Crypto trader Shillin’ XRProfit made a bold prediction about Onyxcoin (XCN), stating it’s “about to make some of the highest percentage returns this cycle.” His confidence in XCN’s potential stems from several factors that appear to support this bullish outlook.
“$XCN about to make some of the ‘highest percentage returns’ this cycle, prove me wrong,” tweeted Shillin’ XRProfit, before listing several compelling reasons for his optimism.
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The Case for Onyxcoin’s Explosive Growth
Let’s dive deeper into why Onyxcoin might indeed deliver exceptional returns in the current market cycle.
XCN Goliath Mainnet Launch
The upcoming Goliath Mainnet launch on March 3, 2025, represents a major milestone for Onyxcoin. This transition from development to a fully operational network has already generated significant investor interest and speculative buying.
Historically, mainnet launches often trigger substantial price rallies as market confidence grows and new use cases emerge. XCN’s mainnet will enhance its capabilities for supporting decentralized applications and smart contracts, potentially making it a stronger competitor in the blockchain space.
$XCN about to make some of the highest percentage returns this cycle, prove me wrong. 1. Mainnet, 2. US company, 3. ATH was 18cents , 9x away. 4. One of the highest volume moving coins in coinbase. …to name a few. Buckle up! pic.twitter.com/HCcyKEUIo7
— Shillin' XRProfit (@j2schill) March 3, 2025
Onyxcoin Is a US-Based
Another point highlighted by Shillin’ XRProfit is Chain’s status as a US-based company. Being headquartered in the United States adds a layer of credibility and regulatory compliance that many investors find reassuring.
Chain, the organization behind XCN, focuses on providing blockchain solutions for financial institutions, and its partnerships with established entities like the Stellar Foundation further strengthen its position in the market.
9x to All-Time High
The all-time high (ATH) factor is particularly intriguing. As Shillin’ XRProfit noted, XCN previously reached $0.18, which is approximately 9 times higher than current levels. This historical peak demonstrates the token’s potential and provides a clear target for speculative investors.
Such returns, while ambitious, aren’t unprecedented in crypto markets, especially for tokens with strong fundamentals and significant catalysts on the horizon.
High Trading Volume on Coinbase
Trading volume is another positive indicator. Shillin’ XRProfit emphasized that XCN is “one of the highest volume moving coins in Coinbase.”
High trading volume typically signals strong liquidity and market interest, making it easier for investors to enter and exit positions without significant price slippage. Furthermore, Coinbase’s rigorous listing requirements lend additional legitimacy to Onyxcoin.
Major Partnership Potential
Crypto observer New World Order shared a potentially game-changing statement from Adam Ludwin, the founder of XCN/OnyxDAO. According to the post, Ludwin revealed that “Visa is launching a competitor to Swift, that’s built entirely on our platform.”
If accurate, this partnership would represent a massive vote of confidence in Onyxcoin’s technology. Ludwin reportedly stated that “more businesses will transact over Visa’s new network in a day than people sending bitcoin transactions over the last year.” Such adoption would dramatically increase XCN’s utility and visibility in the broader financial ecosystem.
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Onyxcoin Price Analysis
From a technical perspective, XCN’s price action also shows promising signs. On a 4-hour timeframe, XCN/USD has recently broken above a long-term descending trendline. The trendline had been acting as resistance since January.
This breakout, accompanied by strong bullish momentum, suggests a potential trend reversal or at least a significant shift in market sentiment. Currently, the price appears to be pulling back slightly to retest the previous resistance as new support. If this level holds, it would confirm the breakout and strengthen the bullish case for XCN.
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Should buyers step in at this newly established support level, Onyxcoin could enter a substantial rally phase. This could see the price rise by around 150%. A successful retest would likely lead to further upside movement, with previous highs serving as the next targets.
However, caution is warranted. If the price fails to hold above the trendline and drops back below, it could indicate a false breakout and a potential continuation of the downtrend. Traders should watch for confirmation of the breakout through a successful retest of the trendline-turned-support.
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