XDC and ArchaX Partnership Lead to 30% XDC Price Surge
- XDC token price jumped by around 30%, trading above $0.09.
- XDC Network partnered with ArchaX to drive RWA tokenization and development.
The market turned green again after Bitcoin reclaimed its $100,000 mark yesterday. With Ethereum touching the $4,000 price level and XRP, BNB, Cardano, Tron performing exceptionally, the crypto market is maintaining a $3.62 trillion market capitalization. Adding to the series of well-performing altcoins, XDC gained around 30% today and is trading at around $0.09.
The XDC token entered the top gainers list on CoinMarketCap today with around a 30% price surge. It was trading in the $0.06 price range a couple of days ago and is now past above the $0.09 price level. The market cap is a staggering $1.47 billion with a 22% raise and the trading volume is $142.87 million, up by 185%.
XDC and ArchaX Collaborate For RWA Tokenization Development
The XDC Network and ArchaX platform announced a partnership to work together in RWA tokenization and development. ArchaX is one of the digital securities exchange platforms to be regulated by the UK’s FCA. On the other hand, XDC Network is a layer1 blockchain that aims to redefine the trade finance industry with the help of advanced concepts like RWA.
Together with this partnership, XDC and ArchaX are looking towards a future where financial institutions easily access tokenized real-world assets. They strive towards achieving a cost-effective and efficient method to make RWA tokenization accessible with innovative solutions.
Right after the partnership announcement in the evening hours of Friday, the XDC token price went up from $0.07 to as high as $0.11. However, it is trading at $0.096 at the press time with a small price correction. The super active crypto community, which is a result of ongoing crypto bull run, is the major reason behind this price surge within a few hours after the announcement.
We have already witnessed how ACX and ORCA prices skyrocketed yesterday after Binance crypto exchange announced to list their spot trading pairs on the platform. The crypto market is already volatile and highly sensitive to market news and announcements, which is further enhanced with the current bull run.
Highlighted Crypto News Today:
Stablecoin Issuer Tether Mints $2B USDT on Tron and Ethereum
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hedera Token Sees $2B Trading Spike Amid 5% Rally
ChatGPT’s head of product to testify in the DOJ’s antitrust case against Google
Share link:In this post: ChatGPT’s head of product, Nick Turley, has been added as a witness for the United States Department of Justice (DOJ) in its antitrust case against Google. Nick Turley is the latest addition to the witness list that features representatives from Perplexity and Microsoft. Google ramps up preparation for Turley’s testimony by asking for documents related to the hearing from OpenAI through a subpoena.
SEC charges New York blockchain engineer over GME rug pull fraud
Share link:In this post: Eric Zhu settled SEC fraud claims for orchestrating a rug pull scheme involving Game Coin. Zhu allegedly misappropriated $553K by moving unlocked liquidity provider tokens to his control. The case marks one of SEC Chair Gary Gensler’s final enforcement actions.