Onyxcoin Price Declines by 11%: What Caused the Drop?

Summary:

The Onyxcoin (XCN) token experienced a 10.98% drop during Wednesday’s Asian trading session, falling from $0.01421 to $0.01319. The decline was likely due to broader market weakness and technical factors.

Reasons for XCN Price Plunge:

Several factors, including low trading volume, market sentiment, and the project’s shift toward Layer-3 infrastructure, may have contributed to Onyxcoin’s recent price volatility. Traders are watching closely for updates as crucial DAO votes approach.