The XCN price again stole the show today from other altcoins as it’s up 30%, now trading around $0.038 and with a market cap of over $1 billion.
Rumors are circulating in Telegram groups and on X that Onyxcoin could be soon listed on Binance. However, there is no clear indication of when this listing might happen.
What you'll learn 👉
XCN Price Journey
Popular crypto analyst C-Zar Gets Crypto, whose YouTube channel boasts over 24k subscribers, has been closely monitoring XCN’s behavior. The coin consistently demonstrates strong end-of-day buying pressure, often starting at lower prices but pumping significantly towards market close. In one notable instance, XCN surged 37% in a single trading session, jumping from $0.031 to $0.041.
What’s particularly noteworthy is XCN’s remarkable 21x price growth over just two weeks, a movement that C-Zar believes signals institutional or exchange-level buying. He points out that Binance remains the only major exchange yet to list XCN, making it a prime candidate for a future listing.
The theory suggests that Binance might be quietly accumulating XCN before any official announcement. This kind of pre-listing accumulation typically involves the exchange gradually building up their token reserves, which can lead to increased volume and demand in the process.
Based on technical analysis and historical price trends, C-Zar speculates that Binance might wait for XCN to reach between $0.08 and $0.10 before announcing any listing. Key resistance levels, particularly around the $0.10 mark, could serve as potential trigger points for such an announcement.
Timing the Potential Listing
Given the current price movements and market dynamics, C-Zar suggests that a Binance listing announcement could come as soon as next week. However, he notes that even if the listing doesn’t materialize immediately, continued price increases could indicate that the listing is still on the horizon. He believes the official news would likely coincide with XCN reaching key resistance levels around $0.10.
However, it’s worth noting that these are speculative observations, and no official confirmation has come from Binance regarding any potential XCN listing plans.
Read also: How Much Will 10,000 Onyxcoin (XCN) Be Worth at the Peak of the Bull Run?
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