After the success of play-to-earn games, XCAD is pioneering a watch-to-earn platform
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Imagine getting paid to watch YouTube videos. That is the vision from XCAD Network, which is creating a plugin where viewers will earn tokens by simply watching 80% of a video.
Users will not earn XCAD however, instead they will earn tokens created by the YouTubers themselves. So far, 26 content creators have signed up to XCAD’s platform to mint their own customised tokens.
XCAD has attracted big names, with YouTubers who have millions of subscribers committing to the platform.
Despite investors waiting for the plugin to launch, the XCAD token has been performing in an incredibly volatile fashion. Its price history saw times where it lost almost half its price value in the space of days. However, many price predictions expect this volatility to work in XCAD’s favour.
What is XCAD Network (XCAD)?
Blockchain technology is being used by brands and companies for engagement and an alternative source of income, whether it is Nike’s NFTs or FC Barcelona’s Socios token. XCAD network is bringing this concept to YouTube creators.
XCAD currently has 26 YouTubers signed up to create a token on its platform, which investors can analyse via its “Influencer MarketCap” chart. The tokens have not launched yet. However, plans for the equivalent of an initial coin offering have been announced.
The other key part to XCAD is a YouTube plugin that allows investors to earn tokens by watching videos. This gives viewers a way to engage with their favourite creators, while YouTubers gain an extra source of income and a boost to engagement. The plugIn has not fully launched yet, but a mobile version was announced to go live in Q1 2022, according to XCAD Network’s roadmap.
The XCAD Network token (XCAD) only launched recently, yet its price history has already been incredibly volatile.
XCAD’s beginnings
XCAD launched on 27 May 2021 at $1.83 and saw an initial price surge. This peaked at $2.64 three days after its launch, following the annoucment that XCAD would be listed on Zilliqa’s DeFi platform ZilSwap.
However, after this peak, the price started falling in June and had dropped below its launch price. It spiked slightly on 20 June as rewards in the Opulous cryptocurrency were announced for those staking in its NFT farm. Yet it did not get past the $1.89 and by 26 June the token had dropped under $1.
It started rallying mid-August and passed the $1 mark for the first time since mid-July. This came after XCAD launched on the Polygon blockchain, along with a Polygon version of its NFT farm.
A volatile token
This rally continued into September where XCAD saw its first major breakout. At the beginning of the month, the network announced it was revealing YouTubers who will launch a token on its platform. It started on 3 September with the revelation that Capgun Tom, a creator who has one million subscribers, would be working with the platform. XCAD Network lived up to its promise and what followed was a seemingly endless stream of YouTuber announcements.
On 10 September, the price raced to $4.88 as XCAD announced its most popular YouTuber yet, Lance Stewart, who has more than 6.5 million subscribers. Aafter the announcement, however, XCAD fell back below $4.
It climbed past the $4 mark again on 25 September as the network announced the YouTuber Morgz, who has more than 11 million subscribers, would release their own token.
XCAD was unable to maintain this high valuation and started falling, dropping below $3 in October. The coin started rallying again at the end of the month, after the launch of a bridge between the ERC-20 and ZRC-2 versions of the token. The price surge also came after DAOMaker tweeted about the plugin, saying it had tested XCAD Network out and it “will be big”.
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By the beginning of November, XCAD saw its biggest breakout yet. It raced to a peak of $8.58 on 9 November, coming very close to the $10 psychological barrier. The price surge was on the same day XCAD Network announced a liquidity pool on the Zilliqa blockchain.
XCAD’s price was even more volatile in November, but it managed to stay above $5 for the whole month. This volatility continued into December, with it fluctuating between $8 and $5.
The token saw its biggest breakout in 2022, where it reached its all-time high of $9.06 on 20 January. This came after the announcement of creator liquidity offerings (CLO). These are essentially ICOs for the YouTubers’ tokens, allowing investors to purchase tokens before they go live to build up the liquidity. Every token is set to have a CLO. The all-time high also came after the LUNR token was listed on XCAD’s decentralised exchange.
Since breaking its price record, XCAD has plummeted and is currently sitting at $5.54, as of 25 January. Its price history looks like a mountain range with plenty of rallies and crashes. Does XCAD have a more stable future ahead?
XCAD Network price prediction
While some forecasts have made a stable prediction, others are predicting that XCAD will continue its volatile trend. PricePrediction is one of the later, expecting it to soar to new heights. Its XCAD Network price prediction for 2022 is between $7.97 and $9.61. The website forecasts the token to break past the $25 barrier in 2025. Its XCAD Network price prediction for 2030 expects the coin to race to a staggering $175 average price.
On the other hand, DigitalCoin offers a much more reserved XCAD coin price prediction. It expects the price to climb from $7 in 2022 to $9 in 2024. Its XCAD Network price prediction for 2025 is $11.48, but it predicts the coin will fall to $10.53 the following year. Unlike PricePrediction’s ambitious forecast, DigitgalCoin only expects XCAD will reach $23 in 2029.
WalletInvestor thinks XCAD is an “awesome” long-term investment, with it predicting the token will rocket in 2022 above $15. Its XCAD price prediction expects this to continue for the next five years, with the token racing past $40 in 2025 and past $60 in 2027.
Tech News Leader offers another bullish XCAD price prediction. It expects the token to stay around the $9 mark this year, with warnings about a potential dump. However, it forecasts that XCAD will surge to $25 in 2025 and predicts a whopping $252 price tag for 2031.
There is a consensus from price predictions that XCAD has a strong future. With its plugin expected to launch soon, there are high expectations. Delivering its promise of a watch-to-earn platform will be key to its success.
FAQs
It might be. XCAD has seen a very volatile price history, with its value fluctuating frequently. This volatility means any investor should be prepared to lose whatever they invest.
The majority of XCAD price predictions expect the token to skyrocket in the following years. Both PricePrediction and Tech News Leader think it will soar past $100 in the next decade. However, there are more reserved forecasts, like DigitalCoin who does not think it will get past $25 in 2029. Remember, price predictions are not always right so you should always do your own research before investing.
It depends. XCAD has proved to be a very volatile token with its price constantly fluctuating. There are some very bullish price predictions for XCAD, but the network has still not fulfilled its promise of a watch to earn platform. Remember, you should always do your own research before investing.
