{"id":18853,"date":"2022-06-04T10:24:05","date_gmt":"2022-06-04T10:24:05","guid":{"rendered":"http:\/\/egrowonline.com\/?p=18853"},"modified":"2022-06-04T10:24:05","modified_gmt":"2022-06-04T10:24:05","slug":"ethereum-based-altcoin-skyrockets-70-in-just-10-days-thwarting-crypto-market-trend","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=18853","title":{"rendered":"Ethereum-Based Altcoin Skyrockets 70% in Just 10 Days, Thwarting Crypto Market Trend"},"content":{"rendered":"


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One surging Ethereum-based altcoin is defying the bear market as it trends higher while the broader crypto markets struggle.<\/p>\n

XCN,<\/a> the governance and utility token for cloud blockchain protocol Chain, has surged by more than 70% in the past 10 days while most other crypto assets have moved sideways.<\/p>\n

XCN was trading around $0.10 on May 25th and is now priced at $0.174 at time of writing. The asset has also climbed<\/a> up the crypto market cap rankings, going from 51st in mid-May to 28th this week.<\/p>\n

The company has also announced that it is continuing to hire new employees despite widespread stagnation in the crypto markets.<\/p>\n

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Long weekend is over and dreading the next work day? Find a better job and grow your career #Chain<\/a>. Incredible team, amazing products and the energy to drive innovation. Help build the next generation of #developer<\/a> designed blockchain products with us. https:\/\/t.co\/q95HG1ebTD<\/a> pic.twitter.com\/X5miq84QWm<\/a><\/p>\n

\u2014 Chain (@Chain) May 30, 2022<\/a><\/p>\n<\/blockquote>\n

XCN also became available<\/a> on BNB Chain last month, the blockchain network of Binance, the world\u2019s largest crypto exchange platform by volume. Via BNB Chain, the crypto asset can now also be deposited using the Huobi, Gate.io and KuCoin crypto exchanges platforms.<\/p>\n

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#XCN<\/a> can now be bridged and deposited via @BNBCHAIN<\/a> using Huobi, Gateio, and Kucoin exchanges. Access low fees & fast block times with #BNBCHAIN<\/a> $XCN<\/a>. pic.twitter.com\/a9ImS2UfsU<\/a><\/p>\n

\u2014 Chain (@Chain) May 19, 2022<\/a><\/p>\n<\/blockquote>\n

On Friday, Chain announced<\/a> it had burned a staggering $2.6 billion worth of XCN, more than 22% of the token\u2019s total supply, under a new governance shift.<\/p>\n

As stated by Chain CEO Deepak Thapliyal,<\/p>\n

\u201cThe XCN token burn signifies the shift toward Chain\u2019s decentralized DAO [decentralized autonomous organization] governance. This milestone recognizes both XCN\u2019s impact on Web 3.0 development and the innovators who have used it to build on Chain.\u201d<\/em><\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/Fotomay\/Nikelser Kate<\/em><\/span><\/p>\n<\/p><\/div>\n


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One surging Ethereum-based altcoin is defying the bear market as it trends higher while the broader crypto markets struggle. XCN, the governance and utility token for cloud blockchain protocol Chain, has surged by more than 70% in the past 10 days while most other crypto assets have moved sideways. XCN was trading around $0.10 on […]<\/p>\n","protected":false},"author":1,"featured_media":18854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[349,62,355,245,219,5032,8722,654],"class_list":["post-18853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoin","tag-crypto","tag-days","tag-ethereumbased","tag-market","tag-skyrockets","tag-thwarting","tag-trend"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/bear-be-brutal.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18853"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18853\/revisions"}],"predecessor-version":[{"id":18855,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18853\/revisions\/18855"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/18854"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18853"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}