Onyxcoin (XCN), the native token of the modular block chain of its homonym, experienced a great impulse in the last 48 hours, which increased the feeling of the bearish market with an increase of 150%.
The daily negotiation volume averaged around $ 25 million earlier this week until the Token began to cross resistance levels. That figure has now shot at $ 600 million, most of which took place in Coinbase.
The increase in volume and the apparent lack of visible catalyst led Binance to enumerate XCN futures in their exchange on Friday.
Unlike many other Binance listings, the list did not stimulate an additional increase in Token’s price, which could indicate that some investors chose to “sell the news”, creating a type of balance between new buyers and old vendors.
