1 Uphold recently announced they would add XDC to their platform 2 Stong marketing action behind the coin (national sports team) 3 It is an ISO 20022 coin 3 Technical analysis is showing strong set up 4 Very much undervalued coin (still small 800 million market cap) 5 Supported by the World Trade Organisation who are backing this technology
For all theese reasons I took a BIG position in XDC (13% of my portfolio - position number 4) I even sacrificed other top projects, since the opportunity seemed very compelling.
On a technical side XDC has convincingly broken out against Bitcoin, out of a bullish wedge, after a 70% correction from ATH. MACD has just crossed on the weekly time frame. Volume is picking up.
All this indicators are bullish XDC
Most importantly if XDC is bullish, that is bullish for BTC and the overall cryto market.
In fact I do not buy all the bearishness in the market.
I will publish 2 further Top picks and show how I believe the Bitcoin domninance is giving us a hint on the overall digital asset market.