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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Radix (XRD) Soars 18% On Heels Of Milestone RCnet Success

Christian Encila
Christian Encila
2 years ago
3 mins read
Radix

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Radix has kicked off 2023 with an impressive performance, as evidenced by XRD’s recent surge that conspicuously stood out atop the cryptocurrency charts. This surge can be attributed to the rollout of Babylon RCnet, which is Radix’s latest milestone release, incorporating novel features and capabilities for both developers and users. 

Specifically geared towards developers and early adopters, RCnet offers a robust set of front-end tools and standards, as well as a Core API that is poised to entice even the most seasoned exchanges. 

With these exciting developments in mind, the question remains: what does the future hold for XRD, and can it sustain its upward trajectory?

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Radix (XRD): Impressive Resilience With Notable Price Surges

The latest market data reveals that XRD has been on an impressive upward trajectory. Currently priced at $0.04800389 on Coingecko, XRD has rallied by 2.5% over the past 24 hours and an impressive 18.4% over the last seven days, exceeding its average price of $0.040893591 for the past month of trading. 

In addition to these remarkable price movements, Radix’s recent trading history also shows a strong short-term technical score, driven by bullish signals that further support the coin’s short-term potential. 

Radix’s (XRD) continues to demonstrate impressive resilience in the volatile crypto market, with its notable price surges and overall positive sentiment among traders.

Traders React Positively To Radix Roadmap Milestones

December was a momentous month for Radix, as it marked the launch of the highly-anticipated Babylon Betanet. This development served as an ideal launchpad, paving the way for an exciting start to 2023. 

Fast forward to January, and the news just kept getting better: XRD became readily available for purchase through debit or credit card transactions via Switchere. As if that wasn’t enough, Radix followed up with the launch of the Radix Grant Program – a major milestone for the ecosystem in the run-up to the much-anticipated smart contract launch. 

Radix Q1 2023 Output Hints At Bullish Trajectory For XRD

With six promising projects accepted onto the 12-week program, the Radix ecosystem is poised to receive a significant boost that could prove to be immensely valuable in the long run.

As the calendar flipped to February, the Radix team hit the ground running, not only to get the grant program projects up and running but also to participate in the Scrypto DeFi Challenge. With Scrypto as the native language for Radix developers, they had the opportunity to compete for a slice of the $50,000 prize pool.

XRDUSD pair currently trading at $0.04851 on the weekend chart at TradingView.com

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Below is the early version of the transaction review in the latest iOS Wallet preview build; it’s a step towards the mainstream-ready wallet vision shown at #RadFi

Get a taste of the future with insights into account activity, badges, & app interactions pic.twitter.com/tS6AAJgAGf

— Radix – Radically Different DeFi (@radixdlt) April 4, 2023

And just in time to wrap up the quarter, the Babylon RCnet officially went live. This was a significant milestone, as the 8,000 developers who have used Scrypto can now experiment with a core API for exchanges, more robust front-ends, and other exciting features.

-Featured image from Shutterstock

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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

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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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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