As a stablecoin network, Plasma’s native token, XPL, fell short of the anticipated interest, leading to significant disappointment. Although prominent analysts, including Altcoin Sherpa, foresee a positive change for XPL in the coming year, they remain optimistic it will overcome its current negative trend. The accompanying graph illustrates their perspective.
According to Altcoin Sherpa, “XPL has shown considerable strength recently. It’s a cryptocurrency where you could easily miss the first 50% increase but still has substantial growth potential. While it may never return to its all-time high (ATH), an improvement in market conditions could lead to a significant increase in value. Stay .”
An analyst with the pseudonym Columbus also shares positive sentiments concerning XPL Coin. After the recent recovery, Columbus anticipates the continuation of the upward trend following a short-term correction.