Proficient Technical Analysis Enables Accurate Price Projection for XDC

In the volatile world of cryptocurrency trading, accurate price predictions and disciplined trading strategies can be the keys to success. Our recent analysis update, released on May 6th, 2023, predicted bearish targets of 0.03200 for XDC. Remarkably, just 11 days later on May 17th, those bearish targets were successfully met. Price on XDC at time of writing has increased over 30% here is our in-depth breakdown.

Sharing Insights with the Cyprx Community: Recognizing the importance of transparency and community engagement, we took it upon ourselves to share this valuable information with the public Cyprx community. Through our Twitter platform, we openly communicated our interest in dollar-cost averaging into XDC at the designated bearish target of 0.03200.

Our commitment to knowledge-sharing extends beyond the public sphere. We value the growth and success of our students in the Cyprx community, which is why we provided them with advanced notice through our private group chat. This allowed our dedicated students to seize the opportunity presented by the bullish XDC price action.

Waiting for Price Action:

One of the fundamental principles we uphold is the importance of patience when it comes to executing trades. Rather than succumbing to impulsive actions, we advocate for a disciplined approach. In the case of XDC, we waited for the price to reach our designated area of interest, i.e., the bearish target of 0.03200, before executing trades. This approach showcases our steadfast commitment to building a solid dollar-cost average crypto portfolio and mitigating unnecessary risks.

Seizing Bullish Opportunities:

Following the successful realization of the bearish targets, we further demonstrated our analytical prowess. On May 28th, we shared a comprehensive analysis with our private group chat, highlighting potential bullish opportunities for XDC. Our timely and accurate insights served as a valuable resource for our community.

By waiting for price action to align with our designated areas of interest, we ensure a disciplined and strategic approach to building a robust dollar-cost average crypto portfolio. The recent upswing of over 30% in XDC price since our discussions in May exemplifies the value of our analytical expertise and commitment to maximizing our potential in this market.

XDC NEWS TODAY:

The XDC Network, known as XinFin, has made significant strides in the Japanese market through its collaboration with SBI VC Trade, a subsidiary of SBI Group. This partnership aims to enhance the efficiency of the Japanese trade finance market, estimated at a staggering 2,000 trillion yen annually (equivalent to 14.29 billion USD). By leveraging the XDC ecosystem's high-speed transactions, energy efficiency, and cost-effectiveness, the network seeks to streamline the sector and improve users' trading experience.

The collaboration between XDC Network and SBI VC Trade is a game-changer for both entities. It aligns with SBI VC Trade's commitment to providing comprehensive services to customers while positioning XDC Network as a global leader in blockchain technology. With a focus on the trade finance sector, XDC Network's presence in Japan is a strategic move to address a market with vast potential. The integration of XDC into SBI's crypto exchange platform offers customers a unique value proposition and is expected to enhance their trading experience.

Sunil Senapati, COO at XinFin XDC Network, predicts a significant increase in blockchain adoption in trade finance, particularly due to the legal acceptance of digital trade documents. The introduction of the Electronic Trade Documents Bill (HL Bill 57) in the UK Parliament signifies a major step forward in the digitization of trade processes. Senapati highlights that approximately 80% of global trade is based on English law, making the acceptance of digital trade documents a crucial development. He forecasts that by 2025, a double-digit percentage of global trade flows will involve digitized processes and blockchain technology. Looking ahead to 2030 and beyond, he expects even wider adoption, emphasizing the importance of simple applications, low costs, and new liquidity providers to support these digitized flows.

XDC Network has already made notable achievements in the trade finance sector. As the first blockchain company to join the Trade Finance Distribution (TFD) Initiative, it aims to bridge the $19 trillion trade finance asset class through tokenization. This move enables XDC Network to facilitate trade asset and risk distribution, boosting automation and transparency. Additionally, the partnership with Tradeteq resulted in the launch of TRADA tokens, the first regulated, trade finance-backed fungible security tokens. These tokens are expected to improve liquidity within the trade finance sector. Notably, the XDC Network has gained recognition from influential organizations such as the International Chamber of Commerce (ICC), Trade Finance Global, and the World Trade Organization (WTO).

The XDC Network's strategic partnership with SBI VC Trade and the legal acceptance of digital trade documents mark significant milestones for the network. By expanding into the Japanese market, XDC Network aims to revolutionize the trade finance sector, improving transparency, traceability, and cost-efficiency. The legal advancements in digital trade documents further contribute to the increased adoption of blockchain technology in trade finance. With a solid track record and a commitment to driving innovation in the industry, XDC Network is well-positioned to capitalize on the growing global demand for efficient and secure trade finance solutions.