Is It Too Late To Buy XCN? Onyxcoin Price Pumps 36% And This Might Be The Next Crypto To Explode

The
Onyxcoin
price
pumped
36%
in
the
last
24
hours
to
trade
at
$0.03842
as
of
4:00
a.m.
EST
on
trading
volume
that
skyrocketed
74%
to
$794.61
million.

The
XCN
price
has
seen
a
sharp
surge
last
week,
with
its
price
going
from
$0.01188
on
Jan.
23
to
$0.04796
on
Jan.
26.
After
that,
the
project
saw
a
correction
which
left
it
just
under
$30.
After
spending
the
first
half
of
this
week
trying
to
breach
this
resistance,
it
finally
succeeded
in
doing
so
yesterday,
skyrocketing
to
$38.

At
its
current
price,
XCN
is
up
223%
compared
to
where
it
was
a
week
ago,
emerging
as
one
of
the
strongest
performers
this
week,
and
the
top
gainer
on
CoinMarketCap.

Onyxcoin
Price
Prediction

Onyxcoin’s
price

surge
in
the
last
24
hours
has
been
strong,
particularly
during
the
surge
that
took
the
crypto
from
$0.02853
to
$0.037.
This
took
place
about
19
hours
prior
to
the
time
of
writing,
and
at
the
time,
the
project’s
Bollinger
Bands
saw
a
major
widening.

After
the
XCN
price
encountered
a
resistance,
the
bands
narrowed,
and
have
remained
narrow
for
over
six
hours.
Now,
however,
they
are
widening
again,
signaling
that
the
current
surge
could
continue
for
a
while
longer,
and
either
stay
close
to
the
resistance
at
$0.040,
or
possibly
breach
it.

The
project’s
Relative
Strength
Index
(RSI),
on
the
other
hand,
shows
that
traders
have
been
quite
bullish
on
the
project.
After
initially
fluctuating
between
the
values
of
40
and
60
early
yesterday,
the
RSI
value
moved
up.
For
over
24
hours
now,
it
has
been
going
from
the
neutral
value
of
50
to
the
overbought
zone,
even
venturing
beyond
the
value
of
70
twice.

The
first
time
it
broke
above
70
it
reached
the
value
of
80,
and
the
second
time
it
stopped
at
77.77.
In
both
cases,
however,
it
reflected
a
strong
bullish
sentiment.
Right
now,
the
RSI
is
once
again
starting
to
go
up
after
dropping
to
the
neutral
zone
at
54.
While
the
price
was
rejected
by
the
resistance
at
$0.040,
traders
are
starting
to
pump
it
again.
The
possibility
of
breaching
the
resistance
and
rising
even
more
therefore
remains
a
possibility.

Promising
Alternative
To
Onyxcoin

Even
though
the
XCN
price
is
rising,
many
believe
that
it
is
too
late
to
buy
into
the
crypto
now,
and
are
looking
for
more
promising
alternatives,
like

Meme
Index
(MEMEX).

Meme
Index
is
a
new
meme
coin
project
that
has
been
in
presale
over
the
past
few
weeks,
during
which
it
raised
over
$3.14
million.
The
project
calls
itself
the
world’s
first
decentralized
meme
index,
and
its
goal
is
to
offer
several
meme
coin
baskets
for
users
to
invest
in
to
easily
diversify
their
meme
coin
investments.

There
are
four
baskets
on
offer,
known
as
Titan,
Moonshot,
MidCap,
and
Frenzy.
They
all
differ
in
terms
of
risk
and
potential
reward,
with
Titan
being
the
least
risky
thanks
to
the
fact
that
it
focuses
the
largest,
well-established,
top-ranking
meme
coins.
Meanwhile,
Moonshot
focuses
on
projects
that
are
just
below
the
top
10
largest
meme
coins
by
market
cap.

The
MidCap
index
holds
meme
coins
whose
market
cap
is
between
$50m
and
$250m.
As
such,
it
is
the
first
basket
offered
by
the
project
where
you
starting
taking
on
some
more
risk,
as
these
projects
could
either
blow
up
or
crash,
often
with
little
to
no
warning.

However,
the
Frenzy
index
is
by
far
the
riskiest.
It
focuses
on
new
and
experimental
projects,
and
is
only
recommended
for
investors
who
are
up
to
engage
in
an
all-or-nothing
scenario.

However,
to
invest
in
any
of
these
baskets,
you
must
first
buy
MEMEX.
It’s
selling
for
only
$0.0157183
right
now.
Buying
it
while
it
is
still
in
ICO
is
likely
the
best
move
since
experts
believe
its
price
will
go
up
after
launch.
ClayBro,
a
crypto
YouTuber
with
over
135k
subscribers,
speculated
that
MEMEX
could
be
the
next
10x
coin,
assigning
massive
potential
to
the
project.

Buy
MEMEX
on
its
official
website
here
before
a
scheduled
ICO
price
increase
in
43
hours.

Related
Articles: