Could Onyxcoin (XCN) be the next surprise breakout in crypto? That’s what YouTuber Lee The Captain is sticking with. In a recent video shared with his 49,000 subscribers, he doubled down on his $1 price target for XCN in this bull run. He didn’t just throw the number out there; he backed it with comparisons to XRP and XLM, a look at upcoming developments like the Goliath testnet, and some strong historical context from previous market cycles.
Lee The Captain kicked things off by addressing the current quiet phase in the crypto market. He compared it to the early days of 2021, when things seemed slow, right before coins like Dogecoin exploded. To him, the market being “boring” is a signal that a rally could be on the way.
XCN, according to the video, shares a similar role in the crypto space as XRP and XLM. They all focus on trade, payments, and financial services. So if XRP and XLM move, XCN could follow. He even asked: “If people think XCN is done, are they saying XRP and XLM are too?” He doesn’t think so.
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Goliath Testnet Viewed as Potential Catalyst for Onyxcoin Price
One key point in the video is the Goliath testnet, which is expected to launch in Q3. This Layer 1 blockchain is being built by the team behind XCN, and it’s aimed at the finance sector. Lee thinks it could become a huge catalyst, especially if it launches while the market is heating up again.
He also reminded viewers that XCN managed to gain attention before this testnet was even announced. So the combination of timing and new tech could push it even further.
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Undervalued Status and Market Timing Strategy
Right now, XCN’s price is trading far below the $1 target. But that’s exactly why Lee sees opportunity. He believes the lower price just means there’s more upside. According to his math, if XCN hits $1, that would bring its market cap to around $32.5 billion—still under past peaks like Dogecoin’s $80 billion or Shiba Inu’s $40 billion.
He also pointed out that XCN doesn’t face much competition. Its closest rival is XDC. And while XRP and XLM have more hype, XCN quietly works in the same space, with fewer eyes on it—which could work in its favor.
Timing-wise, Lee’s watching the calendar closely. Historically, altcoins tend to peak about 18 months after a Bitcoin halving. The last one happened in April 2024, so he’s eyeing October 2025 as a potential top for many altcoins, including XCN.
Until then, he said he’ll keep dollar-cost averaging, holding, and waiting. He wrapped the video by repeating his $1 target, saying he’s not giving up on XCN price anytime soon.
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