Onyxcoin (XCN) Sees 800% Surge in Weeks

The price of Onyxcoin has jumped 800% in just two weeks. This massive increase is part of a larger rally, with a nearly 2000% rise over the past month. A key factor in this surge is the resolution of a long-standing dispute with Justin Sun and HTX Global. Let’s explore what’s behind this explosive growth.

Onyxcoin’s Unstoppable Rise

Onyxcoin’s price recently jumped to $0.0467, marking a 70% increase in just 24 hours. The 800% surge in two weeks ignited the rally. The coin’s low and high during the last 24 hours were $0.0263 and $0.04839. 

Trading volume has also surged. In just one week, it skyrocketed by 98%, hitting $1.60 billion today from $100 million last week. XCN has outperformed top coins like XRP, SOL, and even BTC on Coinbase. 

The exchange now holds 38% of XCN’s trading volume. In addition, the open interest in XCN futures jumped by 45%, suggesting the price may continue to rise.

Key Factors Driving the Surge

The recent surge in Onyxcoin’s price comes after resolving an ongoing dispute with Justin Sun and HTX Global. The OIP-51 proposal passed, making Sun and HTX part of Onyx’s decentralized autonomous organization (DAO). 

XCN will be locked for two years, signaling commitment to long-term growth. Onyxcoin also partnered with blockchain platform Chain, offering clients a 30% discount when paying with XCN. 

Onyx DAO is actively pushing initiatives, including gas refunds on staking and rewards. A community burn proposal is also on the way, generating more excitement around the token.