Onyxcoin (XCN) Surges Over 1,500% in 30 Days Amid New Blockchain Launch Plans
Onyxcoin (XCN) has emerged as one of the cryptocurrency market’s standout performers in early 2025, with the token surging more than 1,500% over the past 30 days amid anticipation of major protocol upgrades and the resolution of previous conflicts.
A Look at Onyxcoin’s Record Rally
The cryptocurrency has seen extraordinary price action in recent weeks, recording gains of:
- Over 30% in 24 hours
- Approximately 200% in the past week
- Nearly 1,500% over the past 30 days
This dramatic rise has pushed XCN’s market capitalization above $1.3 billion, with the token reaching prices not seen since June 2022. Trading activity has concentrated primarily on Coinbase, which accounts for over 37% of XCN’s total volume.
XCN’s increase coincides with uneven performance in the larger cryptocurrency market. While Bitcoin trades above $102,000, other big cryptocurrencies including Ethereum and XRP have witnessed very slight drops of 4–5%. This difference emphasizes the particular elements causing XCN’s momentum.
Key Catalysts Behind Onyxcoin’s Surge
Onyxcoin’s ecosystem focuses on simplifying Web3 access, particularly in decentralized finance (DeFi). The platform aims to democratize blockchain technology access for organizations building financial services, providing tools for developing decentralized applications and smart contracts.
Several major developments appear to be driving XCN’s remarkable price appreciation:
New Blockchain Launch Plans
The Onyx team has announced plans to unveil the Onyx XCN Ledger, a new blockchain developed in stealth mode. This significant upgrade, scheduled for announcement in early February 2025, will include a comprehensive new whitepaper and is expected to address previous security concerns, including vulnerabilities that led to a $3.8 million hack in November.
Resolution of Dispute with Justin Sun
Previously weighing on XCN’s price, a protracted dispute between Onyx DAO and Justin Sun’s firms has been resolved. This resolution has cleared a major obstacle to acceptance and created the avenue for possible future cooperation.
OnyxDAO Exploring New Tokenomics Model
The DAO of the protocol is now assessing a possible token burn that would lower supply and hence promote price increase. XCN also provides staking advantages; for token holders, XCN grants up to 75% discounts on Chain.com services.
Onyxcoin Price Prediction
Although XCN’s present value of $0.036 is still below its all-time high of $0.1841, some analysts see more upside possibility. Target ranges from $0.08 to $0.10 have been proposed by market watchers; more hopeful estimates point to possible 10x increases.
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