- XDC price hits 52-week high after SBI VC Trading collaboration.
- A bullish trend emerges in the XDC market, driving prices up by over 19%.
- The overbought XDC market suggests a potential short-term pullback.
Early in the day, bears dominated the XDC Network (XDC) market; however, support was eventually achieved at the $0.04639 low. As a result, buyers were able to counteract the selling pressure, sending the XDC price soaring to a 52-week high of $0.06024 before a modest retreat.
This price spike was fueled by positive news about the project’s relationship with the Japanese cryptocurrency trading platform SBI VC Trading to sponsor WebX 2023. WebX 2023 is a widely anticipated event in the cryptocurrency sector that will draw worldwide attention and boost investor trust in XDC.
XDC Network is thrilled to announce that we are a Gold Sponsor of @WebX_Asia organized by @coin_post , a premier event in Japan!After the strategic partnership with @sbivc_official, this sponsorship will further enhance our presence in the Japanese market, and we can't wait… pic.twitter.com/KnKG2mSUrf
— XinFin (@XinFin_Official) July 20, 2023
The collaboration with SBI VC Trade …
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The post XDC Price Surges to 52-Week High Amid SBI VC Trading Collaboration appeared first on Coin Edition.