Could Onyxcoin (XCN) Become the Next Stellar (XLM)? Expert Says Yes, Makes Bold XCN Price Prediction

Onyxcoin (XCN) is piquing interest among market observers, with analyst Lee the Captain highlighting its potential in a video analysis.

Onyxcoin (XCN) has come into the crosshairs of a market analyst, with Lee the Captain presenting an analysis comparing it to top payment-focused cryptocurrencies. In a recent video, the analyst highlighted the potential for XCN to follow a path similar to Stellar (XLM), ultimately reaching a price of $1.

While Onyxcoin is currently uncharted territory for most crypto traders, its role in the payment sector could drive future adoption. However, challenges such as low visibility and adoption may impact its trajectory.

Placing it among second-tier payment cryptos such as XDC and Stellar (XLM), with Ripple (XRP) dominating the top tier, Lee poses a question: "Why not Onyxcoin?"

Moreover, he questions why XCN cannot emerge as a recognized player in the sector, highlighting that alternative choices exist for investors. Comparing XCN’s role to XRP and XLM, he describes the decision as similar to choosing between Pizza Hut and Domino’s—different brands offering a similar product.

The analyst notes that many investors holding XRP and XLM are open to exploring alternatives. A significant portion of the crypto trader base prefers recognized projects, especially during periods of market downturn.

As a result, Onyxcoin could benefit from increased interest among crypto traders seeking exposure to different payment-focused assets. While XCN operates in the same space, it has yet to gain the prominence of its competitors.

Several factors could contribute to XCN’s future growth, according to the expert. Market positioning places Onyxcoin within the financial services sector, comparable to Ripple and Stellar.

Additionally, speculative interest remains a key driver, with investors frequently shifting between trending projects. The analyst argues that exchange listings, community strength, and branding often outweigh fundamentals in crypto markets.

Besides, he compares XCN’s potential to memecoins like PEPE, which gained traction due to speculative hype. While Onyxcoin lacks mainstream adoption, he suggests that many successful projects have followed a similar path.

Investors prioritize a project’s future possibilities rather than its current state, making XCN’s long-term outlook significant.

Presenting an optimistic outlook on XCN’s price trajectory, Lee cites historical crypto market trends.

He explains how price increases often accelerate once key milestones are reached. Using ADA as an example, he notes that gradual growth can lead to rapid price movements once momentum builds.

According to the analyst, XCN could follow a progression from $0.10 to $0.20, then $0.50, and eventually $1. At a $1 price point, XCN’s market cap would still remain below XRP’s $100 billion valuation.

He argues that such a price target is 'easily attainable' given the market’s size and demand. However, he acknowledges that speculative hype will play a crucial role in determining whether XCN achieves this milestone.

At press time, XCN is trading at $0.01567, up about 2% over the last day.

While Lee presents a bullish case for Onyxcoin, he also acknowledges some challenges. Notably, XCN faces low adoption compared to other cryptocurrencies. Additionally, the Onyx team does not frequently promote partnerships or ecosystem developments, which could further limit interest in the project.

However, Lee remains optimistic, highlighting that XCN could benefit from speculation and an active community, which are crucial aspects of cryptocurrency markets. He's also a fan of playing the long game with dollar-cost averaging—putting in a little bit at a time.

"If you're interested in Onyxcoin, you might want to start dollar-cost averaging and keep adding to your XCN stash regularly," he adds.

All in all, Lee is keeping an eye on 2025 for altcoins to really begin taking off, and that's part of why he's optimistic about Onyxcoin. It's not yet in the same league as heavyweights like XRP or XLM, but Lee thinks its place in the market, growing interest from investors, and a bit of speculation could lift it higher.

Only time will tell if Onyxcoin manages to reach the price levels that Lee predicts and if it can achieve sustained adoption among crypto traders.