Onyxcoin (XCN) Price Prediction: Analyst Says $1 Is Still Possible – Here’s Why!

The crypto community is paying attention to XCN's price after YouTuber Lee The Captain told his 48,000 subscribers he expects the token to hit $1

YouTuber Lee The Captain, known for his cryptocurrency analysis videos, still believes that XCN can reach $1 during this market cycle despite recent price drops. He bases his prediction on market patterns and past data, expecting altcoins to peak around 18 months after Bitcoin's halving.

The recent decline in XCN's price has made some investors uneasy. However, Lee The Captain views it as a temporary setback, considering it in the context of typical crypto market movements. He also addresses the recent security issue on Bybit, which is concerning but unlikely to significantly impact XCN's long-term prospects.

Lee the Captain's analysis centers around the observation that altcoins tend to peak approximately 18 months following Bitcoin's halving. Given that the last halving occurred in April 2024, he anticipates October 2025 as a potential peak period for altcoins. While he acknowledges the unpredictability involved, this timeline influences his projections regarding when XCN's price may experience a significant surge.

Examining past Bitcoin cycles reveals that smaller coins typically experience substantial gains once the market gathers momentum. As the primary token of the Onyx Protocol, XCN operates within the same domain as established projects like XRP and Stellar (XLM). The analyst highlights that Onyxcoin lacks the widespread adoption enjoyed by these assets but functions within the same financial services market.

Lee The Captain compares XCN's market potential to that of XRP and XLM, both of which have carved out niches in the payment and global trade sectors. While Onyxcoin may not yet be as well-known, this could ultimately prove advantageous, considering that smaller projects tend to have greater potential for outsized gains.

At a price of $1, XCN's total market capitalization would stand at approximately $32.5 billion. Lee The Captain finds this attainable, especially considering XRP's current valuation, which exceeds $100 billion. He observes that while major players like XRP and XLM are unlikely to experience significant gains over the next 6-10 months, XCN's smaller size may facilitate more substantial price swings as the market heats up.

Investors will be keeping a close watch on whether XCN's price can reach the projected target or if broader market conditions will influence its movement differently as the crypto market advances to the next phase of the bull run.

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