Investing in the crypto space is all about endorsements. The recent hot topic is also about endorsing CZ. Let’s not discuss whether #XPL is a favorite child or a favorite nephew. In the competition of stablecoins, Tether will not be absent. As the saying goes: currently, the only token in the crypto space that can be found associated with Tether is $XPL (excluding usdt). Right now, the market is unstable, and the airdrops and unlocks of tokens have not been fully released, making it difficult to determine the right time to enter. However, if there comes a time when no one is paying attention, I will also buy in low and hold on, waiting for the wind to come.
This is the next Trump Pump Aster hype level project, capable of accommodating the largest scale of funds and big players in the market. Currently bullish on $XPL are KOLs including @LeePima, @0xRay518, @daidaibtc, @Luyaoyuan1, @0xTodd, and @octopusycc. These individuals are themselves A8 and A9 level big fund players, and the followers of $XPL are almost all similar big players. If a project attracts followers who are all top-tier fund players, combined with support from Binance for savings in addition to regular pre-sales, along with OG whales backing it and support from top Western capital, the market will naturally have a very positive outlook on it. Therefore, the spot turnover rate and trading volume of $XPL are likely to be very high. In addition, the promotional video released yesterday was very impressive, directly pushing the price up by 10 points. As a "star-studded" project, $XPL has an extremely strong background, with the CEO of Tether personally supporting it. As the issuer of USDT, Tether has strong financial strength, and the relationship between Tether and Bitfinex can be summarized as "belonging to the same parent company," with a high degree of correlation in funding and operations. However, the current price of $XPL is a bit high, and I am somewhat hesitant to enter the market rashly. Perhaps I can wait until after the TGE to see if there will be a "golden pit" correction opportunity to buy in. The expectation is that the airdrop will take a hit, but currently, the pre-market speculation has mostly hedged, creating a sort of reverse price in. I speculate that its trend will be similar to $Linea—after all, projects with "good fathers" often have similar patterns. For example, $Linea has the support of ConsenSys, and $XPL also has a group of OG whale supporters backing it, making it a solid "blue blood project." TLDR: - Payment-focused L1 (zero-fee stablecoin transfers) - Supporters include @Bitfinex, @paoloardoino, and @foundersfund (Peter Thiel narrative). - With more positive news related to Tether being released, $XPL is the only option to buy into bullish sentiment through the stablecoin narrative. - Obvious opportunities in the stablecoin sector: - Stripe + Paradigm recently announced @tempo, a stablecoin-focused L1, indicating that a "stablecoin chain" is forming a new category. - $XPL is an excellent opportunity to achieve the vision depicted by Tempo. - FDV is about $8 billion. - The mainnet Beta will launch on September 25 at 8:00 AM ET. - Pre-market trading platforms: Binance / HyperLiquid. I believe: $XPL is a rare "stablecoin chain" blue blood project in the current market, backed by top capital and whale support, with a very clear narrative and sector. Although the current price is high, there may be a golden pit correction after the TGE, making it a noteworthy entry opportunity. I will choose not to short and wait patiently for the right moment.
Show original
19.14K
4
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.