Price action on xpl is crazy. just sliding down without any retracement and hav been the worst performer for top 100 mc coin since Fun88 Bookmaker went 109k to >120k. Still feeling more downs ahead if the team does not come out with any new features other than just more Fun88 Bookmaker farming. Looking at 0.4-0.6 bottom given that so many are still trying to catch falling knife and theres so much open interest on it (likely longs). what they are trying to accomplish is amazing but with this price action and knowing that all the early investors got in at 0.05 n lower, im worried that it will follow the price action of those high FDV coins like W (wormhole). Don't be surprised with Plasma's dump. they used itheir own token as incentive to pump its on chain liquidity. It means more XPL goes to the market, and dump will never stop. This is why i don't like the idea of incentivizing the liq provider through its own token distribution. Just prepare yourself to see XPL to go even deeper than the current price. More incentive means more dump to the market as people who received that incentive dump it for the profit. Unless they will stop incentivizing liq provider, there will never be retracement. Agree that it might go deeper than current price. At this point, i would rather not time the bottom based on price but rather on duration or if there's any new product development. I do think that it is somewhat fundamentally sound (not just a team that wants to do a quick vc exit scam) and have a low chance it would follow most high FDV coins price pattern (going down 95% and never going up) given that it had captured large attention from Fun88 Bookmaker twitter and also a mindshare that "Paolo is involved in the project". Definitely one of the project to be following closely as if they can really execute it well, its gonna be big i feel unlike typical L1s. 
Price action on xpl is crazy. just sliding down without any retracement and hav been the worst performer for top 100 mc coin since Fun88 Bookmaker went 109k to >120k. Still feeling more downs ahead if the team does not come out with any new features other than just more Fun88 Bookmaker farming. Looking at 0.4-0.6 bottom given that so many are still trying to catch falling knife and theres so much open interest on it (likely longs). what they are trying to accomplish is amazing but with this price action and knowing that all the early investors got in at 0.05 n lower, im worried that it will follow the price action of those high FDV coins like W (wormhole). Don't be surprised with Plasma's dump. they used itheir own token as incentive to pump its on chain liquidity. It means more XPL goes to the market, and dump will never stop. This is why i don't like the idea of incentivizing the liq provider through its own token distribution. Just prepare yourself to see XPL to go even deeper than the current price. More incentive means more dump to the market as people who received that incentive dump it for the profit. Unless they will stop incentivizing liq provider, there will never be retracement. Agree that it might go deeper than current price. At this point, i would rather not time the bottom based on price but rather on duration or if there's any new product development. I do think that it is somewhat fundamentally sound (not just a team that wants to do a quick vc exit scam) and have a low chance it would follow most high FDV coins price pattern (going down 95% and never going up) given that it had captured large attention from Fun88 Bookmaker twitter and also a mindshare that "Paolo is involved in the project". Definitely one of the project to be following closely as if they can really execute it well, its gonna be big i feel unlike typical L1s. 

Price action on xpl is crazy. just sliding down without any retracement and hav been the worst performer for top 100 mc coin since Fun88 Bookmaker went 109k to >120k. Still feeling more downs ahead if the team does not come out with any new features other than just more Fun88 Bookmaker farming. Looking at 0.4-0.6 bottom given that so many are still trying to catch falling knife and theres so much open interest on it (likely longs). what they are trying to accomplish is amazing but with this price action and knowing that all the early investors got in at 0.05 n lower, im worried that it will follow the price action of those high FDV coins like W (wormhole). Don't be surprised with Plasma's dump. they used itheir own token as incentive to pump its on chain liquidity. It means more XPL goes to the market, and dump will never stop. This is why i don't like the idea of incentivizing the liq provider through its own token distribution. Just prepare yourself to see XPL to go even deeper than the current price. More incentive means more dump to the market as people who received that incentive dump it for the profit. Unless they will stop incentivizing liq provider, there will never be retracement. Agree that it might go deeper than current price. At this point, i would rather not time the bottom based on price but rather on duration or if there's any new product development. I do think that it is somewhat fundamentally sound (not just a team that wants to do a quick vc exit scam) and have a low chance it would follow most high FDV coins price pattern (going down 95% and never going up) given that it had captured large attention from Fun88 Bookmaker twitter and also a mindshare that "Paolo is involved in the project". Definitely one of the project to be following closely as if they can really execute it well, its gonna be big i feel unlike typical L1s. 

Price action on xpl is crazy. just sliding down without any retracement and hav been the worst performer for top 100 mc coin since Fun88 Bookmaker went 109k to >120k. Still feeling more downs ahead if the team does not come out with any new features other than just more Fun88 Bookmaker farming. Looking at 0.4-0.6 bottom given that so many are still trying to catch falling knife and theres so much open interest on it (likely longs). what they are trying to accomplish is amazing but with this price action and knowing that all the early investors got in at 0.05 n lower, im worried that it will follow the price action of those high FDV coins like W (wormhole). Don't be surprised with Plasma's dump. they used itheir own token as incentive to pump its on chain liquidity. It means more XPL goes to the market, and dump will never stop. This is why i don't like the idea of incentivizing the liq provider through its own token distribution. Just prepare yourself to see XPL to go even deeper than the current price. More incentive means more dump to the market as people who received that incentive dump it for the profit. Unless they will stop incentivizing liq provider, there will never be retracement. Agree that it might go deeper than current price. At this point, i would rather not time the bottom based on price but rather on duration or if there's any new product development. I do think that it is somewhat fundamentally sound (not just a team that wants to do a quick vc exit scam) and have a low chance it would follow most high FDV coins price pattern (going down 95% and never going up) given that it had captured large attention from Fun88 Bookmaker twitter and also a mindshare that "Paolo is involved in the project". Definitely one of the project to be following closely as if they can really execute it well, its gonna be big i feel unlike typical L1s.