Onyx DAO recently resolved an unrelated issue with HTX Global and Justin Sun, sparking significant price gains in the XCN token. The token has seen a rise of over 270% in 24 hours, reaching a high of $0.0293, as institutional investors and meme coin enthusiasts continue to drive demand.
The XCN token’s growth is fueled by its role as a governance and utility token for the Onyx Protocol, which aims to facilitate mainstream staking and farming. This has garnered interest from top crypto exchanges like Coinbase and has resonated with Web3 adoption trends.
Notably, the token’s price recently broke out of a key technical pattern, signaling potential for further gains. However, short-term corrections remain possible due to market headwinds. Experts suggest traders monitor RSI levels and support zones while remaining vigilant for broader shifts in the Web3 space.
Source: https://www.coinspeaker.com/sleeping-giant-onyxcoin-xcn-awakens-with-massive-800-price-surge-over-two-weeks