Onyxcoin (XCN) Price Can Still Reach $1 This Bull Run—Here's Why

Despite ongoing market dip, cryptocurrency analyst Lee the Captain remains steadfast in his belief that Onyxcoin (XCN) could reach the price

Onyxcoin (XCN) price can still reach $1 during the current bull run, cryptocurrency analyst Lee the Captain claimed in a recent YouTube video. The time horizon for this price target is October 2025.

While navigating the market downturn, Lee expressed that he remains optimistic about Onyxcoin, despite the recent setbacks. The cryptocurrency analyst explained that he prefers a long-term investment approach, focusing on dollar-cost averaging and gradually accumulating his holdings.

"When I believe in a project, I acquire, I hold, and I just wait, literally on a routine basis."

This strategy stands in contrast to trying to time the market or panicking during market downswings. According to Lee, such tactics often lead to confusion and missed opportunities.

"I'm not going to lie, I'm a little surprised it didn't work out yet," he admitted, referring to his earlier predictions of a steeper price increase.

However, Lee remains confident in his analysis and pointed out that we're typically seeing the highest point of the altcoins around 18 months after the Bitcoin halving event. With the last halving in March 2022, this would put the potential high point around October of this year.

"And when I take a look at XCN aka Onyxcoin, which is the native token of the Onyx Protocol, it's pretty much exactly focused on the same markets as Ripple and Stellar."

This comparison to established players like XRP and XLM suggests XCN could benefit from similar institutional adoption and use cases, ultimately leading to a price increase from the current levels by 58x.

"It's very hypothetically impressive. But I think the potential is there."

As the market continues to evolve, Lee is keeping an eye on the fundamental development and exchange listings.

"The journey is far from over in my opinion. I think that this is a very special project, focused on the right market, amazing fundamentals. It's a no-brainer for me, and I refuse to give up on it."

Despite the volatility typical of cryptocurrency markets, Lee's closing statement reinforced his conviction.

"A dollar during this bull run? That's still my price target."