Will XDC reach 10, $50, $100 and $1000?

XDC Statistics

• XDC Defi vs ETH Defi
  • Defi Rank: XDC: 82nd, ETH: 1st
  • Last 7 days change: XDC: -3.9%, ETH: -0.2%
  • Last 30 days change: XDC: -21.2%, ETH: -4.7%
  • Total Value Locked: XDC: $3.8 Million, ETH: $21.1 Billion

XDC Buy or Sell, Crowd Poll

Will XDC reach 10? About XDC

XDC Network, formerly known as XinFin Network, is a blockchain platform that combines the best features of public and private blockchains. It aims to provide efficient financial services by utilizing blockchain technology and advanced infrastructure.

The network operates on a delegated-Proof-of-Stake (XDPoS) consensus mechanism, enabling speedy transactions, interoperability, and enhanced security. It has the capacity to process 2000 transactions per second (TPS). Additionally, the network supports interoperable smart contracts and is compatible with the Ethereum Virtual Machine (EVM), allowing users to scale their projects more effectively.

XDC: Primary features

• XDC Network is an EVM-compatible, layer 1 blockchain.
• It supports the global payment messaging standard, ISO 20022.
• Provides a platform for developers and financial institutions to build applications.
• Offers the XDCPay app, a web extension for a convenient user experience.
• Allows developers to build apps and protocols on the blockchain using smart contracts.
• Deployment of layer 2 digital assets via Origin.
• Utilizes sharding technology to process transactions at a speed of over 2000 transactions per second.
• XDC Network is an open-source hybrid blockchain for global trade and finance.
• Interacts with both public and private blockchains through hybrid relay bridges that retransmit transactions into the public network.

The XDC Network is supported by a wide range of participants and digital wallets, decentralized applications, and cryptocurrency exchanges

• Participants: Blockdata, Change Now, Corda, Princeton University, and many more.
• Wallets Supporting XDC: Bitfi, D’CENT, Ellipal, Guarda, Ledger, and others.
• Exchanges Supporting XDC: Bitrue, KuCoin, Gate.io, Bitfinex, Bittrex, and more.
• Decentralized Applications (dApps): BlocksScan, Crescite, Datachain, IceCream Swap XDCScan, among others.

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Will XDC reach $10? Utility of XDC tokens

• XDC tokens can be used for cross-border payments and remittances, providing a faster and more cost-effective alternative to traditional banking systems.
• These tokens can facilitate trade finance transactions, such as letters of credit and supply chain financing, by streamlining processes and reducing paperwork.
• XDC tokens can be utilized within decentralized finance applications, such as lending, borrowing, and yield farming, offering users access to a wide range of financial services.
• They can be used to tokenize various assets, such as real estate, commodities, and digital assets, allowing for fractional ownership and improved liquidity.
• XDC tokens can be used as a medium of exchange for purchasing goods and services within the XDC Network ecosystem or participating merchant platforms.
• Holders of XDC tokens can participate in the network’s governance by staking their tokens to vote on proposals and decisions related to the network’s development and operations.

XDC Price Prediction

Will XDC reach 10?

XDC $10: Calculations

In order for XDC to reach $10, it would need to increase by a factor of 333. At $10, XDC’s Market Cap will be $ 138.44 Billion. If XDC were to grow at a rate of 25% each year, it would take about 8.6 years to reach $10. Let us evaluate this data

• Quality of Investment- Moderate
• Growth required to reach $10- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
• Market Cap at $10- Not Feasible
• Time required to reach $10 if XDC were to rise at 25% per annum- Partially Feasible

Considering the criteria Quality of Investment, growth required and time required, XDC has a low chance of reaching $10. Let us analyze it further:

Is it possible for XDC to rise 333 times?

XDC needs to increase by 333-fold within a period of 8.6 years. Taking the example of Bitcoin into account, BTC experienced growth of 1,400-fold over a span of 10 years.

It is certainly possible for a cryptocurrency to expand by 333-fold within a timeframe of 8 to 9 years. Therefore, under favorable market conditions, XDC has the potential to achieve such growth.

Can we forecast accurately that a token will grow at a rate of 25% every year for the next 8 years?

No, a token cannot consistently increase in value, and we are unable to accurately predict its growth rate for the next 8 years. Consequently, it is not feasible for XDC to maintain a consistent growth rate of 25% over the next 8 to 9 years.

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Will XDC reach $10? Conclusion

In summary:

• XDC token has practical uses and serves a purpose.
• It presents a moderate investment opportunity.
• XDC has the potential to achieve the expected growth rate within the given timeframe.
• However, reaching a market capitalization of $138 billion is currently not feasible.

Taking all these factors into account, we can say that there is a moderate likelihood of XDC reaching $10 within the specified time. However, it is possible that it may reach that level at some point in the future.

Can XDC reach $50?

To reach $50, XDC will need to rise nearly 600 times. At 600 times, XDC will have the same Market Cap as Bitcoin today.

• It took Bitcoin 10-15 years to reach this level
• XDC has performed quite well so far rising 200% this year alone and 2700% since launch
• In 2002, XDC lost 75% of its value (and hence susceptible to macro factors)

While it is difficult to predict what will happen 10-15 years down the line, XDC has been performing consistently over the last few years as it operates in a category with growth potential. One could say that XDC has a moderate chance of reaching $50. Should there be an active burn program (75% Burn), the odds of this happening increase significantly.

Can XDC reach $100?

To reach $100, XDC will need to rise nearly 1200 times. At 1200 times, XDC will be double the Market Cap of Bitcoin today.

• It took Apple 25 years to reach this level
• XDC is not an Apple in terms of innovation.

While it is difficult to predict what will happen 10-15 years down the line, it is unlikely XDC will ever meet this target given the innovation and user penetration that will be required.

Will XDC hit $1,000?

At $1000, XDC’s market cap will be $12 Trillion. This is higher than the GDP of almost every country on the planet and levels that have not been attained even by companies like Apple. This target will never be met.

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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