XCN Price Prediction

Onyxcoin (XCN) is a token on the Ethereum blockchain powering the Onyx Protocol, a decentralized platform for peer-to-peer (P2P) crypto lending and borrowing. XCN serves as a utility and governance token for this platform. XCN holders can vote on protocol improvements and key decisions for the Onyxcoin ecosystem. Users can also stake their XCN tokens to help secure the protocol and earn rewards.

The Onyx Protocol platform supports various crypto assets, including ERC-20, ERC-721, and ERC-1155 tokens, which users can supply or borrow through an aggregated and unified balance. Decentralized smart contracts support these lending and borrowing operations. Users can also supply non-fungible tokens (NFTs) as collateral to enhance their borrowing capacity. The XCN token performed well during most of 2022 after it reportedly debuted in the trading market.

Nevertheless, the XCN price has significantly dropped throughout 2023. Will the XCN token recover in the coming years? Is it convenient to “buy the dip” in this case? Let us discuss it in the following XCN price prediction for the next few years.

Onyxcoin (XCN) Overview

The XCN token is the 595th most valuable cryptocurrency per market capitalization, according to CoinMarketCap. The following table summarizes other important data for the same date.

Onyxcoin (XCN) Price History

The XCN token began trading in the open market at around $0.05 in March 2023. The token quickly increased its price, reaching $0.1 on April 16. However, less than one month later, on May 11, it traded at $0.07. Despite this price correction, the XCN price climbed again, reaching its all-time high of $0.18 on May 27, 2022. However, XCN could only maintain that price level for a short time. On June 18, this token traded at $0.08. The XCN price fluctuated around $0.08 for three months before a downtrend ensued. The XCN price at the end of 2022 was around $0.01.

This year, the XCN price dropped further, reaching its all-time low of $0.0007 on October 11, 2023. As of November 8, 2023, XCN traded at around $0.0009.

Onyxcoin (XCN) Price Prediction

Onyxcoin (XCN) Price Prediction for 2024

The current XCN price uptrend will continue in 2024. Both PricePrediction and TechNewsLeader predict an average and maximum price of $0.002. Hence, your XCN investment at the current $0.0009 could grow by +122%.

Onyxcoin (XCN) Price Prediction for 2025

PricePredictions expects the XCN to trade at $0.003 in 2025. TechNewsLeader agrees with this prediction, indicating an average price of $0.002 and a maximum of $0.003. So, your XCN investment at the current trading price of $0.0009 could increase its value by +233%.

Onyxcoin (XCN) Price Prediction for 2030

In 2030, the XCN price will continue to expand. TechNewsLeader predicts an average XCN price of $0.015 in 2030, possibly reaching a maximum of $0.018. PricePrediction is more optimistic, with an average price of $0.017 and a maximum of $0.019. Hence, your XCN investment at the current $0.0009 could grow by +2,011% by 2030.

Conclusion

The Onyx Protocol is a platform with a promising approach to crypto lending and borrowing. Its utility and governing token, XCN, performed well several months after entering the open market. However, during the last year, XCN has significantly lost value. Price predictions are optimistic about this token. Considering that the current XCN trading price is quite close to its historical lowest, investing in this asset might yield good returns in the long run. It would be better to research this crypto asset thoroughly before investing.

FAQs

Is Onyxcoin (XCN) a good investment?

It might be. Considering the current XCN trading price, investors eager to “buy the dip” could be rewarded with good returns in the long run.

How high can Onyxcoin (XCN) go?

According to PricePrediction, XCN could trade at a maximum of $0.043 in 2032.

Where can I buy the Onyxcoin (XCN) token?

Several crypto exchanges list XCN for trading. If you want to benefit from competitive rates, the best option to buy XCN is LetsExchange.io.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.