If you’re a crypto investor, slowly but steadily you must have realized that the market is changing. Unlike in 2017 where the market was entirely booming, and an investor didn’t require any skill to make money. Back then, you could literally buy anything as long as it’s blockchain and be assured of making money.
Currently, things are different to some extent. As an investor, you need to make some informed research to make money by investing in crypto with fundamental value. Therefore, talking from that fundamental perspective, infrastructure type tokens or simply utility tokens stand a chance to be the next big story in town, XinFin (XDCE) looks to be the one. We came across this token just today and thought why not shed some light on it.
The Current State of XDCE
Even though XDCE has a short span in the market, it has achieved a lot than what many of the established public blockchains have achieved. For instance, XDCE traded 42% higher against the U.S. dollar in the past week and an astonishing 28% in the last 24 hours.
The past 24 hours has seen about $$905,489 worth of XinFin tokens being traded on exchanges. Currently, the total market cap of XDCE is $9,198,847 which implies that it’s only on the rise to the top (yes, it’s still very low, but the journey suggests the coin is growing).
$BTC : +0.52%📈 6416$
Top (last h):$XDCE : +30.19%📈 38st$CHE : +26.85%📈 2st$XEM : +17.84%📈 1778st$ABDT : +16.43%📈 567st
Worst (last h):$QNO : -41.99%📉 1902st$LEDU : -25.94%📉 89st$FTXT : -21.70%📉 2st#cryptocurrency #blockchain
— Crypto Price Trading 30m (@CryptoPriceCall) November 12, 2018
The price of XDCE currently stands at $0.002382 or simply 0.00000037 BTC. Users can trade it on cryptocurrency exchanges such as Mercatox, IDEX, Bancor network, TOPBTC, and COSS. As things stand, XDCE is on the rise and has started to attract some attention, and with the momentum, it’s gaining, the common question in most people’s mouths is whether XinFin is the next giant crypto.
What Makes XinFin Better Placed
XinFin isn’t the only utility token in the market, in fact, Ethereum is one of the best in the current market and has performed exceptionally well. However, XDCE has a higher potential for future gains as it is a hybrid blockchain when compared to Ethereum which is public.
It looks to be a much better option for large corporations that look to develop applications on the blockchain, all thanks to its hybrid blockchain which makes data security securer. It helps the corporations to mast those transactions with confidential information as well as allowing them to be verified on a public blockchain.
Thanks to all the community members for supporting #XinFin in #Community #Coin #Voting 5.@XinFin_Official‘s #XDCE ranks #1 amongst 57 other #tokens on @IndodaxOfficial‘s #CCV5 .#CCV5Winner #crypto pic.twitter.com/25gsIHS1De
— XinFin Hybrid Blockchain (@XinFin_Official) November 12, 2018
XDCE is making significant moves that are attracting several exchange listings. This will only make the coin move into the big league of cryptocurrencies. Undoubtedly, there are only a few cryptos that match XDCE’s fundamentals in the current market, and as we can observe the surge of XinFin by 25% in the past day, it seems like XDCE is after nothing but only the top spot.
Since the cryptocurrency stands at 372 concerning market cap, many would laugh at the idea that it can even make it to top 50 anytime soon. But it can. Fair to say it’s currently undervalued with all the partnerships already gained and the adoption rate it’s seen so far.
As things stand, it’s probably a matter of time before XDCE takes the bragging rights in the crypto market. As like anything in crypto, we are not certain as yet that it’d be the next big thing here but considering its recent strides, the crypto is at least worth keeping an eye on.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Claudia14/PixaBay
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