Key Points
XCN crypto has witnessed a significant increase in its value.
In the last 24 hours, it has risen by as much as 149%.
This surge is part of a trend that has seen the crypto’s value increase nearly 400% over the past week.
Onyxcoin’s Upward Trend
According to data from CoinGecko, Onyxcoin’s token has been on a steady upward trend since mid-January.
At present, XCN crypto has risen by 149%.
The token is currently trading at $0.029.
However, traders believe it could reach as high as $0.08 or even $0.10.
One analyst predicted that the token could yield up to 10x gains for traders.
The last all-time high for XCN stood at $0.1841.
It last surpassed a value of $0.05 two years ago in June 2022.
The token has shown good progress throughout January.
It has been riding high off the current crypto bull run.
In the past week, the token’s value has increased nearly 400%, and even more so in the past month.
In the last 30 days, XCN crypto has surged by 1,195% and nearly twice that much in a year.
In the past 24 hours, XCN’s market cap has risen by 1,328% to around $1.3 billion.
This indicates a significant rise in trading activity.
Most of the trading activity for XCN occurs on Coinbase, which contributes 37.42% of the total trading volume.
XCN has a circulating supply of more than 48 billion tokens.
It is available on Ethereum (ETH).
What is XCN Crypto?
XCN, or Onyxcoin, is a decentralized governance and utility token of the Onyx ecosystem.
Holders of Onyxcoin can participate in transactions, staking, and governance activities.
They can also pay for services on Onyx and Chain.com.
Users who stake XCN can gain a discount of up to 75% for Chain.com services.
Chain is finalizing a new artificial intelligence tool for smart contract developers called Chain.ai.
This tool will be accessible to XCN holders and OnyxDAO members.
Recently, the Onyx Protocol dApp announced that it has completed upgrading its protocol.
The upgrade includes features that will support increased traffic and scale with demand.
This article does not represent investment advice.
The content and materials featured are for educational purposes only.
