Onyxcoin (XCN) Price Prediction: Crypto YouTuber Predicts Massive 10x Surge

Could Onyxcoin (XCN) be the next surprise breakout in crypto?

Onyxcoin (XCN) price could be heating up as crypto YouTuber Lee The Captain remains optimistic on his $1 price target for the token. In a recent video shared with his 49,000 subscribers, he's keeping an eye on some key developments and comparing it to XRP price and XLM price.

As we mentioned in a previous article, Onyxcoin is a cryptocurrency that's been gaining attention for its unique role in the crypto ecosystem. It's a Layer 1 blockchain focusing on the DeFi sector, aiming to provide decentralized financial services. It's also known for its close ties to the Goliath blockchain, which is currently in the testnet phase.

The Captain begins the video highlighting the quiet phase in the crypto market, comparing it to early 2021 when things were slow before coins like Dogecoin exploded. He feels this "boredom" signals an upcoming rally.

He contrasts XCN's role in the market with XRP price and XLM price, all focusing on trade, payments, and financial services. If XRP and XLM move, so could XCN. "If people think XCN is done, are they saying XRP and XLM are too?" he asks, adding that he doesn't think so.

Goliath Testnet A Key Point In Onyxcoin Price Analysis

One key point in the video is the upcoming launch of the Goliath testnet in Q3. This Layer 1 blockchain is being built by the team behind XCN and is aimed at the finance sector. The Captain thinks it could become a huge catalyst, especially if it launches while the market is heating up again.

He also reminds viewers that XCN managed to gain attention even before this testnet was announced. So the combination of timing and new tech could push it even further.

"It's still undervalued, and we're getting closer to the top. We're running out of time for it to move substantially, especially with the new highs heating up the market. We're in uncharted territory here," The Captain notes.

According to his calculations, if XCN hits $1, it would have a market cap of about $32.5 billion, which is still lower than Dogecoin's peak of $80 billion or Shiba Inu's of $40 billion.

"It's also not really being competed with. The closest thing is XDC, which no one really talks about. And while XRP and Stellar have a lot more hype, they're also being followed by a lot more people. Onyxcoin quietly does the same thing in the background, with fewer eyes on it, which might work in its favor."

In terms of timing, The Captain is keeping an eye on the calendar. According to his observations, altcoins usually peak about 18 months after a Bitcoin halving. The last one occurred in April 2024, so he's anticipating October 2025 as the potential peak for many altcoins, including Onyxcoin.

"Until then, I'll be dollar-cost averaging, holding, and waiting. And if it doesn't work out, then it wasn't meant to be. But I'm not giving up on that $1 price target yet," concludes The Captain.