The XDC Network has been demonstrating great potential in the Cryptocurrency market over recent times with a surge in transaction numbers. This has been boosted even further by the recent collaboration between XDC Network and Civic Pass, where XDC became the first Ethereum Virtual Machine (EVM) chain to use the Civic Pass Uniqueness. With the expansion into the European and Asian markets as well as a strong presence in these areas, it’s no wonder XDC's founder, Harley Hermanson, believes that it can be one of the top 10 blockchain networks by 2025.

Not only has the XDC Network been working hard to establish itself in new markets, but the native XDC token has also provided a suitable environment for traders. In the last 24 hours the token has dropped 2.35%, with the current trading price being at $0.04241. This decrease in price has been accompanied by a decrease of 2.84% in trading volume, currently sitting at $5,854,314, suggesting a continuation of the bearish sentiment in the market.

The technical indicators over the past 4 hours have all pointed to bearish sentiment in the market. The Relative Strength Index (RSI) is moving below its signal line, giving traders an opportunity to buy the dip and accumulate XDC tokens at a lower price. Supporting this, the Moving Average Convergence Divergence (MACD) line has further reinforced the negative sentiment, predicting that the price could continue to decline over the next few hours.

Regardless of these bearish predictions and the downward trend in price, Harley Hermanson and the team at XDC Network remain hopeful of the success of their project, now actively striving to become one of the top 10 blockchain networks by 2025. While this may seem like a mission too difficult to be completed in the short-term, the progress made by XDC Network over recent years shows that this ambition doesn’t seem so far-fetched after all.



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