XCN is one of the hottest stories in crypto this month as the price pumped 20x with the market cap now above $1 billion.
The community is getting stronger every day too, and one of the most vocal ones is analyst “The Block Bull” who just released another XCN video and updated his price targets. The XCN price is now trading around $0.035, down 9% today.
The Block Bull talks about the rebrand from Onyx to Conexes by JP Morgan, which has got everyone talking. While JP Morgan keeps quiet about XCN in public, they’re actually a massive player – we’re talking about $9.8 trillion in daily processing and over $200 trillion in assets. Word is that XCN might be part of their bigger plan for real-world assets.
Coming up soon is a pretty big deal – Justin Sun and HTX are getting their hands on 500 million XCN tokens. But here’s the catch: they’re locked up for two years, so no quick dumping on the market. This is what The Block Bull claims, at least.
XCN Price Predictions
The Block Bull looked at XRP’s crazy run to $3.82 back in 2017 and thinks XCN might pull off something similar. He’s mapped out some key price points to watch: $0.055, then $0.18 (the current high), and maybe even $5.61 if things really take off.
Looking ahead to April-May 2024, The Block Bull thinks we might see some action, especially if the Fed cuts rates. He’s spotted a cup and handle pattern that could mean a breakout once XCN pushes past $0.18.
The numbers being thrown around are pretty wild – anywhere from 80x to 159x gains from where we are now. For traders keeping score, $0.055 is the number to watch for any breakout moves.
Read also: Not XCN, But WEPE Could be the Best Altcoin to Buy Now—Here’s Why
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