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That's why XDC Network (XDC) has been soaring in the last 2 weeks



 While the majority of altcoins are falling, the XDC coin price has rallied over the past two weeks.


Yesterday, the XDC coin price surged more than 13% to hit an intraday high of $0.06817 before retreating to today's price level of $0.06077. The coin is up over 7.8% in the past seven days and over 11.0% in the past two weeks.


In this article, we will focus on the reasons why XDC Network's price has increased in the last two weeks.


Launch of the XDCNFT project by the technology company BlocksWorkz

One of the main reasons for the current price increase is the launch of the latest project (XDCNFT) by the technology company BlocksWorkz.


The project is a non-fungible token (NFT) marketplace using XinFin blockchain technology (XRC20 network).



The new features of the project

Although the project started earlier this year, 2022, more and more new features and new NFTs were added. The NFT partnerships with XDCNFT have also seen it gain traction.


In addition to these new and exclusive features, XDCNFT offers only 1% transaction fees and free installation.


XDCNFT-Token

XDCNFT only accepts two tokens for the purchase of NFTs. These tokens are: XDC (XinFin's native token) and BLKZ (BlockWorks' native token).


All XDCNFT users must have one of the two tokens in order to sell or buy the NFTs of their choice. Also, as the number of XDCNFT users has increased, so has the number of BLKZ and XDC holders.


However, the XDC token will have a bigger impact on the purchase compared to the BLKZ token. This is because XDC has more spread and usage in the market.


In addition, due to the increased number of XDC transactions on the XRC20 network, the market price of the XDC token increases.


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