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Cryptocurrency News Articles

Onyxcoin (XCN) to $1 in 2025? Here's What Needs to Happen

Apr 23, 2025 at 01:00 am

Onyxcoin (XCN) has become one of the talked-about altcoins in 2025, largely thanks to its wild price swings. Earlier this year, it shocked the market

Onyxcoin (XCN) to $1 in 2025? Here's What Needs to Happen

Onyxcoin (XCN) has certainly become a name on the lips of many crypto traders in 2025, largely thanks to its wild price swings and potential. Earlier this year, the coin shocked the market by surging over 1,500% in just days, only to be met with a crash that saw it plummet by more than 80%.

And just when it seemed like things had settled down, Onyxcoin rallied again, more than doubling in April following Binance's addition of XCN to its futures trading section. It's been volatile, unpredictable, and, for many, exciting.

One YouTuber channel, "Money and I," has directly addressed the question on everyone's minds: can Onyxcoin really hit $1 in this bull cycle?

In a recent video, the channel dove into whether a $1 price target for XCN is still possible or a far-fetched dream. The analyst's take is that the number might seem ambitious, but it's not impossible if the right pieces of the puzzle fall into place.

The video begins by highlighting XCN's recent price spike, which wasn't triggered by any major upgrade or partnership, but simply by Binance including the coin in its futures trading section. This move alone caused the coin to more than double in price, which, according to the creator, speaks volumes about the hype and demand surrounding the project.

Now, keep in mind, this was a futures listing, not a full spot listing which tends to bring in significantly more attention and volume. His argument is simple: if just a futures listing caused that kind of reaction, imagine what a Binance spot listing could do. It would potentially drive the price into what he called "parabolic territory."

Another factor that keeps Onyxcoin relevant is its strong community presence. The team behind XCN continues to post regular updates, including new staking opportunities. At the time of the video, users could stake their XCN at nearly 32% APR, without any lock-up period—a detail that could encourage long-term holding and reduce market sell pressure.

From a numbers perspective, the path to $1 is steep. At the time of recording, XCN was trading at about $0.017 with a market cap of roughly $574 million. To reach $1, the market cap would need to soar to around $33 billion—a 57x increase. That would place it among the top 10 cryptocurrencies in the world by market cap, somewhere between Tron and XRP.

This is where the analysis gets interesting. The video host doesn't claim that this will happen purely based on fundamentals. Instead, he argues that crypto markets are largely driven by hype, narratives, and emotional momentum during bull runs.

Investors often chase pumps and FOMO in, even if they've been burned before. If Onyxcoin gets the right kind of exposure—say, a Binance spot listing or a few strong influencers backing it—that kind of market reaction isn't out of the question.

Furthermore, he compares XCN to other large-cap coins like Stellar (XLM) and Tron, noting that they've reached similar market cap levels in the past. His view is that if those coins can do it, so can Onyxcoin—especially with its "cult-like" community support and recent trading volume spikes.

From the numbers, it's clear that a $1 price target for Onyxcoin is a long shot, but not completely impossible. It will depend on a confluence of factors, including sustained hype, a Binance spot listing, and, of course, the broader crypto market remaining in a bull cycle.

As the video concludes, the creator leaves viewers with a cautiously optimistic message. While he doesn't guarantee that XCN will hit $1, he does believe it's possible if the hype continues and a few key catalysts fall into place—most importantly, a Binance spot listing.

His final words are a stark reminder that investing in crypto is a high-risk, high-reward endeavor. Those who choose to invest should do so wisely and be prepared for the potential consequences.

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Other articles published on May 07, 2025