🌎 XCN Surges 149% in 24 Hours

XCN Crypto Sees Significant Surge, Up by 149% in 24 Hours

XCN, the decentralized governance and utility token of the Onyx ecosystem, has experienced a substantial price increase, rising by as high as 149% in the past 24 hours. This surge brings the token’s weekly gains to nearly 400%. The recent price hike has sparked interest among traders, with some predicting potential gains of up to 10 times the current value.

XCN’s Price Movement and Market Performance

According to recent data, XCN’s price has been on an upward trajectory since mid-January. The token is currently trading at $0.029, with some traders speculating that it could reach as high as $0.08 or even $0.10. XCN’s last all-time high stood at $0.1841, with the token’s value surpassing $0.05 for the first time in two years in June 2022.

In the past month, XCN has seen a significant increase in value, surging by 1,195% in the past 30 days and nearly twice that amount in a year. The token’s market capitalization has also increased by 1,328% in the past 24 hours, reaching around $1.3 billion. This substantial rise in market capitalization indicates a notable increase in trading activity, with most of the trading volume occurring on major cryptocurrency exchanges.

What is XCN Crypto?

XCN, or Onyxcoin, is the native token of the Onyx ecosystem. It serves as a decentralized governance and utility token, allowing holders to participate in various activities such as transactions, staking, and governance. XCN holders can also pay for services on Onyx and Chain.com, with stakers eligible for a discount of up to 75% for Chain.com services.

Chain, the company behind XCN, is also developing a new artificial intelligence tool called Chain.ai, designed for smart contract developers. This tool will be accessible to XCN holders and OnyxDAO members, further expanding the token’s utility and potential use cases.

Recent Developments and Upgrades

The Onyx Protocol dApp recently announced the completion of a protocol upgrade, which adds features to support increased traffic and scale with demand. This upgrade is expected to enhance the overall performance and usability of the Onyx ecosystem, potentially driving further adoption and growth.

Tips for XCN Investors and Traders

Before investing in XCN or any other cryptocurrency, it is essential to conduct thorough research and consider the associated risks. Some key points to keep in mind: