4 Reasons Why Onyxcoin (XCN) Price Is Still Undervalued

The price of Onyxcoin has been moving sideways since its mid-April spike, with many investors wondering what's next for the token.

The price of Onyxcoin (XCN) has been trading in a sideways range since its massive mid-April spike, with many investors keeping an eye on what's next for the token. Despite a few impressive rallies earlier this year, there's a strong case to be made that the XCN price is still undervalued.

Here are four key reasons why Onyxcoin could have much more room to grow.

Onyxcoin Has Few Competitors In Its Niche

One of the main reasons the Onyxcoin price might be cheap is that it operates in a relatively underexplored segment of crypto: payments and trade finance. While this space is projected to become a multi-trillion-dollar market by 2028, very few crypto projects are building specifically for it.

Among the few, we have Ripple (XRP), Stellar (XLM), and XinFin (XDC), all of which have also been embroiled in regulatory battles that might deter some investors. XCN, on the other hand, stands out for having a clearer legal standing and a more flexible technical design.

With fewer direct competitors, the token is positioned to benefit as adoption in this niche increases. As global demand for seamless cross-border payments and decentralized finance grows, Onyxcoin may become a major player in the space—which isn't yet fully reflected in the XCN price.

Strong Market Activity And Correlation With Bitcoin

Despite its modest price movement lately, Onyxcoin still maintains a healthy level of market strength. Its market cap is around $600 million, and daily trading volume often exceeds $45 million. These numbers suggest that XCN is not a forgotten microcap.

Investors are actively watching and trading this token, which helps reduce risks associated with low-volume assets. Earlier this year, when Binance listed XCN futures, daily trading volume surged from around $25 million to over $600 million in just a few days. That explosion in volume showed there’s real demand and interest behind the project.

Also, XCN tends to follow major crypto trends. When Bitcoin or Ethereum rally, Onyxcoin often moves in the same direction. But it doesn’t always need the market’s help.

Back in January, the XCN price spiked by nearly 2,000% in two weeks. In April, the token jumped almost 300% even while other altcoins stayed flat. These rallies show it has the power to outperform the broader market.

Community And Developer Growth Backs Up The Hype

The hype around Onyxcoin isn’t just driven by whales or exchange listings. It has a real community, with a combined following of about 500,000 across Twitter and Telegram by April 2025.

On-chain data supports this too, with nearly 4,000 active addresses daily and trading volume close to $591 million. Behind the scenes, developer activity has picked up as well. Contributions on GitHub doubled in a short span, showing that the protocol is actively evolving.

The price surges this year weren’t random; they came alongside real ecosystem growth, new tools, and community expansion. When crypto price action is backed by real user adoption and builder engagement, it tends to be more sustainable.

New Technology, DAO Deals, And Long-Term Potential

One of the most overlooked reasons the XCN price might be undervalued is the ongoing protocol development and governance shifts. OnyxDAO recently resolved disputes with Tron founder Justin Sun and HTX Global, successfully bringing them into the DAO’s ecosystem.

That’s a major reputational win and opens up future opportunities for staking and governance collaboration. The rollout of the new XCN Ledger and Layer-3 infrastructure this year was another big milestone. It means the project now has stronger scalability solutions and a clearer direction as a Web3 infrastructure platform.

Other upgrades like sXCN (its liquid staking system) and the Goliath Project are focused on making the token more useful across DeFi, payments, and staking. There are also incentive programs now live, such as OIP-51 for Onyx Core Nodes—and strategic partnerships like the one with Chain.com, which allows real-world payments using XCN. These developments make XCN more than just a speculative asset.

It’s worth noting that some metrics like the Network Value-to-Transactions ratio suggest the token might be temporarily overvalued. But when you zoom out and look at the long-term tech roadmap, community strength, and adoption play, the foundation for growth is solid.

Growth Potential This Cycle

At its current level, a return to Onyxcoin’s last all-time high would require a 450% increase. That shows just how far XCN has fallen from peak levels—and how much potential it still holds.

If the project continues gaining traction and delivering on its roadmap, the XCN price could easily surprise investors again this cycle.