Is XDC Network (XDC) rallying on Panama crypto news? – Kalkine Media

Is XDC Network (XDC) rallying on Panama crypto news? – Kalkine Media

Blockchain Crypto Market Technology
May 2, 2022 by Coinvasity
24
Events that impact markets, stocks, IPOs, commodities, forex from regional to international – We’ve got it all covered.Your go-to page for detailed info on US-listed companies – from their origin to latest updates to contact information. Seasoned investors or newbie traders, our financial education corner has something for everyone.Most talked-about topics globally, and why they matter. Is XDC Network (XDC) rallying on Panama crypto news?After completing his graduation in English literature, Rupam
wp-header-logo-16.png

Events that impact markets, stocks, IPOs, commodities, forex from regional to international  We’ve got it all covered.
Your go-to page for detailed info on US-listed companies – from their origin to latest updates to contact information. 
Seasoned investors or newbie traders, our financial education corner has something for everyone.
Most talked-about topics globally, and why they matter.
Is XDC Network (XDC) rallying on Panama crypto news?
After completing his graduation in English literature, Rupam briefly worked in content management and digital marketing. At Kalkine, he writes on the US markets. His hobbies include composing songs and music….
Sanjeeb is a senior journalist who has been in the media for nearly two decades. He wrote on various topics, from politics, international relations, business to wildlife. At Kalkine, he writes on stock markets, companies, equities, and IPOs, etc….
While the global crypto market slumped, the XDC Network (XDC) crypto rallied with Panama considering adopting Bitcoin and other cryptocurrencies, including XDC, making it the latest Central American country to embrace the digital coins. 
The global crypto market fell 3.75% to US$1.76 trillion on Friday afternoon, while its one-day volume decreased by 2.06% to US$87.40 billion. In contrast, the XDC token price rose 9%, while its volume jumped over 97%.
Also Read: What is Secret (SCRT) crypto and why is it drawing attention?
The XDC Network, formerly XinFin Network, is powered by interoperable smart contracts. The network claims to be a decentralized, hybrid blockchain platform.
XDC is equipped with a combination of private and public blockchains. According to the company, the XDC Network is a highly optimized, bespoke fork of Ethereum and ConsenSys’s Quorum. It claims to reach consensus through a delegated proof-of-stake (dPOS) mechanism.
It claims to execute more than 2,000 transactions per second and has nearly zero gas fees. Its dPOS mechanism doesn’t require complicated blockchain infrastructures.
Also Read: Why is Arweave (AR) crypto rallying?
Several decentralized applications (DApps) have already started building around the network. Its EVM compatibility, smart contract support, quick transactions, and near-zero gas fees have attracted a large pool of developers to build apps on the XDC network.
The XDC Network was founded by Atul Khekade and Ritesh Kakkad in 2019. The token is available for trading on various exchanges like Bybit, KuCoin, Gate.io, etc.
Also Read: What is socialize-to-earn Gamium (GMM) crypto? Things to know
Panama has become the latest Central American country to embrace Bitcoin, after El Salvador, Lugano, etc. The Panamanian lawmakers have approved a bill to regulate the Bitcoin trade and other cryptos. They also approved the use of cryptos for private transactions and paying taxes.
Congressman and one of the bill’s advocates, Gabriel Silva, said the National Assembly passed the bill, and it will now be sent to Panama President Laurentino Cortizo for his signature.
Panama may also allow cryptocurrencies like Litecoin (LTC), XDC Network (XDC), Stellar, XRP, ETH, etc. These developments may have led to the XDC crypto rally on Friday.
Also Read: Ondo Finance’s DAO, native token coming soon with US$20 mn capital boost


XDC Network crypto price and performanceData Source: CoinMarketCap.com
The XDC crypto was priced at US$0.06126 at 2:30 pm ET on April 29, up 9.69%, while its volume for the trailing 24 hours soared 97.61% to US$12.32 million. It has a market cap of US$753.79 million, and its fully-diluted market cap is over US$2.29 billion.
The token’s total supply is 37.70 billion, and its current circulating supply is over 12.31 billion. The token returned 12.42% gains in the last 7 days while increasing 4.52% over the last 30 days.
Also Read: GMT and FITFI cryptos: Is move-to-earn the next big thing?
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.

Copyright © 2022 Kalkine Media LLC. All Rights Reserved.

By submitting my details and clicking on the “ACCESS NOW” button above, I agree to Kalkine Media’s Terms and Conditions and Privacy Policy.
I agree to receive marketing calls from Kalkine Media and its group entities on the phone number I have provided above. I understand and agree that these calls may be placed using an auto-dialer and that my consent is not a condition of any purchase.

source

Add a comment