Has the New Year come early?
In the past, it always felt like the market would drop around the New Year, allowing everyone to focus on celebrating. This year's market seems to have started a bit early; I wonder if it can maintain 80,000 points.
In short, with the Spring Festival approaching, the legend of withdrawing coins for the New Year still has a solid logical basis.
From a trend perspective, BTC has been in a downtrend for half a month. The day before yesterday, there was a minor rebound following expectations from the Federal Reserve meeting, but after the meeting, the market continued to decline.
In the past few days, the decline of gold and silver has been significant, but the difference is that gold and silver have had major trends this year, yielding much higher returns than mainstream cryptocurrencies.
CZ announced that purchasing BTC did not save the downturn.
At this time, I suggest everyone to hold and observe, be cautious about going long.
Speaking of holding coins, we have to mention the familiar figure of Binance$XPL . This project is designed specifically for high transaction fees and slow speeds of stablecoin transfers, and it has already achieved sub-second transfer speeds and 0 gas for stablecoins.
$XPL This token is not only network fuel but also allows staking to earn rewards, with a decent annualized return, a robust economic model, a total supply of 1 billion, and low inflation cycles.
From a practical application perspective, @Plasma has great potential in supply chain finance, linking the real economy with smart contracts, digital rights, and transparent supply chain settlements. These high-frequency scenarios can run efficiently. For example, you send a cross-border invoice, data on-chain with zero-cost storage, instant verification, avoiding the pitfalls of intermediaries.
The global economy is digitizing, and stablecoins are key, but traditional chains are underperforming. @plasma directly built the chain from scratch, integrating Bitcoin's security and Ethereum's flexibility, specifically targeting USDT for global payments. Supports 100+ currencies, instant cross-border transactions, with fees low enough to ignore, backed personally by Tether CEO Paolo Ardoino.
The XPL mainnet has not been online for long, and there are already seamless USDT transfer cases, such as cross-border payments or in-game settlements, saving time and money with Plasma. In terms of privacy, on-chain data encryption is optional, reducing tracking risks, but experienced users know that Layer 1 always has volatility, and liquidity may be thin during market downturns.
Of course, with fierce competition, Ethereum L2s are also competing for the payment market, but Plasma's zero-fee USDT specialization allows it to stand out in the stablecoin narrative.
If you hold stablecoins during the New Year and have transfer needs, you may consider #Plasma .