XPL became one of the tokens of interest in the encryption market this week. Following news related to the return of the Pratinem card, the daily increase in coins exceeded 21 per cent. At the same time, the chain of transactions in Plasma Chain continues to expand, allowing the market to start focusing on both prices and the actual use of data.
The return of airline tickets is driving up.
It was disclosed that users who book flights using Platinem cards could benefit from higher returns. The maximum annual feedback on new airline interests is $600, with 10 per cent of eligible airline fare consumption returned, up to $300 every six months.
Following the release of the news, XPL moved up rapidly, indicating that the market saw such expansion as a short-term catalyst. This price response also added an improvement in network activity, compared to a purely emotionally driven increase.
Plasma Chain Day deal went up to 808,000.
The chain data show that the number of daily transactions in Plasma Chain has risen from about 155,000 to 80.88 million over the past six months, an increase of more than five times. Network use has increased significantly from the beginning of the year and is an important support behind this cycle.
- About 155,000 six months ago.
- It's now up to about 80.08 million.
- The cumulative increase has exceeded 5 times
0.120 for resistance.
On the price side, the XPL fell to the vicinity of $0.060 at a time in early June, and then continued to rebound and is now approaching the line of $ 0.120. This position has become the most visible area of resistance in short-term transactions.
If this level is further exceeded, the following areas of market interest will be moved upwards to $0.144, 0.175 and 0.213. Failure to stand may slow the current increase and the price may look back at the support of $0.075.