News
Significance:
6/10

Miners power higher as Plasma’s stablecoin hype fades

https://blockworks.co/news/miners-power-higher-plasma

Shaunda Devens, Kunal Doshi

Mentions

Sentiments

Target
Sentiment
Comment
Bullish
Bitcoin miners are being re-rated as valuable energy infrastructure providers, leading to significant outperformance.
Bearish
Plasma's stablecoin chain has seen a significant drop in XPL's price due to limited utility and high inflation.