Plasma price

NEW: @blockchain and @relai_app join @RevolutApp in securing MiCA licenses to offer regulated crypto services in the European Economic Area (EEA). @Plasma (token: $XPL) will reportedly follow after it announced plans to establish a new office in Amsterdam.

Wow, a TGE Season! # 1 MegaETH Sonar Terms got announced, and for once it seems that retail is getting a good deal (but not me, because "muh, regulations"). The whole "English auction" thing is obviously a bit of a red herring, as there is no way they don't oversubscribe and get to that $999M val. 1B is a decent valuation for an L2 with a bunch of peers trading in the ~2B range (how is OP still a 1.8B coin btw), and I'm a huge fan of MegaETH doing these old-style ICOs instead of all the silly points and airdrop clown fiesta, so I don't doubt it goes higher. That being said, HL premarket is trading at $5B (on $20M volume), which seems a bit delulu, but last time HL was wrong was with XPL, and we all know how that happened. Sonar sale seems like an easy 2x-3x for those lucky to get in, but beyond that - we'll see. I see a lot of people excited to flip $MEGA, but not a lot of people who are actually excited to use it. #2 Monad Airdrop I get a feeling a lot of people forgot Monad and wrote it off - they delayed far too long and potentially missed the timing. This might still be the case, but they at least managed to somewhat turn it around and get the CT's attention back first with cards and then with the checker. I respect that. I also appreciate not giving allocation to all the "gMonaders" and testnet transaction spammers - hopefully that's the end of that meta, but I doubt it. Polymarket predicts $6B (@ 66%), HL premarket trades around 6 as well (but again, low volume). Doesn't seem outrageous, especially when you remember that IP trades at 5B and Hedera is at 9B. I don't look forward to buying $MON, but I look forward to bridging to it and seeing what's what (same goes for MegaETH tbh) - it's been a while since we had a new chain launch. #3 Kinetiq The most anticipated (and imo one of the few worthwhile) protocols on HyperEVM announced their token 25% for the community is sweet, and everyone who farmed early should get a nice stimmy. Point projections vary widely, but ultimately it will depend on how the $HYPE is feeling come the end of November, which in turn depends greatly on what happens with that big unlock. Kinetiq is closer to Jito than it is to Lido (i.e., it's more than a vanilla LST), and $JTO is a billion-dollar coin (just don't chart it against SOL), which would put KNTQ @ ~500M, meaning $12 per point (slightly less than $100 promised to me in a dream, but we'll take it). $KNTQ is going to be by far the second-best way to get exposure to HL, but it remains to be seen how much that second place is worth and how much competition is able to dilute that advantage - if all big HL protocols try to rush the token out the door at the same time, it might not be pretty.