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.
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