Crypto price prediction: XDC Network, Polkadot, dYdX

2023-07-21

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Cryptocurrencies remained in a good vary this week as Bitcoin continued to ping pong across the $30,000 help stage. The crypto worry and greed index consolidated on the impartial level at 52 whereas volumes remained low. This text will present predictions of among the prime performers in the course of the week, together with XDC Community, Polkadot, and dYdX.

XDC Community worth prediction

XDC Community is a small layer-1 and EVM-compatible community with enterprise grade options. It has greater transaction speeds and decrease prices. A few of the gamers in its ecosystem are Copper, Vinter, Fireblocks, and Fluent, amongst others.

XDC Community worth has been within the inexperienced prior to now 5 straight days and is now hovering on the highest stage since April 2022. At its peak, the token was up by greater than 41% from the bottom stage this month.

On the every day chart, the coin has moved above the 50-day and 25-day transferring averages, which is a bullish signal. Most significantly, XDC is hovering at an essential resistance level since this worth was the best stage on June 1st. The Relative Power Index (RSI) has moved to the overbought stage.

Due to this fact, XDC community’s rally will doubtless take a breather within the coming days. If this occurs, the following stage to look at can be at $0.035.

DYDX worth prediction

The DYDX token worth has performed nicely prior to now few days at the same time as trade quantity has eased. This efficiency occurred at the same time as quantity within the ecosystem dropped barely. It additionally coincided with the robust efficiency of different DeFi tokens like Maker and Compound.

The every day chart exhibits that the DYDX token rose from June’s low of $1.3653 in June to $2.14. It has moved above the 50-day transferring common whereas the Relative Power Index (RSI) rose above the impartial level. Quantity has been a bit low. Due to this fact, the token will doubtless stay on this vary in the course of the weekend.

Polkadot worth forecast

Polkadot has been in a good vary this week since there was no ecosystem information. It has remained above the help at $5.15, the essential help level at $5.15, the bottom stage on March tenth.

Polkadot worth has additionally remained barely above the 50-day transferring common whereas the Relative Power Index (RSI) has moved above the impartial at 50. It’s a few factors beneath the help at $5.72, the best level final week.

Due to this fact, the outlook for the coin is impartial, with the following stage to look at being at $5.72. A transfer above that stage in a high-volume setting will verify a bullish breakout.

Learn how to purchase Polkadot

Binance

Binance has grown exponentially because it was based in 2017 and is now certainly one of, if not the largest cryptocurrency exchanges in the marketplace.

Purchase DOT with Binance at present