The cryptocurrency market has recently witnessed significant movements, particularly with altcoins like XRP and XDC experiencing notable surges. XDC, the native token of the XDC Network, has ascended into the top 100 cryptocurrencies by market capitalization. Despite this achievement, many experts believe that XDC and XRP still remain undervalued, especially considering its growing adoption by governments and major financial institutions.
The live XRP price today is $2.28 USD with a 24-hour trading volume of $32,171,096,957 USD. The current CoinMarketCap ranking is #3, with a live market cap of $130,027,941,461 USD. It has a circulating supply of 57,051,491,087 XRP coins and a max. supply of 100,000,000,000 XRP coins.
RippleNet, powered by XRP, has recently expanded its services to include digital asset custody for banks and fintech firms, enhancing its cross-border payment solutions. This move aims to provide secure storage for digital assets, addressing a critical need for institutional clients. Additionally, Ripple has launched a new fund to drive blockchain innovation in Japan and South Korea, further solidifying its presence in the Asia-Pacific region. These developments underscore Ripple’s commitment to advancing blockchain technology and expanding the utility of XRP in global financial systems.
Both XRP and XDC Network play pivotal roles in the transition to ISO 20022, the global standard for financial messaging designed to enhance interoperability, efficiency, and data richness in payment systems. This alignment positions them as foundational assets in the future of cross-border payments and trade finance.
The live XDC Network price today is $0.07172 USD with a 24-hour trading volume of $70,618,948 USD. XDC Network is up 12.81% in the last 24 hours. The current CoinMarketCap ranking is #99, with a live market cap of $1,008,360,592 USD. It has a circulating supply of 14,932,919,360 XDC coins with a total supply of 37.95B XDC.
Government and Institutional Adoption Driving XDC’s Growth
The XDC Network has strategically positioned itself as a leading blockchain platform for enterprises and governments. Its enterprise-grade infrastructure, combined with recent upgrades like XDC 2.0, has enhanced its scalability, security, and regulatory compliance, making it an attractive choice for various sectors.
A significant milestone for the XDC Network was its integration with TradeTrust, a digital utility that facilitates the exchange of electronic trade documents. This collaboration underscores XDC’s commitment to enhancing transparency and security in global trade and aligning with international standards and regulations.
Furthermore, the XDC Network became the first blockchain selected as a member of the Trade Finance Distribution Initiative (TFDi), a consortium of trade originators, credit issuers, and institutional funders. This membership highlights the network’s growing influence in the trade finance sector.
Technological Advancements Enhancing XDC’s Appeal
The launch of XDC 2.0 marked a significant upgrade to the network’s consensus mechanism, introducing military-grade security and forensic monitoring. This upgrade enhances the network’s resilience against attacks and systemic failures, addressing concerns of institutional users regarding blockchain security.
Additionally, XDC 2.0 introduced a user-friendly architecture for subnets, allowing institutions to deploy their permissioned blockchains within the XDC ecosystem. This feature provides the privacy and control that enterprises and governments require, further driving adoption.
Expert Perspectives on XDC’s Valuation
Despite these advancements and growing adoption, experts argue that XDC’s current market valuation must fully reflect its intrinsic value and potential. The network’s focus on real-world asset tokenization, particularly in trade finance and global payment, positions it at the forefront of the blockchain space. The successful tokenization of assets like U.S. Treasury bonds and physical gold on the XDC Network demonstrates its capability to bridge traditional finance with blockchain technology.
Moreover, the network’s compliance with regulatory standards and partnerships with institutions like Securitize and SBI Holdings highlight its readiness for mainstream adoption. These developments suggest that XDC is undervalued relative to its technological capabilities and strategic alliances.
The XDC Network’s recent technological upgrades and growing adoption by governments and financial institutions underscore its potential as a leading blockchain platform. While its market valuation has seen positive movement, experts believe that XDC remains undervalued, considering its advancements and strategic positioning. As the network expands its ecosystem and demonstrates real-world utility, its value may become more apparent to investors and the broader market.
XDC Network Market
As of December 2, 2024, XDC Network (XDC) is trading at approximately USD 0.070741, with a 24-hour trading volume of USD 37,431,329. This positions XDC at a market capitalization of around $908,426,715 USD. CoinMarketCap shares the lists of exchanges that provide buy option for XDC. There are 50+ options to buy XDC from the market using USDT, XRP, BTC, ETH, SOL, and also fiat. Here are a few notable platforms where XDC and XRP tokens can be bought easily: KuCoin: Offers the XDC/USDT and XRP/USDT trading pair. Bitstamp, Gate.io, MEXC, and Bitrue support XDC and XRP trading pairs with favorable liquidity. Compare prices and liquidity across these exchanges to secure the most favorable rates when purchasing XDC tokens.
