On Tuesday, we stated that it appeared Bitcoin was starting its reversal, but the crypto market has always been notorious for its volatility. Bitcoin will need a little more time before it can start making new highs in the short term. No crash event should materialize despite rampant selling in almost every market, and Bitcoin will continue to advance, albeit with elevated volatility along the way. When we do finally see a sustained retrace in BTC, altcoins will have their long-awaited rally. The entire altcoin market is on sale at the moment, and we feel now is the time to continue accumulating. In today’s briefing, we would like to highlight one of our top conviction altcoins. In past briefings, we have gone into depth about the fundamentals of XDC and what XinFin is doing to disrupt the global trade industry. Recently, a report was published from the World Economic Forum and World Trade Organization about the benefits of digitization in global trade. XDC was specifically mentioned as being used by Tradteq to provide more efficiency to global trade, and acknowledged as a potential vehicle to enhance cross-border exchange.
It is only a matter of time before blockchain and distributed ledger technology will be used to automate the trade finance space and tracking of supply chains while simultaneoously increasing liquidity. Since XDC and XinFin have integrated themselves throughout this sector by partnering with major institutions, this is a blockchain that we feel extremely confident in. The majority of digital assets that exist right now won’t survive the inevitable washout we will see in the future, but XDC will certainly be a coin with longevity.