After a long and dry patch, the crypto landscape is already on a roll. BTC has finally recovered its prices and broken the $100k mark, triggering industry-wide price action. The XCN token was affected by this rally.
The XCN token is primarily a native token for the peer-to-peer DeFi protocol called Onyxcoin. In light of the pan-industry trend, XCN has grown by 15% in the last 24 hours. This sudden price increase is significant as it places XCN at the top of the food chain.
XCN Growth That Can Break The Chain
At press time, one XCN token is worth $0.020. This is a noticeable departure from last week’s price movement, when the token was traded at around $0.016 with noticeable downtrend price action.
On-chain metrics have shown that XCN is repeating a historical pattern, which is known to push the price higher. As a result, analysts believe that the token can experience some surges. Therefore, bearish waves are ahead for XCN.
Our data now suggests that the token could easily rise to as high as 60%. However, data can often change and become deceptive at the drop of a hat. Therefore, it is important to be cautious about that.
