Oh, the sweet, sweet taste of cryptocurrency chaos. It’s like a never-ending rollercoaster of emotions, and I am HERE. FOR. IT. 🎠
Onyxcoin, or XCN, is the latest altcoin to join the party, and boy, is it a wild ride. With a 311.22% increase in the last seven days, it’s like the whole crypto world has gone absolutely, positively, utterly bonkers. 🤯
Now, I know what you’re thinking: “David, this is just a flash in the pan, a fleeting moment of madness before the whole thing comes crashing down.” But no, no, my friends. I’m telling you, this is the real deal. The XCN token is going to moon, and I’m not just talking about a little moon. I’m talking about a BIG, fat, juicy moon. 🌕
According to some genius analyst on X (formerly Twitter), XCN is going to reach a whopping $0.10 to $0.18 in the coming days. That’s a 10x gain for investors, folks! It’s like printing money, but instead of printing money, they’re printing cryptocurrency. 💸
My price prediction in the coming Weeks / Months for $XCN is probably around .10-.18. I can tell by the forming wedge that’s building up. Notice how the break out is expected. This is extremely Bullish. What’s your take? #XCNCommunity #XCN #onyxprotocol #Onyxcoin #OnyxXCN
— Crypto Hound Pound 👊 (@CryptoHound2203) January 21, 2025
XCN Price Analysis
So, let’s take a look at the daily chart, shall we? 📊 (Source: TradingView)
Source: TradingView
As you can see, the accumulation of XCN has been nothing short of astronomical. But, of course, with great power comes great responsibility, and in this case, that responsibility is to correct the overbought levels. 📉
According to CoinMarketCap, XCN is currently trading at $0.0116 with a market cap of $359.21 million and a trading volume of $84.09 million. The majority of volume ($27 million) comes from American exchange Coinbase. But let’s be real, folks, this is just the tip of the iceberg. 🌊
What Is Onyxcoin (XCN)?
So, what exactly is Onyxcoin, you ask? Well, it’s the native token of the Onyx ecosystem, allowing holders to participate in transactions, staking, and governance activities. It’s like a digital key to the whole crypto world. 🔑
According to a post on X, the Onyx Protocol dApp recently underwent an upgrade that now allows the digital asset protocol to support increased traffic and scale with demand. It’s like a digital upgrade, folks! 🚀
The Onyx Protocol dApp maintenance is now complete and will be able to support our increased traffic and scale with demand. Staking and Farming users will now be able to utilise the dApp even through times of congestion. Thank you for your patience $XCN
— Onyx (@OnyxDAO) January 21, 2025
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2025-01-22 22:29