Onyxcoin Soars to New Heights: 43% Spike Propels it into Top 100!

Hang on to your hats, folks! Onyxcoin is absolutely crushing it, riding the wild wave of the crypto market like a pro surfer. This decentralized Web3 beast has skyrocketed by 43%, blasting its way into the top 100 coins by market cap. It's like watching a rocket take off!

The Onyxcoin (XCN) price is hovering above $0.020, and it's not just chilling there—it's soaring! Double-digits up on the day and still climbing, XCN is following the lead of the big dogs like Bitcoin (BTC), which is on a tear of its own.

Right now, XCN's market cap is sitting pretty at $685 million, with a 24-hour volume that's shot up over $81 million—a mind-blowing 213% increase! The daily trading range? A wild ride from $0.0170 to $0.0201.

Why is XCN Surging Today?

Hold onto your seats because Bitcoin just smashed past $122,000 and Ethereum (ETH) is flying over $3,000. In the midst of this madness, Onyxcoin's token rallied more than 16% to hit highs of $0.020. That's the highest it's been since mid-May and a massive bounce back from the June low of $0.012. It's like watching a phoenix rise from the ashes!

While whale activity has been a big boost for XCN in recent weeks, the latest explosion is all about those juicy network developments.

On July 12, the team dropped a bombshell: the highly anticipated improvement proposal for Onyx Points passed! The OIP-60 proposal is gonna activate points rewards for XCN stakers on the Ethereum network and roll out the protocol's gas-free wallet. It's queued up and ready to go live in about 48 hours. It's like Christmas came early for XCN holders!

As the token breaks out of a six-month falling wedge pattern, bullish bets are pushing open interest to $21 million. And get this—a 16% jump in OI is happening right alongside a surge in derivatives volume. According to the latest data, the broader crypto market rally has triggered a 155% spike in this metric. It's like the whole market is on steroids!

Interest in Onyxcoin is absolutely exploding in recent weeks, fueled by exchange listings and that crazy market sentiment.

XCN picked up some serious steam after getting listed on the top decentralized exchange PancakeSwap. Plus, it's been riding high from previous integrations with Coinbase Wallet, Base, and BNB Chain. But let's keep it real—prices have taken some nasty hits during broader market downturns. It's a wild ride, but that's what makes crypto so damn exciting!