Yesterday, I posted that Plasma/XPL is first targeting half of Tron’s market cap, and many in the comments refuted my point, saying, "Plasma has 0 gas, it doesn’t make money," and "Tron is based on black and gray markets, it can’t migrate over." Let me share my perspective. What the market needs is just a benchmark "anchor." You only need to know that Plasma is targeting the stablecoin public chain market of Tron + Eth, which is at least a market worth over 4 billion USD annually. Specifically, whether the final transfer has 0 gas and whether it generates 4 billion, 10 billion, or 40 billion in revenue by expanding market scale and providing derivative services, who knows? However, in the past few days, market sentiment has been completely lifted by Aster. Aster is the darling of BN, and it peaked with a hype of 50% fdv. Similarly, XPL, as Tether's "son," has a relationship with Tether just like Aster does with Binance; the market's hot money will quickly react to this relationship....
I chased Plasma when it opened at around 0.8, with an FDV of 8 billion and a considerable airdrop. Normally, I wouldn't chase a new coin like this. But I thought about one issue: USDT spends over 700 million dollars a year on transaction fees in Tron, and it will be even more for Ethereum (gas is more expensive). Assuming the total USDT gas fee market is 2 billion dollars a year, now that USDT has launched its own Plasma chain to capture this revenue, is an 8 billion FDV still expensive?
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