The price of altcoins is dipping but the XDC coin’s value has been rising for the past two weeks.
Yesterday the price of the XDC coin surged by more than 13% hitting a daily high of $0.06817 before tracing back to today’s price level of $0.06077. The coin has gained more than 7.8% in the last seven days and more 11.0% in two weeks.
In this article, we will focus on the reasons why XDC Network’s price has been rising in the past two weeks.
BlocksWorkz tech company launches XDCNFT Project
BlocksWorkz, a tech company, is one of the major reasons for the recent price rise.
The project is a Non-Fungible Token, (NFT) marketplace that uses XinFin’s blockchain technology (XRC20 network).
🚨XDCNFT Marketplace Now Live and Open Congratulations! #BlocksWorkzPlease join our team!! $BLKZIt is the native symbol. #XDCNFTBuilt on #XDC Network. Network is the best option to #opensea #NFT Marketplace ⚡ – Use XDCPay App & pay with #BLKZOr $XDCAt #xdcnft : https://t.co/uUYE2gopul
— euromandriver 🪙 Best Invest XDC (@BestInvest_XDC) April 28, 2022
The project’s new features
Even though it was launched at the beginning 2022 of this year, it continues to add new features and NFTs. It has also gained more traction through its NFT partnerships with XDCNFT.
XDCNFT also offers 1% transaction fees and no installation charges.
XDCNFT can only accept two tokens for NFT purchases. These tokens are; the XDC (XinFin’s native token) and BLKZ (BlockWorks native token).
All XDCNFT customers must have either one of these tokens in order to buy or sell the NFTs they choose. Moreover, as XDCNFT users increase, so does the number BLKZ/XDC holders.
The XDC token, however, will have a stronger impact on purchasing than the BLKZ token. Because XDC is more widely used and circulated in the market, this is why it has a greater impact on buying.
Additionally, the increased number XDC transaction on the XRC20 network raises the market price for the XDC token.