XCN (Onyxcoin) rose 16.87% in 24 hours.

Gate News Bot news, August 19, according to CoinMarketCap, as of the time of writing, XCN (Onyxcoin) is currently priced at $0.01, with a rise of 16.87% in the last 24 hours, reaching a high of $0.01 and a low of $0.01. The current market capitalization is approximately $495 million, an increase of about $71.5 million compared to yesterday.

Onyxcoin (XCN) is a decentralized digital asset based on Ethereum ERC-20, serving as the utility, fuel, and governance token for Onyx. Onyx is a modular blockchain designed for financial-grade applications, providing near-instant confirmation and low fees. XCN operates across multiple blockchain networks, including Ethereum, Base, and BNB Chain. The current total supply of XCN is 48 billion, with a circulating supply of over 33 billion. The Onyx ecosystem includes various products and tools such as Onyx AI, bridging USDC, Super Bridge, and more.

Important recent news about XCN:

1️⃣ Multiple exchanges launching to drive demand rise XCN has been launched on multiple mainstream trading platforms, significantly enhancing its accessibility and liquidity. This move has attracted more investor attention, driving a substantial rise in trading volume and becoming an important catalyst for price pump.

2️⃣ Smart capital inflow accelerates price rise The market has observed a large amount of "smart money" flowing into XCN, which is often seen as a signal of strong interest in the project from institutional investors or experienced traders. This influx of funds has not only pushed up the price but also boosted market confidence in the long-term development prospects of XCN.

3️⃣ Technical faces key resistance level Although XCN has performed strongly recently, technical analysis shows that its price is approaching a significant resistance level. Market participants should closely monitor this level, as a breakout could trigger further rise, while a failure could lead to a short-term pullback.

From a fundamental perspective, Onyxcoin, as the core token of the Onyx ecosystem, is closely related to the development and adoption of the entire network. However, investors should be aware that the high volatility of the cryptocurrency market means that significant price fluctuations may occur in the short term.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.