The crypto community is paying attention to XCN’s price after YouTuber Lee The Captain told his 48,000 subscribers he expects the token to hit $1 during this market cycle. Even with recent price drops, he stands by his prediction, pointing to market patterns and past data.
XCN’s price has been up and down lately, making some investors nervous. But Lee The Captain sees the recent decline as temporary – just part of how crypto markets typically move. He brought up past market shocks like FTX and Terra Luna, noting how quickly things can turn around. The recent Bybit security issue created some worry, but he doesn’t think it will hurt XCN’s prospects in the long run.
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Historical Trends and Market Timing
Lee the Captain’s analysis focuses on how altcoins usually peak about 18 months after Bitcoin’s halving. Since the last halving was in April 2024, he’s looking at October 2025 as a potential high point for altcoins. While he’s clear that nothing’s certain, this timeline shapes his thinking about when XCN’s price might take off.
Looking at past Bitcoin cycles shows that smaller coins often do well once the market picks up steam. XCN is the main token for the Onyx Protocol, putting it in the same space as established projects like XRP and Stellar (XLM). The analyst pointed out that while Onyxcoin lacks widespread adoption, it operates within the same financial services market as these well-known assets.
Lee The Captain compared XCN’s market potential to that of XRP and XLM, both of which have established themselves in the payment and global trade sectors. Lee points out that while Onyxcoin isn’t as well-known, this could work in its favor – smaller projects have more room to grow.
A $1 price would put XCN’s total market value at around $32.5 billion. Lee thinks this makes sense, especially when you look at XRP’s current value of over $100 billion. He notes that while big players like XRP and XLM probably won’t see massive gains in the next 6-10 months, XCN’s smaller size means it could see bigger price swings when the market heats up.
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Investor Sentiment and Market Recovery
Despite skepticism surrounding XCN, Lee The Captain remains optimistic about its future. The data from Crypto.com shows more than 600 million people now hold cryptocurrency, indicating the market is still growing. He explained that while Onyxcoin draws from Stellar and Ripple’s success, this approach is standard practice across crypto.
He pointed to tokens like Pepe, which grew by building on what Dogecoin and Shiba Inu had done before. In his view, XCN’s connections to established blockchain projects could help rather than hurt it. He reiterated his commitment to holding XCN and maintaining his $1 price target despite short-term fluctuations.
As the crypto market moves toward the next phase of the bull run, investors will be watching whether XCN’s price can reach the projected target or if broader market conditions will influence its movement differently.
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