Trading Price of Chain (XCN) Surges Over 100% Ignoring Overall Market Downtrend

The month of May has proven to be extremely challenging for the entire cryptocurrency industry. In the respective month of May, the majority of the cryptocurrencies experienced huge losses.

The overall trend for the cryptocurrency market was bearish and it showed no point of recovery throughout the month.

While the majority of the cryptocurrencies experienced downtrends, some cryptocurrencies demonstrated strong growth. These cryptocurrencies have recorded bullish trends in the month of May.

Chain Experiences a Significant Surge


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Chain (XCN) has reportedly experienced a significant surge. The price graph for XCN shows that its trading price has continued experiencing a strong rally since May 19. A look at the performance of XCN from May 19 until now shows it has experienced a 120% rally.

A quick look at the price of XCN shows that from May 11 until May 31, it has surged more than 120%. In the particular date range, the trading price of XCN has risen from a low of $0.0712 to a high of $0.176.

Reasons behind the Growth of XCN

According to the analysts, three reasons have caused a huge surge in the trading price of XCN.

The first reason is that multiple exchanges have listed XCN on their platforms for trading purposes. The second reason is that BNB Chain integrates XCN into its protocol. The third reason is the partnerships XCN developers have formed with multiple projects.

One of the most notable partnerships that XCN has formed is with Stellar Foundation. Stellar Foundation has been working with XCN for a very long period.

Several Exchanges Enlist XCN

It was back in March when a new smart contract was deployed by the teams at Chain. With the deployment of the new contract, XCN has been rebranded as XCN.

After getting rebranded, XCN has been listed through multiple cryptocurrency exchanges. Some of the major cryptocurrency exchanges include Hotbit, Bitrue, Gate.io, Huobi, and KuCoin. Following the listing, the trading price of XCN has recorded a huge surge in its trading price.

The rise in the trading price of XCN was followed by a surge in the trading volume.

Integration on BNB Chain

The chain was also reportedly integrated into BNB Chain on May 11. From the date of integration until a week’s time period, XCN’s price surged to $0.14.

Partnerships formed by XCN Team

The XCN team has formed several partnerships in recent months. Apart from partnerships, Chain has also carried out many fundraisers. These fundraisers were backed by Visa, Orange, NASDAQ, Fiserv, Citigroup, Capital One, Pantera Capital, and Khosla Ventures.

The progress XCN has made in the recent months is an assurance that the price of the digital asset may surge significantly in the upcoming days.


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