Analyst Lee the Captain discussed his choice between Onyxcoin (XCN) and Solana (SOL), focusing on market capitalization and growth.
Comparison of XCN and SOL Market Capitalization
Lee views Onyxcoin (XCN) as a potentially more promising asset compared to Solana (SOL). He notes that if XCN reaches a price of $0.25, it would represent about a 17x increase from current levels, resulting in a market cap of around $8.5 billion. In contrast, Solana already has a market cap of around $80 billion, and reaching similar growth would require valuations above a trillion dollars.
Acknowledging Solana's Strengths and Lee's Choice
The analyst acknowledged the strength of the Solana platform, noting developments like the launch of an ETF in Canada. However, Lee believes that Solana has already experienced its major growth, while XCN remains undervalued and offers more opportunities for investors.
Onyxcoin's Potential and Lee's Strategy
Lee also mentioned the upcoming launch of Onyxcoin's main product—the Goliath Mainnet, which will focus on financial applications. According to him, XCN could ride the wave of adoption similar to XRP and Stellar. He adopts a strategy of gradual accumulation of XCN, waiting for the token to gain more recognition.
Lee the Captain concludes that while Solana remains a strong project, Onyxcoin holds greater growth potential given its market capitalization and upcoming developments.
