The state of security across the crypto and blockchain space has changed significantly in the past few months. Traditional smart contracts exploited or brute force attacks on blockchain networks are being superseded by crypto scams like rug pulls and pump-and-dump schemes.
BeInCrypto spoke with a spokesperson from security firm CertiK to understand how blockchain and security threats are evolving and how projects and users can safeguard against future exploits.
Social Media Hacks on the Rise
Over the past few months, the crypto community has seen a rise in social media-related hacks. This increasingly common tendency has pivoted away from the orchestration of more sophisticated blockchain attacks that have traditionally plagued headlines.
Whereas smart contract exploits or blockchain hacks require more knowledge, hackers have found an easier avenue by targeting social media accounts instead.
X (formerly Twitter) has quickly become the social media platform of choice among Web3 hackers.
Social Media is Now a Prime Target for Web3 Hackers
After US President Donald Trump launched his meme coin only two days before assuming office, hackers began to take advantage of the hype to hack high-profile X accounts and convince followers to invest in scam meme coins.
Last month, anonymous hackers took over the X account of the former Malaysian Prime Minister Mahathir Mohamad to promote MALAYSIA, a fake meme coin promoted as the country’s official cryptocurrency.
The post was removed within an hour, but the damage was done. Analysis shows that these hackers were probably related to the infamous Russian Evil Corp and that they stole $1.7 million in this rug pull.
The MALAYSIA token scam happened only two weeks after hackers exploited former Brazilian President Jair Bolsonaro’s social media account. In that instance, scammers promoted the BRAZIL token, which rose over 10,000% in minutes, netting the scammers over $1.3 million.
These scams have also affected technological companies.
Attacks on Tech Companies
In December, AI research and development company Anthropic also saw its X account hacked. A fraudulent post claimed that a fake token called CLAUDE would incentivize AI and crypto projects and included a wallet address for investors.
Attackers managed to collect around $100,000 from speculative investors.
These situations also highlight a broader issue of weak account security on social media platforms. As a result, even prominent individuals are susceptible to security breaches that directly affect the crypto community.
TRUMP Meme Coin Launch Was a Catalyst For Crypto Scams
“Now is the time to talk about the fact that large-scale political coins cross a further line: they are not just sources of fun, whose harm is at most contained to mistakes made by voluntary participants, they are vehicles for unlimited political bribery, including from foreign nation states,” Buterin claimed.
Buterin highlighted the tokens’ role in enabling scams and political corruption in crypto and blamed a regulatory loophole former SEC Chair Gary Gensler created for allowing bad actors to exploit governance tokens.
However, these crypto scams extend beyond political themes.
Growth of Social Engineering Exploits
A week after Buterin cautioned against political meme coins, a Coinbase user lost $11.5 million after falling victim to a social engineering scam on Base.
Crypto sleuth ZackXBT uncovered the exploit, pointing out that this incident is part of a growing trend, with multiple Coinbase users suffering similar losses. He also estimates that crypto scams of this nature have drained at least $150 million from Coinbase customers.
“Coinbase has a serious fraud problem. I just uncovered many more recent thefts from Coinbase users. The $150 million stolen from Coinbase users in a year is just from thefts I independently confirmed. So it’s more than likely multiples of this number,” ZachXBT stated.
In social engineering scams, attackers use phishing emails, spoofed calls, and other deceptive tactics to trick victims into revealing private keys or login credentials. Once they gain access, they drain wallets, move funds, and take control of accounts.
For CertiK, these situations stipulate the need for stronger security measures.
Addressing these security challenges is crucial as new crypto projects increase exponentially.
Prioritizing Proactive Security in a Rapidly Growing Industry
The Web3 sector is experiencing consistent growth, marked by a surge in new crypto project launches. This innovative momentum is expected to continue, but it’s also fueling security concerns.
Notably, the increasing rate of scams and hacks in the first three months of 2025 makes it clear that security efforts are struggling to keep up with innovation.
A study by Precedence Research estimates the Web 3.0 market will expand from USD 4.62 billion in 2025 to approximately USD 99.75 billion by 2034, with a projected compound annual growth rate (CAGR) of 41.18% during that period.
Predicted market size of Web3 in the next ten years. Source: Precedence Research.
Yet, CertiK believes that project developers are pushing security considerations toward the end of the priority list.
As the Web3 ecosystem evolves, a proactive and adaptive security approach is critical. Prioritizing both blockchain integrity and social media vigilance will be essential for safeguarding the growing Web3 ecosystem.
The battle against these exploits requires a future where security is not an afterthought but a foundational pillar of every Web3 project and user interaction.
In 2025, the ecosystems that thrive aren’t the loudest — they’re the most strategic, the most focused, and the ones building lasting value. Ecosystem health today is increasingly measured by the depth of developer engagement, not the size of token airdrops or surface-level metrics. Marketing has evolved too: AI tools, grassroots community operations, and hybrid content strategies are replacing short-lived, high-gloss campaigns.
As crypto becomes a fixture in national policy and economic frameworks, credibility and trust within ecosystems have emerged as the new currencies of growth.
There’s no one-size-fits-all playbook anymore. To uncover what’s actually working today, we spoke with growth leaders from Sui, Avalanche, Syscoin, Manta Network, and others.
This report helps to shed some light on the ongoing trends in the crypto-related marketing and find out which of them are setting the pace for the next wave of sustainable growth.
TL;DR:
In 2025, the ecosystems thriving aren’t the loudest. They’re the most strategic, most focused and most aligned with long-term value.
Ecosystem health is increasingly tied to the depth of developer engagement, not the size of token airdrops or vanity metrics.
Marketing has evolved. AI tools, grassroots community ops, and hybrid content strategies are replacing high-gloss, short-cycle campaigns.
With crypto entering national policy agendas and economic frameworks, credibility and ecosystem trust are new growth currencies.
There’s no one-size-fits-all. We spoke with growth leaders from Sui, Avalanche, Syscoin, Manta Network and others to uncover what’s actually working.
Back in 2024, crypto felt like it was everywhere and nowhere all at once.
Timelines were flooded with debates, L1 vs. L2, monolithic vs. modular, liquidity this, fragmentation that. Almost everyone had a hot take and every project was scrambling for a flash of attention that barely lasted longer than a tweet.
You could launch a project, nail the narrative, get your retweets and podcast mentions and still wake up the next day with no real momentum.
It wasn’t sustainable and deep down, most teams knew it.
And yet, behind the scenes, something foundational shifted.
For the first time, crypto became a serious topic in policy rooms.
The U.S. government announced a strategic crypto reserve.
The SEC greenlit Bitcoin and Ether ETPs, signaling a long-awaited shift in regulatory posture.
Lawmakers started treating blockchain not as a niche asset class, but as infrastructure and a core component of national strategy.
Suddenly, crypto had a seat at the big table. That was the moment the growth playbook started to change.
Fast-forward to 2025, ecosystems that had been optimizing for virality started asking tougher questions:
What does long-term credibility look like?
How do we show up to policymakers and enterprises, not just degens and influencers?
Can we measure our health beyond just wallet counts and discord headcounts?
To find answers, we spoke with ecosystem leaders across 10 blockchain networks, from early-stage innovators to mature platforms. Despite technical and strategic diversity, they shared one common mindset: They’re building like they plan to be here in five, ten, twenty years.
This is post-hype crypto and the rules have changed.
Key highlights and critical findings
Marketing budgets are all over the place: Some teams are grinding with less than $100K a year while others are spending $10 million and up. There’s no one-size-fits-all approach, but the gap speaks volumes.
Hybrid teams are the new normal: The smartest teams are optimizing for speed, adaptability, and high-context execution. They’re ruthlessly prioritizing talent that moves the needle, not just fills roles.
Builders are the flywheel: Growth teams are channeling most of their energy into developer outreach such as grants, hackathons, ambassador programs, and local language support are common plays.
Audience alignment: In an oversaturated, narrative-heavy market, cutting through the noise to reach the right set of audience is still one of the biggest hurdles.
Tactics are getting sharper: AI-powered marketing, community-based onboarding, and incentive models like “watch-to-earn” are emerging as key differentiators in creating sticky, engaging experiences.
Research Methodology
To understand what’s driving ecosystem growth in 2025, we went straight to the source in conversations with ten executives across active, forward-thinking blockchain networks including Sui, Avalanche, Manta Network, Syscoin, eCash, and CrossFi Chain.
Our findings are structured across five critical themes:
→ Strategic Priorities
→ Growth Challenges
→ Team Structures
→ Marketing Tactics
→ Budget Allocation
These are the pressure points where ecosystems are being tested, where they’re iterating and where the shift from hype to health is most visible.
The answers weren’t surface-level.
They were honest, revealing, and at times, surprisingly candid.
Section 1: The Evolving Landscape of Crypto Ecosystems
1.1 From Noise to Nuance
Not long ago, crypto felt like a winner-takes-all race.
Ethereum and Bitcoin dominated headlines, while new chains clawed for attention with a flashy feature or a viral announcement.
But that playbook has changed.
Today, the landscape is more fragmented and more alive than ever.
Upstart chains can gain real traction in months. Niche ecosystems are finding staying power by serving focused communities with precision: real dev support, localized outreach, unique tooling, and use cases that resonate with people who actually build.
It’s no longer about being the biggest.
It’s about being the most relevant to the audience that matters.
Source: Market share distribution among top ecosystems.
The momentum has shifted from mass appeal to mission-driven growth.
The ecosystems making progress are the ones listening, serving and playing the long game.
1.2 Key growth metrics and benchmarks
Among surveyed ecosystems, developer adoption has become the north star metric.
While TVL remains a benchmark, leading teams are shifting toward engagement depth over vanity counts. Grants, hackathons, and local campaigns outperform short-term airdrops in both onboarding and retention.
1.3 Critical Challenges Facing Ecosystem Growth
Source: Top Barriers to Ecosystem Adoption Identified by Executives
Based on direct feedback, the top challenges for ecosystems today are:
Difficulty reaching the right audience
Oversaturation of the crypto landscape
Budget constraints and limited runway for experimentation
While blockchain infrastructure is improving,especially with L2 scalability and better dev tooling, the biggest challenges aren’t technical anymore.
They’re strategic.
Most teams aren’t struggling with what to build but with how to position, differentiate, and communicate.
“It’s no longer enough to be technically sound. Ecosystem success depends on whether you can communicate value to developers, users and partners in the clearest, most compelling way possible.” – — Matthew Schmenk, Ecosystem Growth Lead, Avalanche
Section 2: Marketing & Growth Strategies
“Marketing in crypto used to be noise. Now it’s systems thinking – who you reach, how you reach them, and why they stay.”- The Lunar Strategy Team
Ecosystem marketing in 2025 isn’t about dropping a flashy campaign, running a paid KOL loop, and hoping it sticks. Today, marketing is infrastructure.
It’s the connective tissue between ecosystem layers: builders, users, tokenholders, institutions driving onboarding, retention, and legitimacy.
Let’s break it down:
2.1 Choosing the Right Growth Model
Source: Percentage of Ecosystems Using External Agencies vs. In-House Teams
According to our survey:
60% use a hybrid model (in-house + agency)
40% operate with fully internal teams
2.2 Analysing the Pros and Cons
Hybrid models allow for speed and flexibility while maintaining institutional knowledge. Fully in-house teams prioritize cohesion but may lack bandwidth or breadth of expertise.
2.3 Marketing Budget Allocation Across Ecosystems
Annual budgets vary widely:
<$500K: Primarily in-house with lean teams
$500K–$1M: Hybrid setups with agency retained for campaigns
$5M+: Full-stack growth teams covering PR, events, KOLs, paid media, SEO and more
What’s changing in 2025 isn’t just how much teams spend, it’s how precisely they deploy capital:
Early-stage: lean, localized execution
Mid-tier: AI tooling, content ops, ambassador focus
Mature: brand systems, KOL pipelines, segmentation
“In 2024, we spent $2M and didn’t know what moved the needle. In 2025, we’re spending half that – with 3x the return – because we track the full funnel.” — Ecosystem CMO
Section 3: Driving Ecosystem Adoption
As ecosystems compete for market share, one truth is becoming increasingly clear: developers are the new power users.
Ecosystem health is now largely measured by the number and quality of developers actively building, contributing, and shipping.
3.1 Developer Acquisition & Retention
Across the board, developer evangelism and hackathons ranked as the most effective levers for attracting high-quality builders. In 2025, 9 out of 10 ecosystem leaders called them “critical” or “highly effective.”
But incentives alone aren’t enough.
The modern developer is motivated by clear value exchange and personal growth, not just payouts.
Here’s what’s working now:
Hackathons with real-world utility
On-chain recognition (e.g., badges, NFTs)
IRL builder meetups with funded follow-through
In short, developer outreach is all about frictionless onboarding, compelling challenges, and a clear value exchange.
Also, programs that combine monetary reward + mentorship + visibility are far outperforming “spray-and-pray” grants.
Case Highlights:
eCash: Turned its internal engineers into public-facing magnets for talent. Builders engage because they trust the humans behind the chain.
Syscoin: Hosts regionally targeted AMAs → feeds directly into localized hackathons → devs connect directly to mentors.
Sui: “Watch-to-Earn” onboarding that rewards learning with gas fee discounts, NFTs, and access to future funding rounds.
Takeaway: Attracting developers is about storytelling. The ecosystems seeing long-term success are those building not just incentives but infrastructure, identity and upward mobility.
3.2 Community Building & Engagement
While developer acquisition drives infrastructure growth, community engagement fuels longevity. Every successful ecosystem in 2025 has one thing in common: a loyal, activated community with a clear identity.
Source: The Most effective community growth tactics
While growth tactics vary, one truth stands out: the most resilient ecosystems pair online engagement with offline connection.
Top tactics driving community growth:
Strategic partnerships and cross-promotion
Ambassador programs built around values, not vanity
Hybrid content strategies that blend memes, education, and culture
In fact, ecosystems like Sui and Syscoin consistently outperform larger chains on key ecosystem health metrics not because they’re bigger, but because they’re tighter:
Higher TVL per wallet
Greater contributor-to-user ratio
More active builders per community member
Case Study: Syscoin’s grassroots events across APAC led to a 30% increase in wallet retention among new users, with ongoing community-led workshops in 5+ cities.
3.3 The Role of Kaito in Ecosystem Brand Building
In 2025, brand strategy has moved beyond logos and Twitter handles.
The Kaito framework, designed to optimize ecosystem mindshare is fast becoming a differentiator for projects seeking credibility and cohesion.
Source: Kaito mindshare metrics across top ecosystems
Adoption Snapshot:
Only 10% of surveyed ecosystems are currently using a structured Kaito strategy
However, 40% are actively exploring adoption in the next cycle
Projects like Berachain that adopted early Kaito brand structuring reports increased developer trust, faster community onboarding and stronger alignment between technical and community narratives.
Strategic Approaches to Kaito Optimization:
Clear “voice pillars” that reflect ecosystem values
Unified messaging across technical, enterprise, and community verticals
Scalable content kits and assets to empower contributors to amplify the brand
Today, ecosystems aren’t asking “How do we go viral?”
Instead, they’re asking “How do we show up with the right message, in the right format and to the right audience consistently?”
The new growth stack includes:
Influencer alignment by audience layer
PR as a funnel driver, not a vanity boost
Social media as ecosystem UX
AI and segmentation to fine-tune delivery
Let’s break down the mechanics behind the ecosystems getting it right.
4.1 Influencer Marketing Effectiveness
Influencer marketing remains effective, only if you get the tier right.
Source: ROI comparison across influencer tiers
Key Takeaway:
Nano Influencers (1K–10K): ~4.2x ROI
Micro Influencers (10K–50K): ~3.9x ROI
Macro/Mega Influencers: Significantly lower returns due to saturation and high CPM
Nano and Micro influencers (1K–50K followers) outperform all others in ROI due to stronger niche focus, higher engagement, and lower cost-per-activation.
Though, the Top-performing influencer strategies in 2025 blend:
Nano creators for authenticity (Twitter threads, walkthroughs)
Mid-tier educators for onboarding and explanation (YouTube, LinkedIn)
Selective mega partnerships for major announcements or enterprise plays
Best for:
Early-stage projects
Ecosystems entering new regions or subcultures
Campaigns focused on developer credibility over hype
The Lunar Amplification Method
Used by select top-tier ecosystems, the Lunar Amplification Method is a multi-tiered distribution system that combines:
AI-driven influencer matching
Creator content kits (assets, talking points, tone guides)
Performance-based tiers (creators earn more by driving on-chain action)
It’s a system where the creator voice becomes a scalable growth vector backed by data, incentives, and trust.
4.2 Public Relations & Media Coverage
Too many ecosystems view PR as a vanity move.
The most effective teams treat it as distribution infrastructure.
This dual-axis chart illustrates how media coverage intensity correlates with:
Average Developer Sign-ups
Total Value Locked (TVL) Growth
Investing in PR campaigns and consistent media exposure can significantly accelerate ecosystem adoption both in developer participation and capital inflow (TVL).
Key Takeaways:
Developer sign-ups scale from ~50 (Low coverage) to ~400 (Very High coverage).
TVL growth jumps from 5% under low coverage to an impressive 45% with very high media presence.
Higher media coverage directly correlates with a sharp rise in both developer sign-ups and TVL growth.
Example: Manta Network launched its dev-focused ZK SDK and timed the announcement with coordinated earned media + regional hackathons = 3.2x increase in sign-ups over 14 days.
4.3 Social Media Strategy
In 2025, ecosystems aren’t asking “should we be on [platform]?”
They’re asking how do we show up with the right content, for the right moment, on each platform?
This bar chart displays how frequently various social media platforms are mentioned as part of crypto ecosystem growth strategies.
Platform Highlights:
Twitter dominates as the most commonly used platform
Telegram and Discord follow closely, suggesting strong emphasis on community interaction and support hubs.
Lesser-used platforms like Reddit, YouTube and Facebook play a niche role in ecosystem marketing.
However, crypto ecosystems should create platform-specific content:
Twitter: Memes, threads, real-time updates
Telegram/Discord: Community health, AMAs, governance
Ecosystems are moving beyond flat airdrops and short-term incentives, and instead architecting behaviorally intelligent tokenomics that reward commitment, skill and genuine contribution.
The question is no longer “What do we give?” but “What are we reinforcing?”
5.1 Effective Incentive Structures
Incentives were once a shortcut for growth.
Now, they’re shaping everything from user retention to governance alignment to ecosystem stickiness.
Source: This bar chart compares the perceived effectiveness of two major types of incentive mechanisms used in crypto ecosystems.
These often tie directly to network growth metrics such as TVL, active wallets, and user retention.
Off-chain rewards can still be useful for short-term engagement, brand visibility, and community culture.
Projects that tie incentives to measurable contributions and future value (e.g., governance power, access tiers) retain users longer than those offering flat token grants.
Case Examples:
Syscoin offers tiered rewards for contributor milestones
Manta Network combines token drops with future airdrop eligibility tied to participation
5.2 Local Developer Hubs
Ecosystem growth is global by default and regional by design.
Local developer hubs are now a critical piece of post-hype strategy.
Source: Geographic distribution of developer hubs
This chart highlights the regional presence of developer hubs across the globe, indicating where ecosystems are establishing a physical or community-driven footprint to support builders.
Regional presence is shaping ecosystem strength:
Asia-Pacific leads in number of hubs, driven by fast-growing developer ecosystems
North America/Europe hold steady with mature infrastructure and funding access
Latin America, MENA, and Africa show rapid interest but remain early-stage
More consistent retention through community anchoring
Best Practices:
Launch hybrid events (online + local)
Create language-specific docs and support
Offer region-based grant programs tied to local needs
Conclusion
Crypto in 2025 is quieter, deeper, and more intentional.
The ecosystems winning today are building context, culture, and trust, rooted in purpose where meaningful value, thoughtful execution, and trusted communities are taking center stage.
Our deep-dive conversations with builders, marketers and ecosystem leaders across ten blockchain networks uncovered three core principles that are setting the pace for the next wave of sustainable growth:
Developer-First, Always: The thriving ecosystems treat developers with genuine support, visibility, and growth paths. They’ve recognized that every successful builder brings ten more, creating a powerful flywheel effect and it’s the foundation everything else builds upon.
Communities Over Crowds: The most dynamic ecosystems are building tight-knit, purpose-driven communities where members feel ownership and identity. They’re creating spaces where online connections lead to offline relationships and where shared values matter more than token price.
Strategic Over Tactical: Leading teams build comprehensive growth systems where every channel, message, and touchpoint works together. They’re tracking full-funnel metrics and optimizing for lasting engagement, not just initial attention.
We’re past the era of chasing “what’s working.”
The real question is: What’s worth building and who’s staying to build it with you?
So, focus on creating real value for the people who matter most to your ecosystem. Build with intention, authenticity and remember that in a market still finding its footing and the strongest position isn’t being the loudest voice but the most trusted one.
Because ecosystems aren’t websites.
They’re living systems.
About Lunar Strategy’s Ecosystem Launchpad Accelerator
Lunar Strategy’s Ecosystem Launchpad Accelerator combines deep expertise in go-to-market strategy, ecosystem growth, and strategic advisory to help innovative Layer 1 and Layer 2 projects capitalize on the historic crypto market shift.
With 25+ years of combined experience across top ecosystems like Solana, Cardano, Mantle, Polkadot, and ICP, our team brings proven frameworks for:
The meme coin market has witnessed its resurgence on Solana after moving away from Ethereum. By the looks of it, the meme coin mania is now moving to Base, given the array of recent launches and the forthcoming tokens. This will also bring forth the wave of “content coins” emerging at the moment.
BeInCrypto has analyzed certain meme coins that are ahead of the curve and are crucial for investors to watch going forward.
ZORA Token: Pioneering the Content-Coin Ecosystem
Zora’s long-anticipated $ZORA token will launch on Coinbase’s Base network this Wednesday, April 23, 2025. The launch is backed by Coinbase Ventures and Paradigm. Ten percent of the 10 billion-token supply will be allocated to an airdrop, 20 percent to community incentives, 5 percent to liquidity provision, and the rest to the treasury, team, and strategic contributors under multi-year vesting schedules.
Base has become a prominent hub for “content coins,” where each social post on Zora automatically generates a unique ERC-20 memecoin. This feature has led to significant engagement, with early April experiments generating record fee revenue as two content coins surged dramatically, with one spiking 350% in just 24 hours.
Zora’s integration with Base and Farcaster is quickly developing a network of connected applications, empowering creators to seamlessly monetize their posts and memes, thus transforming social media interactions into profitable digital assets.
Today’s Standout: Based Froc ($FROC)
Launch Date – March 2025
Total Circulating Supply – 100 Billion FROC
Maximum Supply – 100 Billion FROC
Fully Diluted Valuation (FDV) – $1.22 Million
Based Froc (FROC) led the pack in today’s gainers list, jumping nearly 71% during the intra-day high to claim the top spot in CoinGecko’s “frog-themed” category. FROC first gained attention in mid-February when a Coinbase engineer introduced it using Clanker, an AI-powered token-creation bot from Farcaster.
At the time of writing, the meme coin is trading at $0.00001251. It is attempting to flip and secure $0.00001209 as a support level. This could guide the meme coin up towards the $0.00001676 resistance and potentially breach it.
However, if FROC loses its momentum, the meme coin could fall back down towards the $0.00000775 support level. This would wipe out the recent gains and extend losses, invalidating the bullish outlook.
Small Cap Corner: Byte on Base ($BYTE)
Launch Date – March 2025
Maximum Supply – 1 Billion BYTE
Fully Diluted Valuation (FDV) – $747,590
Byte on Base has seen remarkable growth, rising 128% in a single day. Cliza Systems, an AI token deployer, recently moved the rest of its $BYTE tokens into a Grok AI wallet. This action increased Grok’s stake to almost 27% of the total supply, effectively locking those tokens and enhancing Byte’s deflation.
This is expected to reflect in the price action as well in the coming days. BYTE, trading at $0.0006539 is holding above the support of $0.0005737. Securing it as support could push the meme coin upwards towards the resistance of $0.0010523, extending investors’ profits.
On the other hand, if the momentum reverses, BYTE could fall through the support of $0.0005737. This could result in the altcoin falling to $0.0001533, wiping out the recent gains and invalidating the bullish thesis.
Onyxcoin (XCN) lost over 50% in February after a massive rally of nearly 2,000% between January 13 and January 26. Despite the ongoing decline, its recent indicators show mixed signals. RSI has stayed neutral for the past nine days, and ADX is pointing to a weakening downtrend.
XCN is currently trading between resistance at $0.017 and support at $0.0143, with EMA lines still reflecting a bearish trend. Whether the price moves higher or lower will depend on whether momentum returns or if selling pressure continues to push XCN toward lower support levels.
XCN RSI Has Been Neutral For 9 Days
Onyxcoin has an RSI of 43.2, down from its recent high of 68.9 on March 2.
Readings above 70 indicate overbought conditions, suggesting a potential pullback, while readings below 30 signal oversold conditions, which could precede a rebound.
With XCN’s RSI at 43.2, the asset remains in neutral territory, where it has been since February 25.
A move above 50 could indicate growing bullish momentum, while a drop toward 30 may signal increasing selling pressure.
Onyxcoin ADX Shows the Downtrend Is Losing Steam
XCN’s ADX is 16.8, down from 36.6 three days ago, indicating a steady decline in trend strength. This drop suggests weakening momentum, aligning with XCN’s recent downtrend over the past few days.
The Average Directional Index (ADX) measures the strength of a trend on a scale from 0 to 100.
Readings above 25 typically indicate a strong trend, while values below 20 suggest weak or nonexistent trend momentum. With XCN’s ADX at 16.8, the current downtrend lacks strong conviction, meaning further downside may be limited unless momentum picks up again.
After a historical surge in January, when XCN was one of the best-performing altcoins in the market, Onyxcoin’s price is now trading between resistance at $0.017 and support at $0.0143. Its EMA lines show a bearish trend as short-term EMAs remain below long-term ones.
If the ongoing downtrend continues, XCN could test the $0.0143 support level, and a break below that could push the price further down to $0.0134.
However, ADX indicates that the downtrend is weakening, which could open the door for a reversal.
If buying momentum returns, Onyxcoin could test resistance at $0.017, and a breakout above that level could send the price toward $0.022. A stronger recovery, similar to its momentum in January, could push XCN as high as $0.0264.
