Despite ongoing market dip, cryptocurrency analyst Lee the Captain remains steadfast in his belief that Onyxcoin (XCN) could reach the price target of $1 during the current bull run. In a YouTube video shared with his more than 48,000 subscribers, Lee explained why he hasn’t wavered in his optimistic outlook for this promising altcoin.
“I have not given up when it comes to XCN,” Lee stated at the beginning of his analysis. His unwavering confidence stems from a long-term investment philosophy that doesn’t get rattled by short-term price movements. Rather than trying to time the market or panic during downturns, Lee the Captain advocates for a disciplined approach of dollar-cost averaging.
The strategy is straightforward: “When I believe in a project, I acquire, I hold, and I just wait, literally on a routine basis,” he explained. This method allows him to avoid the confusion and missed opportunities that often come with attempting to predict short-term price movements.
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A Long-Term Outlook
Lee the Captain’s time horizon extends well beyond immediate gains. Instead of focusing on what his portfolio might look like in weeks or months, he’s looking ahead to late 2025. His analysis draws on historical patterns. He notes that altcoins typically peak around 18 months after a Bitcoin halving event. This would put the potential high point around October of this year.
What makes Onyxcoin particularly interesting, according to Lee, is its position in the market. “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,” he observed. This comparison to established players like XRP and XLM suggests XCN could benefit from similar institutional adoption and use cases.
The fundamentals supporting Lee the Captain’s bullish forecast include a strong following, exchange listings, and solid technical foundations. “All it needs is a fully-fledged bull run,” he emphasized, suggesting that what we’ve seen so far might only be “a small taste of what’s to come.”
Read Also: Is $10 Still a Realistic Price Target for Kaspa (KAS) This Bull Run?
A 58x Gain From Current Levels
For perspective, a $1 price target represents approximately a 58x increase from current levels—an ambitious but not unprecedented gain during a cryptocurrency bull market. “It’s very hypothetically impressive,” Lee acknowledged, while maintaining that the potential is there.
As the market continues to evolve, Lee the Captain remains committed to his investment strategy for XCN. “The journey is far from over in my opinion,” he stated toward the end of his video. “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.”
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