Key Takeaways
After spending much of its existence in relative obscurity, Onyxcoin blossomed in late January and early February 2025. With a string of developments – including, but not limited to, the news that TRON founder Justin Sun would be involved with staking, the launch of a new whitepaper, and XCN futures trading on Kraken – the XCN token became a rare gainer at a time when the market slumped.
Launching its XCN Ledger Layer-3 scaling solution will also bring attention to Onyx and Onyxcoin.
On Feb. 4, 2025, Onyxcoin was worth about $0.0301.
Let’s examine our Onyxcoin price predictions, made on Feb. 4, 2025. We will also examine the Onyxcoin price history and discuss what Onyxcoin is and does.
Here are CCN’s Onyxcoin price predictions, made on Feb. 4 2025. While we take the utmost care with our price forecasts, we need to warn you that price predictions, especially for something as potentially volatile as cryptocurrency, very often end up wrong.
Minimum XCN Price Prediction | Average XCN Price Prediction | Maximum XCN Price Prediction | |
---|---|---|---|
2025 | $0.02 | $0.035 | $0.05 |
2026 | $0.03 | $0.06 | $0.09 |
2030 | $0.05 | $0.12 | $0.20 |
For 2025, XCN’s price could range between $0.02 and $0.05, with an average of $0.035. This projection accounts for potential bullish breakouts from the current descending channel and growing adoption within the crypto market.
In 2026, prices may rise further, ranging from $0.03 to $0.09, with an average of around $0.06. This outlook reflects continued momentum from previous gains, reinforced by sustained bullish waves and broader market growth.
By 2030, XCN could see substantial growth, with prices between $0.05 and $0.20, averaging $0.12. This long-term prediction is driven by anticipated mass adoption, technological advancements, and strong historical wave patterns indicating extended bullish cycles.
The four-hour chart shows XCN in a corrective phase after peaking at $0.0488 within wave five on Jan. 26. The price has formed a descending channel, often a bullish reversal pattern. Elliott Wave analysis suggests wave five has been completed, with corrective waves unfolding within the channel.
XCN hovers around the 0.382 Fibonacci level at $0.0312), which is a key support zone. The RSI remains neutral, indicating market indecision. A breakout above the channel’s upper trendline could confirm a bullish reversal toward $0.0379, while a drop below $0.0257 may signal deeper corrections.
On the one-hour chart, XCN completed an ABC correction after its wave five peaks, bottoming at $0.0182 on Feb. 3 before recovering. A potential five-wave impulse appears to form, with wave three reaching resistance near $0.0312.
Currently, XCN is in wave four with support around $0.0257. If bullish momentum continues, wave five could target $0.0379. However, a break below $0.0203 may extend the correction. RSI shows weakening bearish momentum, supporting a bullish outlook for the Onyxcoin price prediction for the next 24 hours.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Feb. 4, 2025, Onyxcoin’s ATR was 0.00182, suggesting relatively low volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Feb. 4, 2025, the Onyxcoin RSI was at 51, indicating a basically neutral sentiment with a hint of bullishness.
Onyxcoin is a crypto that uses smart contracts, so let’s compare it with other similarly sized tokens in that category.
We looked at the Onyxcoin price history and found the best times to buy XCN.
Day of the Week | Friday |
Week | 3 |
Month | January |
Quarter | First |
Let’s take a look at some of the key dates in the Onyxcoin price history. While past performance should never be taken as an indicator of future results, knowing what the token has done can give us some much-needed context when it comes to making or interpreting an XCN price prediction.
Time period | XCN price |
---|---|
Last week (Jan. 28, 2025) | $0.03319 |
Last month (Jan. 4, 2025) | $0.002722 |
Three months ago (Nov. 4, 2024) | $0.001215 |
Last year (Feb. 4, 2024) | $0.001298 |
Launch price (March 16, 2022) | $0.05257 |
All-time high (May 27, 2022) | $0.1841 |
All-time low (Oct. 11, 2023) | $0.0007038 |
The market capitalization, or market cap, is the sum of the total number of XCN in circulation multiplied by its price.
On Feb. 4, 2025, Onyxcoin’s market cap was $926 million, making it the 78th-largest crypto by that metric.
On Feb. 4, 2025, one wallet held over 20% of XCN’s supply.
As of Feb. ,4 2025, the five wallets with the most Onyxcoin were:
Supply and distribution | Figures |
---|---|
Maximum Supply | 48,402,437,326 |
Circulating supply (as of Feb. 4, 2025) | 30,790,293,735 |
Holder distribution | Top 10 holders owned 70.21% of supply as of Feb. 4, 2025 |
In its technical documentation, or whitepaper , Onyxcoin says it is “the next stage in blockchain evolution” and that the XCN Ledger was “positioning itself as a premier Layer 3 protocol that redefines scalability, security, and interoperability”.
Onyxcoin helps power the Onyx platform, which contains a range of features. It recently launched the XCN Ledger, a so-called Layer-3 scaling solution. This is built on Arbitrum (ARB), which is itself based on Ethereum (ETH). The idea is that Onyx takes transactions off Arbitrum, carries them out, and puts them back on Layer 2. This, in turn, means Arbitrum transactions should be quicker and cheaper.
Despite what its name implies, because Onyxcoin is based on Ethereum, it is a token, not a coin.
People who hold XCN can vote on changes to the Onyx network, pay for the platform’s fees, and buy, sell, and trade it on exchanges.
It is hard to say right now. While XCN has been one of the market’s stars in a tough week, the crypto had spent much of the last two years or so in relative obscurity. We don’t know whether its recent upturn is a flash in the pan or whether it can lead to something more sustainable.
As always with crypto, you must do your own research before deciding whether or not to invest in Onyxcoin.
No one can really tell right now. While the Onyxcoin crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Onyxcoin, you will have to do your own research on XCN and other related coins and tokens such as Ethereum (ETH). Either way, you will also need to ensure you never invest more money than you can afford to lose.
Technical analysis by Nikola Lazic.
It could do. Our expert price predictions, based on technical analysis, suggest XCN could break the 10 cent barrier in 2030. Onyxcoin holders can vote on changes to the Onyx platform. People can also buy, sell, and trade XCN on exchanges.Will Onyxcoin reach $0.10?
What is Onyxcoin used for?