Many crypto investors are always on the lookout for the next big opportunity. While some stick with established coins, others search for hidden gems with more growth potential. One crypto analyst thinks Onyxcoin (XCN) might be a better investment than Stellar (XLM) right now.
In a video, YouTube analyst Lee the Captain shared why he believes XCN could outperform XLM. Lee makes an interesting case based on market potential rather than current popularity.
What you'll learn 👉
XCN and XLM: Two Coins with Similar Goals
Both XCN and XLM focus on the same market – global trade and finance payments. According to Lee, Stellar has built an excellent reputation with its fast blockchain but its growth potential might be limited.
“XLM is amazing, it’s fantastic, Stellar blockchain is wonderful, it’s lightning fast,” Lee explains. However, he points out that XLM’s market cap is already close to $9 billion, making it harder to see massive returns from current levels.
XCN, as the native token of the Onyx protocol, targets the same market but starts from a much lower valuation. This difference gives it more room to grow, Lee believes.
XCN Price Has Better Potential for Growth
Lee breaks down his thinking with simple math. He suggests that XCN reaching $1 would put its market cap around $32.5 billion based on current circulating supply. This target would still keep it below many top cryptocurrencies, including XRP.
“Can XLM do a 90x from here? Highly unlikely,” Lee states. “But XCN has a higher likelihood of doing something like that.”
Related Article: We Asked AI to Predict Onyxcoin (XCN) Price in April
In a full bull market where Bitcoin might hit $250,000 and Ethereum reaches $10,000, a $1 price for XCN doesn’t seem unreasonable in Lee’s view. This potential for higher percentage returns is why he finds XCN more appealing for this market cycle.
Timing the Market for Better Understanding
Lee the Captain also discusses timing, suggesting the latter part of 2025 could be significant for altcoins like XCN. He notes that historically, altcoins typically peak around 18 months after a Bitcoin halving event.
“The last Bitcoin halving event happened in April of last year, so 18 months from then would actually mean around October this year,” he explains.
Related Article: How High Will Stellar (XLM) Go in 2025? 3 Price Possibilities You Should Know
While summer months might show slower growth, Lee remains patient with his XCN investment. “I believed in XCN before it pumped. I believed when it was pumping. I believed it when it was doing very good. And I still believe in it as of right now,” he says.
For investors willing to wait and take on more risk, Lee suggests XCN might offer better growth potential than its more established competitor. His price target remains $1 for this bull run.
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