Should You Buy Onyxcoin in 2025?

Why trust HelloSafe?

At HelloSafe, our expert has been monitoring the evolution of the cryptocurrency Onyxcoin for over three years. Every month, hundreds of thousands of users across South Africa trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, HelloSafe has never purchased Onyxcoin nor received any compensation from entities associated with its ecosystem.

Onyxcoin at a glance

How much does 1 Onyxcoin cost?

The price of Onyxcoin is up this week. Currently, Onyxcoin trades at R0.276 (ZAR), showing a 0.4% increase in the past 24 hours and a 9.1% gain over the last week. With a market capitalization of R9.37 billion and an average three-month daily trading volume of about R617 million, Onyxcoin ranks 130th by market cap, with 33.87 billion XCN in circulation. It represents nearly 0.06% of the total cryptocurrency market.

Important Information

Keep in mind: Onyxcoin’s price remains highly volatile, offering both risks and opportunities for active investors in South Africa.

Our Complete Review of the Onyxcoin Crypto

Have we reached a pivotal inflection point for Onyxcoin (XCN) as it redefines its trajectory within the DeFi landscape? After applying advanced multi-factor analysis—blending on-chain indicators, technical signals, market data and competitive benchmarking with our proprietary algorithms—this review dissects the three-year evolution of Onyxcoin. So, why might Onyxcoin re-emerge in 2025 as a strategic entry point for forward-looking investors in the decentralised finance sector?

Recent Performance and Market Context

Price Evolution: Explosive Momentum Meets Recovery

Onyxcoin (XCN) has captured market attention following a remarkable recovery in 2024, culminating in a price of $0.01467 as of 7 June 2025. Over the past year, XCN recorded an impressive +622% surge, notably amplified by a parabolic move in January 2025—an +800% rally stretching up to $0.0293, before healthy profit-taking recalibrated valuations. This multi-year price arc demonstrates both the speculative fervour often linked to DeFi protocols and a notable resilience amid periodic corrections.

Short-term sentiment remains cautiously bullish, with a 7-day gain of +9.1% and a 24-hour uptick of +0.4%, reflecting growing buy-side interest around technical support levels. During intense volatility phases, XCN maintained deep liquidity, as evidenced by a $32.7 million 24-hour volume—a clear sign of sustained market engagement.

Positive Catalysts: Partnership & Technology Uptick

• Introduction of Onyx AI: AI-powered improvements in risk modelling enhance the protocol’s competitive edge.
• Major Thirdweb Partnership: Strategic alliances amplify XCN’s ecosystem credibility and drive developer adoption.
• Staking Gas Rebate Programme: Incentivises long-term holding and active participation in DAO governance.
• Protocol Upgrade (OIP-56): Anticipated as a technical inflection, with optimisation and functionality improvements.

Macro & Sector Backdrop: DeFi Resurgence and Regulatory Tailwinds

Digital assets are benefiting from a liquidity upcycle, with broad capital inflows into DeFi. Institutional acceptance of on-chain finance is intensifying, especially as major protocols prioritize security, composability, and user friendliness. Onyxcoin’s focus on non-custodial lending, cross-chain compatibility, and low-barrier governance positions it to capitalise on this sectoral momentum, especially versus legacy DeFi incumbents.

Technical Analysis

Core Technical Indicators: Structure & Momentum

• Relative Strength Index (RSI): Neutral-to-bullish territory (57–62), indicating potential for further upside before overbought conditions.
• MACD: Positive divergence post-Q1 correction highlights strengthening bullish momentum, confirmed by rising histogram and bullish crossovers since mid-May 2025.
• Moving Averages: XCN is trading firmly above its 20-day and 50-day EMAs, signalling medium-term trend continuation; 200-day MA acts as dynamic support.
• Key Supports:
• Primary: $0.0145 (tested multiple times, strong buy reaction)
• Secondary: $0.0133 (historical floor post-corrections)
• Resistances:
• First hurdle: $0.01516 (short-term breakout zone)
• Uptick potential: $0.019 and $0.0215

Momentum indicators confirm that XCN retains a constructive price structure, with repeated rebounds on support and positive participation on rallies.

Short- to Medium-Term Outlook

An ascending triangle formation has shaped in recent weeks, bolstered by increasing volume on up-days. This suggests accumulation phases driven by informed buyers. With volatility compressing within higher ranges, a decisive break above $0.01516 could open a pathway toward the $0.019 technical objective in the current cycle.

Fundamental Analysis

Adoption & Ecosystem Dynamics

• Rapidly Expanding DeFi Use Case: As a core protocol, Onyx enables peer-to-peer lending across multiple token standards (ERC-20, ERC-721, ERC-1155), supporting both fungible and NFT-backed loans—a major differentiator.
• Staking Rewards: Competitive yields (circa 34.73% APR at time of writing) incentivise token retention and deepen protocol security by growing the locked value base.
• Decentralized, Gasless Governance: Voting rights through the DAO are gas-free, nurturing truly democratic protocol upgrades. This increases engagement and future-proofs governance.
• Cross-Chain Reach: Operational on Ethereum, BNB Smart Chain, and Base—Onyx is proactively positioned for the next cycle of multi-chain DeFi growth.

Attractive Valuation Metrics

• Market Cap: $496.8 million—moderate for a protocol of Onyx’s reach, leaving room for further expansion.
• Market Cap / FDV Ratio: At 0.7, this points to a relatively undervalued protocol (FDV remains $715 million) compared to DeFi majors trading at higher multiples.
• Tokenomics: With 33.87 billion XCN in circulation against a maximum supply of 48.4 billion, inflation dilution risk is contained, especially as staking locks more supply.

Community & Network Effects

Onyxcoin boasts a vibrant, active community, animated by a robust presence among DeFi participants, devs, and DAO voters. This provides network resilience and viral adoption potential—further magnified by “stickiness” from real on-chain use cases and rewards.

Liquidity & Market Depth

A well-sustained 24-hour trading volume ($32.7M) underlines market confidence and facilitates large trades—minimizing slippage risk and enhancing speculative as well as institutional appeal. Dominance-wise, Onyxcoin remains in the top quartile of DeFi market caps, with increasing share as multi-chain adoption accelerates.

Key Catalysts and Growth Triggers

• OIP-56 Protocol Upgrade: Expected to enhance scalability and unlock new features—serving as a launchpad for innovation-focused capital inflow.
• Expansion of Staking & Borrowing Markets: New token integrations and unique NFT-collateralised loans are under active development.
• Further Partnerships: Collaborations with leading infrastructure and wallet providers (e.g., Thirdweb) drive onboarding and product stickiness.
• Regulatory Trends: Frameworks in South Africa and broader Africa are evolving favourably for regulated DeFi, increasing institutional access and market depth.

Investment Strategies by Horizon

Short-Term Perspective (Swing & Momentum)

• Recent compression post-January rally has reset technical baselines, offering ideal “buy-the-dip” configurations on retracements toward $0.0145.
• Bullish technicals—RSI/MACD—suggest breakout potential as protocol upgrades unfold.
• Events-driven price surges (OIP-56, partnership announcements) may create windows for tactical positioning.

Medium-Term (Growth & Ecosystem Accretion)

• Ongoing expansion in lending pairs, new utility for XCN, and DeFi sector upcycle argue for ecosystem-led rerating.
• Forward multiples (MC/FDV, volume ratios) compare favourably to peer tokens at similar adoption stages, hinting at room for substantial appreciation.
• Proactive entry ahead of major protocol milestones can position investors to capture structural upside.

Long-Term (Core Holdings & Yield Compounding)

• High APR staking provides attractive compounding for patient holders.
• Onyxcoin’s drive toward gasless, inclusive governance and NFT-Fi innovation aligns with major DeFi megatrends.
• Relative undervaluation and rising institutional awareness in ZA and on global platforms amplify the case for considering XCN as a core long-term digital asset allocation.

Onyxcoin Price Projections Table

Is Now the Right Time to Consider Onyxcoin?

Key Strengths Recap

• Explosive recent price action (+622% YOY), robust liquidity, and clear technical structure reinforce Onyxcoin’s emergence from oversold cycle lows.
• Network fundamentals—dynamic governance, innovative protocol utility, multi-chain reach, and high staking yields—set a firm operational base.
• Multiple imminent catalysts (OIP-56, new partnerships, DeFi sector growth, regulatory tailwinds) align to support continued momentum.
• Attractive valuation ratios and deepening ecosystem integration affirm that Onyxcoin remains underappreciated relative to its growth curve.

Onyxcoin appears to represent an excellent opportunity for investors seeking exposure to the next wave of DeFi innovation. The convergence of technical breakouts, fundamental ecosystem drivers and a maturing regulatory landscape suggest XCN could well be entering a new, sustained uptrend. Given its compelling blend of liquidity, yield and protocol advancement, the justification for renewed interest in Onyxcoin is stronger than ever—making it a digital asset to watch closely for those attuned to transformative potential.

Important Risk Note

Onyxcoin is still a high-volatility cryptocurrency, best suited to dynamic investment strategies and careful risk management. Its latest price acceleration underlines XCN’s ability to generate powerful moves, while the evolving DeFi and macro context favours selective, conviction-driven allocations. For traders and investors able to seize timely market signals, Onyxcoin could be at the dawn of a powerful new market cycle.

How to buy Onyxcoin?

How to Buy Onyxcoin (XCN) Easily and Securely in South Africa

Buying Onyxcoin is simple, fast, and secure when using a regulated online platform. For South African investors, there are two main ways to get exposure to Onyxcoin: direct spot purchase (where you own the actual tokens) or trading its price through crypto CFDs (contracts for difference). Each approach fits different goals and risk profiles. Below, we break down how both methods work—then you’ll find a detailed comparison of leading platforms further down the page.

Spot Purchase

When you buy Onyxcoin “on the spot,” you acquire real XCN tokens and store them in a personal wallet—either directly on the platform or by transferring to your own (such as MetaMask). This method means you truly own the cryptocurrency and can use it, stake it, or sell it at a later date. Fees typically involve a fixed commission per transaction, usually ranging between 0.5% and 1.5%. On South African platforms, you’ll also see these charges in ZAR.

Example

Suppose the XCN price is $0.0147 (R0.27) per token. Investing R19,000 (about €1,000, exchange rates fluctuate) allows you to buy around 70,370 XCN, assuming a R100 commission fee.
- Profit scenario: If Onyxcoin rises by 10%, the value of your tokens increases to about R20,900.
- Result: That’s a gross gain of R1,900, or +10% on your investment (fees excluded for simplicity).

Trading via CFD

Trading Onyxcoin as a CFD means you don’t own the underlying XCN—the contract only tracks its price, letting you speculate on up or down moves. CFDs are popular for short-term strategies and allow you to use leverage. The main costs are the spread (difference between the buy/sell price) and an overnight financing fee if you keep the position open beyond one day.

Example

With R19,000 and 5× leverage, you access R95,000 exposure to Onyxcoin’s price.
- Profit scenario: If XCN increases by 8%, your position gains 8% × 5 = 40%.
- Result: That’s a R7,600 profit (40% of R19,000), before any fees are deducted.

Final Advice

Always compare the fees, features, and security offered by different platforms before making your decision. Spot buying is best for those who want to own and hold Onyxcoin, while CFDs suit traders seeking flexibility and higher risk/reward. The right method depends on your investment goals and experience level. For a side-by-side review of regulated platforms available in ZA, see our comparator further down this page.

Our 7 tips for buying Onyxcoin

The latest news about the Onyxcoin

Onyxcoin (XCN) has shown robust price momentum over the past week, with a 9.1% increase and strong trading volumes.

Over the last seven days, XCN’s price appreciated significantly, closing at $0.01467 with a 24-hour trading volume of $32.7 million and a market capitalization near $496.8 million. This indicates growing investor confidence and healthy market liquidity, placing Onyxcoin among the more dynamic DeFi tokens for early June 2025.

Onyxcoin’s staking program remains highly attractive, offering an annual percentage rate (APR) of approximately 34.73%.

The protocol’s non-custodial, decentralized finance (DeFi) model, alongside these high staking rewards, continues to appeal to both retail and institutional crypto holders, providing a compelling yield opportunity in a low-interest-rate global environment. This strong incentive structure could benefit yield-seeking investors in ZA, where inflation hedging and alternative investments are of increasing interest.

Onyxcoin has expanded its ecosystem with technical and strategic developments, including partnerships and AI integration.

A recent partnership with Thirdweb and the introduction of Onyx AI are poised to strengthen the platform’s functionality and user experience. With these innovations, XCN can consolidate its position in the evolving DeFi landscape—potentially sparking further developer interest and integration with African-focused projects, should localization efforts follow suit.

The Onyx DAO governance structure was recently enhanced by the introduction of gas-free voting and a staking gas refund program.

These developments improve accessibility for ZA-based participants, mitigating the cost barriers commonly associated with Ethereum network fees. Such moves toward greater inclusivity and decentralized control are aligned with broader African priorities on fair financial participation and may encourage further local community engagement with the Onyxcoin protocol.

Institutional and regional DeFi adoption, a main trend in ZA, informs a positive outlook for Onyxcoin’s continued integration.

The rapid growth of DeFi and the increasing openness of South African regulatory authorities to digital assets suggest that protocols like Onyx could see greater traction. Onyx’s expanding multi-chain presence (Ethereum, BNB Smart Chain, and Base) improves local accessibility via major exchanges available in ZA. This, together with the recent governance and technical upgrades, provides a positive structural context for further adoption within the region.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.