#plasma $XPL @Plasma #Plasma A month ago, some said XPL is "the future of stablecoin payments."
Now, with an 11.61% daily drop, how many people have started to doubt life.
What’s more heartbreaking is that 89 million tokens are unlocked, equivalent to a sudden selling pressure of 267 million dollars in the market. It's like you just bought a house, and the developer tells you a garbage dump is going to be built next door.
But there is a counterintuitive phenomenon here: the more it drops, the more intense the community discussions become.
I looked at the data, with 6.6 billion dollars deposited on Aave and a content creator reward pool of 3.5 million XPL activities. This doesn’t look like a dying project; it looks more like a misunderstood value pit.
Where does the problem lie?
The technical aspect of XPL indeed looks very poor. EMA7 crossing below EMA25, MACD histogram negative amplification, with 1.25 million USD sold in one hour. These numbers seem to be telling you: run.
But what about the fundamentals?
Zero-fee USDT transfers sound mundane, but in reality, it is the key to large-scale adoption of Web3. Think about it, why don’t ordinary users use cryptocurrencies? Because each transfer incurs gas fees and they have to wait for confirmation time.
What XPL addresses is precisely this core pain point.
What’s more interesting is the valuation mismatch. Framework Ventures gave a valuation of 500 million USD, while the current market value is only 300 million. In a 2.1 billion USD stablecoin market, XPL has only captured a fraction.
It's like a coffee shop located in the core of the CBD being valued as a street stall just because its business was poor during renovations.
The real watershed is: are you seeing the panic in the technicals or the opportunity in the fundamentals?
Most people see an 11.61% drop and think about stopping losses. A few see 6.6 billion USD in ecological funds and think about bottom fishing.
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