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Highlights
- Built on top of the Ethereum blockchain network before it migrates to the Zilliqa blockchain, the XCAD Network (XCAD) as a protocol offers a unique opportunity to the content creators with Defi tools to create unique content.
- Increased engagement would mean the content creators would have a chance to earn rewards as well based on increased attention.
- The 334th- ranked XCAD crypto on Thursday was trading at US $4.62 with a 24-hour trading volume of $19,212,217, according to CoinMarketCap.
Built on top of the Ethereum blockchain network before it migrated to the Zilliqa blockchain in October 2021, the XCAD Network (XCAD) as a protocol offers a unique opportunity to the content creators with Defi tools to create unique content.
Increased engagement would mean the content creators would have a chance to earn rewards as well based on increased engagement. The protocol offers a variety of products and features which help the content creators to engage better with their fans and increase revenue streams.
The token witnessed a rally on 28 April, it was up by over 3% and a volume gain of 19%.
Also read: Mantra Dao (OM) crypto: Why is it rallying today?
Why is XCAD crypto rallying?
Although the exact reason for XCAD’s rally is still not known, it could be due to the rumours of its possible integration with Metapolis. On 5 April, Metapolis was the latest metaverse service launched on the Zilliqa blockchain chain. Many market participants believe that the combination may help the XCAD protocol extend its entry into the metaverse world.
Currently, XCAD Network offers the users exposure to the NFTs wherein the creators can enable a one-click creation of unique and limited edition NFTs and trade them on the NFT marketplace.
The blockchain platform offers several products, like an XCAD decentralised exchange (DEX), XCAD yield farm, etc. The users can stake and mint their respective XCAD tokens to earn additional income.
The content viewers can purchase creator NFTs in a non-cryptographic manner and use them to exchange them with others. The primary focus is to enhance mass adoption and allow the fiat on-ramp and other technologies to improve usability.
Also read: Hedera (HBAR) crypto: How soon can it come out of its bearish phase?
XCAD crypto’s price performance
The 334th- ranked XCAD crypto on Thursday was trading at US$4.62 with a 24-hour trading volume of $19,212,217, according to CoinMarketCap. The XCAD crypto was up by 3.22% in the last 24 hours. The XCAD was witnessing a live market cap of US$ $112,212,441 and 24,308,236 XCAD coins in circulation.
XCAD’s rally has been consistent in the past 14 days and has witnessed a massive rally of over 77%. Even in the past week or so, it has amassed 34%, making them “a few good days” for the token.
However, as they say, nothing lasts forever, the market participants need to be wary of volatility and sudden price changes of the token. While the rally would be heartening, one must understand that entering crypto markets without market research can be a risky affair. Thus, one must study market trends properly before entering them.
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