XCN has been in the cryptocurrency market for quite a long time now. They are a company, that offers the platform for new companies to enter the crypto market. Chain provides the companies with all the necessary protocols required to launch a blockchain. They also help the companies to connect with other renowned networks in the crypto market. However, Chain seems to be in the best time.
The company has been performing exceedingly well in the market at the moment. This is quite contradictory to the fact that May has not been going great for the cryptocurrency market. Most of the big-name companies have suffered during this period. Players like Bitcoin have suffered a significant dip in their prices. Under such circumstances, the performance of Chain has raised quite a lot of eyebrows. XCN has rallied to a whopping spike of over 100% throughout the month.
The start of the month was not very comfortable for Chain. They slumped to a low of $0.0712 in the early part of May. However, the company miraculously turned the tides and recorded figures of $0.176. This is almost a 120% increase in their value. Let us learn more about the story in detail below.
XCN Records All-Time High Market Price
XCN has surprised everyone with its mind-blowing performance in the month of May. The market experts have stated a couple of reasons for such a commendable performance. The company underwent a rebranding earlier this year. They changed from CHN to XCN and launched their listings on multiple exchanges.
Multiple listings for XCN have resulted in increased brand awareness. This resulted in more growth. The company also made some notable mentions with some of the big organizations. This made the company stable resulting in more traffic from the investors.