Coinspeaker
Onyxcoin (XCN) Worth Explodes 300% This Week: Subsequent Crypto Gem on Rise?
Onyxcoin
XCN
$0.0119
24h volatility:
0.5%
Market cap:
$378.70 M
Vol. 24h:
$72.73 M
, a distinguished cryptocurrency within the digital asset area, has shot up an enormous 311.22% within the final seven days. The capital flowing into the altcoin has skyrocketed because the cryptocurrency claimed a yearly excessive of $0.018 final week on Friday. Outperforming the opposite cryptocurrencies, XCN entered the highest 200 and is now gaining quickly towards its rivals.
Whereas the altcoin is buying and selling at a reduction of 93.6% to its all-time excessive of $0.18 witnessed over three years in the past in 2022, analysts anticipate the XCN token to proceed the bullish momentum all through 2025. Based on a publish on X (previously Twitter) by an analyst on the social media platform, XCN in all probability will probably be buying and selling between $0.10 and $0.18 within the coming days, nearly a 10x acquire for buyers. The analyst sees one other bull flag forming on the decrease (.382) Fibonacci, as per a chart shared by them, which led to his bullish prediction for the altcoin.
My value prediction within the coming Weeks / Months for $XCN might be round .10-.18. I can inform by the forming wedge that’s increase. Discover how the get away is predicted. That is extraordinarily Bullish. What’s your take? #XCNCommunity #XCN #onyxprotocol #Onyxcoin #OnyxXCN pic.twitter.com/5zL1yI5rZZ
— Crypto Hound Pound 👊 (@CryptoHound2203) January 21, 2025
XCN Worth Evaluation
XCN value evaluation primarily based on the each day chart supplied by TradingView under reveals that the buildup of the cryptocurrency has soared prior to now few days. Nevertheless, the gradient of the road suggests a slight pullback earlier than the altcoin continues with its rally.
Supply: TradingView
Additional, the Relative Power Index (RSI) for the XCN value motion reads a price of 77.85, which implies that the digital asset is at the moment overbought. Such ranges are sometimes adopted by a slight correction so as to stabilize the costs.
Based on CoinMarketCap knowledge, XCN at the moment trades at $0.0116 with a market cap of $359.21 million and a buying and selling quantity of $84.09 million. Nearly all of quantity ($27 million) comes from American alternate Coinbase.
What Is Onyxcoin (XCN)?
Onyxcoin (XCN) serves because the native token to the Onyx ecosystem, permitting holders to take part in transactions, staking, and governance actions. The blockchain protocol is targeted on offering monetary providers to its customers. Probably the most distinguished providing from the ecosystem is the Onyx Core, which permits customers to deploy and function blockchain networks utilizing the protocol.
Based on a publish on X, the Onyx Protocol dApp just lately underwent an improve that now permits the digital asset protocol to assist elevated site visitors and scale with demand. These enhancements to the protocol’s efficiency and consumer expertise sign potential development in XCN token adoption.
The Onyx Protocol dApp upkeep is now full and can have the ability to assist our elevated site visitors and scale with demand. Staking and Farming customers will now have the ability to utilise the dApp even by way of occasions of congestion. Thanks on your persistence $XCN pic.twitter.com/cgSnQnxknr
— Onyx (@OnyxDAO) January 21, 2025
Onyxcoin (XCN) Worth Explodes 300% This Week: Subsequent Crypto Gem on Rise?
