Onyxcoin (XCN) has recorded one of the strongest rallies in the crypto market within the past 24 hours. The altcoin surged by 58.24 percent in a single day, pushing its market capitalization to $1.16 billion.
The price of XCN climbed to $0.02175 on Friday, up from $0.01423 the previous day, based on data from CoinMarketCap. The rally follows a significant increase in trading volume, which soared by 181.44% to reach $595.33 million.
Source: CoinMarketCap
U.S. inflation data with a sub-3 percent inflation rate led to this market movement. The information update generated financial market purchasing activity, producing significant cryptocurrency price changes.
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XCN emerged as one of the main alternative coin investments following a return of investor market activity after prolonged low interest. Coinciding with the price increase were growing inquiries about the project’s development status and future directions.
Investor Interest Surges as Onyx Ecosystem Expands
Launched in 2022, XCN is the utility token of the Onyx ecosystem, which is expanding its blockchain infrastructure. One of the key highlights is Goliath, a new Layer 1 blockchain designed to handle up to 24,000 transactions per second.
Through Goliath functionality, the Onyx blockchain wants to create infrastructure for institutional usage while establishing its position in high-speed blockchain systems. The project is developing XCN Ledger as its Layer 3 protocol, which focuses on security alongside scalability.
The XCN Ledger testnet is planned to launch during the third quarter of 2025, while its mainnet is expected to be in early 2026. The recent market developments have sparked renewed interest in the token, which is apparent in its market price strength.
XCN reached two significant resistance zones, first at $0.015 and then at $0.018. Expert analysts anticipate XCN tokens may rise shortly to a $0.025 to $0.027 value zone while maintaining the potential to reach $0.035 before the end of the pattern.
Conclusion
Onyxcoin’s explosive 58 percent rally marks a key shift in market perception as its market cap passes $1.16 billion. With trading volume surging and key blockchain milestones on the horizon, XCN is back in focus among active traders.
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