YouTube Analyst Lee the Captain Says $1 is Still Reasonable Target for OnyxCoin (XCN) Price – Here's Why

Popular analyst Lee the Captain, with over 47,000 subscribers, remains optimistic about OnyxCoin (XCN), asserting that despite recent price pullbacks, $1 is still a reasonable target for the token soon.

A popular YouTuber analyst, known as Lee the Captain and boasting over 47,000 subscribers on the platform, remains bullish on OnyxCoin (XCN), suggesting that $1 is still a reasonable target for the token despite recent price pullbacks.

The analyst acknowledges the current downward trend but expresses confidence in OnyxCoin’s potential for recovery and long-term growth. While no specific timeline is provided, the analyst points to historical patterns in other cryptocurrencies to support this forecast.

Highlighting recent concerns about the price drop, Lee addresses the matter by suggesting that such pullbacks are common in cryptocurrency markets. He emphasizes that, although XCN has experienced some losses, this is part of the natural market cycle after a surge in value.

Specifically, the analyst mentions previous instances where similar projects experienced sharp declines but later recovered. He notes that the crypto market is highly volatile, and rapid shifts in sentiment could lead to a strong comeback for XCN’s price.

Furthermore, the analyst suggests that the recovery for XCN’s price could be swift, drawing parallels to past experiences with other tokens. Trends show that cryptocurrencies, after seeing significant drops, often rebound unexpectedly, creating opportunities for early investors. This scenario is seen as likely for XCN, especially with the overall positive outlook for the broader market in 2025.

Despite the pullback, the YouTube analyst remains optimistic about OnyxCoin’s long-term potential. He notes that, much like other altcoins, XCN has demonstrated the capability to recover from downturns, a factor that strengthens confidence in its future.

Lee the Captain points to projects like FLOKI, which saw massive gains after periods of sharp declines, as a key example of how resilient the crypto market can be. Additionally, Lee the Chain highlights the benefits of dollar-cost averaging (DCA) when investing in volatile assets.

By consistently buying into XCN during its fluctuations, the analyst believes they can benefit when the price eventually rises. The idea of taking advantage of lower prices is viewed as a way to position oneself for long-term success.

Operating within the Onyx Protocol, a decentralized blockchain designed to enhance financial services, OnyxCoin is positioned in a rapidly growing sector. The Onyx Protocol is likened to established platforms like Ripple and Stellar, both of which have experienced significant price movements.

The analyst suggests that, despite its current struggles, OnyxCoin’s underlying technology and market positioning could drive future growth. Finally, Lee also discusses the potential for XCN to benefit from the same type of recovery seen in projects like XRP and XLM, which endured substantial setbacks but ultimately saw significant gains.

With the growing interest in decentralized financial services, OnyxCoin’s price could rise as the market continues to evolve, making the analyst’s $1 target seem plausible, even if the timeline remains uncertain.