Crypto is brutal. It’s a cycle of hype, disappointment, and a few golden moments where the real money is made. Plume Network ($PLUME) is trading now, but the real question is: does this thing have legs, or is it another forgotten L1 waiting to be buried?
I like Plume. I like what it’s doing (180 projects and counting). But I also know what it needs to do if it’s ever going to break into the big leagues. Here’s what you need to look for before making any moves.
Plume is out there on DEXs. Cool. But that’s not enough. Liquidity is everything.
You don’t want to be in a project that pumps 50% one day and crashes 70% the next because there aren’t enough buyers. The volume has to be climbing, liquidity has to deepen, and the spreads need to tighten.
If you’re seeing consistent volume growth, buy support on the books, and no sharp, erratic dips, then Plume might actually be building something real. If it’s just bots playing pong with the price, stay away.
Plume trading on DEXs is great, but we all know a Coinbase listing changes the entire game.