Onyxcoin Value Soars 36%, Will This Crypto Explode Subsequent?

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Onyxcoin Value Prediction Promising Different To Onyxcoin Associated Articles:

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The Onyxcoin value pumped 36% within the final 24 hours to commerce at $0.03842 as of 4:00 a.m. EST on buying and selling quantity that skyrocketed 74% to $794.61 million.

The XCN value has seen a pointy surge final week, with its value going from $0.01188 on Jan. 23 to $0.04796 on Jan. 26. After that, the venture noticed a correction which left it just below $30. After spending the primary half of this week attempting to breach this resistance, it lastly succeeded in doing so yesterday, skyrocketing to $38.

At its present value, XCN is up 223% in comparison with the place it was per week in the past, rising as one of many strongest performers this week, and the highest gainer on CoinMarketCap.

Onyxcoin Value Prediction

Onyxcoin’s value surge within the final 24 hours has been robust, significantly in the course of the surge that took the crypto from $0.02853 to $0.037. This occurred about 19 hours previous to the time of writing, and on the time, the venture’s Bollinger Bands noticed a significant widening.

After the XCN value encountered a resistance, the bands narrowed, and have remained slender for over six hours. Now, nevertheless, they’re widening once more, signaling that the present surge might proceed for some time longer, and both keep near the resistance at $0.040, or presumably breach it.

Onyxcoin Value Soars 36%, Will This Crypto Explode Subsequent?

The venture’s Relative Energy Index (RSI), then again, reveals that merchants have been fairly bullish on the venture. After initially fluctuating between the values of 40 and 60 early yesterday, the RSI worth moved up. For over 24 hours now, it has been going from the impartial worth of fifty to the overbought zone, even venturing past the worth of 70 twice.

The primary time it broke above 70 it reached the worth of 80, and the second time it stopped at 77.77. In each instances, nevertheless, it mirrored a powerful bullish sentiment. Proper now, the RSI is as soon as once more beginning to go up after dropping to the impartial zone at 54. Whereas the worth was rejected by the resistance at $0.040, merchants are beginning to pump it once more. The potential of breaching the resistance and rising much more due to this fact stays a chance.

Promising Different To Onyxcoin

Though the XCN value is rising, many consider that it’s too late to purchase into the crypto now, and are on the lookout for extra promising options, like Meme Index (MEMEX).

Meme Index is a brand new meme coin venture that has been in presale over the previous few weeks, throughout which it raised over $3.14 million. The venture calls itself the world’s first decentralized meme index, and its objective is to supply a number of meme coin baskets for customers to spend money on to simply diversify their meme coin investments.

There are 4 baskets on supply, often called Titan, Moonshot, MidCap, and Frenzy. All of them differ when it comes to threat and potential reward, with Titan being the least dangerous because of the truth that it focuses the biggest, well-established, top-ranking meme cash. In the meantime, Moonshot focuses on initiatives which are just under the highest 10 largest meme cash by market cap.

The MidCap index holds meme cash whose market cap is between $50m and $250m. As such, it’s the first basket provided by the venture the place you beginning taking over some extra threat, as these initiatives might both blow up or crash, usually with little to no warning.

Nevertheless, the Frenzy index is by far the riskiest. It focuses on new and experimental initiatives, and is just really helpful for buyers who’re as much as interact in an all-or-nothing state of affairs.

MEMEX Tweet

Nevertheless, to spend money on any of those baskets, you need to first purchase MEMEX. It’s promoting for under $0.0157183 proper now. Shopping for it whereas it’s nonetheless in ICO is probably going one of the best transfer since consultants consider its value will go up after launch. ClayBro, a crypto YouTuber with over 135k subscribers, speculated that MEMEX might be the subsequent 10x coin, assigning huge potential to the venture.