XCN's recent operation is quite impressive. It rose from $0.018 to $0.03, a 1200% rise in a month, and has recently broken through the $0.03 mark.

On-chain data is quite wild: market cap of 930 million USD, 24-hour trading volume of 135 million. From a technical perspective, the 4-hour chart shows a symmetrical triangle has formed, and analysts say it may break out. If it withstands the resistance level, the target points to $0.045-$0.05 (the three-year high set on January 26), and some even shout for $0.1816.

The key catalyst is that the XCN Ledger has launched — this is the Layer 3 chain of the Onyx Protocol, with interaction fees ridiculously low, and XCN as the Gas token. Coupled with a deflationary mechanism (regular burning), there is still room for imagination in the long term.

Of course, don't forget that the historical peak of XCN was $0.1841 (May 2022), and we are still quite a way off from that. It has also dropped 17% in the past week, with quite a bit of volatility.

Predicting this thing deserves a question mark, but from a technical and fundamental perspective, there is indeed a chance in the short term, with a considerable probability of reaching $0.1816 in 2025. Whether to get on board or not is for everyone to weigh for themselves.