Onyxcoin Might Surpass Bitcoin in Profitability, Says Expert

user avatar

by Giorgi Kostiuk

2 years ago

In a YouTube analysis, analyst Lee the Captain suggested that Onyxcoin (XCN) has more growth potential than Bitcoin (BTC) due to its fundamental features and market outlook.

XCN's Upside Potential vs. Bitcoin's Limitations

Lee the Captain highlighted Onyxcoin's ability to achieve gains compared to Bitcoin. He noted that if XCN reaches $0.25, its market capitalization might surpass $8 billion. Bitcoin would need to achieve a $40 trillion market valuation to see a comparable 20x growth, which is unlikely soon.

Onyxcoin's Fundamentals and Market Use Case

Beyond price speculation, the analyst pointed to Onyxcoin’s fundamental strength. XCN serves as the native token of the Onyx Protocol, a decentralized blockchain infrastructure designed to enhance financial services. He compared the function of XCN to that of XDC, XRP, and XLM, which focus on international trade and financial activities.

When you take a look at XCN, otherwise known as Onyxcoin, it's designed to improve financial services.

Bitcoin's Limited Use Case

Although Bitcoin remains dominant in the crypto space, Lee the Captain noted its lack of dynamic applications. He emphasized that market demand for diverse features makes other projects like Onyxcoin more attractive in the short term.

Bitcoin is amazing… but it can’t reach those great heights, especially during this bull run.

Lee the Captain expressed confidence that XCN could reach $0.25 in the current bull market, outperforming Bitcoin in percentage gains. He underscored that Onyxcoin's price dynamics, strong fundamentals, and real-world use case make it a superior short-term investment choice.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Zcash's Impressive Market Performance and ETF Launch

chest

Zcash has experienced a remarkable price increase, gaining over 2,300% in the past year, aided by the launch of Grayscale's Zcash ETF.

user avatarLucas Weissmann

Zcash Surpasses $1,000 Mark, Achieving New All-Time High

chest

Zcash's price broke above $1,000 for the first time in nearly a decade, marking a significant milestone in its market performance.

user avatarRajesh Kumar

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.