Expect a Strong Move Up for One BNB Chain Ecosystem Altcoin, According to Economist Alex Krüger
A popular economist believes that one altcoin project supported by the BNB Chain ecosystem is setting the stage for a massive breakout. In a new X post to his 215,200 followers, Alex Krüger says that Plasma (XPL) is likely to have an explosive move to the upside once the token forms a local bottom. Plasma is a proof-of-stake (PoS) layer-1 project optimized for large-scale stablecoin payments and compatible with Ethereum (ETH). “Seeing widespread FUD (fear, uncertainty and doubt) around Plasma following its two-day ~40% price correction. Dump is driven by profit taking from unlocked ICO (initial coin offering) participants (non-US participants were unlocked) who are/were up about 20x-30x in under four months, in size. Abnormally high funding can be indicative of spot selling. Expect a strong move up as soon as indiscriminate spot selling subsides, whenever that may be.” Source: Alex Krüger/X Popular analyst Altcoin Sherpa is also predicting an XPL bo...