If you've been following the Crypto Assets market lately, you probably won't miss the name Plasma (XPL). This project, often referred to as "Tether's favorite child," has maintained its popularity since its official launch.

Why is it called "Tether's favorite son"? Behind it stands the Tether company that issues USDT, and this relationship provides XPL with natural trust endorsement and resource support. Because of this, XPL has attracted attention since its inception, quickly integrating its ecosystem, frequently collaborating, and showing a stable upward market performance.

From the data, XPL has not only seen a steady rise in price, but also a continuous increase in trading volume, with a 24-hour trading volume exceeding 1 billion USD, indicating high capital interest and ample liquidity. Interestingly, on-chain data shows that whales are continuously increasing their holdings, and combined with technical indicators like EMA and MACD showing strength, it indicates that buying momentum remains strong.

Although the RSI has entered the overbought zone, there may be short-term pullback pressure. However, for a Layer-1 project with a strong background and a newly started ecosystem, each pullback may be a good entry opportunity. After all, the market demand for the underlying chains of stablecoins is exploding, and XPL is precisely targeting this track.

Overall, XPL does not rely on hype or gimmicks, but instead steadily grows its own rhythm based on its solid background and steadily advancing ecosystem. If you are looking for a target that has strength, popularity, and growth potential, XPL might be worth a closer look.