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 live XDC price is $0.061820 USD with a 24-hour trading volume of $11,469,877 USD. XDC Network is down 1.94% in the last 24 hours. The current CoinMarketCap ranking is #84, with a live market cap of $760,689,815 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 to know whether to include it in our 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 masternodes who then assume the role of verifying transactions. All masternodes are KYC compliant making it easier to work with regulation and centralized financial institutions. Users running masternodes 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 masternodes 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.
XDC Founders
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
XDC experienced high trading volumes towards the end of April. This pushed XDC into the overbought territory at $0.573. This led to a price correction which was followed by a consolidation period as shown by the Williams Alligator indicator.
The 14-day RSI suggests XDC is currently trading at a relatively stable position. MACD and Signal lines meet at the zero mark with a likelihood of the MACD line breaking higher.
The MACD histogram shows low price momentum in the positive direction. The alligator has been sleeping for about four days now, and it’s difficult to tell the direction of the next breakout.
XDC Token Price Predictions 2022 – 2030
Technews leader
Technews leader price index suggests XDC price will rise steadily over the years until 2030. Their Xinfin price prediction this year is $0.17 meaning they anticipate its value to grow over 100%. The growth rate will reduce into 2023 but will average at a cool $0.25 passing its previous all-time high. In 2025 the value will reach a maximum value of $0.53 and pass the $1 mark in 2027. In 2029 it will outperform a majority of the whole crypto world and will sell at $2.33. The exceptional performance will extend into 2030 at $3.52.
WalletInvestor
Xinfin network cryptocurrency makes an awesome 1-year investment according to Wallet investor. It is expected that XDC will have a return on investment of 103% for the year. XDC will continue to experience double gains every year until 2026.
Swapspace
The average forecast price for 2022 is set to drop according to Swap Space with a potential drop of 12%. The prices will begin rising in 2023 at 9%. XDC performance will accelerate in 2024 outperforming other cryptocurrencies with an ROI of 51%. Similar gains are expected for 2025 at 89%. The other prediction may be contradictory to the exact XDC price in 2030. Swapspace maintains a 726% ROI for the year 2030.
Cryptopolitan
Prices in USD
XDC Network Price Prediction 2022
Historical data coupled with the prevailing market prices suggest XDC will trade at $0.073 for the year. Xinfin network forecast suggests prices will trade higher in the second half reaching a maximum price of $0.083
XDC Network Price Prediction 2023
Market analysts agree the XDC value will continue to rise every year. We expect XDC to reach and pass its all-time high during this time. For the major part of the year, XDC will trade at $0.10 while reaching a maximum price level of $0.12.
XDC Network Price Prediction 2024
Exchange Infinity AML/KYC compliance has been noted to be a big win in attracting financial investors to centralized institutions. Market regulation will increase investors’ confidence in XDC. The average forecast price for 2024 will be $0.15.
XDC Network Price Prediction 2025
By 2025 if Exchange Infinity plays its cards right, we expect the XDC network to become a master in a market it has already pioneered. Trade Finex will have been established and will eliminate middlemen in many use cases. This is expected to cut costs and reduce the settlement period. XDC network volume will rise and the predicted price will range between $0.25 and $0.22.
XDC Network Price Prediction 2026
In 2026, the cryptocurrency market is set to grow with increasing mass adoption. Early entrants into the market are predicted to be the highest gainers. XDC should follow suit with more investors jumping in. The average trading price for 2026 will be $0.31.
XDC Network Price Prediction 2027
Xinfin network price predictions for 2027 will range between $0.53 and $0.44 while averaging at $0.46. This will be over 5 times its current price making it a good investment for investors who buy XDC network today.
XDC Network Price Prediction 2028
The XDC network will continue to evolve with changing market dynamics and enterprise demands. These changes will set the pace as new efficient protocols continue to emerge. XDC extrapolated prices place its value at $0.66.
XDC Network Price Prediction 2029
In 2029 the average forecast price will be 0.95. In good market conditions, XDC will comfortably trade at its highest price of $1.10. The minimum price value for the year is about $0.93.
XDC Network Price Prediction 2030
The way Exchange Infinity presents itself will determine if it gets at $1.35 if the momentum continues at the current pace. Any downtime, hacks or negative reviews will adversely affect XDC noting the crypto market is mainly driven by mere speculation. Otherwise, XDC is expected to reach a maximum level of $1.60.
XDC Network Price Prediction By Industry Experts
My favorite crypto project is XDC XinFin running on XDC hybrid Blockchain For Global Trade Finance and smart contracts. XDC XinFin Is An Unusual Powerful Crypto… #XDC #XinFin #BestInvest
Billy Adams (@xinfinusa) XinFin Head of Ecosystem Development for North America, joins us to clarify the noise around cryptocurrency and blockchain technology in this particular episode. He discusses the potential of blockchain technology to empower the little guys as well as how enterprise organizations such as banks and major financial institutions might start using blockchain to bring our global financial system into the 21st century.
Conclusion
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?
FAQs about XDC Token
What will be the value of XDC in 2030?
Cryptopolitan XDC price forecast shows it will be worth $1.35 in 2030.
When will XDC reach its all-time high?
Technical data analysis suggests that at the current pace, XDC should set a new all-time high every year from 2024.
How many masternodes are allowed in the Xinfin Network?
Xin fin network has 108 masternodes running on delegated POS with chain finality, stability and security enabled by new features like Double validation.
What is meant by double validation?
Double validation is an additional layer of security where after a block is created by a masternode it is forwarded to a second random masternode for verification.
Is XDC an ERC20 token?
No. XDC runs its own blockchain. XDCe ERC20 token is being phased out.
Is the Ethereum network compatible with Xinfin?
Yes, Xinfin is EVM compatible. This means that all smart contract applications and dAPPS on the Ethereum network can seamlessly connect to the Xinfin network.
Is Exchange Infinity a good investment?
Yes, the value of XDC should rise steadily in the future ensuring a good return for its investors.
What is Xinfin Master?
Xinfin master is the governance app of the Xinfin ecosystem. Willing participants are required to have a minimum of 10,000,000 XDC to participate.
Source: https://www.cryptopolitan.com/xdc-price-prediction/