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The XDC environment is undergoing a recovery, overcoming weeks of negative trends. This favorable impetus is driven by tactical collaborations aimed at increasing acceptance, which have pushed XDC to new peaks after a period of stabilization.
According to reports, XDC Network (XDC) saw a 10% increase during Asian trading hours, reaching a high of $0.072 on March 20. This breakthrough represents a break from the $0.07 resistance level that had remained constant for the previous week. BlackRock’s Bitcoin ETF Pauses: An Ominous Indication?
At the time of the increase, XDC had a market valuation of more than $1.1 billion, with daily trading volumes increasing by 25% to about $40 million.
The major reason for XDC’s recent gains is its newly established alliance with Mercado Bitcoin, one of Brazil’s largest cryptocurrency exchanges.
The two organizations are collaborating to grow the real-world asset tokenization industry. They want to use XDC Network’s blockchain infrastructure to bring Mercado Bitcoin’s tokenized investment products to a worldwide audience.
XDC investors have reacted positively to this development, seeing it as a major step toward wider institutional adoption of tokenized assets. Data from RWA.xyz reveals that the total market capitalization of RWA tokens, excluding stablecoins, is presently $18.3 billion.
Aside from the Mercado Bitcoin relationship, XDC has gained traction from the introduction of the XDC payment program in Seoul. The project, in collaboration with PlugAndPlay APAC, aims to connect South Korea’s top Web3 startups, developers, and innovators with XDC Network’s enterprise-grade blockchain solutions.
Given South Korea’s flourishing blockchain ecosystem, the launch is projected to boost XDC adoption and visibility.
PlugAndPlay has also announced the debut of the inaugural XDC Network RWA Accelerator, which will begin on March 18, 2025. Eleven outstanding projects have been chosen from 100 candidates to integrate with the XDC Network, paving the path for innovative use cases in RWA tokenization.
## XDC Cost Assessment
Technological metrics imply that XDC could potentially acquire even more ground in the approaching time frame.
XDC surpassed the $0.07 barrier of defense on the 4-hour USDT chart, which has been sustained for the prior week.
Furthermore, the altcoin appears to be gearing up for a substantial optimistic turnaround as it is on the verge of breaching the descending parallel corridor it has occupied for almost five weeks. Should it overcome this barrier with considerable intensity, we might witness the creation of a robust upward inclination.
The Aroon Up metric registers at 92.86%, whereas the Aroon Down metric stands at 42.86%, affirming robust procurement tension and signaling a noteworthy optimistic inclination. Crucially, the MACD line is trending upward, signifying that procurement impetus is surpassing vending tension, further bolstering the optimistic viewpoint.
Assuming XDC breaches the declining parallel corridor, it is anticipated to sustain its ascent to assess the mental barrier of defense at $0.080. A triumphant breach above this threshold could propel the altcoin higher, conceivably retesting the $0.103 level attained in mid-February of the current year.
As of the present moment, XDC has surged by 6.3% and is being exchanged at $0.070 per individual unit.
Exemption from Liability: This composition should not be construed as monetary guidance. The substance and resources presented on this platform are solely intended for informational objectives.
