XDC Network Price Prediction 2023-2030: Will XDC Reach $0.1 Soon?

• XDC network (XDC) price prediction ranges from $0.02588 to $0.09700.
• The analyst predicted XDC to hit $0.15 and the token traverses the path as predicted.
• The XDC bearish market price prediction for 2023 is $0.02135.

The XDC Network (formerly called XinFin Network) is an enterprise-grade, EVM-compatible blockchain equipped with interoperable smart contracts that enable developers to build a smart contract on it. 

The XDC Network was the first and only blockchain invited to join the Trade Finance Distribution Initiative (TFDi), a consortium of the world’s leading banks and non-bank financial institutions established for the purpose of bridging the $1.7 trillion trade finance gap.

The crypto bubble 2021 led to an increase in the price of XDC to its present all-time high (ATH) of $0.1939, which was attained in August 2021. Irrespective of the recent crypto winter, which led to a dip in the price of most cryptocurrencies, XDC investors are confident that the future of XDC is bullish.

If you are interested in the future of XDC Network (XDC) and want to know the price analysis and price prediction of XDC for 2023, 2024, 2025, 2026, and up to 2050, keep reading this Coin Edition article.

XDC Network Market Overview

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What is XDC Network (XDC)?

XDC Network is a Blockchain project that enables developers to build a smart contract on it. It also partners with active and professional traders and content creators within its community. It was formerly known as Xinfin Network. Its native coin is denoted as XDC.

It raised over $1.5 million during private sales in 2017 and over $15 million during its initial coin offering in 2018.  The funds raised were used to build the hybrid blockchain that is efficient and adaptable to Ethereum Virtual Machine (EVM) decentralized applications. XDC Network was launched in 2019, and its mainnet was ready the same year. Ritesh Kakkad and Atul Khekade founded XDC Network.

XDC Network uses the delegated Proof of Stake (DPoS) consensus mechanism to ensure the network is safe. The proof of stake ensures that about 2000 transactions per second (TPS) are completed and that it uses meagre gas fees. It is a layer-1 blockchain that is reliable, scalable and intuitive.

Node operators are required to stake 10 million XDC before they can be allowed to operate after passing through the know your customer documentation. To ensure that the network is spam resistant, the network uses a small proof of work for validators to propose new blocks.

XDC Network Current Market Status

The maximum supply of XDC Network (XDC) is unknown, while its circulating supply is 13,828,153,901 XDC coins, according to CoinMarketCap. At the time of writing, XDC is trading at $0.04191, representing 24 hours increase of 0.83%. The trading volume of XDC in the past 24 hours is $4,668,638, representing a 13.77% decrease.

Some top cryptocurrency exchanges for trading XDC Network (XDC) are Kucoin, Huobi Global and Gate.io.

Now that you know what XDC is and its current market status, we shall discuss the price analysis of XDC Network (XDC) for 2023.

XDC Network Price Analysis 2023

Currently, XDC is ranked in the 81st position on CoinMarketCap. Will developments and upgrades within the XDC Network community increase the price of XDC Network (XDC)? We shall see this in this CoinEdition price analysis 2023 article.

XDC Network Price Analysis – Keltner Channel

The Keltner channel is a technical indicator introduced by American grain trader, Chester W. Keltner to gauge the volatility of the market. For this purpose, it has three bands; the Upper band, Middle band (EMA), and lower band. 

The upper band is calculated by adding twice the Average True Range (ATR) to the EMA (middle band), while the lower band is calculated by subtracting twice the ATR from the EMA.

The chart above shows a red rectangle that denotes the expansion and contraction of the Keltner channels. When the bands widen it means that there is going to be more volatility. Or in other words, the prices could drastically drop or increase. 

Additionally, when the price of a cryptocurrency continuously touches the upper or lower band and thereafter touches the opposite band, (which is, if a cryptocurrency continuously touches the upper band and finally touches the lower band, then we could determine that the bullish trend has faded. This applies vice versa as well). This behavior could be seen inside the yellow rectangle. 

Currently, XDC is testing the upper band again after being rejected by the upper band. There could be a price correction on the horizon awaiting XDC. Nonetheless, if the Bulls or the Bears are to take the upper hand in the future, then we could expect the Keltner bands to widen in order to accommodate the range of fluctuation. However, since the Keltner channel is a lagging indicator, there’s no possibility of forecasting volatility beforehand. 

Since the Keltner bands are squeezing, we could expect XDC to consolidate in the future. Moreover, as the bands are parallel to the horizontal axis, we could expect XDC to move sideways. 

XDC Network Price Analysis – Bollinger Bands 

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). Moreover, the upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. 

The Empirical law also known as the three-sigma rule or the 68-95-99.7 rule states that almost all observed data for a normal distribution will fall within three standard deviations. As such for a data set that follows normal distribution, 68% of data will fall within 1 standard deviation of the mean, while 95% of data for the normal distribution will fall within 2 standard deviations of the mean and 99.7% of data will fall within 3 standard deviations of the mean. 

Hence, when this is applied to the price of XDC, we could expect the coin to abide within the Bollinger bands 95% of the time. 

Moreover, the sections highlighted by red rectangles show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility. Currently, the bands are expanding, hence, XDC could be awaiting a major fluctuation in prices. 

Moreover, XDC touched the upper Bollinger Band on several occasions lately as has retraced. Currently, it is rebounding on the Simple Moving Average (SMA).  As such, XDC could move in any direction. However, it is very unlikely that there will be a massive fluctuation since the Bollinger bands are squeezing. 

Notably, the Bollinger Band behaves very closely with the Keltner channel. For instance, if you were to use both the Bollinger bands and Keltner channel indicators for a cryptocurrency, you would see that almost most of the time both indicators overlap. However, the only difference between with Bollinger band and the Keltner channel is that the Bollinger bands use Standard Deviation while the Keltner channel uses Average True Range for calculating its bands which are the top and bottom limits. 

XDC Network Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA it is considered bullish and if it’s below the SMA then it is bearish. When considering the first green rectangle from the left of the chart below we can see that when the RSI line (purple) is above the Signal line (yellow). As such XDC is bullish or gaining value. The second green rectangle shows that the RSI is below the signal. Hence, it is bearish.

Additionally, the RSI compares the gains of the securities against the losses it made in the past. This ratio of gains and losses is then deducted from the 100. 

If the answer is less than 30, then we call that the price of the security is in the oversold region. This means that many are selling the security in the market, and as such the security is undervalued.  Moreover, as per the Supply-demand curve theory, the price is supposed to drop when there is an increase in supply. 

If the answer is more than 70 then the security is overbought as many are buying. Since many want to buy the security the demand increases which intuitively increases the prices.

Additionally, the RSI could be used to determine how strong a trend is. For instance, when a cryptocurrency is bullish or reaching higher highs, then the RSI line also should be making higher highs in unison. If not it means that although the cryptocurrency is on a bullish trend it is losing value and hence a trend reversal could be lurking around the corner.

However, the RSI could also give false alarms for breakouts. Although we may expect, the prices to retrace if it goes to the oversold or overbought region, the prices also can stay in the oversold or overbought region for an extended period. As such, traders should be wary of it and let the market saturate before making vital decisions.

XDC Network Price Analysis – Moving Averages

The Exponential Moving averages are quite similar to the simple moving averages (SMA). However, the SMA smoothens down all values whereas the Exponential Moving Average gives more weightage to the current prices.  As such, the MA equation has a greater reference to the present prices which is required in the volatile industry of crypto.

Whenever the price of cryptocurrency is above the 50-day or 200-day MA, or above both we may say that the coin is bullish (Grey rectangle highlighted section). Contrastingly, if the token is below the 50-day or 200-day, or below both, then we could call it bearish (the green highlighted triangle).  

When looking at the green highlighted triangle in the above chart, we can see that XDC is way below the 50-day MA and 200-day MA. Although it managed to break the 50-day MA it wasn’t stable. Hence, we could see that XDC fluctuated above and below the 50-day MA. However, after the Golden Cross, XDC surged almost exponentially breaking both the 200-day and 50-day MA. 

Since both the Moving Averages are facing upward, we could expect the prices to keep rising. However, in the unfortunate event that XDC falls down it may seek support from the 50-day MA first and then from the 200-day MA. 

XDC Network Price Analysis – Moving Average Convergence and Divergence (MACD)

MACD line is a lagging indicator that measures the difference between the short-term and long-term moving averages. In other terms, it adjudicates the divergence and convergence of the 12-day MA and 26-day MA. For this purpose, the 26-day (long-term) MA is subtracted from the 12-day MA (short-term). The equation is as followers: MACD=12-Period EMA − 26-Period EMA. 

Whenever the 12-day EMA is greater than the 26-day EMA, or the 12-day MA is above the 26-day MA on the chart then MACD should be positive. Conversely, when the 12-day EMA is smaller than the 26-day EMA or is below the 26-day MA then the value for MACD should be negative. Moreover, this has been represented on the histogram which shows green bars for positive MACD values and red bars for negative MACD values.

Just like the RSI, MACD too has a signal line for reference. Whenever MACD crosses the signal line from below, a bullish crossover occurs as shown by the grey highlighted section. Conversely, when the MACD crosses the signal from above, then a bearish crossover happens as shown by the green triangle.  

Moreover, MACD should always be printing higher highs in unison with the cryptocurrency when the trend is bullish. And it should be making lower lows in unison with the cryptocurrency when the trend is bearish. However, if MACD makes higher highs when the cryptocurrency is making lower highs, then there could be a trend reversal and the cryptocurrency could surge. This is also true vice versa.

XDC Network Price Prediction 2023

Considering the above chart we could see that XDC is increasing taking the pattern of a parabola. If XDC continues this pattern of fluctuation it could break Resistance 1 at ≈ $0.06525 and move on to Resistance 2 at ≈  0.09700. However, in the event that XDC is rejected at Resistance 1 then it could land on Support 1 at ≈ $0.02588. If Support 1 doesn’t hold XDC prices from falling then it might seek assistance from Support 2 at $0.02050.

XDC Network Price Prediction – Resistance and Support Levels

When looking at the chart above we could see how XDC has been descending through the Resistance level after its abrupt hike in the early days of its inception. When looking closely we see that it descended taking along the edge of the arc until Resistance 1. However, there seems to be a phase of consolidation between Resistance 1 and Support 1. 

Nonetheless, XDC seems to be still following the arc, hence, if XDC keeps following, the perimeter of the arc, then it could rise exponentially. But, Resistance 1 has been a challenging barrier to break, hence, the bulls may really need to push hard to break above this.

XDC Network Price Prediction 2024

The positive sentiment with the news of Bitcoin halving could directly impact the price of XDC. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the cost of XDC trade at $0.4 by the end of 2024.

XDC Network Price Prediction 2025

By 2025, the XDC Network (XDC) price could rise to $0.8. This is because of the price surge a year after Bitcoin halved. Also, considering more developments will attract more developers, traders and content creators.

XDC Network Price Prediction 2026

With the number of XDC hodlers on the increase and the growing sentiment about cryptocurrencies, XDC has the possibility of holding most of its recent gains and consolidating. Hence, the price of XDC could trade around $1 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.

XDC Network Price Prediction 2027

By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to a likely sentiment that the market has attained its minimum support level. The price of XDC Network could surge to $2 by the end of 2027.

XDC Network Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. Therefore, the market could attain a higher high-value XDC Network (XDC) could hit $4 by the end of 2028.

XDC Network Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some lessons learnt to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin (BTC) halving, could surge the price of XDC to $8 by the end of 2029.

XDC Network Price Prediction 2030

The cryptocurrency market experienced high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of XDC Network (XDC) to trade around $10 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

XDC Network Price Prediction 2040

According to our long-term XDC token price estimate, XDC prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $25 by 2040. If the market turns bullish, the price of XDC could go up beyond what we predicted for 2040.

XDC Network Price Prediction 2050

According to our XDC token forecast, the average price of XDC in 2050 might be above $45. If more investors are drawn to XDC between these years, the price of XDC in 2050 could be far higher than our projection.

Conclusion

As said above, XDC might reach $0.1 in 2023 and $10 by 2030 if investors have decided that XDC is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinEdition. No information in this article should be interpreted as investment advice. CoinEdition encourages all users to do their own research before investing in cryptocurrencies.

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