At first glance, $XPL seems attractive in terms of price, as the token is literally trading at the price of the start of negotiations on the day of its listing. This may give the impression of a good entry point, but in the long term, the performance of the token will mainly depend on its real utility, the adoption of the protocol, and its tokenomics.

In terms of numbers, XPL presents a highly dilutive profile: only 18% of the supply is in circulation, while the FDV is significantly higher than the market cap. Upcoming unlockings, primarily benefiting investors and the team #plasma , may generate significant selling pressure if demand does not keep up. The absence of a strict max supply also adds a risk of future inflation.

Conversely, the thesis remains consistent if @Plasma manages to establish itself as a layer 1 specialized in payments in stablecoins. Real adoption (daily payments, neobank-type apps) could create lasting demand for XPL. In summary, the potential exists, but it is an execution bet that requires caution and discipline.

XPL

0.1404

+11.07%