Onyxcoin (XCN) Surges 9.44%, Analyst Forecasts 1,200% Rally
Onyxcoin (XCN) surged 9.44% in the last 24 hours, reaching approximately $0.01326, driven by a trading volume increase of 204.13%. The market capitalization is now around $460.89 million.
- The token has decreased 29.08% over the past month and 2.49% week-over-week.
- XCN remains 92.78% below its all-time high of $0.1841.
- The latest rally coincided with the launch of the Onyx Smart Wallet, which supports multichain transactions.
- The wallet allows gas-free transfers on Ethereum, BNB Chain, and Base.
- A trader forecasts a potential target price of $0.1816 for XCN, suggesting a possible upside of 1,260%.
- Future developments include additional features for the wallet and a forthcoming testnet wallet.
The success of the price target relies on the wallet's adoption and overall market conditions.