Crypto Chaos: XCN Price Skyrockets 43% 🚀

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It’s a wild ride in the world of cryptocurrency, folks! Onyxcoin, the decentralized Web3 protocol, has seen a whopping 43% spike in price, catapulting it into the top 100 coins by market cap. I mean, who doesn’t love a good underdog story? 🐕

The Onycoin (XCN) price is currently hovering above $0.020, a double-digit increase on the day, and rising faster than a teenager’s eyebrows at a Justin Bieber concert. Top cryptocurrencies are looking to mirror Bitcoin‘s (BTC) remarkable surge in the past few days, because who doesn’t want to be like the cool kid on the block? 😎

XCN’s market cap at the time of writing was a staggering $685 million, with a 24-hour volume of over $81 million—representing a 213% increase. The daily trading range, according to crypto.news market data, was $0.0170 to $0.0201. That’s a whole lotta moolah, if I do say so myself. 💸

The Reason Behind the Madness

As Bitcoin smashed past $122,000 and Ethereum (ETH) surged past $3,000, the Onyxcoin token rallied more than 16% to reach highs of $0.020. This marked the token’s highest level since mid-May and a significant rebound from the June low of $0.012. It’s like the crypto world is playing a game of musical chairs, and Onyxcoin just found a seat. 🎶

While whale activity has supported XCN in recent weeks, the latest breakout has been fueled by key network developments. It’s like the Onyxcoin team is saying, “Hey, we’re not just a pretty face, we’ve got substance too!” 💁‍♀️

On July 12, the team announced that the highly anticipated improvement proposal for Onyx Points had passed. The OIP-60 proposal will activate points rewards for XCN stakers on the Ethereum network and deploy the protocol’s gas-free wallet. Execution was queued and scheduled to go live within approximately 48 hours. Talk about a countdown to liftoff! 🚀

OIP-60 to activate Onyx Points for $XCN stakers on Ethereum and deploy the onyx gas-free wallet has now passed and is queued. The OIP will be executable in approximately 48h ✅

— Onyx (@OnyxDAO) July 12, 2025

As the token breaks out of a six-month falling wedge pattern, bullish bets have pushed open interest to $21 million. The 16% jump in OI also coincides with a surge in derivatives volume. According to Coinglass, the broader crypto market rally has triggered a 155% spike in this metric. It’s like the crypto world is one big game of dominoes, and Onyxcoin just knocked over a few. 🎲

Interest in Onyxcoin has intensified in recent weeks due to exchange listing and overall market sentiment. It’s like the popular kid in school just invited Onyxcoin to the party, and now everyone wants to be friends. 🎉

XCN gained momentum following its listing on the top decentralized exchange PancakeSwap and has also benefitted from previous integrations with Coinbase Wallet, Base, and BNB Chain. However, prices have historically seen sharp pullbacks during broader market downturns. So, buckle up, folks, it’s gonna be a bumpy ride! 🎢

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2025-07-14 18:59