I look at Plasma (XPL) and catch myself thinking: this is either a quiet infrastructure gem, or another project from the series 'everything is almost ready, just wait' 😏
Fundamentally, everything looks nice. Plasma is building a separate L1 for stablecoins — zero fees, sub-second finality, EVM, full package. And yes, this is not just presentations: about $80 million per month is already going through ConfirmoPay. Not Twitter promises, but real payments — a rarity, let's agree.
But the market, as always, is unimpressed. The price for the day is -3.76%, EMA 7/25/99 are pointing down, MACD is also not rushing to enjoy life. However, RSI is around 20 — the market is already so overbought that only those who bought 'at the very highs for faith' can sell further 🙃
The main 'surprise' is the unlock on January 25. Almost 89 million XPL. And here, without illusions: when so many tokens hit the market, someone will definitely decide to 'secure long-term faith in the project' with the Sell button.
On-chain is also without fireworks for now: TPS is below what was promised, the ecosystem relies more on incentives. Nothing critical, but I don't see 'mass adoption' happening here yet.
The conclusion is simple: XPL is not trash, but it’s not free Xs either. In the short term — risk and volatility, in the long term — a chance, if the team really pushes the payment niche.
Insight from the analyst: I wouldn't rush to be a hero before the unlock. Overbought — yes, there is a foundation — yes, but the market loves to scare first and then reward 👀
👉 Follow $XPL or trade on Binance — average your positions wisely! @Plasma $XPL #plasma
