Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Speaking of $XPL, my involvement process is actually quite representative. In the early days, I noticed it was gaining some attention in the market, and with the discussion heat rising, my sentiment was high, so I added a bit of position. Then the problem arose— the market didn't continue to rise as expected, but instead fell into repeated oscillations.
The mood was indeed tough some time ago. Watching the market daily, I kept feeling that it was about to go up if I just waited a little longer, but every rebound was pushed back down. Later, I simply reduced my monitoring frequency and turned to carefully observe whether it was "selling off" or "bottoming out."
After watching for a while, I realized that $XPL$ didn't show obvious signs of deterioration. Although the price wasn't very strong, the downside was limited, and there was no sign of continuous massive sell-offs. To put it simply, this looks more like digesting the previous accumulation of chips rather than being completely abandoned by the market.
From several basic indicators, the trend seems to lean more towards sideways consolidation rather than a one-sided decline. Coins that truly deteriorate usually see trading volume gradually shrink, and related discussions quickly fade out. But the content related to $XPL$ hasn't completely disconnected, which helps maintain my confidence.
Of course, I won't force a story on it. The current market environment is inherently difficult for big moves; everything depends on luck and rhythm. I now treat $XPL$ as a lesson in patience: learning to accept oscillations, getting used to a slow pace, and not expecting every coin to double quickly.
My current judgment is: the trend isn't outstanding, but it hasn't broken down either. As long as the structure remains, there's still a chance, and time will tell.