Crypto analyst Lee the Captain has revised his Onyxcoin (XCN) price target from $0.25 to $1.00, citing stronger-than-expected growth and favorable market conditions. Initially, he projected XCN’s market cap to reach $8 billion at $0.25, but now believes it could hit $30 billion, placing it in the same league as past market leaders.
The analyst credits this change to XCN’s swift acceptance, lowered regulatory issues, and its robust standing in the worldwide finance and payments industry. He likens XCN’s market opportunities to cryptocurrencies that attained multi-billion-dollar valuations during previous bull markets.
Lee the Captain initially thought $0.25 was an ambitious yet reasonable target, but he now believes that figure underestimated XCN’s potential. Drawing parallels with crypto market history, the analyst highlighted the precedent set by BNB, Dogecoin, and Shiba Inu, whose astronomical market capitalizations demonstrate the potential for rapid growth.
He sees Onyxcoin’s $30 billion target as entirely plausible, pointing to the blockchain ecosystem’s proven capacity for surprising valuations that defy traditional financial logic.
Related: Onyxcoin Charts a Bullish Path: How High Can XCN Price Climb?
What you'll learn 👉
Onyxcoin’s Faster Growth Than Expected
The analyst’s initial timeline for XCN’s growth has been dramatically compressed as the token’s adoption outpaces earlier predictions. The Ripple vs. SEC lawsuit resolution has been a pivotal catalyst, lessening regulatory ambiguity in the financial services sector.
He also highlights that XRP and XLM paved the way for similar projects like XCN. With less pressure from regulators, Onyxcoin and competitors such as XDC are growing faster than previously thought.
“I didn’t expect it to happen this soon… it’s happening already in January!” he remarked, emphasizing the unexpected speed of XCN’s growth.
XCN is the native token of the Onyx Protocol, a decentralized financial infrastructure designed to improve financial services. It operates in a highly specialized sector, competing with XRP, XLM, and XDC, all of which target the global trade ($5 trillion projected by 2028) and payments industry ($2 trillion today).
Lee the Captain notes that regulatory uncertainty previously kept many projects out of this space, but now that the Ripple-SEC case is nearing an end, the competitive landscape remains limited. If the lawsuit had never happened, he argues, there might have been 20-30 competing projects instead of just four.
Read also: Here’s How the Bitcoin Price Performed Historically in February
XCN’s Future Growth and Market Psychology
The analyst explains that market growth often follows an exponential trajectory, making higher price targets seem more attainable as milestones are reached. He compares XCN’s potential rise to Cardano (ADA), which started at $0.03 before surpassing $3.00.
“Beyond a certain point, growth feels exponential,” he explained, suggesting that once XCN price reaches $0.25, the climb to $1.00 will seem much more achievable.
Lee the Captain follows a Dollar-Cost Averaging (DCA) strategy, accumulating XCN regardless of short-term fluctuations. He prioritizes long-term potential over market timing, stating that whether XCN pumps or dumps, he continues acquiring.
With XCN gaining momentum, institutions increasing adoption, and only four major players dominating the competition, the analyst confidently sets a $1.00 price target for this bull run.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
