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Analyst: Plasma price rises by 30%, XPL token trading volume surges

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CryptoWorld News reports that the native token of Plasma, XPL, rose 30% on June 12, with a trading price approaching $0.0826, a 24-hour trading volume of approximately $158.27 million, and a market capitalization nearing $207.55 million. Despite the short-term increase, XPL has decreased by 14.74% over the past 30 days. The recent surge is related to the upcoming launch of Plasma One Card's tiered membership system, which is expected to require users to hold or lock XPL for higher card levels. Plasma One is a stablecoin payment app that allows users to spend stablecoins with a Visa card in over 150 countries. Cashback rewards from the app will be paid in XPL, and users' membership levels will influence cashback and yield rates. According to data from CryptoWorld News, trading activity for XPL increased significantly during this rise, with trading volume jumping 232.44%.
XPL36.16%
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ProofOfCoffee
· 4h ago
Cashback is settled with XPL. This closed-loop design is clever, as it both locks in liquidity and empowers the token.
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GateUser-f78f1f3e
· 5h ago
At this price of 0.0826, with a market cap just over 200 million, if the membership system really gets off the ground, there's still room for growth.
View OriginalReply0
ColdBrewYield
· 5h ago
Available in over 150 countries + stablecoin payments, the narrative is indeed big, but whether it can be implemented still depends on the actual execution.
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NeonMargin
· 5h ago
XPL this wave is pulling strongly, 30% looks great, but it's still down 14% in 30 days, so don't FOMO yet.
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WhitepaperByTheRoadside
· 5h ago
Does Plasma One's membership tier system make sense? If higher levels require locking tokens, will the selling pressure decrease?
View OriginalReply0

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