| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
XDC Network (CRYPTO: XDC) rallied sharply on Monday, defying the broader market lag that restricted heavyweights like Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE).
What happened: The XDC token jumped over 5% to become the most successful cryptocurrency in the last 24 hours, while the trading volume spiked nearly 24% to $30 million. The uptick pushed XDC to its highest value since June 12.
In doing so, XDC bucked the downsides of the broader cryptocurrency market. Bitcoin, the market leader, declined 1.35% during the last 24 hours, while Dogecoin fell 2.09%.
While there were no immediate triggers, the XDC Network's recent partnership with Archax to develop a Markets in Crypto-Assets-compliant whitepaper to align with the EU's crypto market laws served as a supporting factor.
See Also: Are Cryptocurrency Investors Eligible For UAE Golden Visa? Here’s What Authorities Are Saying
Meanwhile, the Moving Average Convergence Divergence indicator, which compares two exponential moving averages of price, flashed a "Buy" signal for XDC, according to TradingView. The Relative Strength Index, on the other hand, was "Neutral" as of this writing.
Launched in 2019, the XDC Network is a Layer-1 blockchain developed to support trade finance and the tokenization of real-world assets.
Price Action: At the time of writing, XDC was exchanging hands at $0.06642, up 5.02% in the last 24 hours, according to data from Benzinga Pro. In the past week, it gained over 12%.
Photo Courtesy: alfernec on Shutterstock.com
Read Next:
