Crypto Drama: Onyxcoin’s Wild Ride to 800% Gains! 🚀💰

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So, here we are, folks! Onyxcoin (XCN) has decided to throw a party, and guess what? It’s an 800% rally in just two weeks! 🎉 That’s right, the price has skyrocketed, extending its monthly gains to a jaw-dropping 2000%. Who knew crypto could be this dramatic? Onyx is a fully decentralized protocol, powered by the governance and utility token Onyxcoin (XCN). And the reason for this wild ride? A long-standing spat with HTX Global and Justin Sun has finally been resolved. Talk about a soap opera! 📺

Onyxcoin (XCN) Price: The Energizer Bunny of Crypto

Onyxcoin (XCN) is like that friend who just won’t stop partying. After an 800% surge, it’s now trading at $0.0467, which is up over 70% in the last 24 hours. The 24-hour low and high? A thrilling $0.0263 and $0.04839, respectively. Can you believe it? It’s like watching a rollercoaster without a seatbelt! 🎢

And let’s talk about trading volume! It’s jumped from a mere $100 million to a staggering $1.60 billion in just a week. That’s a 98% increase! XCN has even elbowed its way past XRP, SOL, and BTC in trading volume on Coinbase. Move over, everyone! Coinbase is now the XCN party central, with 38% of the market share. 🥳

But wait, there’s more! Onyxcoin (XCN) futures open interest has also seen a massive 45% jump in the last 24 hours. Bybit is reporting a 46% increase in XCN futures open interest. It’s like the crypto world is throwing confetti everywhere! 🎊

Why Onyxcoin is the Talk of the Town

Just to clear the air, Onyxcoin has absolutely no ties to the banking giant JPMorgan. They rebranded their Onyx blockchain to Kinexys to avoid any confusion. Because, let’s face it, who needs more drama? 😅

The recent price pump is all thanks to resolving a dispute from 2022 involving Justin Sun and HTX Global. The OIP-51 proposal passed, making Sun and HTX part of the DAO, with XCN locked for two years. It’s like a long-term relationship, but with crypto! 💍

Onyx has also partnered with several platforms, including the blockchain infrastructure platform Chain, offering a 30% discount for clients using Onyxcoin (XCN) for payments. Because who doesn’t love a good discount? 🤑

And if that’s not enough, they’re incentivizing Onyx Core node operators with a proposal due early February. They’re looking for tech-savvy folks who can keep their nodes running smoothly. It’s like a techie’s dream come true! 💻

Onyxcoin (XCN) is also offering gas refunds on staking, voting, and rewards. Plus, OnyxDAO is gearing up for a major marketing push and a community burn initiative. Because nothing says “we care” like a good old-fashioned burn! 🔥

The @onyxDAO is looking for feedback on a community burn initiative. Monthly, the DAO would analyze the burn wallet with AI and randomly choose a burn wallet, skewed by its tokens burned. An OIP would then grant directly to the chosen wallet $10k in $XCN.

— Onyx (@OnyxDAO) January 25, 2025

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2025-01-27 08:14