As the cryptocurrency market evolves, a new set of tokens emerge. Onyxchain (XCN) has gained traction due to its innovative approaches and real-world application. With its creative focus on trade payments and decentralized finance (DeFi), the Onyxcoin network could redefine financial services. Its low market cap and growing adoption have made it an ideal candidate for investors looking to diversify their portfolio.
At the same time, a newly launched Solana meme coin, ChowWow, has also quickly captured attention in the market due to its opportunity for substantial gains and innovative ecosystem backed by real utility. As the crypto market recovers, Onyxcoin and ChowWow are well-positioned for substantial price gains. However, can these two tokens outpace popular Sui and Ripple price performance?
What you'll learn 👉
Onyxcoin (XCN) Continues Its Drawdown
Onyxcoin is a newly launched crypto that has become a key player in financial services, utilizing blockchain technology for secure, decentralized transactions. The project aims to challenge major financial platforms by focusing on global trade, payments, and asset tokenization. While experts have been optimistic about XCN’s price potential, forecasting a 43x increase in value in the coming years, its current market sentiment is weak.
The daily active addresses have dropped to a monthly low, suggesting that XCN holders have remained cautious due to the ongoing sell-off. Most investors have adopted a wait-and-see approach. The declining trading activity indicates skepticism in the market. Many XCN investors opted not to engage until there is a more precise recovery potential, while others have shifted focus to ChowWow, a Solana-based meme coin tipped to experience a 260% price surge. This bearish sentiment has contributed to the overall downward pressure on Onyxcoin price.
Onyxcoin price chart | Source: CoinMarketCap
Until investors’ interest intensifies, the altcoin will likely struggle with any significant price surge. Failure to close above its immediate resistance level could pull back the price of Onyxcoin towards its nearest support at $0.0018. However, should XCN close above the $0.0237 resistance and turn it into support, a recovery could be on the horizon, opening the door to a rise toward $0.0358 and invalidating the bearish outlook. A successful breakout would lead to profits for those holding XCN.
SUI Bulls Target 24% Rally
Sui Network captured the spotlight with its innovative layer-1 blockchain platform designed to meet the demands of global adoption, enabling a secure, robust, and scalable development environment. The platform is crafted to address the inefficiencies found in the current blockchain frameworks. This unique value proposition has seen the Sui blockchain garner massive adoption to grab a substantial crypto market share, ultimately scaling its value to new levels.
Beyond its network, Sui’s price performance has also captured attention. While the general market record mixed sentiments, the price of SUI staged a decisive increase, thanks to the formation of a bullish double-bottom pattern. If confirmed, SUI price could stage a 24% rally. While SUI’s technical points to a promising future, long-term SUI holders have been offloading their SUI tokens.
SUI price chart | Source: CoinMarketCap
While the short-term price outlook for the Sui coin remains uncertain, its longer-term outlook remains bullish. The crypto’s ability to hold gains above critical levels amid market resilience reflects its resilience. If SUI can continue to build on the recent momentum, the altcoin could stage a substantial price increase in the coming months.
Ripple Price History and Potential
Ripple price has drawn attention as analysts point to historical patterns suggesting a potential 1500% rally. A critical technical indicator, the bull market support band, highlights the altcoin might set up a breakout similar to its 2017 rally. The XRP token has touched a key support zone called the purple foundation and maintained a position above the BMSB. This setup has mirrored the 2017 cycle when the XRP price dropped to lower lows around the same region before staging a 1,500% rally.
XRP price chart | Source: CoinMarketCap
The XRP price hovered around the $3.40 level during that period before revisiting the BMSB. The historical move triggered an extraordinary breakout that scaled prices to record highs. Market believers are now debating whether the XRP coin could experience a similar trajectory. If history were to repeat itself, XRP price could rally towards the $27 level.
While technical patterns offer compelling insights, traders have remained cautious since market conditions and external factors influence price movements. Investors continue to closely monitor key critical as others hedge their long positions with ChowWow, which holds more promise and stability in the near term.
ChowWow ($CHOW): Utility Meme Coin with a Vision for the Future
As Onyxcoin, Ripple, and Sui navigate market turbulence, ChowWow presents an opportunity for massive short-term returns. It has captured the crypto community’s attention with its quirky relation to the popular Chinese Chow Chow dog breed. This isn’t just another ordinary meme coin; it transcends the existing meme coin narrative. ChowWow provides practical use cases like the Web3 gaming infrastructure, airdrops, and staking features to encourage loyalty and expand the community.
Demand remains high due to innovative features like the deflationary mechanism. The project will burn and buy back $CHOW tokens to reduce supply over time and ultimately support its price increase. This is why crypto enthusiasts are flocking to its presale to scoop up tokens before the price surges. Even more interesting is its play-to-earn gaming and stake-to-earn rewarding scheme.
In the Chow Gaming Kingdom, $CHOW is the primary token players can use when making in-game purchases. Typically, it follows a sustainable approach to keep the token in demand. Meanwhile, a percentage of the tokens earned from in-game sales goes to the reward pool to be distributed among game players. Currently, it is priced at a low entry of $0.008 per token. Early investors are preparing for its post-listing rally, which is tipped to outpace established tokens like Ripple, Sui, and Onyxcoin.
ChowWow ($CHOW): Tipped To Outperform Ripple (XRP), Sui (SUI) and Onyxcoin (XCN)
Onyxcoin price prediction appears bullish, but its technical showcases a consistent bearish outlook. Moreover, Sui prices have formed bullish technical patterns, and Ripple’s price is well-positioned to replicate its 2017 run. Meanwhile, ChowWow’s ($CHOW) massive upside potential, combined with its Web3 gaming infrastructure and staking rewards, are among its biggest attractions. While these established coins have room for growth, ChowWow offers more promise, thanks to its substantial growth prospects and strong fundamentals.
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