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Cryptocurrency Onyxcoin (XCN) surges 10%; analyst forecasts potential 1,200% increase ahead

Cryptocurrency Onyxcoin (XCN) experiences a 10% surge following the introduction of its multichain, gas-free Smart Wallet, with financial experts speculating a possible 1,200% growth potential for the digital token.

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Onyxcoin Surges 10%: Analyst Anticipates Large 1,200% Gainpotential
Onyxcoin Surges 10%: Analyst Anticipates Large 1,200% Gainpotential

Cryptocurrency Onyxcoin (XCN) surges 10%; analyst forecasts potential 1,200% increase ahead

The Onyxcoin (XCN) multichain upgrade is now live on Google Play and Apple's App Store, enabling gas-free XCN transfers on Ethereum, BNB Chain, and Base. The Onyx Smart Wallet, a non-custodial, gas-free wallet built on the Onyx blockchain, has recently been introduced.

Analysts are broadly optimistic about Onyxcoin's future amidst this launch, with multiple forecasts projecting substantial price appreciation in 2025 and 2026.

Price Projections

As of late August 2025, the price of XCN is about $0.01177, with machine learning forecasts suggesting a stable price near $0.011 in the immediate days ahead. However, several analysts foresee much higher targets.

Javon Marks predicts a potential surge up to $0.1816 by breaking strong descending trendlines and consolidation patterns, implying over 1,200% upside from current levels, contingent on the Onyx Smart Wallet gaining real-world traction. Other analysts outline a potential target range of $0.05 to $0.32 in the medium term, with the possibility of a long-term price reaching $0.50 by 2026.

A technical analysis video also speculates a rally of approximately 630% in the next crypto cycle for XCN due to favourable technical patterns and bullish catalysts linked to the wallet launch.

Fundamental Drivers

The multichain Onyx Smart Wallet is expected to enhance Onyxcoin’s usability across multiple blockchains, increasing adoption and utility beyond speculative trading. Enterprise adoption and institutional partnerships are forecasted to raise the demand for XCN tokens, contributing to higher price levels by integrating the token in finance, supply chain, and decentralized governance. Improved staking rewards and governance are also mentioned as factors that could reduce inflation and increase token holder engagement, supporting bullish price momentum.

Market Conditions and Risks

Realization of these forecasts depends heavily on the successful adoption of the Onyx Smart Wallet and broader positive trends in the crypto market. Resistance levels near $0.18-$0.19 could pose challenges to short-term breakout attempts. Price volatility remains high, and some price ranges cited (e.g., over $0.50) reflect optimistic scenarios under strong market expansion and adoption conditions.

In summary, the launch of the multichain Onyx Smart Wallet is seen as a major catalyst for Onyxcoin’s price growth, with multiple analysts projecting upwards of 600% to over 1200% gains within the next 1-2 years if adoption and market sentiment improve. Real-world utility and successful integration of the wallet into blockchain ecosystems will be critical to reaching these forecasts.

Please note that this article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Always verify information on your own and consult with a professional before making any decisions based on this content.

Current Market Data

  • Onyxcoin (XCN) currently trades at $0.01326 after a 9.44% increase in 24 hours.
  • Trading volume for Onyxcoin (XCN) has spiked by 204.13% in the past 24 hours.
  • The market capitalization of Onyxcoin (XCN) is currently approximately $460.89 million.
  • The current price of ETH is $4,087 with a 24h volatility of 5.0% and a market cap of $493.28 billion.
  • The Onyx Smart Wallet offers a multichain, gas-free experience on ETH, BNB, and Base.
  • The Onyx Smart Wallet is guided by community governance, represented by OnyxDAO.

[1] [Machine learning forecast source] [2] [Javon Marks' analysis source] [3] [Medium-term price forecast source] [4] [Technical analysis video source] [5] [Long-term price forecast source]

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