Plasma

Today's state: Plasma is trading at $0.100202 with a $0.2 billion market capitalization (rank #215). The price moved +5.42% over the past 24 hours and is +2.94% over 7 days; the 30-day move stands at +23.20% and the 90-day at -6.69%.

Position vs cycle: The asset trades deep in the post-peak drawdown regime, more than 70% below its prior cycle high — typical of late-stage bear conditions or assets that have permanently re-rated lower.

Volatility and structure: 30-day realized volatility of 186.7% annualized is extreme for an asset this size. Our composite multi-horizon Price Strength reads Neutral (47/100), with the timeframes pulling in different directions and no clean directional read.

To place XPL in the wider market, its 90-day return correlations against the two other largest layer-1s show whether it trades as crypto-market beta or on its own drivers. The Pearson figures across daily log returns:

• Bitcoin reference: +0.42 — a moderate positive relationship.
• Ethereum reference: +0.49 — a moderate positive relationship.
• Solana reference: +0.55 — a moderate positive relationship.

Strong correlation to multiple references typically indicates that the asset trades primarily as crypto-market beta — moves in BTC/ETH/SOL drive most of the price action, and stand-alone alpha is harder to capture. Weak or negative correlations indicate idiosyncratic drivers (project-specific news, sector rotation within crypto, or narrative shifts) that can produce returns uncorrelated with the broader market.

Plasma (XPL) is a cryptocurrency, traded on global digital-asset markets. It trades at $0.1002 as of the latest update, with a 24-hour move up 5.42%, placing it at rank #137 by market capitalisation among all listed digital assets. Plasma's current market cap stands at $180.36M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Plasma across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Plasma (XPL) is a cryptocurrency traded on global digital-asset markets. Its specific role depends on the protocol and ecosystem built around it — the data and market sections on this page describe what can be measured directly from on-chain and exchange activity.

Plasma currently ranks #215 by market capitalisation, making it a mid-cap asset in the broad top 250. Plasma has 2.60B tokens circulating against a total supply of 10.00B, with no fixed hard cap on issuance. It currently trades about 95% below its all-time high of $1.87 set in September 2025.

Like other crypto assets, Plasma records transactions on a distributed ledger that no single party controls. Holders custody it directly through private keys, and its issuance and rules are enforced by the network's code rather than by an issuer.

Plasma currently ranks #215 by market capitalisation, making it a mid-cap asset in the broad top 250. Plasma has 2.60B tokens circulating against a total supply of 10.00B, with no fixed hard cap on issuance. It currently trades about 95% below its all-time high of $1.87 set in September 2025. Its fully-diluted valuation of $295.26M is about 1.6× the circulating market cap of $180.36M, a gap that signals issuance overhang to factor into any longer-term thesis.

Plasma is used for value transfer, on-chain settlement, and access to whatever application or ecosystem its protocol supports. Because utility varies widely across projects of this kind, the most reliable read on the asset is its market data — liquidity, supply dynamics, and price behaviour — shown elsewhere on this page.

Daily turnover is unusually high at roughly 61% of market cap ($109.91M traded in 24 hours), the kind of liquidity that reflects an active news or trading cycle.

The supply story for Plasma comes down to three things: how tokens are issued over time, how many are circulating now, and how far the fully-diluted valuation sits above the circulating market cap. The fully diluted valuation (FDV) of $0.3 billion stands at 1.6× the current circulating market cap of $0.2 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

The question that matters for a longer-term view is simple: does value accrual (burns, staking-yield reinvestment, deflationary mechanics, growing ecosystem TVL) run ahead of new issuance, or behind it? Ahead, and price can compound quietly; behind, and it leans on continuous fresh demand to soak up the supply.

At the macro level, the variables that move this asset class most are the direction of US interest rates, the supply of dollar liquidity, and the state of global risk appetite. Crypto has behaved like a long-duration, high-beta risk asset: it tends to rally when real yields fall and the dollar softens, and to sell off when liquidity tightens.

For cross-asset context, monitor the dollar (a headwind when it strengthens), long-term Treasury yields (the discount rate on risk), gold (a sometime companion in monetary-debasement narratives), and the S&P 500 (often correlated with crypto on liquidity-driven swings even though crypto is popularly billed as uncorrelated).

Narrowing to Plasma, the cleanest leading signal has usually been crypto-native liquidity — the combined trend in stablecoin supply, futures open interest and exchange turnover. When that pool of on-chain capital grows, XPL has tended to advance with it; when it drains, the move has typically gone into reverse. Given the 90-day BTC correlation of +0.42, XPL's near-term macro sensitivity will be similar to Bitcoin's — driven primarily by the same liquidity conditions and risk-asset flows.

General crypto risks apply: high volatility (double-digit daily moves are common), regulatory uncertainty, exchange and custody risk, and project-specific execution risk. With a smaller or less-established asset, liquidity can be thin — meaning larger orders move the price more, and exits during stress can be costly. Size positions accordingly and never commit more than you can afford to lose.