The Argument for 1 USDT: XPL actually reached an All-Time High of $1.68 back in September 2025. This proves the market can value the coin above 1 USDT. If the network successfully rolls out its staking rewards (postponed to Q1 2026) and captures even 5-10% of the global USDT settlement volume, a return to $1.00 is fundamentally possible.
The Argument Against: The project faced a heavy 80% crash in late 2025 due to staking delays and rumors of market manipulation. Furthermore, with a total supply of 10 billion tokens, a $1.00 price would mean a $10 billion market cap. For comparison, that would put it in the same league as top-tier projects like Polygon (POL) or Chainlink (LINK).
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