Onyxcoin (XCN) is a young crypto project with interesting growth potential. To decide if it can be a worthy investment option, we need to learn about its features, price history, financial and fundamental analyses, and Onyxcoin price prediction. So, let’s get into the details!
What Is Onyxcoin?
Onyxcoin is the main token of the blockchain-powered platform Onyx that aims to streamline digital payments and transactions. Onyx’s main target is increasing scalability and security and providing efficient financial solutions using decentralized networks.
Before going to Onyxcoin price prediction, we need to learn about the main features of Onyx.
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Onyx Features
- Scalability: Onyxcoin can handle large transactions without compromising speed or efficiency.
- Security: Onyxcoin uses advanced encryption protocols to be a safe platform for transactions and user data.
- Eco-Friendly: Onyxcoin uses an energy-efficient consensus mechanism to reduce the environmental effect.
- Utility: XCN tokens are used for payments, staking, and governance.
What Is XCN Coin?
XCN (Onyxcoin) is the native token of the Onyx platform with different use cases, including:
- Transaction Fees: XCN tokens are used to pay for transactions in the Onyxcoin network.
- Staking Rewards: Holding XCN tokens provides staking rewards for supporting network operations.
- Governance: Holding XCN tokens gives the holders the right to participate in platform-related decision-making processes.
For a reliable Onyxcoin price prediction, we need to learn about price history first to see how the token has performed since its launch.
Price History
- Onyxcoin was launched on Mar 15, 2022, at $0.052523.
- During its early months, Onyxcoin experienced an uptrend and reached $0.111415 on Apr 20, 2022.
- Price growth continued and each XCN token hit its highest trading price of $0.1841 on May 27, 2022.
- After its All-Time High (ATH), Onyxcoin started a downtrend and fell to $0.078526 on Sep 24, 2022.
- The downtrend continued and XCN tokens started 2023 with a downward price, recording $0.01261193 on Jan 1, 2023.
- Onyxcoin fell to its lowest price in the same year and recorded its All-Time Low (ATL) OF $0.0007055 on Oct 11, 2023.
- Throughout 2023 and 2024 the token revolved in the range of 0.00246987 with small fluctuations.
- Today, on Dec 11, 2024, each XCN token is traded at $0.002224.
Onyxcoin Financial Analysis
Financial analysis of Onyxcoin helps us reach a more logical Onyxcoin price prediction. The token’s financial analysis includes its, ROI, market cap, ATH, ATL, and token distribution.
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ROI (Return on Investment)
ROI or return on investment shows how profitable investing in a token has been in different timeframes using positive and negative numbers.
- Onyxcoin Daily ROI: -4.05%
- Onyxcoin Weekly ROI: -20.92%
- Onyxcoin Monthly ROI: +43.01%
- Onyxcoin Annual ROI: -5.84%
- Onyxcoin Total ROI: -95.26%
Market Cap
- Market Cap: $70,325,855
- Fully Diluted Valuation: $107,925,942
- Total Supply: 48,402,437,326 XCN
- Max Supply: 48,402,437,326 XCN
- Circulating Supply: 30.79B XCN
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ATH and ATL
- Onyxcoin ATH: $0.1841 recorded on May 27, 2022
- Onyxcoin ATL: $0.0007055 recorded on Oct 11, 2023
- Onyxcoin Current Price: $0.002239, which is 98.8% lower than its ATH but 215.1% higher than its ATH.
Onyxcoin Distribution
Onyxcoin has a maximum fixed supply of 48,470,523,779 XCN tokens. The remaining XCN tokens will be distributed based on the following allocation and distribution schedules.
In addition to financial analysis, the factor that shows if Onyxcoin price prediction for 2025 and 2030 will be positive is the token’s fundamental analysis, which includes its team, popularity, and investors.
Onyxcoin Fundamental Analysis
Onyxcoin (XCN) is the governance and utility token of the Onyx Protocol, performing different functions in the Web3 blockchain ecosystem.
It helps the protocol’s improvements, liquidity operations, and staking mechanisms. Its use cases, together with its low market cap (~$37 million), make it suitable for potential growth, especially in bullish market conditions.
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Team
Onyx Protocol and XCN were developed by the Chain team, founded by Adam Ludwin in 2014. Ludwin has some years of experience in crypto innovation and investment, with a focus on decentralized infrastructure.
Popularity
Onyxcoin has moderate popularity in the crypto space. It is traded on about 19 major exchanges, including Coinbase, KuCoin, and Kraken, with daily volumes exceeding $2.7 million.
Investors
Blockchain Capital and Pantera Capital are two famous venture firms in the blockchain and cryptocurrency sectors supporting Onyx. Having well-known investors adds credibility to the project, increasing its chance for long-term viability.
Now that we know the basics about Onyx, let’s go for Onyxcoin price prediction in the coming years.
Onyxcoin Price Prediction
The following table shows the Onyxcoin price prediction for 2025 to 2030. Although price predictions are not 100% reliable, they give us the general opinion of crypto experts about the future price performance of a given coin/ token.
Year | Minimum Price | Average Price | Maximum Price |
2025 | $0.0030 | $0.0031 | $0.0035 |
2026 | $0.0043 | $0.0044 | $0.0052 |
2027 | $0.0061 | $0.0063 | $0.0075 |
2028 | $0.0085 | $0.0087 | $0.0106 |
2029 | $0.0122 | $0.0126 | $0.0145 |
2030 | $0.0178 | $0.0183 | $0.0213 |
Onyxcoin Price Prediction 2025
Crypto experts predict that in 2025 the price of Onyxcoin can reach a minimum of $0.0030. The XCN price can reach a maximum trading price of $0.0035, with an average of $0.0031.
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Onyxcoin Price Prediction 2030
In 2030, the price of each Onyxcoin can revolve around a minimum value of $0.0178. The Onyxcoin price can reach a maximum of $0.0213 with an average trading price of $0.0183.
Is Onyxcoin A Good Investment?
Although Onyxcoin is a small project with low levels of trading prices, it has shown some potential in the past and Onyxcoin price prediction expects the token to see an 832.01% growth in 2030.
The token could survive two years and it can have a bright future if the team focuses on developing the project and adding more use cases.
However, the crypto market is volatile and no one can be sure of the future performance of any project. To find out if a project is worth investing in and when is a good time for selling or buying, you need to follow market trends and be aware of the changes in the worlds of economy, finance, technology, and even politics.
Also, it is wise to consult crypto experts, weigh your options, follow a reasonable strategy, and manage your risk tolerance to make confident investment decisions.