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.

Cryptocurrency Onyxcoin (XCN) has soared more than 1,500% over the last 30 days, making it one of the standout performers in the digital asset market.

Anticipation of major protocol upgrades and the resolution of previous conflicts have fueled a surge in demand for XCN among traders. Here's a closer look at the factors driving this remarkable rally.

Onyxcoin Surges 1,500% on New Blockchain Launch Plans, Surprising Even Bitcoin

A Look at Onyxcoin’s Record Rally

Onyxcoin has seen dramatic price action in recent weeks, recording gains of:

30-day gains: up 1,500%

Year-to-date gains: up over 2,000%

This meteoric rise has pushed XCN’s market capitalization to over $1.3 billion, with the token trading at prices last seen in June 2022. Notably, over 37% of XCN’s total trading volume is concentrated on Coinbase.

The surging demand for XCN comes as the broader cryptocurrency market shows mixed performance. While Bitcoin trades above $102,000, other major cryptocurrencies, like Ethereum and XRP, have seen slight drops of 4-5%. This disparity highlights specific factors driving XCN’s momentum.

Key Catalysts Behind Onyxcoin’s Surprising Surge

Onyxcoin's ecosystem aims to simplify Web3 access, especially in decentralized finance (DeFi). The platform seeks to democratize blockchain technology 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, set to be announced 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

A prolonged dispute between Onyx DAO and Justin Sun's firms, which previously weighed on XCN’s price, has been settled. This resolution has cleared a major hurdle for the protocol’s adoption and opened the door for potential future collaborations.

OnyxDAO Exploring New Tokenomics Model

The protocol’s DAO is considering a possible token burn, which could reduce the supply and support the token's price appreciation. XCN also offers staking benefits; for token holders, XCN grants up to 75% discounts on Chain.com services.

Onyxcoin Price Prediction

While XCN’s current price of $0.036 is still below its all-time high of $0.1841, some analysts anticipate further upside potential. Market observers have suggested target ranges of $0.08 to $0.10, and more optimistic predictions indicate possible 10x increases.