XCN Crypto Price: Reasons For The Hype Around The Altcoin

24-01-2025

XCN Crypto Price: All You Need To Know About The Altcoin

XCN Crypto Price: Potential For Growth In The DeFi Space

What Is XCN Crypto?

XCN crypto, Onyxcoin, is a native token to the Onyx ecosystem. This cryptocurrency allows its holders to take part in transactions, staking and governance activities.

XCN is currently generating hype because of being the ticker symbol for Onyx Protocol’s Onyxcoin. Onyx Protocol is a decentralized finance (DeFi) platform that focuses on peer-to-peer lending as well as borrowing. There’s been a significant XCN price rise and increased market interest, mainly due to its growth potential in the DeFi space.

Reasons For The Hype Around XCN Crypto

The key points about the hype around the XCN coin are as follows:

Potential for high returns

Many of the analysts are predicting substantial price gains for XCN. This XCN news, in turn, is attracting speculation and investment.

DeFi market growth

With DeFi market expansion, platforms like Onyx Protocol, that carry unique features, can experience increased user adoption. This can again boost XCN value as per XCN crypto news.

Community engagement

The community around the Onyxcoin is also growing, actively promoting the project and driving further hype.

Onyx Core is the most prominent offering from the Onyx ecosystem. It allows the users to deploy as well as operate blockchain networks using the protocol.

The Onyx Protocol dApp recently underwent an upgrade, as per a post on X (formerly Twitter). This upgrade now lets the digital asset protocol to support increased traffic and scale with demand. These advancements in the protocol’s performance and user experience are signalling potential growth for XCN token.

XCN Crypto Price

The current XCN price is $0.02635 which it has achieved after rising 117.5% in the last 24 hours. The market cap for Onyxcoin is $841,374,008 and the number of tokens in circulation is 31,829,763,984.

One can buy XCN coins on Coinbase Exchange, Gate.io as well as KuCoin, Coinbase Exchange being the most popular option to buy and trade the XCN coins.

XCN has been in the crypto news a few days back for soaring 300% in seven days’ time. It claimed a yearly high of $0.018 last week on Friday. Its price was thus being predicted to print 10x gains for investors in the coming days and to continue the bullish momentum throughout 2025.

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About the Author Surbhi Jain

Expertise coingabbar.com

Surbhi Jain is an accomplished English News Writer and Content Writer associated with Coin Gabbar, where she covers cryptocurrency, blockchain, and financial market updates. With a focus on clarity, accuracy, and SEO-driven writing, she aims to make complex crypto concepts understandable for a broad audience. Surbhi’s content combines research and readability to deliver timely and reliable information to readers interested in digital finance.

Beyond her professional work, she enjoys reading books, which enhances her creativity and helps her stay informed about emerging trends in technology and finance.