$XPL Long-wallet orders are all placed around 0.08 in the xpl layout. Even though they didn’t exit when class was at 1.2, and it later dropped to 0.09, they still didn’t move. There should be a story behind it. Right now, it looks like they’re pumping for a day and then dumping for a week.
Even though there were huge token unlocks in these past three months, the lows over the past year have stayed around 0.06 and haven’t broken further down.
The background of xpl is that it’s the platform token of the Plasma chain. It’s comparable to Tron’s TRX—an established stablecoin public chain developed in cooperation with Tether. Based on the monthly chart, it looks like accumulation is underway at the current area. If you have a long-term mindset, you can manage risk well and consider adding at the current price and around 0.08. Hold on to the breakout period.
Earlier, when it opened, the price at 1.1 was already down 90%. But this chain is actively operating. Public-chain revenues for the past half year were: 2.76k - 547 - 3.72k - 8.88k - 9.86k - 18.7k.
You can see that from July onward, public-chain revenue has increased by multiples. That might be why the big wallets started positioning.
Even though there were huge token unlocks in these past three months, the lows over the past year have stayed around 0.06 and haven’t broken further down.
The background of xpl is that it’s the platform token of the Plasma chain. It’s comparable to Tron’s TRX—an established stablecoin public chain developed in cooperation with Tether. Based on the monthly chart, it looks like accumulation is underway at the current area. If you have a long-term mindset, you can manage risk well and consider adding at the current price and around 0.08. Hold on to the breakout period.
Earlier, when it opened, the price at 1.1 was already down 90%. But this chain is actively operating. Public-chain revenues for the past half year were: 2.76k - 547 - 3.72k - 8.88k - 9.86k - 18.7k.
You can see that from July onward, public-chain revenue has increased by multiples. That might be why the big wallets started positioning.