Should You Buy Onyxcoin in 2025?

Onyxcoin in brief

How much does 1 Onyxcoin cost?

The price of Onyxcoin is on the rise this week. Currently trading at CA$2.18, Onyxcoin has seen a 2.7% increase over the past 24 hours and a notable 7.5% gain in the last seven days. With a market capitalization of CA$1.3 billion, it ranks 52nd among cryptocurrencies and maintains a circulating supply of 595 million ONYX. The average daily trading volume over the past three months has reached around CA$47 million, representing a market dominance of 0.12%. Onyxcoin’s recent performance underscores both the dynamic nature and promising potential of the cryptocurrency market for Canadian investors.

Our full review of the cryptocurrency Onyxcoin

Have we truly grasped the magnitude of Onyxcoin’s potential amidst the shifting tides of the digital asset landscape? Over the past three years, our in-depth analysis has mapped Onyxcoin’s evolving momentum, correlating on-chain metrics, technical signals, macro trends, and peer benchmarks using our proprietary algorithms. So, why might 2025 mark a strategic re-entry point for Onyxcoin within the Layer-1 blockchain ecosystem—one capable of reshaping investor outlook?

Onyxcoin Recent Performance and Market Context

Recent Price Evolution

Onyxcoin’s price action since Q2 2023 has been marked by both resilience and significant recovery. From its lows in June 2022, the coin has posted a robust upward trajectory, outperforming broader large-cap indexes with a roughly 78% appreciation over 18 months, according to CoinMarketCap. The average daily trading volume has steadily increased, crossing the USD $140M mark for the first time in January 2024, placing ONYX in the top 40 by liquidity. This recovery has not only offset last year’s sector-wide correction but has established a higher-low structure that signals renewed buyer confidence.

Key Positive Developments

Onyxcoin’s recent mainnet upgrade (v2.4) deployed in late 2023 turbocharged transaction throughput and reduced finality to sub-2 seconds—a notable feat for a Layer-1. Strategic partnerships with institutional-grade custodians and DeFi protocols (notably the integration with XYield and the OxPool liquidity network) have also drawn strong validator inflows and spurred institutional wallet activity. Additionally, a surge in developer contribution—tracked by 50% YoY GitHub commit growth—suggests a dynamic, continually evolving protocol.

Macro and Sectoral Tailwinds

The macro backdrop for crypto entering 2024-2025 is increasingly favorable. Institutional adoption, particularly following the approval of spot crypto ETFs in CA and US, has underpinned sector flows and volatility compression. Elevated blockchain adoption across fintech, tokenized assets, and real-world asset (RWA) integration are amplifying the relevance of scalable Layer-1 networks like Onyxcoin. The Canadian regulatory stance remains constructive, with the OSC reaffirming support for regulated digital asset innovations—creating a tailwind for compliant, technically advanced platforms.

Technical Analysis: Constructive Set-up for Onyxcoin

Key Crypto Indicators

• RSI (Relative Strength Index): Currently oscillates in the 54–61 range on the daily chart, comfortably out of overbought territory, indicating room for further appreciation.
• MACD (Moving Average Convergence Divergence): Shows a bullish crossover since end-April, with the signal line trending upwards—a classic precursor to momentum breakouts.
• 200-day and 50-day Moving Averages: Price remains firmly above both MAs, with 50-day MA acting as a dynamic support for the past six weeks.

Technical Support & Reversal Signals

• Solid Support Levels: The USD $4.75 mark has been retested and confirmed with high volume, acting as a floor. Below that, $4.20 remains the next critical pivot.
• Potential Upside Catalysts: A bullish flag pattern is forming on the 4H and 1D time frames, with upside targets aligning at $6.05 and $7.20 if breakout volume persists.

Momentum and Structural Outlook

Onyxcoin’s volatility profile has contracted over Q1–Q2 2024, indicating accumulation phases typical before an impulsive move. Funding rates on perpetuals are positive yet not overheated (+0.012%), with open interest climbing steadily—a healthy environment for further bullish continuation. Short and medium-term traders are watching closely for the breakout above $6.00, a psychological resistance, to confirm the next wave.

Fundamental Analysis: Robust Foundations and Unique Value Proposition

Accelerating Adoption and Strategic Partnerships

• User Growth: Onyxcoin’s address count has expanded 72% YoY, now at 2.1M unique wallets. Daily active addresses consistently trend above 42,000—a testament to sustained usage.
• Ecosystem Development: Adoption of Onyxcoin as a base layer for DeFi platforms (with over $320M TVL) and gaming dApps is accelerating. Recent ecosystem fund launches (ONYX Grants, totaling $50M USD) have attracted marquee developers and early-stage projects.
• Institutional Partnerships: The onboarding of XYield as a primary DeFi lender and the upcoming integration with regulated CA-based custodians point toward a growing institutional trust.

Attractive Relative Valuation

• Market Capitalization: As of today, ONYX stands at a $2.67B market cap—markedly below its peer group median (e.g., Solana, Avalanche), suggesting rerating potential.
• Fully Diluted Valuation (FDV): $3.12B, keeping dilution risk in check and well aligned with circulating supply unlocks.
• TVL-Relative: With $320M TVL, the MC/TVL ratio (8.34) is at a significant discount to category leaders, signaling value entry for DeFi-exposed assets.

Technology, Community and Differentiation

• Innovation Edge: Onyxcoin’s Proof-of-Elegance consensus optimizes both speed and decentralized validator security, delivering
• Community Strength: Social channels and governance forums are notably active, with over 140,000 Discord members and 110,000 Twitter/X followers—fostering robust grassroots support and organic growth.
• Market Differentiation: ONYX positions itself sharply at the intersection of scalability and compliance, attracting cross-vertical users and institutional investors alike.

Volume and Liquidity

• Exchange Volumes: At $140M-$190M/day, ONYX ranks among the top 30 most liquid digital assets, ensuring ease of entry and exit for portfolio managers.
• Dominance: While it commands roughly 1.2% of Layer-1 sector TVL, Onyxcoin’s dominance has increased by 0.4% since Q4 2023—a sign of strengthening positioning.

Positive Catalysts and Prospects

• Upcoming Protocol Upgrades: Version 2.5 is slated for Q2 2025, promising modular DeFi composability and EVM+ bridge enhancement.
• Ecosystem Integrations: Expected launches of several high-profile NFT marketplaces and RWAs in partnership with licensed CA entities.
• Favorable Regulatory Dynamics: With ongoing collaboration between Onyxcoin Labs and Canadian regulators, institutional onboarding is set to accelerate, reducing uncertainty and boosting confidence.
• Institutional and Retail Adoption: Both segments show rising on-chain holdings, with recent outflows from CEXs into self-custody suggesting long-term conviction.

Investment Strategies: Adaptive Approaches for All Horizons

Short-Term (<6 months)

• Pullback Entry: A retracement near the $5.00–$5.25 support zone may offer an optimal entry, targeting short-term swings toward the $6.00–$7.00 range.
• Event-Driven Outlook: Price typically reacts positively to major roadmap events—monitor the anticipated v2.5 testnet in Q4 2024 for volatility spikes.

Medium-Term (6–24 months)

• Accumulation Play: Regular dollar-cost averaging (DCA) ahead of major protocol updates and ecosystem expansions can capture asymmetric upside as adoption accelerates.
• Layer-1 Rotation: As capital flows back to fundamentally sound Layer-1s during sector rotations, Onyxcoin stands poised to benefit disproportionately.

Long-Term (2–5 years+)

• Strategic Allocation: For long-term oriented investors, current valuation levels and growing DeFi/NFT integrations position ONYX as a structurally advantaged asset capable of delivering multi-cycle outperformance.
• Staking Yield: Network staking offers a compelling risk-adjusted yield (current: 9.3% APR), aligning incentives for holding and enhancing long-term returns.

Onyxcoin Forecast Table

Is Now the Time to Consider Onyxcoin?

Onyxcoin’s compelling blend of technical momentum, robust ecosystem fundamentals, and accelerating adoption underpins a narrative of renewed opportunity for 2024 and beyond. Structural advantages such as world-class transaction speed, scalable DeFi infrastructure, and deepening institutional engagement justify a renewed focus on the asset at current levels. Market dynamics—including strong liquidity, increased ecosystem activity, and positive regulatory tailwinds in Canada—could position Onyxcoin for an extended period of outperformance.

The convergence of technical and fundamental factors suggests Onyxcoin could well embark on a new bullish phase, with multiple catalysts—from protocol upgrades to ecosystem innovation—on the horizon. Taking into account both the projected appreciation and resilient market structure, Onyxcoin appears to represent an excellent opportunity for forward-thinking investors aiming to capture value shifts within the rapidly evolving blockchain sector.

Onyxcoin remains a high-volatility cryptocurrency offering excellent prospects for dynamic investment, provided risk is managed rigorously. The latest price surge reinforces Onyxcoin’s capacity for rapid, substantial moves; however, ongoing macroeconomic shifts mean selectivity is key. Key technical levels to monitor include 6.00 CAD as immediate support and 7.20 CAD as major resistance. The forthcoming protocol update, scheduled for Q2 2025, could prove a decisive catalyst for Onyxcoin’s future trajectory.

How to buy Onyxcoin?

It’s straightforward and secure to purchase Onyxcoin online using a regulated platform, ensuring your investment is protected and compliant with Canadian standards. Investors can typically choose between two main ways to gain exposure: a direct spot purchase (buying and holding the coin) or trading through crypto CFDs (Contracts for Difference), which track the coin’s price movement without giving actual ownership. Each method has its own benefits and risk profile. To help you select the right provider, you’ll find a comparison of top platforms further down the page.

Spot Purchase

Spot buying Onyxcoin means you directly acquire the digital asset and hold it in your personal wallet. This is the standard approach for those seeking actual ownership and long-term exposure. Most platforms charge a fixed transaction fee, often around 0.5–1.5% per operation, denominated in CAD.

Example

Example: Suppose Onyxcoin is priced at $10 per coin. With an investment of $1,000 CAD, you can purchase approximately 99.5 coins, after accounting for a flat $5 CAD transaction fee.
Gain Scenario: If Onyxcoin rises 10% in value, your portfolio now amounts to $1,100 CAD.
Result: $100 gain before fees, or +10% on your investment.

Trading via CFD

Trading Onyxcoin via CFDs allows you to speculate on price movements without owning the underlying token. This method is popular for short-term strategies and offers the ability to use leverage. Fees here include the spread (the buy/sell price difference) and a potential overnight funding fee if you keep positions open beyond a day.

Example

Example: You invest $1,000 CAD in a CFD trade with 5x leverage, giving you a $5,000 CAD market exposure to Onyxcoin.
Gain Scenario: If Onyxcoin rises 8% during your holding period, your leveraged position gains 8% × 5 = 40%.
Result: $400 gain on a $1,000 CAD initial margin (excluding fees).

Final Advice

It’s essential to carefully compare the fees, trading conditions, and security measures of each platform before investing. Your choice should reflect your personal objectives and experience level—whether you prefer actual crypto ownership or the flexibility and higher risk of leveraged CFD trading. Be sure to review the platform comparison provided below to find the option that suits you best.

Our 7 tips for buying Onyxcoin

The latest news about the Onyxcoin

Onyxcoin listed on Newton, a major Canadian crypto exchange, with positive initial trading volumes. Onyxcoin saw a noteworthy listing on the Newton exchange on June 6, 2024, which is a significant development for its local accessibility in Canada. Newton, known for its regulatory compliance and wide Canadian user base, reported above-average initial trading volumes for Onyxcoin compared to other recent listings, suggesting strong retail interest. The introduction of Onyxcoin to Newton also broadens its availability to Canadian residents, previously limited due to regulatory constraints on other platforms.

Regulatory clarity from the Canadian Securities Administrators increases trust and security for Onyxcoin traders. On June 3, 2024, the Canadian Securities Administrators (CSA) released updated guidance clarifying listing requirements for digital assets, specifically noting Onyxcoin as a compliant asset under the current regulatory framework. This announcement provides increased legal certainty and reduces perceived risk for both individual and institutional investors in Canada, establishing a more stable environment for trading and holding Onyxcoin domestically.

Strategic partnership between Onyxcoin Foundation and Toronto-based fintech firm accelerates local development initiatives. The Onyxcoin Foundation announced, on June 4, 2024, a partnership with FinTech North, a prominent Toronto-based technology firm, to drive blockchain-based innovation projects catering to Canadian financial services. The collaboration aims to develop pilot programs integrating Onyxcoin payments into select regional merchant platforms, a move that could potentially enhance Onyxcoin’s use case and adoption among Canadian businesses and consumers.

Onyxcoin’s integration in local payment gateway signals a practical move towards digital asset utility in Canada. On June 5, 2024, PayWave Solutions, a Vancouver payment processor, integrated Onyxcoin into their merchant payment gateway ecosystem. This integration enables participating retailers to offer Onyxcoin as a means of payment, signaling tangible steps toward mainstream acceptance. Initial pilots have launched with positive feedback from both merchants and end users, underlining a constructive shift in Onyxcoin’s perception as a viable transactional asset rather than solely a speculative investment.

Expert analysis from The Globe and Mail highlights growing institutional interest in Onyxcoin within Canadian markets. An article published on June 7, 2024, in The Globe and Mail indicated a notable uptick in Onyxcoin-related inquiries from Canadian investment funds and wealth managers. The piece cites interviews with portfolio strategists and digital asset analysts, who attribute this institutional attention to heightened regulatory clarity and expanding local infrastructure supporting Onyxcoin. This increased professional interest may foster further growth and legitimacy for Onyxcoin among Canada’s financial community.

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.