Is Onyxcoin (XCN) a smarter crypto investment than Solana (SOL)? We delve into market caps, growth potential, and upcoming developments to find out.
Onyxcoin (XCN) vs. Solana (SOL): A Promising Bet in the Crypto Game?
With Solana meme coin launchpad Pump.fun losing its market share, and Onyxcoin (XCN) potentially releasing a new gas-free wallet, the crypto world is buzzing with activity. Let's dive into why some analysts are eyeing Onyxcoin (XCN) as a potentially more promising bet than Solana (SOL) right now.
The Case for Onyxcoin: Market Cap and Growth Potential
Analyst Lee the Captain made waves by suggesting Onyxcoin (XCN) could be a smarter hold than Solana (SOL). His reasoning? Simple math. For XCN to reach $0.25, it would need an approximately 17x gain, resulting in an $8.5 billion market cap. Solana, already sitting at around $80 billion, would need a trillion-dollar valuation to achieve similar gains. Lee finds this unlikely in the near term, favoring XCN's more realistic growth potential.
Solana's Strengths Acknowledged
It's not about bashing Solana. It is a solid Layer 1 blockchain. Developments like the Solana ETF in Canada could positively impact its price. However, Solana has already experienced its major run, while XCN still feels early and underappreciated.
Goliath Mainnet: A Game Changer for Onyxcoin?
A major catalyst for Onyxcoin is the upcoming Goliath mainnet, a Layer 1 blockchain focused on financial use cases. While it may not immediately surpass Solana in speed or adoption, its smaller market cap makes it compelling. Think of it as a mini Ripple or Stellar, targeting similar markets with more upside potential.
Altcoin Season Timing
Historically, altcoins peak around 18 months after a Bitcoin halving. With the last halving in April 2024, the next altcoin season could arrive around October 2025. This is why staying patient, dollar-cost averaging into XCN, and waiting could pay off.
Addressing the Concerns
Some might argue XCN has already pumped, but it hasn't reached mainstream adoption. Concerns about an $8.5 billion market cap being too high are countered by XRP's significantly larger market cap, which continues to grow. An XCN price target of $0.25 doesn't seem so far-fetched.
The Verdict
While Solana is a valuable ecosystem, Onyxcoin (XCN)'s smaller market cap, untapped potential, and financial focus through the Goliath mainnet make it an intriguing underdog. As of July 2025, Onyxcoin will hold a vote to start Onyx Points for users who lock XCN on Ethereum and may release a new gas-free wallet, so keep an eye on this altcoin!
So, what's the takeaway? Keep a close watch on XCN. In the crazy world of crypto, you never know when the underdog might just surprise everyone. Who knows, maybe we'll all be sipping Mai Tais on our yachts, thanks to Onyxcoin!
