|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Why Buying Onyxcoin (XCN) Could Be a Better Choice Than Bitcoin (BTC) – Expert
Jan 24, 2025 at 06:00 pm
Onyxcoin (XCN) may offer better investment potential than Bitcoin (BTC), according to analyst Lee the Captain. In a YouTube analysis, Lee compared XCN's upside potential and fundamentals against Bitcoin, emphasizing its ability to deliver higher returns.
Cryptocurrency analyst Lee the Captain believes that buying and holding Onyxcoin (XCN) could be a better investment decision than buying Bitcoin (BTC). In a recent YouTube analysis, Lee compared XCN’s upside potential and fundamentals to those of Bitcoin, arguing that XCN is poised to deliver higher returns.
While Bitcoin is the world’s leading cryptocurrency, the analyst argues that its massive market capitalization limits its future growth potential. In contrast, XCN’s price and market dynamics present a more attractive opportunity for investors, according to Lee. The analysis suggests that Onyxcoin’s utility and projected gains make it a compelling option in the current bull market.
XCN’s Upside Potential vs. Bitcoin’s Growth Limitations
Lee highlighted Onyxcoin’s ability to achieve gains compared to Bitcoin. Given historical patterns in the cryptocurrency industry, he pointed out that if XCN achieves $0.25, its market capitalization might cross $8 billion.
For Bitcoin to see a comparable 20x growth from its current market valuation, it would need to achieve a $40 trillion market cap—a scenario that seems unlikely to occur anytime soon.
However, other altcoins, like Dogecoin and Binance Coin (BNB), have previously reached such substantial valuations, making XCN’s projected market cap more feasible.
Onyxcoin’s Fundamentals and Market Use Case
Beyond price speculation, the analyst also pointed to Onyxcoin’s fundamental strength.
XCN is the native token of the Onyx Protocol, a decentralized blockchain infrastructure designed to enhance financial services. He compared the function of XCN to that of XDC, XRP, and XLM, which concentrate on international trade and financial activities.
“When you take a look at XCN, otherwise known as Onyxcoin, it’s designed to improve financial services,” the analyst explained. He argued that Bitcoin, while an important store of value, lacks the versatility of XCN and other financial-centric altcoins.
Read also: Could ONDO Hit $3 Soon? ONDO Price Prediction
Bitcoin’s Limited Use Case in Comparison
Despite Bitcoin’s dominance in the crypto market, Lee noted its lack of dynamic applications. He pointed out that Bitcoin’s supply cap of 21 million is often cited as a rarity factor, yet other tokens, like Quant (QNT), with a supply of 14.6 million, are even scarcer.
“Bitcoin is amazing… but it can’t reach those great heights, especially during this bull run,” he remarked, suggesting that investors should look beyond Bitcoin for better short-term opportunities. The analyst outlined a practical investment philosophy, focusing on assets with solid fundamentals and strong upside potential.
He discouraged high-risk micro-cap investments promising extreme gains, instead favoring projects like Onyxcoin that offer measurable growth potential without extreme volatility.
“My goal is to look for something that has a good hypothetical upside but isn’t a micro-cap or a dinosaur,” he shared, highlighting that Onyxcoin provides a balance between opportunity and stability.
Conclusion
Lee expressed confidence that XCN could reach $0.25 in the current bull market, outperforming Bitcoin in percentage gains.
He concluded that Onyxcoin’s price dynamics, strong fundamentals, and real-world use case make it a superior investment choice in the short term. “Seeing XCN reach the price of $0.25 during this bull run wouldn’t surprise me whatsoever,” he stated, reinforcing his bullish stance on Onyxcoin’s future performance.
Follow us on X (Twitter), CoinMarketCap, and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Aureal One (DLUME): A Strong Contender in the Next Crypto Bull Run
- Jan 25, 2025 at 08:30 am
- As the crypto market prepares for its much-awaited bull run, several investors are fixating on a few of the best crypto to buy now-Aureal One (DLUME), DexBoss (DEBO), yPredict (YPRED), Shiba Inu (SHIB), and Floki (FLOKI).
-
- 5 Best Cryptos to Buy Now: From Arctic Pablo to Notcoin
- Jan 25, 2025 at 08:30 am
- The cryptocurrency market is buzzing with opportunities, and if you've been waiting to jump in, the time to act is now. With innovation, narratives, and ROI potential reaching new heights, these five cryptos—Arctic Pablo, Goatseus Maximus, Mog Coin, Cat in a Dog's World, and Notcoin—stand out as the best cryptos to buy now.