DAO

Onyxcoin (XCN) Surges 22% in 24 Hours, Eyes Three-Year High

Tuesday. February 4 at 11:00 PM

1 min. read
Onyxcoin (XCN) Surges 22% in 24 Hours, Eyes Three-Year High

Onyxcoin (XCN) has experienced a significant 22% surge within the last 24 hours, emerging as the top-performing asset in the cryptocurrency market. The rally commenced the previous week and gathered momentum following the resolution of issues with Huobi and Tron founder Justin Sun. Currently priced at $0.03, XCN is aiming to reach its three-year peak of $0.04, with technical indicators suggesting a promising upward trend. The recent successful resolution of long-standing issues with HTX Global and Justin Sun by the Onyx DAO has notably contributed to XCN's price surge. The asset's Relative Strength Index (RSI) stands at 64.78, indicating a strong bullish phase with increasing buying pressure. If the buying momentum continues to strengthen, XCN may surpass the resistance at $0.038 and potentially reach $0.049, its three-year high. However, profit-taking by market participants could reverse this bullish trend, leading to a potential drop in XCN's value to $0.021.

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Onyxcoin (XCN) Surges 22% in 24 Hours, Eyes Three-Year High

Onyxcoin (XCN) Surges 22% in 24 Hours, Eyes Three-Year High

Tuesday. February 4 at 11:00 PM

Onyxcoin (XCN) has experienced a significant 22% surge within the last 24 hours, emerging as the top-performing asset in the cryptocurrency market. The rally commenced the previous week and gathered momentum following the resolution of issues with Huobi and Tron founder Justin Sun. Currently priced at $0.03, XCN is aiming to reach its three-year peak of $0.04, with technical indicators suggesting a promising upward trend. The recent successful resolution of long-standing issues with HTX Global and Justin Sun by the Onyx DAO has notably contributed to XCN's price surge. The asset's Relative Strength Index (RSI) stands at 64.78, indicating a strong bullish phase with increasing buying pressure. If the buying momentum continues to strengthen, XCN may surpass the resistance at $0.038 and potentially reach $0.049, its three-year high. However, profit-taking by market participants could reverse this bullish trend, leading to a potential drop in XCN's value to $0.021.

DAO

Latest Crypto News Highlights

Latest Crypto News Highlights

Thursday. January 2 at 4:00 PM

Stay updated on the latest in the crypto world with daily news covering Bitcoin, blockchain, DeFi, NFTs, Web3, and crypto regulations. The Floki community has dedicated funds for an upcoming Exchange-Traded Product (ETP), while illegal crypto ads persist in the UK despite warnings. A proposal in Switzerland aims to require the central bank to hold Bitcoin. Memecoins, like Floki, have seen significant growth, with the ETP set to launch in 2025. Despite regulatory actions, many crypto ads in the UK remain active. The Swiss National Bank may soon hold Bitcoin, pending a public referendum. Advocates are pushing for this change, with previous attempts dating back to 2021. Stay informed with our Crypto Biz newsletter for key insights on blockchain business trends and regulatory updates.

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Controversy Surrounding Polymarket and Decentralized Prediction Markets

Controversy Surrounding Polymarket and Decentralized Prediction Markets

Thursday. December 19 at 7:00 PM

Polymarket, a decentralized prediction market platform, has faced scrutiny over governance and reliability issues. The platform gained attention for predicting the likelihood of an Israeli military action in Syria by 2024. However, concerns arose regarding alleged manipulation by the 'oracle' provider UMA and the overall trustworthiness of decentralized betting systems. Despite generating significant trading volume, some predictions by Polymarket have faced criticism. Disputes over market resolution criteria persist, with UMA voters settling in favor of 'Yes' twice. Critics accuse UMA whales of exploiting delays for profit, while UMA co-founder refutes these claims, emphasizing adherence to rules. The incident highlights vulnerabilities in Oracle governance within decentralized platforms, impacting market fairness and legitimacy. The controversy underscores the challenges faced by such platforms in balancing innovation with accountability to maintain user trust and transparency.

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Enhancing Web3 Community Building with Galaxis Staking Programs

Enhancing Web3 Community Building with Galaxis Staking Programs

Thursday. December 12 at 2:00 PM

Galaxis has introduced two new staking programs to revolutionize community participation and benefits within Web3. The platform, known for providing self-sovereign digital spaces for creators and brands, offers digital membership cards for figures like Donald Trump and brands such as the NBA. The Governance Staking for Members and Engine Superlock for Engine Holders initiatives aim to empower community members by combining governance mechanisms with token rewards. By staking GALAXIS tokens, members gain voting rights to influence platform decisions. The voting power calculation ensures fair representation, preventing dominance by larger token holders. Active voters receive monthly token rewards, with additional incentives for long-term engagement. The Engine Superlock program rewards engine holders for their commitment to the ecosystem. Galaxis CEO envisions the platform as a hub for building thriving decentralized communities, offering innovative solutions for community engagement and monetization.

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