Plasma ($XPL ) has jumped to $0.145, showing a strong reversal from its all-time low of $0.114 earlier this week. The protocol is successfully carving a niche as the "Stablecoin-optimized L1." By eliminating gas fees for USDT transfers, Plasma is directly challenging incumbents like Tron for a slice of the global stablecoin settlement market.
The technical outlook is improving as the MACD issues its first bullish crossover in weeks. The Plasma One neobank is also a major factor, offering Visa cards in 150+ countries with $XPL cashback. While a large token unlock looms for July 2026, the current ecosystem growth—including a $3.3B TVL—suggests the network has the demand to absorb future supply. #Plasma @Plasma