With the rumor of a potential listing on Binance, one of the world’s leading cryptocurrency exchanges, XCN has captured the attention of investors.
This development comes at a time when Onyxcoin has already established a notable presence, being listed on Coinbase. It is also experiencing a surge in community interest, as evidenced by a growing follower count on social media platforms. The host on the YouTube channel “Money and I,” discusses the potential impact of a Binance listing on XCN price trajectory.
XCN Community Nomination and Binance Next Pool
The discussion began with a look at the XCN X account, which has seen an increase in followers in a short span. The project has continued to gain traction and is now in the top 101 on crypto by market capitalization.
A recent post on the Onyxcoin page on X revealed that the community has nominated XCN for the Binance Next Pool, a move that could pave the way for a listing on Binance. This nomination has already sparked interest, with the community eagerly awaiting further developments.
The community has made us aware that someone has nominated XCN for the @binance Next Pool. Stay tuned for further details and instructions on how to pick $XCN pic.twitter.com/CUWRm9MN3b
— Onyx (@OnyxDAO) January 26, 2025Potential Impact of a Binance Listing
The host noted the major impact a Binance listing could have on XCN price, suggesting that such an event would likely lead to a dramatic price increase due to the “Binance and Coinbase effect.” This phenomenon is well-known in the crypto space where listings on major exchanges like Binance or Coinbase often result in an immediate and substantial price pump on the listing day.
Given XCN’s existing listing on Coinbase, the anticipation for a Binance listing adds another layer of excitement.
READ ALSO: Onyxcoin (XCN) Price Expected to Reach New All-Time High Soon: Here’s Why
Despite a recent 30% pullback in the price, bringing the market cap down to around $850 million at the time of the video, the host noted that this correction could be healthy for the asset’s long-term growth.
The community’s nomination of XCN for the Binance Next Pool has increased awareness and interest in the project. Should the Binance listing materialize, the host suggests that XCN price could experience another explosive growth phase, particularly if the broader market sentiment improves, leading to a green day for cryptocurrencies.
