencies

XDC is a cryptocurrency that is part of the eXchange InFinite or XinFin network, which focuses on international trade and finance. It is a delegated proof-of-stake (dPoS) cryptocurrency that aims to address the high cost and slow speed of ETH transactions.

XDC has shown promising potential in terms of speed and energy efficiency. It can process up to 2,000 transactions per second, which is significantly higher than Ethereum's 15 transactions per second. Additionally, XDC does not require intensive mining like Bitcoin because it doesn't use Proof-of-Work, resulting in lower energy consumption.

When compared to other cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Zilliqa, XDC offers advantages in terms of transaction speed, energy consumption, and scalability. While BTC and ETH are public blockchains that use Proof-of-Work consensus and consume high electrical energy, XDC's hybrid blockchain protocol combines the benefits of both public and private blockchains.

XRP has shown promise in processing speed, but it is primarily used for payments with no other applications. On the other hand, Zilliqa is designed for scalability and can process up to 2,200 transactions per second on its public test network. However, both XRP and Zilliqa associate higher transaction costs compared to XDC.

XDC can be used for smart contracts, hedge pools, and fiat payments, providing versatility in its applications. The XDC network consists of two states: public and private. The public state is accessible to all participants, while the private state is run by institutional and permissioned participants through special nodes called 'master nodes'.

In terms of price performance, XDC has seen fluctuations since its inception in January 2017. It reached its highest price of $0.1939 in August 2021 but corrected to around $0.024 by mid-2022. As of September 2024, the price of XDC is around $0.043, with a market capitalization of $599 million.

XDC has underperformed the global cryptocurrency market, which saw a 10.20% increase in the last 7 days, while similar Smart Contract Platform cryptocurrencies saw an 11.70% increase. However, crypto experts predict a gradual rise in XDC, with a projected price range between $0.069 and $0.074 in 2024, and a maximum price level of $0.660 by 2030.

Overall, XDC shows potential in addressing some of the challenges faced by other cryptocurrencies, such as high transaction fees and slow speed. Its hybrid blockchain protocol and focus on enterprise-grade blockchain solutions for international trade and finance make it a unique offering in the market.

The XinFin network and its use of XDC coins

The XinFin network is a blockchain that forked from Ethereum (ETH) and is designed to give businesses the chance to create their own networks. The blockchain has joined the many "Ethereum killers" that aim to escape the problems, such as slowness and cost, that had an impact on the original chain. It uses a delegated proof-of-stake (POS) consensus mechanism that produces blocks more efficiently. The XinFin network focuses on international trade and finance. It runs using its native coin called XDC, which stands for XinFin Digital Contract.

XDC coins are used to fund the tools and expansion of the XinFin network. They encourage people to join the network and help it run. Holding XDC coins also lets users vote on changes to the XinFin network. The XDC network is made up of masternodes scattered around the world, which are similar to crypto miners as they confirm transactions. However, to become a masternode candidate, users need to deposit 10,000,000 XDC and run XinFin network software on a computer with high enough specifications.

Decentralised applications (dApps) being built on the platform have also been using XDC as a utility token. These dApps include the finance distribution platform TradeFinex and the oracle MyContract. The XDC network also has its own XDCPay application, a web extension with support for Google Chrome and Mozilla Firefox, which makes it easier for investors and businesses to pay fees in XDC.

The XDC coin had a tough start to its price history. It launched at $0.002 on 13 April 2018 and fluctuated around this launch price for the next three years. It saw its first breakout in February 2021, rallying to a peak of $0.14 after announcing a bridge to the cryptocurrency Corda Network. XDC subsequently became the leading token of value on Corda. In August 2021, it hit an all-time high of $0.19. However, after this price record, XDC crashed along with the wider bearish crypto market.

XDC has shown remarkable resilience, quietly becoming one of the big crypto success stories of 2022. However, the project has gone quiet in recent months. As of September 2024, the XDC network price is trading around $0.04318, which is almost 5.67% down from last week. Despite the mixed trend, the XDC network holds the potential to recover and could hit $0.108 by 2025. According to forecasts, a long-term increase is expected, with the price prognosis for 3 February 2029 being 0.158 US dollars. With a 5-year investment, the revenue is expected to be around +265.74%.

How to buy XDC coins

XDC is the native token of the XDC Network, a third-generation blockchain network with a focus on international trade and finance. It is possible to buy XDC coins on several exchanges, including:

• Bitfinex
• KuCoin
• Huobi
• Bittrex
• Bybit
• Gate.io
• Bitget
• ProBit Global
• CoinEx
• CoinDCX
• Indodax
• Bitrue
• CEX.IO
• MEXC
• Homiex
• Stex
• Hotbit
• Mercatox
• HitBTC

XDC is an ERC-20 token on the Ethereum network, so it can be stored in any Ethereum-compatible wallet, such as Ledger, Trezor, Exodus, Coinomi, MetaMask, or Trust Wallet.

• Choose a cryptocurrency exchange that offers XDC coins, such as those listed above.
• Sign up for an account on the chosen exchange and complete any necessary verification processes.
• Fund your account by depositing fiat currency (e.g. USD, EUR, etc.) or other cryptocurrencies such as BTC or ETH.
• Search for XDC on the exchange and place a buy order for the desired amount.
• Review the order details and confirm the purchase.
• Withdraw the XDC coins to your personal wallet for safekeeping, if desired.

It is important to note that the availability of exchanges and payment methods may vary depending on your location, and it is always a good idea to research the fees, security, and reputation of an exchange before depositing any funds.

XDC price predictions for 2024-2030

The XDC Network is a high-performance blockchain platform that facilitates trade finance and asset tokenization. It is a hybrid blockchain that combines the best of both public and private blockchains.

XDC has been in existence since January 2017, and its price has seen major fluctuations. The price started at $0.0035 in 2017 and reached an all-time high of $0.1939 in August 2021. Since the beginning of 2024, the XDC price has been relatively flat, but it has the potential to recover and reach new highs in the upcoming years.

2024

Crypto analysts predict that the price of XDC will be between $0.069 and $0.074, with an average of around $0.72 by the end of 2024. The minimum price for the year is expected to be around $0.0299, and the maximum price is predicted to be $0.074.

2025

The XDC coin price prediction for 2025 suggests that the price of XDC crypto may range between a minimum price of $0.0646 and a maximum price level of $0.108, with an average price of approximately $0.0884.

2026

If the crypto market turns favorable, XDC is expected to reach a maximum price level of $0.153 by 2026. The minimum price level is predicted to be around $0.0911, while the average price might be around $0.13.

2027

By 2027, XDC's average price is expected to be around $0.172, making it a potentially profitable investment in the crypto market. The maximum price level XDC can reach might be around $0.224, while the minimum price might be $0.132.

2028

Based on predictions, the XDC price may reach a maximum of $0.313, with a minimum price of $0.184 by the end of 2028.

2029

The future price of XDC is expected to pick up pace with other cryptocurrencies, trading around $0.457. The minimum and average price levels are predicted to be around $0.274 and $0.341, respectively.

2030

The XDC crypto is anticipated to gain momentum and trade around $0.660, aligning with other cryptocurrencies. The projected price range for XDC is expected to be between $0.404 (minimum) and $0.532 (average).

It is important to note that cryptocurrency prices are highly volatile and subject to change, so these predictions should not be considered financial advice.

Frequently asked questions