I think $XPL .@PlasmaFDN is a great buy here from a r:r perspective - short thesis:
Current: 6.7B
Floor: 5B (my imagination)
Upside: 10-15B
r:r is compelling
$XPL's first target - Tron $TRX is trading at $32B
Not outside the realm of possibilities for it to reach half that in short order
Other tldr reasons:
- Tether backed
- CRCL competitor but has a token
- Cobie/Echo backed
- Thiel backed (and one of partners made a personal tweet on it — rare for them to do afaik)
- blue chip DeFi protocols committed before TGE
- Binance partnered before TGE
- sales were insta subscribed and oversubscribed (unlike $WLFI) - latent demand is clearly there
I believe there will be strong FOMO leading up to mainnet later this month
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