Recently, there have been countless articles and lengthy bullish posts about Plasma - $XPL being a long-term hold.
This is not new as it is part of the basic market psychology. In fact, this sentiment has occurred quite a bit throughout each phase of the cycle. The market has seen billion-dollar narratives like Modular Blockchain, L2, etc., followed by bullish posts with targets that reflect the hype and excitement of investor expectations.
Examples that come to mind include $STRK, $BLAST, which once captured the attention of the crypto community and then collapsed without being able to ride the uptrend again.
With the current tight liquidity situation, crypto is experiencing a rapid asset rotation. Every trend and narrative is maintained for a short time before liquidity is withdrawn and shifts to a new sector.
So don't talk about long-term holding when projects rarely withstand this situation.
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