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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.

Why Buying Onyxcoin (XCN) Could Be a Better Choice Than Bitcoin (BTC) – Expert

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.

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