XCAD token: Is a perfect bull run in the cards for this token?

• The XCAD token is primarily a blockchain platform for content creators, designed to let the YouTuber content producers have their tokens.
• Functioning like a fan token and NFT platform, the XCAD token rewards the viewers of its protocol for engaging with their content directly on YouTube.
• The token on Friday was witnessing a massive spike in interest from its investors as it was up by over 17% at the time of writing, according to CoinMarketCap.

The XCAD Network is primarily a tokenization platform for content creators, designed to let the YouTuber content producers have their version of cryptocurrency creator tokens. Functioning like a fan token and NFT platform, the XCAD token rewards the viewers of its protocol for engaging with their content directly on YouTube.

Unlike your sports fan tokens, the XCAD token is not about football clubs and their fans. Instead, it’s for YouTubers. The viewers can not only earn but also stake and trade tokens. This allows creators to earn passive income from their content while breaking the reliance on third parties and creating a richer and more engaging viewer experience for their audiences. The token on Friday was witnessing a massive spike in interest from its investors as it was up by over 17% at the time of writing, according to CoinMarketCap.

What is the reason for the XCAD token’s rally?

While the exact reason for the XCAD token’s rally is unclear, the token has witnessed good momentum over the past month. In fact, it has already amassed gains of over 39.6% in the past 30 days, leaving many prospective investors predicting a bull run for the token.

With the experts anticipating a bull market for most of the coins in 2024, it won’t be surprising to see if the token also sees massive interest. The XCAD token has consistently seen green over the past 14 days, registering 21.4% gains, according to CoinGecko.

The recent interest could also be on the back of the recent announcement of XCAD Single Asset Staking on the BNB Chain!

The XCAD token showcases strong bull trends and may go up from here. If one were to look at the charts, the token boasted an RSI of 68.71, indicating that buyers are increasingly interested in buying the token. The lines are moving upwards, suggesting this may increase if the momentum continues.

Image Credit: Trading View

Even the MACD indicates that the trend will likely continue with the XCAD token price, which may very well spike in the coming days. The MACD line is currently rearing its head above the signal line, indicating that a bull run is one of the cards for the XCAD token.

How is the XCAD token performing today?

Currently ranked 461 as per CoinMarketCap, the XCAD token was trading at $1.10 with a 24-hour trading volume of $85,69,799. The token held a live market cap of $5,07,18,508 and had a circulating supply of 4,62,06,753 XCAD coins and a maximum supply of 19,91,05,531 XCAD coins.

XCAD token’s future looks promising now, with KSI and Mr. Beast having invested in the token. As the interest grows, it would be safe to say that the followers of KSI and Mr Beast could also get involved, bringing in more money within the protocol.

Disclaimer

The information discussed by CoinCryptoverse does not offer any financial advice. This is for educational, entertainment, and informational purposes only. Trading in cryptocurrencies involves high risks, including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are highly volatile and may be affected by external factors such as financial, regulatory, or political events.