XCN Crypto Surged by as High as 149% in the Past 24 Hours of Trading, Soaring Nearly 400% in the Past Week. What is XCN and Is It Headed Towards Higher Gains?

According to data from CoinGecko, Onyxcoin’s token has been on an upward climb since mid-January. At the time of writing, XCN crypto has risen by 149%.

On crypto exchanges, XCN crypto is experiencing a huge increase in value. According to CoinGecko, the token has increased in value by 149% during the past 24 hours of trading. This comes after a period of sustained growth that has seen the token increase in value by nearly 400% over the past week.

At the time of writing, XCN crypto is trading at $0.029. According to traders on X, the token has the potential to continue rising and may even reach $0.08 or $0.10. In fact, one analyst on X has predicted that the token could generate gains of up to 10x for traders.

The last time XCN's value dropped below $0.05 was two years ago, in June 2022. At the time, the token's all-time high was $0.1841.

However, XCN crypto has been performing well throughout January, benefiting from the current crypto bull run. Over the past week, the token has surged by nearly 400%, and even more so over the past month. Over the past 30 days, XCN crypto has surged by 1,195%, and nearly twice that amount over the past year.

During the past 24 hours of trading, XCN's market cap has also increased significantly, rising by 1,328% to reach around $1.3 billion. This indicates a substantial increase in trading activity for the token.

Coinbase contributes the highest volume of trades for XCN, with 37.42% of the total trading volume. The token is also available on Ethereum (ETH), with a circulating supply of more than 48 billion tokens.

What is XCN crypto?

The decentralized governance and utility token of the Onyx ecosystem is known as XCN or Onyxcoin. It enables holders to participate in transactions, staking, and governance activities on Onyx and Chain.com, in addition to paying for services. Additionally, users that stake XCN are eligible for a discount of up to 75% on Chain.com services.

Chain is also working to integrate Chain.ai, a new artificial intelligence tool for smart contract developers, into the ecosystem. XCN holders and members of the OnyxDAO will have access to the tool.

The Onyx Protocol dApp recently announced the completion of an upgrade to its protocol, adding features to handle increased traffic and scale up demand, according to a recent post on X.