Onyxcoin (XCN) Price Prediction: Can it Outgpace XRP, SUI & Other Gems?

As the cryptocurrency market evolves, a new set of tokens emerge. Onyxchain (XCN) has gained traction due to its innovative approaches and real-world application.

As the cryptocurrency market continues to evolve, new tokens are emerging with innovative approaches and real-world applications. Among them, Onyxchain (XCN) has garnered attention for its focus on trade payments and decentralized finance (DeFi). With its low market cap and growing adoption, XCN is an ideal candidate for investors looking to diversify their portfolio.

At the same time, a newly launched Solana meme coin, ChowWow, has also quickly captured attention in the market due to its opportunity for substantial gains and innovative ecosystem backed by real utility. As the crypto market recovers, Onyxcoin and ChowWow are well-positioned for substantial price gains. However, can these two tokens outpace popular Sui and Ripple price performance?

Onyxcoin (XCN) Continues Its Drawdown

Onyxcoin is a new crypto that has become a key player in financial services, utilizing blockchain technology for secure, decentralized transactions. The project aims to challenge major financial platforms by focusing on global trade, payments, and asset tokenization. While experts have been optimistic about XCN’s price potential, forecasting a 43x increase in value in the coming years, its current market sentiment is weak.

The daily active addresses have dropped to a monthly low, suggesting that XCN holders have remained cautious due to the ongoing sell-off. Most investors have adopted a wait-and-see approach. The declining trading activity indicates skepticism in the market. Many XCN investors opted not to engage until there is a more precise recovery potential, while others have shifted focus to ChowWow, a Solana-based meme coin tipped to experience a 260% price surge. This bearish sentiment has contributed to the overall downward pressure on Onyxcoin price.

Onyxcoin price chart | Source: CoinMarketCap

Until investors’ interest intensifies, the altcoin will likely struggle with any significant price surge. Failure to close above its immediate resistance level could pull back the price of Onyxcoin towards its nearest support at $0.0018. However, should XCN close above the $0.0237 resistance and turn it into support, a recovery could be on the horizon, opening the door to a rise toward $0.0358 and invalidating the bearish outlook. A successful breakout would lead to profits for those holding XCN.

SUI Bulls Target 24% Rally

Sui Network captured the spotlight with its innovative layer-1 blockchain platform designed to meet the demands of global adoption, enabling a secure, robust, and scalable development environment. The platform is crafted to address the inefficiencies found in the current blockchain frameworks. This unique value proposition has seen the Sui blockchain garner massive adoption to grab a substantial crypto market share, ultimately scaling its value to new levels.

Beyond its network, Sui’s price performance has also captured attention. While the general market record mixed sentiments, the price of SUI staged a decisive increase, thanks to the formation of a bullish double-bottom pattern. If confirmed, SUI price could stage a 24% rally. While SUI’s technical points to a promising future, long-term SUI holders have been offloading their SUI tokens.

SUI price chart | Source: CoinMarketCap

While the short-term price outlook for the Sui coin remains uncertain, its longer-term outlook remains bullish. The crypto’s ability to hold gains above critical levels amid market resilience reflects its resilience. If SUI can continue to build on the recent momentum, the altcoin could stage a substantial price increase in the coming months.

Ripple Price History and Potential

Ripple price has drawn attention as analysts point to historical patterns suggesting a potential 1500% rally. A critical technical indicator, the bull market support band, highlights the altcoin might set up a breakout similar to its 2017 rally. The XRP token has touched a key support zone called the purple foundation and maintained a position above the BMSB. This setup has mirrored the 2017 cycle when the XRP price dropped to lower lows around the same region before staging a 1,500% rally.

XRP price chart | Source: CoinMarketCap

The XRP price hovered around the $3.40 level during that period before revisiting the BMSB. The historical move triggered an extraordinary breakout that scaled prices to record highs. Market believers are now debating whether the XRP coin could experience a similar trajectory. If history were to repeat itself, XRP price could rally towards the $27 level.

While technical patterns offer compelling insights, traders have remained cautious since market conditions and external factors influence price movements. Investors continue to monitor key critical as others hedge their long positions with ChowWow, which holds more promise and stability in the near term.

ChowWow ($CHOW): Utility Meme Coin with a Vision for the Future

As Onyxcoin, Ripple, and Sui navigate market turbulence, ChowWow presents an opportunity for massive short-term returns. It has captured the crypto community’s attention with its quirky relation