Onyxcoin (XCN) Whitepaper Release on February 3: What to Expect and Impact on Price Growth

By / / Crypto News, Daily News

Overview:
The Upcoming Whitepaper Release
The blockchain project Onyxcoin, behind the $XCN token, has something very important happening soon—the much-anticipated Whitepaper to be released on February 3, 2025. With that and the launching of the Onyx XCN Ledger, there is a lot of hype surrounding this event throughout the crypto space, as both investors and developers are highly interested in where this project goes next.

Table Of Contents
  1. What to Expect from the XCN Whitepaper
  2. Onyxcoin Price and XCN Price Predictions
  3. Conclusion: Is XCN Worth Watching?

What to Expect from the XCN Whitepaper

A whitepaper is a major accomplishment for any blockchain, providing details on its roadmap, technological upgrades, and governance model. The Onyxcoin whitepaper is going to introduce key developments, including the Onyx XCN Ledger, which could potentially:

  • Improve scalability,
  • Speed up transactions,
  • Ensure the security of the ecosystem.

As the XCN token’s contract will also stay on the Ethereum chain, along with XCN Staking and Governance, the fresh Onyx chain may unlock new use cases for development. Through this approach, Onyxcoin is moving forward to a wider ecosystem, while ensuring that many existing ones remain robust.

The Onyxcoin team has confirmed that there is no new token contract and no airdrop associated with the upcoming launch. This clear communication helps to build the security and trust that is often required in an industry marked by scams.

Onyxcoin Price and XCN Price Predictions

Currently, XCN is priced at $0.03121, representing a decline of 5.29%. The circulating supply of the token is 31.83 billion XCN, with a total supply of 48.40 billion, giving it a market cap of $963.45 million and a 24-hour trading volume of $946.04 million.

In the near term, analysts predict that XCN could increase to $0.0370-$0.0500 if it sustains this range. However, if it breaks support, it might plummet to the $0.015-$0.020 range.

The release of the XCN Whitepaper is likely to have a massive impact on investor sentiment, outlining future growth and establishing the project’s potential. Should the whitepaper introduce meaningful upgrades, Onyxcoin might attract more attention, pushing positive momentum in the crypto market.

Conclusion: Is XCN Worth Watching?

All eyes are still on Onyxcoin, with the release of the XCN Whitepaper fast approaching. February 3 will be an important date for both investors and the crypto community. With strong principles of governance and potential technological enhancements, Onyxcoin is in a unique position to maintain dominance in the blockchain world.

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