Gate News Bot news, on September 5th, according to CoinMarketCap data, as of the time of writing, XPL (Plasma) is currently at 0.60 USD, having risen by 9.59% in the last 24 hours, reaching a peak of 0.77 USD and a low of 0.49 USD, with a 24-hour volume of 168,500 USD. The current market capitalization ranks 4032.
Plasma is a high-performance first-layer blockchain specifically designed for stablecoins. It provides near-instant, zero-fee payments for stablecoins while offering institutional-grade security. Plasma can process over 1000 transactions per second, with a block time of less than 1 second. The project is supported by well-known institutions such as Bitfinex, Founders Fund, and Framework.
Important news about XPL recently:
1️⃣ USD.AI announces partnership with Plasma, deposit limit increased
The AI credit stablecoin protocol USD.AI plans to increase the deposit cap from $110 million to $160 million. The protocol also announced a partnership with Plasma, which will be deployed on the first day of the Plasma mainnet launch and will allow users to deposit using USDT. This collaboration is expected to bring more real-world application scenarios and liquidity to XPL.
2️⃣ Large traders' XPL operations on the Hyperliquid platform
The well-known trader TechnoRevenant holds a large low-leverage long position in XPL on the Hyperliquid platform, with a total value of approximately $31.1 million, accounting for 35.5% of the total open contracts of XPL on the platform. Meanwhile, a whale address has placed limit orders to short XPL at price levels of $2 to $3, with a total value of $3.11 million. These large trading activities could have a significant impact on the price of XPL.
3️⃣ XPL price hits a new high, with a significant rise in 24 hours
The XPL price broke through $0.88 in a short period, reaching an all-time high, with a 24-hour pump of over 20%. This price breakthrough may attract more investor attention, but it also increases the risk of a short-term correction.
The price of XPL is highly volatile, reflecting the market's strong attention and speculative sentiment towards it. With the imminent launch of the Plasma mainnet and the collaboration with USD.AI, XPL may welcome more practical application scenarios. However, the concentrated positions and operations of large traders may also lead to drastic price fluctuations, and investors need to carefully assess the risks.
This message is not to be taken as investment advice; investors should be aware of market volatility risks.
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XPL (Plasma) rose 9.59% in 24 hours
Gate News Bot news, on September 5th, according to CoinMarketCap data, as of the time of writing, XPL (Plasma) is currently at 0.60 USD, having risen by 9.59% in the last 24 hours, reaching a peak of 0.77 USD and a low of 0.49 USD, with a 24-hour volume of 168,500 USD. The current market capitalization ranks 4032.
Plasma is a high-performance first-layer blockchain specifically designed for stablecoins. It provides near-instant, zero-fee payments for stablecoins while offering institutional-grade security. Plasma can process over 1000 transactions per second, with a block time of less than 1 second. The project is supported by well-known institutions such as Bitfinex, Founders Fund, and Framework.
Important news about XPL recently:
1️⃣ USD.AI announces partnership with Plasma, deposit limit increased The AI credit stablecoin protocol USD.AI plans to increase the deposit cap from $110 million to $160 million. The protocol also announced a partnership with Plasma, which will be deployed on the first day of the Plasma mainnet launch and will allow users to deposit using USDT. This collaboration is expected to bring more real-world application scenarios and liquidity to XPL.
2️⃣ Large traders' XPL operations on the Hyperliquid platform The well-known trader TechnoRevenant holds a large low-leverage long position in XPL on the Hyperliquid platform, with a total value of approximately $31.1 million, accounting for 35.5% of the total open contracts of XPL on the platform. Meanwhile, a whale address has placed limit orders to short XPL at price levels of $2 to $3, with a total value of $3.11 million. These large trading activities could have a significant impact on the price of XPL.
3️⃣ XPL price hits a new high, with a significant rise in 24 hours The XPL price broke through $0.88 in a short period, reaching an all-time high, with a 24-hour pump of over 20%. This price breakthrough may attract more investor attention, but it also increases the risk of a short-term correction.
The price of XPL is highly volatile, reflecting the market's strong attention and speculative sentiment towards it. With the imminent launch of the Plasma mainnet and the collaboration with USD.AI, XPL may welcome more practical application scenarios. However, the concentrated positions and operations of large traders may also lead to drastic price fluctuations, and investors need to carefully assess the risks.
This message is not to be taken as investment advice; investors should be aware of market volatility risks.