Onyxcoin XCN $0.0133 24h volatility: 7.8% Market cap: $461.11 M Vol. 24h: $75.73 M extended its summer comeback with a sharp 24-hour jump, leading to speculations about how far this cycle can run.
A prominent trader argues that the rally is still in its early innings, forecasting a 1,200% rally for the altcoin.
A 10% Onyxcoin (XCN) Rally
XCN rose 9.44% in the past 24 hours to about $0.01326 as trading volume surged 204.13%, lifting market capitalization to roughly $460.89 million.
The rebound comes despite a choppy month, down 29.08% over 30 days and 2.49% week-over-week, after a blistering 1,000% gain over the last year.
Even with that performance, the token still trades at a steep 92.78% discount to its all-time high of $0.1841.
Catalyst Watch: Smart Wallet Goes Multichain
The latest rally follows the debut of the Onyx Smart Wallet, a non-custodial, gas-free wallet built on the Onyx blockchain.
The @OnyxDAO Smart Wallet is supported by @Chain including multichain $XCN support as the infrastructure provider.
Keep a look out for more upcoming features 🔜 including a sneak peak of the Goliath testnet wallet 👀 pic.twitter.com/2E46aV1dVk
— Chain (@Chain) August 19, 2025
Guided by community governance, OnyxDAO voted to have Chain provide the infrastructure, enabling a scalable, fee-less user experience across multiple networks.
The multichain upgrade went live on Google Play on August 15 and landed in Apple’s App Store on August 19, opening gas-free XCN transfers on Ethereum ETH $4 306 24h volatility: 0.3% Market cap: $519.92 B Vol. 24h: $37.35 B , BNB Chain BNB $845.9 24h volatility: 1.4% Market cap: $117.83 B Vol. 24h: $1.43 B and Base.
We're thrilled to announce that the new multichain version of the Onyx Smart Wallet is now live on the Google Play Store.$XCN can now be used gasfree across multiple chains and those that sent their #XCN previously can now access their tokens on ETH, BNB, and Base.
Apple 🔜 pic.twitter.com/SjBvvpk4rL
— Onyx (@OnyxDAO) August 14, 2025
As a modular, low-fee chain designed for financial-grade applications, Onyx is positioning the wallet as a mainstream on-ramp to its ecosystem, with more features teased, including a Goliath testnet wallet.
The updated version of the Onyx Smart Wallet is now live in the Apple App Store ✅
Update to version 1.0.1 now and get access to multichain gas-free $XCN transactions ⛽️ pic.twitter.com/53yWKu2oqO
— Onyx (@OnyxDAO) August 18, 2025
XCN Price Analysis: The 1,200% Call
Analyst Javon Marks set a target at $0.1816, implying roughly +1,260% from current levels, making XCN possibly the next crypto to explode.
$XCN (Onyxcoin) –
Target @ $0.1816 (Over +1,260% Upside) https://t.co/cVNBJEVFLx pic.twitter.com/vqtQ63qAH9
— JAVON⚡️MARKS (@JavonTM1) August 19, 2025
His chart shows a prolonged downtrend capped by a descending trendline with multiple rejection points, followed by a clean break of that trendline, base-building, and then a vertical expansion on heavy volume earlier this year.
After that expansion, price has been consolidating at higher lows, as seen in the chart below.
The $0.1816 objective aligns with a major overhead supply area marked on his chart, just under the prior cycle’s extreme at $0.1841. Interestingly, a confirmed trendline break could turn into a return toward the nearest dominant resistance left by the previous sell-off.
Whether XCN ultimately travels the full 1,200% route will hinge on the wallet’s real-world traction and the broader crypto industry.
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