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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Radix Bullish Pattern Boosts XRD Price With 52% Rally

Christian Encila
Christian Encila
2 years ago
3 mins read
Radix

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Created by industry experts and meticulously reviewed
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Radix (XRD), the blockchain platform known for its advanced technological capabilities, has recently experienced a major surge in its XRD price, thanks to a bullish pattern that has caught the attention of investors worldwide. 

With a staggering 52% rally, this latest development has catapulted Radix into the spotlight, and many are eagerly watching to see where this cryptocurrency player will go next. 

And with the world of DeFi gaining more traction every day, Radix’s innovative approach to solving scalability issues on blockchain networks has investors feeling upbeat about the platform’s future. 

Could this be the beginning of a DeFi revolution led by Radix?

Radix’s Latest Milestone Release Boosts XRD Price By Over 50%

Subsequent to the launch of Babylon RCnet, Radix’s latest milestone release, the native token XRD has witnessed an astonishing surge in its price. At the time of writing, XRD is currently priced at $0.068021 on Coingecko, with a remarkable 24-hour rally of 31.8% and an even more impressive seven-day rally of 51.8%. 

Moreover, the coin’s recent trading history reveals a robust short-term technical score, driven by a series of bullish signals that further affirm XRD’s potential in the near term. 

Despite the volatile nature of the crypto market, Radix’s XRD continues to demonstrate impressive resilience, making it an attractive option for traders looking for a promising investment opportunity.

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Radix (XRD) Price Prediction: Is $0.10 Within Reach?

With the recent launch of Babylon RCnet, XRD has surged to impressive heights. But can the coin sustain this momentum and reach even greater heights?

According to some analysts, a price of $0.10 for XRD is not out of the question. With its innovative approach to DeFi and its strong short-term technical score, XRD is well-positioned to continue its upward trajectory. Additionally, the overall positive sentiment surrounding the coin among traders could help to further fuel its growth in the coming weeks and months.

Babylon upgrade date confirmed: July 31st 2023.

The upgrade from Olympia to Babylon will pave the way for global Web3 & DeFi to finally exit the “tech demo” stage with a mainstream-capable user and developer experience.

Read more: https://t.co/XSRWWoLobE

— Radix – Radically Different DeFi (@radixdlt) April 11, 2023

However, as with any investment, there are always risks to consider. The crypto market is notoriously volatile, and XRD’s price could experience significant fluctuations in the short term. Investors should conduct their own research and assess their risk tolerance before making any investment decisions.

Crypto total market cap goes up a few digits and currently at $1.21 trillion on the daily chart at TradingView.com

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Solana Sparkles With Highest 24-Hour Gain Among Top 10 Cryptos

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Despite these potential risks, the future looks bright for Radix’s XRD. With its recent surge in price and promising developments on the horizon, many investors are feeling bullish about the coin’s potential for long-term growth in the DeFi space.

-Featured image from the Coin Republic

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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