Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Expect a Strong Move Up for One BNB Chain Ecosystem Altcoin, According to Economist Alex Krüger

Expect a Strong Move Up for One BNB Chain Ecosystem Altcoin, According to Economist Alex Krüger

Daily HodlDaily Hodl2025/10/01 16:00
By:by Daily Hodl Staff

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 participants 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.”

Expect a Strong Move Up for One BNB Chain Ecosystem Altcoin, According to Economist Alex Krüger image 0 Source: Alex Krüger/X

Popular analyst Altcoin Sherpa is also predicting an XPL bounce, but warns the altcoin may still have a deeper correction.

“This XPL chart is a sight to behold. Literally not one green four-hour candle and just vicious selling across the board. Seems like 90% of CT (crypto Twitter) is down on this coin, myself included.

My entry is around $1.15-$1.20 or so and I’m definitely feeling the pain. I keep thinking bounce is coming but I don’t know when/where/how it happens. I’ve already cut my perps position and just in spot at this point.”

Expect a Strong Move Up for One BNB Chain Ecosystem Altcoin, According to Economist Alex Krüger image 1 Source: Altcoin Sherpa/X

XPL is trading for $0.95 at time of writing, down 8.2% in the last 24 hours.

Generated Image: Midjourney

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Jupiter Lend Faces Scrutiny Over Misleading Risk Assertions

In Brief Kash Dhanda admits inaccuracies in Jupiter Lend’s "zero contagion risk" claims. Critics question rehypothecation practice, citing potential contagion risks. Jupiter Lend plans to address concerns with new documentation and video presentation.

Cointurk2025/12/07 07:03
Jupiter Lend Faces Scrutiny Over Misleading Risk Assertions

ICP Caffeine AI: Pioneering Decentralized Solutions in the Next Wave of AI Infrastructure After 2025

- ICP Caffeine AI, a blockchain-native platform by DFINITY, enables AI app deployment via natural language prompts on the Internet Computer Protocol (ICP) chain. - Its "chain-of-chains" architecture and Chain Fusion cross-chain tech enhance privacy, scalability, and interoperability with major blockchains and cloud services. - The platform's TVL reached $237B by Q3 2025, reducing AI inference costs by 20-40% while competing with $758B AI infrastructure market leaders like NVIDIA and AMD . - Regulatory scru

Bitget-RWA2025/12/07 01:26
© 2025 Bitget