XDC Network Price Prediction: Will the Momentum Continue? Check Out Evil Pepe Token for an Alternative

Updated: 28 July 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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In the last seven days, XDC has increased by over 36%, and within the past 14 days, by a significant 70.4%.

These price spikes in the coin’s market have attracted investors’ attention and raised speculation over the asset’s future.

However, at 5:47 am EST today, July 28, the asset is down by 3.36%, trading at $0.05903.

It is uncertain if XDC’s downturn will continue, but the latest developmental updates will likely push the token to promising gains.

Price Performance of XDC Network

The trading volume of the XDC Network is up by 2.1% in the last 24 hours. This shows high activity in the buy zone, and most community members attribute the growth to market sentiments.

The asset is assumed to have seen significant price changes among the tokens with the initials X since Twitter updated its name to X. Although XDC was pumping gradually before then, this update rose the token above the ranks compared to other networks.

At the close of July 27, XDC sold at $0.06109, registering its highest market value all year.

XDC’s Daily Chart Showing Price Momentum

XDC’s Moving Average Convergence Divergence (MACD) is above the signal line and has green histogram bars.

This shows the signs of bullish momentum backing XDC’s price today.

The Relative Strength Index (RSI) is at 47.29 in the neutral zone and points toward the overbought zone (above 70), suggesting price rallies for the coin before the week ends.

The chart also shows a green candle stick formation after the last red candle, indicating increased buying pressure.

But XDC still trades a few pips below critical moving averages (50-Day and 200-Day SMA), indicating the presence of the bears in the market.

Ultimately, traders should closely monitor these indicators as a short-term bullish trend is within reach, considering the asset’s close position to 50-Day SMA.

Possible Factors That Could Influence XDC Rally

When Elon Musk stated his desire to rename Twitter to “X,” there was a surprising surge in cryptocurrencies starting with the letter X.

Amid the market reaction to Musk’s statement, the XDC token saw its price rise to the highest value in almost a year.

Also, XDC Network’s collaboration with a central Japanese crypto trading platform, SBI VC Trade, and its sponsorship of WebX 2023 appear to align with its recent price appreciation.

Check Out Evil Pepe Token for an Alternative

Evil Pepe Coin is a novel and cutting-edge meme token inspired by the iconic Pepe the Frog aesthetic.

The project is portrayed as the asset driving most traders’ shitcoin decisions and the motivational voice to get rich. Due to this unique approach, its token has quickly gained popularity among traders.

While drawing inspiration from various Pepe derivatives such as Pepe 2.0, Saudi Pepe, Proof of Pepe, and $PEPE itself, the coin aims to replicate the price behaviour of these successful tokens.

Notably, Pepe 2.0, its direct copy, was quick to follow the success of the original Pepe token. It achieved a market cap of around $100 million and yielded remarkable returns of nearly 45,000%.

The Evil Pepe Coin now aspires to attain a similar market cap, aiming for a staggering 50x increase during its Initial DEX Offering (IDO).

Presale Performance of Evil Pepe

Evil Pepe Coin Presale kicked off on July 18 and has progressed steadily for ten days. The presale has seen significant strides by accumulating over $1.3 million from a hard cap of $1,996,002.

The price of the token trades at $0.000333, and with four days left, investors are streaming in their numbers to make purchases. Due to its 90% supply of presale liquidity, individuals who miss out on the presales may have to battle for the remaining 10% locked liquidity.