Whereas the vast majority of the altcoins are dipping, the value of the XDC coin has been rallying prior to now two weeks.
Yesterday the value of the XDC coin surged by greater than 13% hitting a day by day excessive of $0.06817 earlier than tracing again to at this time’s worth stage of $0.06077. The coin has rallied by over 7.8% over the previous seven days and by over 11.0% prior to now two weeks.
On this article, we’ll deal with the the explanation why XDC Community’s worth has been rising prior to now two weeks.
XDCNFT challenge launch by BlocksWorkz tech agency
One of many fundamental causes for the present worth surge is its latest challenge (XDCNFT) launch by BlocksWorkz tech agency.
The challenge is a Non-Fungible Token, (NFT) market that makes use of XinFin’s blockchain expertise (XRC20 community).
🚨XDCNFT Market Is Now LIVE and Open! Congrats to #BlocksWorkz Workforce !!! $BLKZ is the native token. #XDCNFT is constructed on #XDC Community. The most effective different to #opensea #NFT Market ⚡ – Use XDCPay App & pay with #BLKZ or $XDC cash at #xdcnft : https://t.co/uUYE2gopul
— euromandriver 🪙 Greatest Make investments XDC (@BestInvest_XDC) April 28, 2022
The challenge’s new options
Though the challenge was launched originally of this yr, 2022, it has continued so as to add extra new options and new NFTs. The NFT partnerships with XDCNFT have additionally triggered it to achieve extra traction.
Along with these new and unique options, XDCNFT presents just one% transaction charges and free set up.
XDCNFT solely accepts two tokens for the acquisition of NFTs. These tokens are; the XDC (XinFin’s native token) and BLKZ (BlockWorks native token).
All of the XDCNFT customers are required to have both of the 2 tokens to promote or purchase the NFTs of their alternative. Moreover, because the variety of XDCNFT customers will increase, the variety of BLKZ and XDC holders has additionally been rising.
Nonetheless, the XDC token could have a higher impression on shopping for as in comparison with the BLKZ token. It’s because XDC has extra circulation and utilization available in the market.
As well as, the elevated variety of XDC transactions on the XRC20 community will increase the market worth of the XDC token.