Onyxcoin (XCN) Up 10%: Analyst Predicts 1,200% Upside
Onyxcoin XCN $0.0133 24h volatility: 7.3% Market cap: $461.65 M Vol. 24h: $75.69 M extended its summer comeback with a sharp 24-hour jump, leading to speculations about how far this cycle can run.
A prominent trader argues that the rally is still in its early innings, forecasting a 1,200% rally for the altcoin.
A 10% Onyxcoin (XCN) Rally
XCN rose 9.44% in the past 24 hours to about $0.01326 as trading volume surged 204.13%, lifting market capitalization to roughly $460.89 million.
The rebound comes despite a choppy month, down 29.08% over 30 days and 2.49% week-over-week, after a blistering 1,000% gain over the last year.
Even with that performance, the token still trades at a steep 92.78% discount to its all-time high of $0.1841.
Catalyst Watch: Smart Wallet Goes Multichain
The latest rally follows the debut of the Onyx Smart Wallet, a non-custodial, gas-free wallet built on the Onyx blockchain.
Guided by community governance, OnyxDAO voted to have Chain provide the infrastructure, enabling a scalable, fee-less user experience across multiple networks.
The multichain upgrade went live on Google Play on August 15 and landed in Apple’s App Store on August 19, opening gas-free XCN transfers on Ethereum ETH $4 304 24h volatility: 0.2% Market cap: $519.16 B Vol. 24h: $37.11 B , BNB Chain BNB $845.3 24h volatility: 1.3% Market cap: $117.74 B Vol. 24h: $1.43 B and Base.
As a modular, low-fee chain designed for financial-grade applications, Onyx is positioning the wallet as a mainstream on-ramp to its ecosystem, with more features teased, including a Goliath testnet wallet.
XCN Price Analysis: The 1,200% Call
Analyst Javon Marks set a target at $0.1816, implying roughly +1,260% from current levels, making XCN possibly the next crypto to explode.
His chart shows a prolonged downtrend capped by a descending trendline with multiple rejection points, followed by a clean break of that trendline, base-building, and then a vertical expansion on heavy volume earlier this year.
After that expansion, price has been consolidating at higher lows, as seen in the chart below.
The $0.1816 objective aligns with a major overhead supply area marked on his chart, just under the prior cycle’s extreme at $0.1841. Interestingly, a confirmed trendline break could turn into a return toward the nearest dominant resistance left by the previous sell-off.
Whether XCN ultimately travels the full 1,200% route will hinge on the wallet’s real-world traction and the broader crypto industry.
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