• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Why the Analyst Prefers Onyxcoin (XCN) Over Ripple (XRP)

user avatar

by Giorgi Kostiuk

a year ago

Cryptocurrency analyst Lee the Captain stated that he'd rather invest in Onyxcoin (XCN) than Ripple (XRP), emphasizing XCN's potential growth over its more established competitor.

Price Potentials of Onyxcoin and Ripple

Lee the Captain set an ambitious price target of $25 for XCN during the bull run, representing a 94x return and possibly reaching an $8 billion market cap. In contrast, XRP would need to reach $240 for similar growth, which is unlikely within the next six months.

That's seven times Canada's entire 2023 GDP.Lee the Captain

Accumulating XCN Tokens

The analyst suggests gradually accumulating XCN. Given favorable market conditions and increased institutional investments, Lee expects projects focusing on payments and global trade to thrive.

Comparative Growth of XCN and XRP

Lee highlights that XCN's smaller market cap provides more room for growth. He believes XCN might benefit from XRP's success as investors often diversify into related projects.

Lee sees XCN as a 'miniature version of XRP' with superior growth potential in the coming year. While he respects XRP, his focus remains on XCN for its short-term growth potential.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Federal Appeals Court Rules in Favor of Kalshi

chest

A federal appeals court in Philadelphia ruled that New Jersey cannot regulate Kalshi's prediction market under state gambling laws.

user avatarKaterina Papadopoulou

Shah Highlights Silver Narrative for Litecoin

chest

Crypto analyst Shah emphasizes the silver narrative for Litecoin, focusing on the LTC/BTC ratio and potential price movements.

user avatarMaya Lundqvist

South Korea Mandates Real-Time Asset-Matching Systems for Crypto Exchanges

chest

The Financial Services Commission of South Korea mandates all domestic crypto exchanges to implement a new asset-matching system by the end of May 2023, shifting from 24-hour cycles to a 5-minute regime to enhance compliance and reliability.

user avatarLeo van der Veen

Growing Interest in Altcoins as Market Sentiment Shifts

chest

Growing interest in altcoins as market sentiment shifts, with Grayscale suggesting several altcoins may have entered a buy zone.

user avatarLi Weicheng

Indonesia Blockchain Week 2026 Set to Return

chest

Indonesia Blockchain Week IDBW, Southeast Asia's leading institutional Web3 conference, will return for its sixth edition on August 12-13, 2026, at the Jakarta International Convention Center.

user avatarAisha Farooq

Morgan Stanley Predicts S&P 500 Has Reached Its Floor

chest

Michael Wilson from Morgan Stanley believes the S&P 500 has hit its lowest point and will not fall further, suggesting a barbell investment strategy.

user avatarBayarjavkhlan Ganbaatar

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.