The Onyxcoin price has fallen by 2% in the past 24 hours, with its drop to $0.01727 coming as the crypto market as a whole declines by 2.5% today.
While XCN remains up by 10% in a week it has now decreased by 14.5% in the last 30 days, although it holds on to a very healthy 760% increase in the past year.
The coin’s gains this week come as its developers prepare to implement a new upgrade that will introduce gas-free voting and make governance more open, further expanding the project’s decentralization.
And given that other updates are also on their way, the Onyxcoin price could rise steadily over the coming months.
Onyxcoin Price Prediction: XCN Crypto News Pushes Price To $0.20, Is $1 Next?
Onyxcoin validators have already executed the upgrade in question, OIP-56, meaning that the coin’s protocol will implement the update in only a matter of days.
The update isn’t an especially pivotal or momentous one, but it nonetheless makes the Onyxcoin ecosystem a little more open and decentralized, boosting its coin’s prospect over the longer term.
The decentralized finance protocol – which operates on Ethereum – has been struggling to repair its reputation ever since it suffered a couple of hacks in 2023 and then 2024.
According to DefiLlama, its total value locked has essentially been flatlining ever since late 2023, falling from a peak of around $30 million in April 2023 to its current level of only $118,000.
DappRadar puts its contracts balance at only $1.17 million, another sign that it’s struggling to reclaim its former strength.
This perhaps helps to explain why its price has not reacted positively to its ostensibly bullish news today, with the coin’s indicators showing continued signs of decline.
Source: TradingViewFor instance, its RSI (purple) is about to drop below 50, having entered a somewhat overbought position in the first half of April.
At the same time, it looks as though XCN’s 30-day average (orange) has peaked, and then it’s on its way down towards the 200-day (blue).
We could therefore see further drops for the Onyxcoin price in the next few days, although the ongoing market recovery could help it return to $0.030 by July and $0.1 by the end of the year.
New Altcoins Bring Strong Fundamentals and High Potential
Given how doubtful Onyxcoin continues to look, many traders may prefer to diversify into newer tokens, which perhaps have more of a chance of big gains in the near future.
Now is a good time to enter the crypto market, which seems to be regathering some momentum after reacting negatively to the Trump administration’s imposition of tariffs against the rest of the world.
And one class of tokens likely to do well in such a context is presale coins, which can often rally big when they list for the first time.
One coin likely to do this is MIND of Pepe (MIND), an ERC-20 token that has now raised $9.1 million in its sale, which will end in just under 18 days.
MIND of Pepe is ready to launch an agentic AI, which will interact with the cryptocurrency market and with social media networks.
It will process trading data and social media posts to provide MIND holders with market analysis, helping MIND holders to make more informed investment decisions.
Interestingly, it will also generate its own meme coins, using the insights it has gleaned from analysis to produce the most viral tokens possible.
Its native token, MIND, is what investors can use to pay for access to its market analysis, while holders will also gain early access to its generated tokens.
This could mean that MIND attracts strong demand, with holders also able to stake the token for a passive income.
Investors can join its presale now by visiting the MIND of PEPE website, where MIND is at its final presale price of $0.0037515.
Given MIND’s strong community following and impressive presale figure, it has a good chance of doing well once it lists in a couple of weeks.
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