Stablecoin public chain XPL has dropped so much, can it be bought?

Comparing the concept of stablecoin public chains, XPL is currently the most effective in practice, ranking second in the AAVE protocol, and should be considered the leader in this track.

Comparing the TVL of public chains, Plasma's TVL has surpassed popular public chains like Arbitrum, Hyperliquid L1, Avalanche, SUI, and Polygon.

Currently, the circulating market value of $XPL is 568 million, with a total market value of 3 billion;

Let’s compare a few specialized public chains/new public chains:
$APT, the leader in Move programming, has a circulating market value of 2.356 billion and a total market value of 3.842 billion.
$ALEO, the leader in privacy public chains, has a circulating market value of 148 million and a total market value of 445 million.
$TIA, the leader in modular public chains, has a circulating market value of 455 million and a total market value of 1.04 billion.

Based on my experience, these new public chain tokens are generally highly valued when they go public; then they experience a long period of decline and adjustment.

Of course, as long as the narrative they represent is still being speculated, the coin price will have the momentum to rebound, even strongly.

However, for these specialized public chains, ultimately, it depends on the practical results, and most end up as “King projects”!

Therefore, these types of tokens can still be speculated in the short term, but do not have faith!