OnyxCoin Crypto Price Crash: What’s Behind it & Will it Recover?

OnyxCoin Crypto Update: Token Recovery & Onyxcoin XCN Price Prediction

OnyxDAO Takes Action: Recovering Lost $XCN

OnyxDAO proposes to roll out Onyx Improvement Proposal reportedly to reimburse the users wrongly sending their $XCN tokens into the contract address. These tokens, having been sent to a renounced contract, are thus stripped of any access as they are token-locked for eternity. 

The proposal suggests issuing new tokens for valid claims, ensuring affected holders get their fair share. If passed, this move could reinforce trust in the Onyx ecosystem, drawing more investors to the project.

Onyxcoin $XCN Price Update – Recent Drop & Market Trends

Currently, Onyxcoin ($XCN) is trading at $0.02190, reflecting a 6.93% decrease over the past 24 hours. Despite the dip, trading volume of onyxcoin has surged 85.63% to $217.26 million, signaling strong market activity.

The current market cap stands at $712.79 million, with a circulating supply of 32.59 billion XCN and a total supply of 48.4 billion XCN. With increasing trading volume, traders are eyeing potential price movement.

Could This Lead to an XCN Price Rally?

The OnyxDAO proposal may drive renewed interest in Onyxcoin. By compensating users for their lost tokens, OnyxDAO strengthens investor confidence. A positive response could trigger an XCN price rally, attracting fresh buying pressure.

Furthermore, rising trading volume and market cap indicate heightened activity. If bullish momentum picks up, Onyxcoin ($XCN) could break resistance levels, driving potential price growth in the coming weeks.

Onyx Crypto News Today: Market Sentiment & Future Predictions

Despite recent volatility, Onyxcoin remains a strong player in the crypto space. The surge in trading volume (+85.63%) suggests renewed investor interest, even amid the recent dip.

Crypto analysts are watching for key support and resistance levels. If Onyxcoin price holds steady and investor confidence grows, $XCN could see an upward breakout. Many traders are now considering whether to buy Onyx crypto before the next potential surge.

Onyxcoin ($XCN) Price Prediction

• With OnyxDAO's proposal gaining traction, market confidence in price of onyxcoin could rise.

• If a bullish breakout comes, XCN could test resistance at $0.028 - $0.030 in the coming weeks.

• Growing adoption and further OnyxDAO initiatives could drive sustained demand for $XCN.

Final Thoughts: Should You Buy Onyx Crypto Now?

Onyxcoin ($XCN) is currently at a pivotal moment. While short-term fluctuations continue, long-term investors see opportunities in OnyxDAO’s innovative governance model and are in a mode to buy Onxycoin.

With growing trading volume and community engagement, Onyxcoin’s future remains promising. Stay tuned for more Onyx crypto updates and price predictions as the market evolves!