Cryptocurrency expert Lee the Captain made a comparison between Onyxcoin (XCN) and the earlier days of Bitcoin. “I think buying XCN now is equivalent to getting Bitcoin at about $11,500.” “This is not financial advice,” Lee says, carefully noting that this is not financial advice.
Lee the Captain sets an ambitious but calculated target price of $0.25 for XCN. At this level, XCN would have a market cap of around $8 billion based on circulating supply. To put this in perspective, this target represents 9x growth from current prices – a number that Lee says is very reasonable when compared to the historical peaks of other cryptocurrencies.
He points out that Dogecoin once reached $80 billion, Binance Coin touched $100 billion, and Ethereum rose to $550 billion at its peak.
How XCN token can thrive in a competitive market
UNIX protocolPowered by XCN, XCN operates in the same space as Ripple (XRP) and Stellar (XLM), targeting global trading and finance markets. According to data cited by Lee, the sector is expected to reach $5 trillion by 2028, with the payments market already worth $2 trillion. Despite facing competition from established players, Lee the Captain believes there is plenty of scope for many successful ventures in this space.
Drawing an interesting parallel with the auto industry, Lee shows that just as car manufacturers like Volvo can thrive without dominating market share, XCN doesn’t need to overtake Ripple or Stellar to be successful. “Being a decent player in these markets would make XCN very profitable.” Confirms.
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Lee Captain It goes against the common cryptocurrency investor mindset that rejects anything less than a 1000x return. He asserts that even a 2x or 9x profit significantly outperforms traditional banking returns. His investment strategy involves the continuous accumulation of XCN, regardless of market fluctuations. “From $1 to $100,000, Bitcoin has seen multiple pullbacks,” he reminds viewers, noting that similar fluctuations in XCN should be expected and should not deter long-term investors.
As Ripple’s SEC challenges diminish, he’s seen growing interest in alternative projects like XCN. Although he admits that the Onyx Protocol is not revolutionary, Lee the Captain sees its timing and market position as making it a compelling investment opportunity.
Read more: This is why the price of XRP will not stay stable for a very long time
Throughout the video, Lee maintains a balanced perspective, acknowledging that while XCN may not be the most innovative project in the industry, its focus on financial services aligns well with current market needs. He concludes by reiterating the $0.25 price target for the current upside, preparing viewers for potential profit-taking pullbacks along the way.
For Lee the Captain, the parallel between XCN and Bitcoin at $11,500 is not just about the potential price – it is also about recognizing the opportunity in its early stages and having the patience to see it through. While maintaining his optimistic outlook, he encourages viewers to stay informed and do their own research as the project develops.
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