But then, the initial price action might be a bit slow; XDC is a low-key asset, and the crypto market isn’t currently all that exuberant. The daily price analysis chart reveals a falling wedge — a bullish pattern keeping the current market condition in mind. Notice that XDC is trying to breach the upper trendline, which is also a bullish indication. As a blockchain, it is EVM-compatible and boasts the dPoS consensus — the backbone for faster transactions. Based on the direction DigitalNote is heading, our technical analysis suggests that this cryptocurrency is currently a good investment. Over the last 7 days, DigitalNote has been showing bearish signs as the coin dropped 5.76%.

DigitalNote Short-term Price Prediction

This is a short-term price prediction/forecast, includes only the next 10 days, updated every 5 hours. Clearly, XDC is fundamentally strong and benefits from a transparent tokenomics model. However, moving to technical analysis is necessary to identify the price patterns.

DigitalNote Price Prediction for Tomorrow and Next Week

While the XDC token could definitely have a bright future ahead of it, we believe that long-term XDC holders should set their sights on price targets much lower than $100. If we see another major cryptocurrency bull run similar to 2021, it’s reasonable to expect XDC to match or even exceed its all-time high price of $0.194. However, even reaching $1 could be a challenge for XDC, as it would imply a market cap of well over $10 billion. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 845 exchanges. Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

What will be the price of DigitalNote after 1 year?

These figures suggest that the turnover ratio — trading volume/market cap — has been higher recently. This development suggests that XDC is less volatile at the time of writing. When compared to its peak market cap and trading volume, XDC dipped significantly in early 2023. However, as of Jan. 16, 2023, the trading volume was $2.85 million, and the market cap was $338.47 million. A listing on either Binance or Coinbase (or both) could provide serious upwards momentum for the XDC price and make the token more easily accessible to millions of cryptocurrency investors.

  1. Technicalanalysis and chart patterns can provide insight, but predictions on our websiteshould be viewed as directional indicators rather than definitive forecasts.
  2. The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.
  3. However, moving to technical analysis is necessary to identify the price patterns.
  4. Firstly, XDC has a widespread trading market, with KuCoin’s XDC-USDT pair dominating the trading volume.
  5. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic DigitalNote prediction.
  6. Look at this coin more cautiously please check the coin page and do more research.

The year 2023 has been eventful for DigitalNote, prompting a simplified price prediction categorized into short-term and long-term expectations. The current trading volume for DigitalNote has increased by +29.66% over the past 30 days. DigitalNote traders use a variety of tools to try and determine the direction in which the XDN market is likely to head next. We also gather additional information from different sources to ensure we cover all necessary data or events.

When the price falls below the lower band, it may indicate that the asset is oversold and a buy signal. At the lowest point in 2023 — $0.0169 — we expect XDC to be under massive selling pressure. After this, we can expect a high that actually adheres to the average low-to-high values. In a volatile market, it is difficult to pinpoint the exact location of a high or a low. However, to see when this level is breached (tentatively), we need to locate the distance and price changes from the highs to lows and lows to highs. Before joining CoinCodex, Emma had been covering stories at the intersection of culture, entertainment, and technology.

The XDC Network supports smart contracts functionality and is compatible with the EVM (Ethereum Virtual Machine). This means that developers who want to deploy smart contract-based applications on the XDC Network can use the well-established set of tools which is used in Ethereum smart contract development. In terms of consensus, the XDC Network utilizes the XinFin Delegated Proof-of-Stake (XDPoS) consensus mechanism, which is designed to provide efficiency, decentralization and flexibility.

Over the past 7 days, DigitalNote price was most positively correlated with the price of and most negatively correlated with the price of . DigitalNote’s current circulating xdn price prediction supply is 8.03B XDN out of max supply of 10.00B XDN. The current yearly supply inflation rate is 0.10% meaning 8.24M XDN were created in the last year.

The DigitalNote application itself is not controlled by anyone without having a management person. To get a better idea of what could happen to the DigitalNote price in the future, it’s helpful to also explore DigitalNote’s price history. March is the best month, and November is the worst by analysing data of the last eleven years. The table below illustrates the percentage of profitability based on the timing of the investment.

The first tangible growth of the XDN token was in 2018, which led to a 4-fold increase in the price of the coin. After that, a correction began, which resulted in the growth of XDN going down. As of now, DigitalNote’s circulating supply is 8.03B, contributing to a market capitalization of $191.37K. If you would like to know where to buy DigitalNote at the current rate, the top cryptocurrency https://turbo-tax.org/ exchanges for trading in DigitalNote stock are currently HitBTC, and PancakeSwap. DigitalNote describes itself as a decentralized Proof-of-Work(bmw512)/Proof-of-Stake(echo512) hybrid blockchain with fast, and encrypted messaging features. The network is reportedly resistant to 51% attacks via its VRX v3.0 technology and it is mobile-ready with lightweight wallet functionality.

It factors in the recent hourly prices of XDN and the present market trend, although the actual price may differ. Below is the chart illustrating the short-term price prediction for DigitalNote. Moving averages are among the most popular DigitalNote price prediction tools. As the name suggests, a moving average provides the average closing price for XDN over a selected time frame, which is divided into a number of periods of the same length.

Could the price of XDC move toward the immediate high or resistance level of $0.03820? If you’re interested in learning more about compelling opportunities in the crypto markets at the moment, check out our list of the best coins to buy now. As of the most recent trading session, DigitalNote (XDN) has a trading price of$0.00002,and a market cap of$0. Since 2017, DigitalCoinPrice has become one of the trusted brands within the crypto community.

Doing so will help us predict the price action of XDC in the short and long term. As a trader, it is crucial to have access to the latest tools and resources to stayahead in the ever-evolving market. By signing up with us, you will gain exclusive accessto an extensive array oftrading resources, including advanced DigitalNote price analysis,state-of-the-art XDN trade signals, and much more. These resources arespecifically designed to assist traders in making informed decisions and maximizingtheir returns. Join us today and elevate your trading strategy to new heights withour expertly curated resources. With our cutting-edge tools and analysis, you willbe well-equipped to navigate the market and achieve success in your tradingendeavors.

Byimplementing advanced machine learning algorithms to process and interpret thisdata, we strive to predict the potential trajectory of DigitalNote’s pricemovements. Our methodology is further detailed on our website’smethodology page, where you can find in-depth explanations of each indicator and howthey contribute to our forecasting process. Our goal is to provide traders andinvestors with reliable and accurate predictions, empowering them to make informedinvestment decisions. The crypto market is known for its high level of volatility, making it difficult toaccurately predict future prices using traditional forecasting methods. However,technical analysis can provide valuable insights into potential price movements. Itis important to keep in mind that our predictions are based on historical data andshould not be considered financial advice.

It’s crucial to note that our prediction is provided for informational purposes only and should not be considered as investment advice. The trading volume of DigitalNote (XDN) is $47.06 in the last 24 hours, representing a -25.10% decrease from one day ago and signalling a recent fall in market activity. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the XDN price moves above any of these averages, it is generally seen as a bullish sign for DigitalNote. Conversely, a drop below an important moving average is usually a sign of weakness in the XDN market.