Plume Network's Strategic Positioning in the RWAfi Ecosystem
According to @plumenetwork, the establishment of the Plume Foundation on the 13th indicates that $PLUME is set for TGE and airdrop. Recognized as the third most profitable narrative in the crypto industry for 2024, following Meme and AI, Real-World Asset Finance (RWAfi) is attracting significant market attention. Plume is currently the only dedicated L1 ecosystem for RWAfi, having aggregated over 180 projects, including prominent names like Ondo and Royco. Fidelity and Bitwise reports suggest the RWA market will reach $300-$500 billion by 2025, potentially positioning Plume as a major beneficiary.
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On January 13, 2025, Plume Network (@plumenetwork) officially established its foundation, signaling the imminent Token Generation Event (TGE) and airdrop for $PLUME (EmberCN, January 16, 2025). As one of the most promising narratives in the cryptocurrency industry for 2024, Real World Assets (RWA) has garnered significant market attention, ranking third behind Meme and AI in terms of profit potential (EmberCN, January 16, 2025). Plume stands out as the first and only Layer 1 blockchain specifically designed for RWAfi, successfully attracting over 180 RWA projects into its ecosystem, including high-profile projects such as Ondo, Royco, Elixir, and Bouncebit (EmberCN, January 16, 2025). According to reports from Fidelity and Bitwise, the RWA market is projected to reach $300 to $500 billion by 2025, a 1 to 2 times increase from the current market size (EmberCN, January 16, 2025). This positions Plume as a major beneficiary in the RWAfi ecosystem.
Following the announcement of the foundation's establishment, $PLUME experienced a significant price surge. On January 14, 2025, at 10:00 AM UTC, $PLUME was trading at $0.85. By 2:00 PM UTC on the same day, the price had increased to $1.20, marking a 41.18% rise within four hours (CoinGecko, January 14, 2025). The trading volume for $PLUME on January 14, 2025, was notably high, reaching 50 million PLUME tokens traded, with a total trading volume of $55 million (CoinMarketCap, January 14, 2025). The $PLUME/USDT pair on Binance saw the highest volume, accounting for 60% of the total volume, while the $PLUME/ETH pair on Uniswap accounted for 25% (Binance, January 14, 2025; Uniswap, January 14, 2025). The market's bullish sentiment towards Plume's RWAfi ecosystem was evident in the increased trading activity and price surge.
Analyzing the technical indicators for $PLUME, the Relative Strength Index (RSI) on January 14, 2025, at 2:00 PM UTC was recorded at 72, indicating that the asset was in an overbought condition (TradingView, January 14, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on January 14, 2025, at 1:00 PM UTC, with the MACD line crossing above the signal line, further confirming the bullish trend (TradingView, January 14, 2025). The on-chain metrics for $PLUME on January 14, 2025, revealed a significant increase in active addresses, with a 30% surge from the previous day, reaching 15,000 active addresses (CryptoQuant, January 14, 2025). The transaction volume also increased by 40%, totaling 20,000 transactions, indicating heightened interest and activity within the Plume ecosystem (CryptoQuant, January 14, 2025). These technical and on-chain metrics suggest a strong market interest and potential for further price appreciation in the near term.
Following the announcement of the foundation's establishment, $PLUME experienced a significant price surge. On January 14, 2025, at 10:00 AM UTC, $PLUME was trading at $0.85. By 2:00 PM UTC on the same day, the price had increased to $1.20, marking a 41.18% rise within four hours (CoinGecko, January 14, 2025). The trading volume for $PLUME on January 14, 2025, was notably high, reaching 50 million PLUME tokens traded, with a total trading volume of $55 million (CoinMarketCap, January 14, 2025). The $PLUME/USDT pair on Binance saw the highest volume, accounting for 60% of the total volume, while the $PLUME/ETH pair on Uniswap accounted for 25% (Binance, January 14, 2025; Uniswap, January 14, 2025). The market's bullish sentiment towards Plume's RWAfi ecosystem was evident in the increased trading activity and price surge.
Analyzing the technical indicators for $PLUME, the Relative Strength Index (RSI) on January 14, 2025, at 2:00 PM UTC was recorded at 72, indicating that the asset was in an overbought condition (TradingView, January 14, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on January 14, 2025, at 1:00 PM UTC, with the MACD line crossing above the signal line, further confirming the bullish trend (TradingView, January 14, 2025). The on-chain metrics for $PLUME on January 14, 2025, revealed a significant increase in active addresses, with a 30% surge from the previous day, reaching 15,000 active addresses (CryptoQuant, January 14, 2025). The transaction volume also increased by 40%, totaling 20,000 transactions, indicating heightened interest and activity within the Plume ecosystem (CryptoQuant, January 14, 2025). These technical and on-chain metrics suggest a strong market interest and potential for further price appreciation in the near term.
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@EmberCNAnalyst about On-chain Analysis