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TürkçeOnyxcoin Information
Onyxcoin is emerging as a noteworthy contender in the cryptocurrency landscape, focusing on enhancing transactional efficiency and privacy. Its unique features cater to users seeking a secure and streamlined digital currency experience. As the market develops, Onyxcoin's potential to disrupt traditional financial systems is gaining increasing attention from investors and tech enthusiasts alike.
Onyxcoin: A Comprehensive Overview
Onyxcoin (symbol: XCN) has emerged as a noteworthy player in the cryptocurrency market, sparking interest among both investors and tech enthusiasts. This digital asset aims to provide a secure and efficient payment solution, leveraging blockchain technology. In this article, we delve into the historical performance, potential advantages and disadvantages, and future outlook of Onyxcoin.
Historical Performance and Market Dynamics
Since its inception, Onyxcoin has experienced significant volatility, characteristic of many cryptocurrencies. Initially, it reached its all-time high (ATH) of $0.184139 on May 27, 2022, which showcased the coin's potential for rapid growth. However, like many digital assets, Onyxcoin has faced substantial fluctuations in value, with its price dropping approximately 94% from its ATH.
As of now, the current price of Onyxcoin is around $0.0113909, marking a recent recovery of 15.17% over the last 24 hours. This price movement reflects the broader market trends, as cryptocurrencies often rise and fall in correlation with macroeconomic factors, investor sentiment, and technological advancements.
Advantages of Onyxcoin
One of the key advantages of Onyxcoin is its commitment to decentralization and security, providing a safe transactional environment. The blockchain technology underlying Onyxcoin ensures that all transactions are transparent, immutable, and verifiable, fostering trust among users.
Additionally, with a circulating supply of approximately 31.8 billion coins and a relatively low market cap of around $361 million, there is room for growth. The scalability and potential for mass adoption make Onyxcoin an attractive investment for those looking to enter the crypto space.
Challenges and Disadvantages
Despite its potential, Onyxcoin is not without challenges. The drastic decline from its ATH signals potential concerns regarding market stability and investor confidence. Such volatility can deter mainstream adoption, as potential users may shy away from investing in a currency that can fluctuate dramatically in short periods.
Furthermore, the high total supply of 48.4 billion coins could lead to inflationary pressures if demand does not keep pace. This situation may also impact the long-term value of Onyxcoin, especially if similar projects enter the market and vie for investor attention.
Future Outlook for Onyxcoin
The future of Onyxcoin will largely depend on several factors, including technological advancements, regulatory developments, and overall market trends. With a whitepaper that outlines a clear vision for its ecosystem and ongoing initiatives to enhance its platform, Onyxcoin aims to establish itself as a leading cryptocurrency in the digital finance landscape.
Moreover, the gradual increase in its price since reaching an all-time low (ATL) of $0.0007055 on October 11, 2023, indicates a possible shift in sentiment and renewed interest among investors. Should Onyxcoin successfully implement its strategies and maintain a positive trajectory, it could regain its former highs and potentially attract a larger user base.
Conclusion
In summary, Onyxcoin presents both opportunities and challenges within the ever-evolving cryptocurrency market. While historical performance highlights significant volatility, the coin’s underlying technology and commitment to security make it a noteworthy contender. As always, potential investors should conduct thorough research and consider market dynamics before investing in any cryptocurrency, including Onyxcoin.
For more information, you can visit the official Onyxcoin website at www.onyx.org or read through their detailed whitepaper here.
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General Information |
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Title
Onyxcoin
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Symbol
xcn
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Whitepaper
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Website
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Community
-
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
0.01200948
$
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High 24h
0.01324382
$
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Low 24h
0.01094145
$
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Price Change 24h
-0.0010024492592997
$
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Price Change % 24h
-7.70408
%
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Market Data |
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Market Cap
382209672
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Total Volume
102640641
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Market Cap Change 24h
-38942557.768132
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Market Cap Change % 24h
-9.24667
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
31823544091.053
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Total Supply
48402437326.519
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Max Supply
48402437326.519
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Historical Data |
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All Time High (ATH)
0.184139
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ATH Change %
-93.42617
%
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ATH Date
2022-05-27 11:45
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All Time Low (ATL)
0.0007055
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ATL Change %
1615.80031
%
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ATL Date
2023-10-11 20:12
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