XDC Network has seen a spike of more than 100% in the last two weeks, slightly outperforming many major cryptocurrencies that were struggling just a few days ago. The price, which is currently at $0.13, could be just the beginning of a major spike, as some crypto analysts are seeing the potential for significant increases for the token.

Crypto influencer Lee the Captain shared his bullish outlook on XDC Network. He suggests that a price target of $3 is realistic during the current bull run. His analysis delves into market dynamics, technological capabilities, and growing institutional interest in the blockchain space.

According to Lee the Captain, projects focused on global trade and finance are gaining significant traction in the cryptocurrency market. He draws parallels between XDC and established players like XRP (Ripple) and XLM (Stellar), noting that investors are actively seeking the next breakthrough project in this sector.

The timing appears particularly favorable, with Mordor Intelligence projecting the global trade and finance market to reach $5 trillion by 2028. Additionally, the current payments market already boasts a valuation exceeding $2 trillion, highlighting the massive potential for blockchain solutions in this space.

XDC Network features an enterprise-grade blockchain protocol specifically designed for global trade and finance applications. Lee emphasizes a crucial technical advantage: XDC’s integration with ISO 20022, an electronic data interchange standard widely adopted by financial institutions worldwide for interorganizational data exchange.

The protocol’s compatibility with legacy systems, including Swift payment databases, positions it favorably for mainstream adoption. Lee the Captain points out that the network’s reported capability to process over 2,000 transactions per second further strengthens its case for enterprise use.

Read More: Dogecoin (DOGE) Mirroring Bitcoin Bullish Path; Ethereum (ETH) Eyes Promising Breakout

When analyzing the $3 price target, Lee the Captain breaks down the numbers pragmatically. With this target representing a 28x increase from current levels, the resulting market capitalization would be approximately $45 billion.

He contextualizes this by comparing it to historical peaks of other cryptocurrencies – BNB has exceeded $100 billion, while Dogecoin once reached over $80 billion.

The broader market conditions also appear supportive. Crypto.com research indicates cryptocurrency ownership has reached over half a billion users, roughly double the peak observed during the 2021 bull run. The launch of Bitcoin ETFs and increasing institutional interest create a favorable environment for growth.

Read More: Pro-Ripple Lawyers Provide an Update on XRP vs SEC Case: ‘We Aren’t Holding Back!’

Lee the Captain takes a measured approach to investing in XDC. Rather than advocating for all-in positions, he emphasizes dollar-cost averaging. Drawing an interesting analogy from the crypto space, he describes XDC as his “Batman” and XCN as his “Robin” in his investment portfolio, contrasting with the traditional XRP (Batman) and XLM (Robin) pairing that many traders follow.

The positive sentiment surrounding XRP’s regulatory clarity and the overall upward trajectory of the crypto market could provide additional tailwinds for XDC. Lee suggests that if Bitcoin reaches price targets between $150,000 and $250,000, it could catalyze significant growth for XDC and similar projects in the global trade and finance sector.

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The post Is a Spike to $3 Realistic for XDC Network Tokens? XDC Price Prediction appeared first on CaptainAltcoin.

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