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

TON Foundation to Permanently Shut Down Legacy Bridge on September 1

chest

The TON Foundation has confirmed the permanent shutdown of its legacy bridge on September 1, requiring users to transition their wrapped TON and related assets back to native forms.

user avatarLeo van der Veen

PEPE and WLFI Show Volatility Amid Market Changes

chest

PEPE experiences a sharp recovery while WLFI sees steady activity following regulatory news.

user avatarLi Weicheng

Chainlink Expands Its Network with 12 New Integrations

chest

Chainlink has announced 12 new integrations across 10 blockchains, enhancing its crosschain data and infrastructure capabilities.

user avatarAisha Farooq

Flowra's Auction Framework Aims to Professionalize MEV Infrastructure

chest

Flowra's launch of the Open Orderflow Auction framework on August 21 aims to professionalize MEV and blockbuilding infrastructure on Solana, promoting a transparent and competitive transaction-ordering market.

user avatarTenzin Dorje

Honeypot Integration Gives Solana Validators More Control

chest

Honeypot integration allows Solana validators to customize block policies, enhancing control over transaction handling.

user avatarBayarjavkhlan Ganbaatar

Flowra Introduces Open Orderflow Auction for Solana Validators

chest

Flowra has launched its Open Orderflow Auction framework for Solana validators, introducing a third-party blockbuilding and MEV auction system designed around short, competitive ordering windows.

user avatarMohamed Farouk

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.